The Gaming Table: Its Votaries and Victims. Volume 2 (of 2)Steinmetz, Andrew
History
The Gaming Table: Its Votaries and Victims. Volume 2 (of 2)
Steinmetz, Andrew
Gambling
In the matter of skill and chance the nature of cards is mixed,--most
games having in them both elements of interest,--since the success of
the player must depend as much on the chance of the 'deal' as on his
skill in playing the game. But even the chance of the deal is liable to
be perverted by all the tricks of shuffling and cutting--not to mention
how the honourable player may be deceived in a thousand ways by the
craft of the sharper, during the playing, of the cards themselves;
consequently professed gamblers of all denominations, whether their
games be of apparent skill or mere chance, may be confounded together
or considered in the same category, as being equally meritorious and
equally infamous.
Under the name of the Doctrine of Chances or Probabilities, a very
learned science,--much in vogue when lotteries were prevalent,--has been
applied to gambling purposes; and in spite of the obvious abstruseness
of the science, it is not impossible to give the general reader an idea
of its processes and conclusions.
The probability of an event is greater or less according to the number
of chances by which it may happen, compared with the whole number
of chances by which it may either happen or fail. Wherefore, if we
constitute a fraction whereof the numerator be the number of chances
whereby an event may happen, and the denominator the number of all the
chances whereby it may either happen or fail, that fraction will be a
proper designation of the probability of happening. Thus, if an event
has 3 chances to happen, and 2 to fail, then the fraction 3/5 will
fairly represent the probability of its happening, and may be taken to
be the measure of it.
The same may be said of the probability of failing, which will likewise
be measured by a fraction whose numerator is the number of chances
whereby it may fail, and the denominator the whole number of chances
both for its happening and failing; thus the probability of the failing
of that event which has 2 chances to fail and 3 to happen will be
measured by the fraction 2/5.
The fractions which represent the probabilities of happening and
failing, being added together, their sum will always be equal to
unity, since the sum of their numerators will be equal to their common
denominator. Now, it being a certainty that an event will either happen
or fail, it follows that certainty, which may be conceived under
the notion of an infinitely great degree of probability, is fitly
represented by unity.
Public-domain text, read in full here on John Shaqi.
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