The game of craps

Ghosh, Jonaki B. (2019) The game of craps. At Right Angles (5). pp. 66-73. ISSN 2582-1873

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Abstract

The topic of probability is replete with many interesting problems. Some of these, based on games of chance, can lead to interesting explorations in the classroom. Exploring such games actually enlivens the study of probability and also provides opportunities for students to explore many fundamental concepts in probability. In this article we shall explore a very popular game played in casinos called the Game of Craps or just Craps which is played simply by rolling a pair of dice. It is said that if you want to double your money quickly on a game of pure chance, one of your best opportunities is to bet all your money on one game of craps! Apparently the probability of winning this game is very close to 50%. In this article we will analyse this game by simulating it on the spreadsheet MS Excel. Of course, the simulation can be done on any spreadsheet such as LibreOffice Calc.

Item Type: Articles in APF Magazines
Authors: Ghosh, Jonaki B.
Document Language:
Language
English
Uncontrolled Keywords: Probability, gaming, craps, simulation
Subjects: Natural Sciences > Mathematics
Divisions: Azim Premji University > University Publications > At Right Angles
Full Text Status: Public
URI: http://publications.azimpremjifoundation.org/id/eprint/2139
Publisher URL:

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