"The Mathematics of Games and Gambling" refers to the application of mathematical principles and techniques to analyze, design, and understand games of chance and skill, as well as gambling systems. This field encompasses various mathematical concepts, including probability theory, statistics, combinatorics, and game theory, to evaluate strategies, outcomes, and odds associated with different games. ### Key Components: 1. **Probability Theory**: - Central to understanding games and gambling, probability helps in assessing the likelihood of various outcomes.

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