Tag: Python

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04 August 2019 / / Python / Monte Carlo Simulations / Roulette
Following on from my previous post surveying some of the concepts underpinning statistics and probability, I thought it might be interesting to apply some Monte Carlo simulations to Roulette, as a means of consolidating some of the topics covered. Suppose we have a friend, named Adam, who wants to visit a casino, in either Las Vegas or Monte Carlo this weekend. He intends to gamble but is equipped with nothing other than a burning hole in his wallet and a keen desire ‘to beat the house’.