Posts Tagged ‘lose’
Australians are the biggest Gamblers in the World
September 19, 2024Australians are the biggest Gamblers in the World,
Helen Sullivan, The Observer, 8 SEPT 2024
The reason…. Slot Machines or as we call them here in Oz, Poker MachineS or simply:
The Pokies.
As for Slot Machines maths:
Welcome to a lose lose date with the Pokies
Australia is home to a fifth of the world’s slot machines
According to Tom Vanderbilt in The Guardian ( Slot machines: a lose lose situation, 8 JUN 2013)
Once seen as a harmless diversion, hi-tech slot machines now bring in more money than casinos – and their players become addicted three times faster than other gamblers.
Here’s how the math works:
In Australia pokie machines must return between
85%
and
90%
of money gambled.
But here is the catch. If you start out with $300 that means, surely, you’ll go home with$270 in your pocket less some for the big payouts.
WRONG! WRONG! WRONG!
According to ex-gambler Tom Cummings you’ll probably go home with
NOTHING!
WHY?
In his article, Poker machine maths, (ABC, The Drum, 27 MAY 2011) it is not unusual for someone to start with $300 but put $3,000 into the machine over 4 – 5 hours.
They put their winnings back into the machine over and over.
Here’s the sting.
According to the poker machine, $3,000 was gambled, and $300 was kept (by the slot machine). That means that the machine paid out $2,700… which is the 90 per cent return.
But the player ends up with $ZERO!
IT’S ALL GONE BACK INTO THE MACHINE.
That’s one pension cheque gone for the week.
Warren Buffett has called
gambling in general a
“tax on stupidity”
or a way of fleecing those who don’t do the maths.
Winter Olympics: Beaten by 0.001 seconds
February 14, 2018
In 2014 Winter Olympics Annette Gerristen (below) lost the Gold Medal in the 1000 m Women’s speed skate competition by 0.02 seconds.
Annette Gerritsen fromthe Netherlands
What are the speed skating times for women?
Women’s Speed Skating Calulations:
Here are the speed calcs for Yara Van Kerkhof of the Netherlands in the 2018 Winter Olympics:
If Yara lost the Gold Medal by 0.02 secs (2 hundredths of a second) what would the distance be between the Gold and Silver place getters?
When 1st and 2nd place are separated by 0.02 seconds, they are travelling at almost the same speed. So the second place contestant is:
23.8 cm behind the Gold Medalist
The 2018 Olympic Gold Medalist in the 500m Women’s Speed Skating was Arianna Fontana.
Italy’s Arianna Fontana wins the 500 m Speed Skating 2018 Olympic Gold Medal in 42.569 seconds ahead of Yara van Kerkhof of the Netherlands and Kim Boutin of Canada.
Men’s Speed Skating:
At longer distances the men’s speed skating speed is similar to the women’s speed above.
If you lose by 0.001 secs…………
Apollo Ono (below) competed in the 1500m men’s speed skating. He has won 8 Olympic Medals.
If a speed skater lost the Gold Medal by 0.001 seconds, the smallest measured time segment at the Olympics, they would be:
1.19 cm
behind the winner. That is less than the length of a small fingernail.
Mathspig Blog 