**A tax on stupidity
**

- Explain the difference between the "odds" of winning and the "probability" of winning, say in Keno.
- Explain the comments of the cynical mathematician in the second last paragraph.
- Explain how payoffs are determined from the odds given.
- Do some further research and write a report on how organisations build a profit factor into their gaming operations.

Where to next?Newspaper article

Index - Related articles

Index - Chance and Basic Probability

Main Index - Numeracy in the News