Vegas calculations

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Possible Answers: Odds.

Last seen on: –USA Today Crossword – Dec 10 2019
Daily Celebrity Crossword – 3/2/18 Sports Fan


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Random information on the term “Odds”:

The bean machine, also known as the quincunx or Galton board, is a device invented by Sir Francis Galton to demonstrate the central limit theorem, in particular that the normal distribution is approximate to the binomial distribution. Among its applications, it afforded insight into regression to the mean or “regression to mediocrity”.

The machine consists of a vertical board with interleaved rows of pins. Balls are dropped from the top, and bounce either left or right as they hit the pins. Eventually, they are collected into one-ball-wide bins at the bottom. The height of ball columns accumulated in the bins will eventually approximate a bell curve.

Overlaying Pascal’s triangle onto the pins shows the number of different paths that can be taken to get to each bin.

Large-scale working models of this device can be seen in the Mathematica: A World of Numbers… and Beyond exhibits permanently on view at the Boston Museum of Science or the New York Hall of Science and in the lobby of Index Fund Advisors in Irvine, California.

Odds on Wikipedia