Games of Chance and Winning Wagers

S1 E2: Turn now to games that rely heavily on chance and betting, such as roulette and craps, and learn how to evaluate the fairness (or unfairness) of games using the ever-important concept of expected value. Once you know if a game is to your advantage or not, you can use the Kelly criterion or the Gambler's Ruin formula to help you decide your best wagering strategies.