I laughed out loud when he said this. I take for granted how much gambling knowledge I have (especially since I generally think gambling is stupid), but I thought everyone knew about Monte Carlo.

I'm going to have to look up Las Vegas algorithms though, this is the first I've heard of them. Course, it's been a while since I've broadly looked at the current state of probabilistic algorithms. Makes me think it might be time to step back and look at some more general theory, especially since some recent DSP work led me to look into particle filters in an attempt to estimate a pair of rotating phasors.