Two fun and profitable games were created for the amusement of students and teachers alike. See below for a summary of the day. We hope to see you next year.
The Mathematics of Chance
The Mathematicians in MYP3 have recently held the first ever Casino at PIADS.
MYP1, MYP2 and teachers joined us to "have a flutter" and try their luck with our PIADS Bucks. It was a fantastic mathematical experiment.
The games made large profits - hundreds of Bucks for Bullseye and thousands of Bucks for Pop Mania. They made that money in only 30 minutes!
How did they do it? The wonderful world of Mathematics, some clever psychology (to make customers feel like winners), visual art and design technology skills to make their games look great. Even if people felt like winners on the day, and many did, the games made the most money by far.
Calculating probabilities, converting them to odds and then adjusting those odds to favour the house is how profit is made in casinos everywhere. They are rigged and the odds are never fair, but that's no secret.
When you join MYP3 you can learn about the mathematics of chance and build your own casino. If you can’t wait, ask an MYP3 to explain it to you.
Why does the house always win? Mathematics.
Our Area of Interaction Focus was Health and Social Education.
- Looking after ourselves: Being aware of the differences between games of skill and games of chance.
- Understanding ourselves: How games of chance make us feel.
- Ourselves in the wider society: How gambling can affect society.
Our MYP3 students will never be fooled by games of chance. They understand how customers are manipulated into playing again and again and why some governments regulate gambling.
See you at the next casino - more games, longer opening times.
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