Joe Rogan: Neil On How Casinos NEEDS Stupid People!!! Gambling & Basic Statistics

WATCH TO THE END!!! In this video Joe Rogan and Neil deGrasse Tyson on how casinos have build an whole industry around not so smart people that have no sense og basic stastitics and backs op his claims. And more!

Neil deGrasse Tyson is an astrophysicist, director of the Hayden Planetarium at the American Museum of Natural History, and host of “StarTalk Radio.” His newest book, “Starry Messenger: Cosmic Perspectives on Civilization,” is available now.

Joe Rogan Experience # 1904

Joe Rogan

Neil deGrasse Tyson

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42 thoughts on “Joe Rogan: Neil On How Casinos NEEDS Stupid People!!! Gambling & Basic Statistics”

  1. Lotteries are a way to make the poor pay taxes… unethical or whatever you like to call it, that's why it exists. Lower tax brackets play lotteries far more than people with better salaries, but also pay less income tax, but when you spend $50 each pay check on scratch offs the state doesn't care that they aren't taxing much from your check if you're a low income earner.

  2. Here's something to consider- the number of ways arrange the cards when you shuffle a 52-card deck is 8.1 x 10 to the 67th.

    To put that into some kind of perspective, there are "only" ~ 7.5 x 10 to the 17th grains of sand on Earth, or zooming out a bit, 1 x 10 to the 63rd grains of sand to fill a sphere with a diameter of two LIGHT YEARS across. Which means that every time you properly shuffle a SINGLE deck, you are almost certainly creating a combination of cards NEVER SEEN BEFORE. Casinos shuffle SIX to EIGHT decks of cards into a Blackjack shoe.

    I'll leave it to you to determine if your increased probability of winning by counting cards is statistically significant…

  3. What I find interesting is that Asians have a reputation of being good at math but Chinese especially gamble a lot. And gamblers are bad at math. Doesn’t add up.
    Obviously there is a status component. If you can lose 1 million in one night, you must be a high roller “whale” and super rich. It shows wealth, fearlessness, confidence, etc. and there is some primitive part of the brain it taps into.

  4. I've seen the same number hit three times in a row playing roulette. Luckily I did have money on it lol.
    Pit boss came over after the third one hit.

    The lottery gives a VERY small percentage to the location selling the tickets. ( A store selling a billion dollar Power Ball ticket ends up with about one million dollars.) & education gers little to nothing. The states use it as a poor people's tax.

  5. It's an accounting trick with giving money to education through the lottery. It reduces the money taken from other government funds that would be needed for education and the state funding towards education programs have almost all gone down when adjusted for inflation and population size after state lottery programs were started.

  6. Poor Neal it’s wrong, the lottery will ever make money, even if people understand probability, the lottery players have an idea how difficult it is to win it but they think “why not me this time” just if you think I don’t understand probability I’m an Engineer

  7. Dana White loves casinos. I give him credit for breaking his back to build the UFC, but if he didnt know the fertitas, he would be just another knucklehead gambling and losing at card tables.

  8. bill burr is right when he says Neil only talks science with dumb guys, first of all, 90% of people do not go to casinos to gamble for profit, its entertainment, its called adrenaline (pretty weird that he never mentioned that)

  9. I was taught in grade school. Dealt with flipping a quarter and how many time it lands on heads and percentage. After that, you think if there are more folks playing, more sides to a coin, the n more probably of fuck this odds. Risk assessment

  10. my only gripe is the State lottery. At least in my state, they call it the Education Lottery and say most profits go to the school system. Which is true. But what they don't tell you is say the State budgeted 50 million for schools (made up numbers), and the lotto brings in 40 mill. Then the state only gives 10 mill to the schools. So the school system doesn't benefit at all. You would think the tax payers would save that 40 mill then, but no. It gets absorbed into something else. To me thats wrong, they should maintain the state budget for the schools and use the lotto as additional proceeds but that doesn't happen.

  11. Why do people think the casino is a ripoff if I spend 200 bucks all night at the casino playing and having fun or I spend 200 bucks to take my girl to dinner for an hour what's the difference

  12. In the state of Michigan, the campaign for a proposal to permit a lottery was a promise that all proceeds would go towards K-12 education. After its passage, the state legislature immediately reduced the education budget commensurate with the lottery revenues

  13. Neil is wrong to some extent. Read the gambler by Dostoyevsky. Also, statistics was taught at my high school, directly and indirectly. Also, look at the problem of induction.

  14. I was never taught probability in high school 40 years ago. I learned it on my own by analyzing Stratomatic Football and Baseball…..and from the book that came with my TI-55(birthday problem)

    Here in PA, the lottery money goes to senior citizens (supposedly)

  15. Lottery is basically people investing a small amount of their money for a chance to get hit by a beneficial lightning. Hence why its a staple when it comes to betting because majority of people don't expect to win but just throw some pennies at a small possibility of a miracle.

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