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impossibility of a gambling system principle

Principle of the impossibility of a gambling system:

Principle that a properly defined collective (see frequency theory of probability) will be random in a sense that makes it impossible to construct a system for predicting results with any greater probability than would be possible without the system.

The principle was named by the German mathematician and philosopher Richard von Mises (1883-1953).

The key condition is that the limiting frequency of the characteristic concerned should be the same for all partial sequences we could select from the collective, provided only that whether a given term in the collective is taken into a partial sequence is independent of whether that term manifests the characteristic concerned.

Source:
R von Mises, Probability, Statistics and Truth 2nd edn (1939), 30-35

Table of Contents

    • 0.1 Related:
  • 1 Videos
  • 2 Related Products
    • 2.1 RecZone LLC Vegas Gambling Electronic Travel Game Pack - Slot Machine, Solitaire, and Blackjack Handheld Game
    • 2.2 Kibbit - Bingo Style Game Targeting Descriptive Language, Sentence Structure, and Ability to Follow Multi-Component Directions
    • 2.3 SmartGames Temple Connection Board Game, a Fun, STEM Focused Path-Building Brain Game and Puzzle Game for Ages 7 and Up
    • 2.4 RecZone LLC No Limit Texas Holdem & Slot Machine Handheld Game Vegas Gambling Electronic Travel Game Pack
    • 2.5 Playing Sports: Word Building with Prefixes and Suffixes
    • 2.6 Meeple Majesty Tabletop Gaming Mat 36" x 48" with Travel Bag & Storage Tube | for Board Games | Dice | Cards & RPG's
    • 2.7 United Novelty 3 on 6 up Bingo Color Collated Paper Game Cards- 100 Books- Six
    • 2.8 Yardzee and Yarkle 5" x 7" Yard Dice Dry Erase Score Cards - pack of 5, includes 4 Yardzee and 1 Yarkle Scorecards with Rules on back
    • 2.9 Scatterball Game, Set of 18 Color Coded Wristbands, 1 Scatterball and Game Rules - 018175
    • 2.10 Brainetics Educational Games, Memory Techniques & Math Problem Shortcuts, Award Winning, All Ages

Related:

  • frequency theory of probability
  • Richard von Mises
  • limited independent variety principle
  • indifference principle
  • plenitude principle

  • Videos

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