>Einar,
>
>> I would play the game even if the odds are against me.
>I would play if someone gave me 4-1 odds.
>
>> I still gamble even if I have taken 4 university level statistics classes
>> and should know better.
>This type of problem is not typically covered in statistics classes as it pertain to probability

I had them as a two semester class - one probability, one statistics.

One thing I learned for sure is that "probability is a science, while statistics is a method".