RE: It's A Quote
December 3, 2021 at 6:44 pm
(This post was last modified: December 3, 2021 at 6:47 pm by Oldandeasilyconfused.)
(December 3, 2021 at 5:58 pm)Fireball Wrote:(December 3, 2021 at 5:06 pm)Oldandeasilyconfused Wrote: First time I heard that quote I was actually studying statistics.
He told as an anecdote something like :" In the city of Glasgow , ministers of The Church Of Scotland recently received a 10% rise. For the same period, local police have advised that arrests for solicitation went up 17%"
Same teacher gave this advice " Never play poker with a statistician". Have never played enough poker to verify that claim.
I don't play poker because I DO know the odds, and am shit at bluffing. Plus, money is hard enough to come by to take a chance on losing it in a game of chance.
I was about 12 when I realised gambling's a mug's game, unless you are the bank. I was taught the raw odds, and promptly forgot them . The stats teacher was talking about the odds on a hand, going by what's been dealt. It's essentially card counting and you need to be very mentally nimble.
My mother told me never gamble more than you can afford to lose. Same with investments. She was right.
Stopped buying National Lottery tickets (XLotto) about 30 years go. I saw it for what it is; a sneaky way to tax the poor.
Last time I played poker was 1967, with friends. Penny ante. I won $2.50.