A lot of people associate poker with luck. In other words, the luckier you are, the more money you will end up winning. This is something that is not true, at all! Luck tends to even itself out over time, and to demonstrate this, you can use a set of percentile dice and perform a small experiment.
First of all, roll the percentile dice once (dice that read 0 to 99)and write down the number. Then, give the dice to someone else, and have them roll once. One of you will roll higher, but does this mean that this person is luckier? Lets see. The next part of the experiment is for each of you to roll the dice 20 times, and write down all of the numbers you get. Now, average those numbers by adding them all together and dividing the number you get by the number of times you rolled the dice. While one of you will definitely average higher, it will probably only be by a few numbers. What you will also realize is that you will both be VERY close to 50. One of you might average 54, and the other one might average 45. Either way, that is pretty close to the middle, which is 50. Now, perform the same experiment, but each of you roll 50 times. You will probably notice that you are both even closer to 50 than you were the first time! [Read more…]