Let's say I roll two dice, a d8 and a d12… How do I calculate the probability that the d12 will a) win, b) be equal, c) lose? There is probably a name for this equation, but my google-fu is lacking.

Learn how to calculate the roulette wheel probabilities to develop a strategy based on logic. Roulette is one of the simplest casino table games as it simply requires you to guess the number that will ...

Scientists at the University of California, San Diego (UCSD) have developed new insight into a formula that helped British cryptanalysts crack the German Enigma code in World War II. Scientists at the ...

Many people mix up odds and probability at casino tables. These words sound the same but mean different things. Knowing both ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

When life originates on a planet, whether Earth or a distant world, the newborn life-forms may have to overcome incredible odds to come into existence—and a new equation lays out exactly how ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...