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In blackjack, each card is worth a certain amount of points. [#permalink]
30 Apr 2013, 21:37
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In blackjack, each card is worth a certain amount of points. Each numbered card is worth its numerical value, so for example a 7 is worth 7 points. Jacks, queens, and kings are all worth 10 points each, and aces are worth 1 point or 11 points at any time. Blackjack is played with a deck consisting of 13 cards (one of each of the numbers 2-10, one jack, one queen, one king, and one of ace) in each of four suits: clubs, diamonds, hearts, and spades. The player whose hand equals or comes closes to equalling 21 wins. A player may be dealt as many cards as he or she chooses, but any combination of cards summing to a number greater than 21 automatically loses.
If the odds against a certain event’s occurring are x/y, this means that oddsmakers consider there to be x scenarios in which the event does not occur and y scenarios in which it does. If the odds against a certain event are 13/10, what is the approximate probability that the event does happen, expressed as a percent?
Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...