Numbers and sports go hand in hand. Watch any live broadcast and you will see and hear commentators and pundits talking about ...

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 ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

When mathematics lecturer Gene Kim turned a $15 daily fantasy sports (DFS) lineup into a $50,000 win in April, it would not be his last victory of the year — Kim launched a new introductory seminar ...

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...

The probability in weather forecasts leaves many people perplexed on if, or when, they should continue with plans, cancel or delay. As summer ramps up across North America, millions of travelers, ...

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WE ARE in a bar, and agree to toss a coin for the next round. Heads, I pay; tails, the drinks are on you. What are your chances of a free pint? Most people – sober ones, at least – would agree: ...