What is the probability of winning at craps?
In five-card draw poker, what is the probability of getting three of a kind?
Before the 2003 Super Bowl, Oakland was favored by 3 points. What was the probability that Tampa Bay would beat Oakland?
Going into the 2003 NCAA men’s basketball Final Four, what was the probability of each team winning the tournament?
Gambling and following sporting events are popular pastimes. I think gambling and sports are exciting because you never know what’s going to happen. Monte Carlo simulation provides a powerful tool that can be used to estimate gambling and sporting event probabilities. Essentially, we estimate probability by playing out ...