Rosie Ulrich

Using Banqer to teach probability

I have recently used Banqer to teach the class about probability. We played a range of chance games using coins and dice and once the students understood their chances of success versus failure we used counters to bet with. After a couple of rounds using counters we decided to use our Banqer money to bet with!! I made sure it was controlled so no one way betting away all their savings (only small amounts). Students loved the risk of betting their own money and we talked a lot about those that were prepared to take the risk and those that bet only the minimum or nothing. This was also then used to talk about the risk levels of the Kiwisaver module. One student changed his risk to high straight away and came to school the next morning telling me how much more he had earned because of it.