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Your search returned 11 results

Listed under:  Mathematics  >  Statistics and probability  >  Probability
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One word changes it all

  • TLF-IDA003529

Exploring the meaning of 'and' and 'or' in probability.

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Lucky lottery

  • TLF-IDA003656

In this lesson, students play a simple lottery game, analyse their odds of winning and how this influences the decisions they made. Students determine the differences between experimental and mathematical probability, conduct a simulation modelling an event and critically evaluate the odds of winning the lottery. The lesson ...

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Sports betting

  • TLF-IDA003658

In this lesson students will take ownership of a gambling organisation. They will look at long term statistics of various sporting matches to set the initial odds and then monitor live betting to adjust the odds they are offering gamblers, in order to demonstrate how sports betting organisations guarantee they always make ...

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Prediction vs. reality

  • TLF-IDA003657

This lesson explores how we perceive randomness. Students toss coins and record their observations while half of the class fake their results. They will then explore the differences between the random results and fake results sets and investigate theoretical probabilities for large numbers of coin flips. The lesson is outlined ...

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Chances are!

  • TLF-IDA003523

Students calculate the sum of probabilities for a chance experiment and compare frequency predictions with actual data.

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Introduction to games of chance

  • TLF-IDA003641

This lesson explores how to predict outcomes of games of chance. Students investigate the concepts of luck, skill and fairness, using dice games. They calculate probabilities for one and two dice rolls and compare the odds for different combinations of dice in a variety of game scenarios. The lesson is outlined in detail ...

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Back to the books

  • TLF-IDA003653

In this lesson, students will explore how bookmakers set odds, and how these odds are carefully determined in order to guarantee the bookmaker the best chance of making a profit. Students learn how to convert between odds and probabilities and calculate the expected profit or loss based on odds. The lesson is outlined in ...

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The wide wide world of sports betting

  • TLF-IDA003660

This lesson explores the difference between perfectly predictable events (like the roll of a die) and less certain events (such as sports). Students investigate mathematically how sports bookmakers create odds to guarantee themselves a profit and pay gamblers less for a win than they deserve. The lesson is outlined in ...

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Come in spinner

  • TLF-IDA003528

Students recognise and describe variations in results and conduct a simple experiment with spinners.

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Poker machines (simulation)

  • TLF-IDA003654

This lesson explores how poker machines work and what is meant by the term Return to Player (RTP) percentage. Students run simulations to determine how small betting amounts can lead to a large cumulative loss over time and examine how reinvesting profits or wins from playing the poker machine back into the machine has ...

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Can you beat the system?

  • TLF-IDA003659

In this lesson, students calculate the average expected value of losses on a roulette wheel over time, and use these values to analyse the cost of gambling on these games. They also study the flaws inherent in betting systems to determine whether these systems are weighted in the favour of game operators making a profit. ...

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