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Free probability and EV test
10 questions in 10 minutes: dice, cards, expected value, odds and a simple market.
10
Questions
10
Minutes
4
Skills
- Give probabilities as a fraction or a decimal.
- Money answers in pounds: −0.5 for a 50p loss.
- Every answer is worked through at the end.
What the probability rounds test
- Counting outcomes quickly, without listing them all.
- Conditional probability: what changes once you know something.
- Expected value: the fair price of a game.
- Odds, bets and quoting a market around fair value.