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Author Topic: Statisticians out of Vegas!
snopes
Return! Return! Return!


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Comment: I was curious about the veracity of the following claim:

A group of statisticians decided to hold a professional conference in Las
Vegas. A Vegas casino offered free hotel rooms to the conference
attendees, as it typically does for such events, figuring it would profit
from the gambling the attendees would do in the casino. However, none of
the statisticans did any gambling, because they are so familiar with the
odds. As a result, the casino never again offered free hotel stays for
statistician conferences.

Thanks if you can help!

(I don't really see how the casino would monitor the gambling habits of
all its hotel guests, so this rumor sounds suspicious to me, but I've
heard several people claim it to be true, so I was wondering if you could
settle it!)

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Towknie
We Three Blings


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4 out of 5 people surveyed responded that there is a 34% chance of this claim being true with a +-3% margin of error.

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Towknie: Ryda-certified as wonderful, enlighted, and rational.

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Troberg
Angels Wii Have Heard on High


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Even statisticians gamble for fun. They are not likely to put any large sums on the line, but they can still gamble.

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/Troberg

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Don Enrico
Happy Xmas (Warranty Is Over)


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quote:
Originally posted by snopes:
(I don't really see how the casino would monitor the gambling habits of
all its hotel guests, so this rumor sounds suspicious to me, ...)

When you buy gambling chips at the hotels casino, can you get them charged to your room? That would be a way of monitoring the gambling habits of your guests, at least to a extend.

Another way would be drinks from the casino's bar charged to the room.

I've never been to Vegas, so I don't know if that's possible.

Don Enrico

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My spelling is Wobbly. It's good spelling, but it Wobbles, and the letters get in the wrong places. - Pooh Bear

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Stoneage Dinosaur
We Wish You a Merry Giftmas


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Casino Comping is used to monitor how much a player gambles.

quote:
A player has an average wager of $100, gambles for eight hours and makes roughly 60 decisions per hour. A computer chip then multiplies the above figures by Blackjack’s win percentage, set at .0214, and crunches out a figure of $308.

That’s how much a player is worth to the casino because that’s likely how much he’ll lose playing Blackjack. Casinos then give back, in freebies, 10 to 30 per cent of the player’s value.

Note that it doesn't matter how much the player actually wins or loses, it's how much they are likely to lose.

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"You learn something new every day if you're not careful" - Wilf Lunn

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Don Enrico
Happy Xmas (Warranty Is Over)


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But that is to determine (or rather, estimate) how much a player gambles - e.g., what somebody does who already entered the casino in the first place. It doesn't help you (as the owner/manager of a hotel-casino-complex) to find out whether or not a guest in one of your rooms does gamble at all.

ETA: The best way to proof or debunk the claim in the OP would probably be to call different hotels in Vegas asking to make reservations for the Semi-Annual Meeting for People who Like statistical Experiments (SAMPLE)

Don Enrico

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My spelling is Wobbly. It's good spelling, but it Wobbles, and the letters get in the wrong places. - Pooh Bear

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pob14
Jingle Bell Hock


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I heard this one years ago about some computer-related conference.

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Patrick

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Deranged LunaTech
I'm Dreaming of a White Sale


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"There are lies, there are damn lies, and there are statistics"


Believe it or not, it was a Navy chaplain who used to wear that shirt....

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"Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing." --William James

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Methuselah
Happy Holly Days


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quote:
A group of statisticians decided to hold a professional conference in Las
Vegas. A Vegas casino offered free hotel rooms to the conference attendees, as it typically does for such events

When was this rumor started? I've attended and scheduled conferences in Las Vegas dozens of times since 1996. Neither I nor anyone in the conference has ever been given a free hotel room. We've been provided with very good rates (depending on the hotel), but never free.


quote:
However, none of the statisticans did any gambling, because they are so familiar with the odds. As a result, the casino never again offered free hotel stays for statistician conferences.
Hmmmm...even statisticians and actuaries enjoy games now and again. And anyone can get hooked on gambling. Just because you know the odds and understand them doesn't mean you believe that it is impossible to win...even to win big. Many people who are incredibly adept at math are habitual gamblers and gambling addicts.

quote:
(I don't really see how the casino would monitor the gambling habits of all its hotel guests, so this rumor sounds suspicious to me, but I've heard several people claim it to be true, so I was wondering if you could settle it!)
It can't necessarily track all the guests, but can track those who sign up for the players club.

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"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him." - G.K. Chesterton

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Rehcsif
We Three Blings


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From what I understand, the casios offer the convention space for free, not the rooms. The rooms may be discounted.

-Tim

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Elwood
Little Sales Drummer Boy


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When I was in Puerto Rico, some people from our group had figured out that they could "beat" the casino but slowly playing quarter slots for hours and taking advantage of the free drinks, spending considerably less than the drinks would have cost at the bar. Since the company paid for all we could drink before and during meals, I didn't see any point in drinking more than the 7 or so drinks a day I was already getting, but for the near-alcoholics, I guess it worked out okay.

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"If I didn't see it and didn't know it was a real news report, I wouldn't believe it. I mean, how nutty can you get?"-Pat Robertson Oct 26, 2006.

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Zamboni_Rodeo
Deck the Malls


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I was hoping to find an audio clip, but no luck. Still, this seems appropriate.

"Statistician's Blues" by Todd Snider:

They say 3 percent of the people use 5 to 6 percent of their brain
97 percent use 3 percent and the rest goes down the drain
I'll never know which one I am but I'll bet you my last dime
99 percent think with 3 percent 100 percent of the time

64 percent of all the world's statistics are made up right there on the spot
82.4 percent of people believe 'em whether they're accurate statistics or not
I don't know what you believe but I do know there's no doubt
I need another double shot of something 90 proof
I got too much to think about

Too much to think about
Too much to figure out
Stuck between hope and doubt
It's too much to think about

They say 92 percent of everything you learned in school was just bullshit you'll never need
84 percent of everything you got you bought to satisfy your greed
Because 90 percent of the world's population links possessions to success
Even though 80 percent of the wealthiest 1 percent of the population
Drinks to an alarming excess
More money, more stress

It's too much to think about
Too much to figure out
Stuck between hope and doubt
It's too much to think about
Pick it now

84 percent of all statisticians truly hate their jobs
They say the average bank robber lives within say about 20 miles of the bank that he robs
There's this little bank not far from here I've been watching now for a while
Lately all I can think about's how bad I wanna go out in style

And it's too much to think about
Too much to figure out
Stuck between hope and doubt
It's too much to think about
That's right
It's too much to think about
Amen
It's too much to think about


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Where's the challenge in wassailing at Christmas? The place is lousy with wassail!

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