How to be a Winner: The maths of race fixing and money laundering lecture

oiltanker

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...How does maths shed light on the fixing of horse races? Why disabling the favourite is the best strategy to ensure a winning return. We will find the simple condition that the odds must obey in order that you can always have a winning return no matter what the outcome of the race. How this knowledge seems to have been used by criminal organisations to launder money. How to ensure a game is fair even though the gaming device is not. The remarkable counter-intuitive 3-box problem first used on a German TV game show....Professor John D Barrow FRS

gresham college lecture given 03/03/2009

the video starts of with a bit of history of probability, coin tossing, random sequence, winning and losing streaks etc

there is also text version of talk.

Gresham College | Lectures and Events
 
Gresham college lectures are great, a bloody useful resource not many people know about, anyone who lives in London should go to at least one :)
 
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