The natural logarithm of a number is its logarithm to the base of the mathematical constant e, which is an irrational and transcendental number approximately equal to 2.718281828459. The natural logarithm of x is generally written as ln x, logex, or sometimes, if the base e is implicit, simply log x. Parentheses are sometimes added for clarity, giving ln(x), loge(x), or log(x). This is done particularly when the argument to the logarithm is not a single symbol, so as to prevent ambiguity.
Fixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. These odds reflect the likelihood of a particular outcome occurring. If the bettor's prediction is correct, they receive a payout based on the fixed odds. This means that the potential winnings are known at the time of placing the bet, regardless of any changes in the odds leading up to the event.
In probability theory, odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics.
In probability theory and statistics, the hypergeometric distribution is a discrete probability distribution that describes the probability of successes in draws, without replacement, from a finite population of size that contains exactly objects with that feature, wherein each draw is either a success or a failure. In contrast, the binomial distribution describes the probability of successes in draws with replacement.
The sum of the reciprocals of all prime numbers diverges; that is:
Vigorish is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit. The term came to English usage via Yiddish slang, which was itself a loanword from Ukrainian or Russian.
In gambling, a Dutch book or lock is a set of odds and bets, established by the bookmaker, that ensures that the bookmaker will profit—at the expense of the gamblers—regardless of the outcome of the event on which the gamblers bet. It is associated with probabilities implied by the odds not being coherent.
A fraction represents a part of a whole or, more generally, any number of equal parts. When spoken in everyday English, a fraction describes how many parts of a certain size there are, for example, one-half, eight-fifths, three-quarters. A common, vulgar, or simple fraction consists of a numerator, displayed above a line, and a non-zero denominator, displayed below that line. Numerators and denominators are also used in fractions that are not common, including compound fractions, complex fractions, and mixed numerals.
Prosthaphaeresis was an algorithm used in the late 16th century and early 17th century for approximate multiplication and division using formulas from trigonometry. For the 25 years preceding the invention of the logarithm in 1614, it was the only known generally applicable way of approximating products quickly. Its name comes from the Greek prosthesis (πρόσθεσις) and aphaeresis (ἀφαίρεσις), meaning addition and subtraction, two steps in the process.
In mathematics, Apéry's constant is the sum of the reciprocals of the positive cubes. That is, it is defined as the number
Betting arbitrage is an example of arbitrage arising on betting markets due to either bookmakers' differing opinions on event outcomes or errors. When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome. Mathematically, arbitrage occurs when there are a set of odds, which represent all mutually exclusive outcomes that cover all state space possibilities of an event, whose implied probabilities add up to less than 1.
In statistics, a standard normal table, also called the unit normal table or Z table, is a mathematical table for the values of Φ, the cumulative distribution function of the normal distribution. It is used to find the probability that a statistic is observed below, above, or between values on the standard normal distribution, and by extension, any normal distribution. Since probability tables cannot be printed for every normal distribution, as there are an infinite variety of normal distributions, it is common practice to convert a normal to a standard normal and then use the standard normal table to find probabilities.
A decimal representation of a non-negative real number r is its expression as a sequence of symbols consisting of decimal digits traditionally written with a single separator:
Approximations for the mathematical constant pi in the history of mathematics reached an accuracy within 0.04% of the true value before the beginning of the Common Era. In Chinese mathematics, this was improved to approximations correct to what corresponds to about seven decimal digits by the 5th century.
In mathematics, Midy's theorem, named after French mathematician E. Midy, is a statement about the decimal expansion of fractions a/p where p is a prime and a/p has a repeating decimal expansion with an even period. If the period of the decimal representation of a/p is 2n, so that
This is a summary of differentiation rules, that is, rules for computing the derivative of a function in calculus.
A repeating decimal or recurring decimal is decimal representation of a number whose digits are periodic and the infinitely repeated portion is not zero. It can be shown that a number is rational if and only if its decimal representation is repeating or terminating. For example, the decimal representation of 1/3 becomes periodic just after the decimal point, repeating the single digit "3" forever, i.e. 0.333.... A more complicated example is 3227/555, whose decimal becomes periodic at the second digit following the decimal point and then repeats the sequence "144" forever, i.e. 5.8144144144.... At present, there is no single universally accepted notation or phrasing for repeating decimals. Another example of this is 593/53, which becomes periodic after the decimal point, repeating the 13-digit pattern "1886792452830" forever, i.e. 11.18867924528301886792452830....
In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'.
Advantage gambling, or advantage play, refers to legal methods used to gain an advantage while gambling, in contrast to cheating. The term usually refers to house-banked casino games, but can also refer to games played against other players, such as poker. Someone who practises advantage gambling is often referred to as an advantage player, or AP. Unlike cheating, which is by definition illegal, advantage play exploits innate characteristics of a particular game to give the player an advantage relative to the house or other players. While not illegal, advantage play is often discouraged and some advantage players may be banned by certain casinos.
A mathematical constant is a key number whose value is fixed by an unambiguous definition, often referred to by a special symbol, or by mathematicians' names to facilitate using it across multiple mathematical problems. Constants arise in many areas of mathematics, with constants such as e and π occurring in such diverse contexts as geometry, number theory, statistics, and calculus.
