Data 4 All

19 Betting the Data Odds


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In this episode, Charlie Apigian and Charlie Yielding dive into the world of betting, specifically casinos, sports, and the lottery.  They look at the probability of winning (or losing!) and how the house always wins. (Sorry gambling friends - this might be a little tough to hear.)

So why does the house always win?  Easy - math is hard and gamblers do not follow the math (or probability).  But, after this episode you should have a better appreciate for the "math" and your ability to use betting as an entertainment (you will lose) instead of a yearning for making money. 

Episode Links:

  • Gambler's Fallacy - https://www.investopedia.com/terms/g/gamblersfallacy.asp
  • Roulette odds - https://www.casino.org/roulette/odds/
  • Black Jack odds - https://mrq.com/blog/blackjack-odds
  • Powerball Probabilities - https://www.powerball.com/powerball-prize-chart
  • NOTE: We chose not to include sites with sports betting, since they all include online gambling options.

Data 4 All Social Media Links

  • @data4allpodcast
  • linkedin.com/company/data4allpodcast/
  • instagram.com/data4allpodcast/

Charlie Yielding Social Media Links 

  •  @charlieyielding  
  • linkedin.com/in/charlieyielding/
  • instagram.com/charlieyielding/

Charlie Apigian Social Media Links

  • @capigian
  • linkedin.com/in/capigian/
  • instagram.com/capigian/

For more information please visit us at www.data4all.io or email us at [email protected].

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Data 4 AllBy Charlie Yielding and Charlie Apigian

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