Luck of the Draw!

Posted by admin on February 8, 2010

Four card-playing friends including Owen Williams were amazed after picking up identical straight run hands in a bizarre 61 billion-to-one fluke.

Each player found he had a run of cards from an ace through to the 10, completed by a jack, queen and king flourish.

bilion to one card game

Ieuan Griffiths, Meirion Hopkins, Mike Harwood and Owen Williams found they had matching 13-card runs while playing Crash at the at Brynamman Industrial Club, South Wales

The freak outcome happened last week as Owen Williams, Meirion Hopkins, Ieuan Griffiths and Mike Harwood sat down to play at Brynamman Industrial Club near Ammanford, South Wales.

They were so intrigued by their fortune that they called Cardiff School of Mathematics to find out what the odds on their incredible hands were.

Lecturer Rhyd Lewis astonished them further by calculating the odds at 61,204,166,001 to one.

‘I was just amazed when I sorted my cards and I realised what I had,’ said Mr Williams, 63, a commercial finance broker.

‘It was the first deal of the evening and I was the first one to finish sorting my cards.

‘A run through takes the kitty – so I thought I’d won £1.65.’

But as the other players sorted their own hands, each found he had an identical mixed suit run.

The friends were so amazed at the outcome they called over other club members to witness the four hands.

Mr Owen insisted the group had been playing with a ‘well-used pack of cards which were cut and shuffled in the normal way’, before being dealt.

He added: ‘If you wanted to get this outcome on purpose I would have thought that it would be impossible.’

Mr Lewis said: ‘The probability of this occurring in a single deal is 0.000000000016339. In other words the odds are around 1 in 61,204,166,001.

‘Given that the odds of winning the lottery are around 1 in 16 million, this demonstrates that it is a very unlikely event.’

Despite the unlikely outcome, he calculates that an identical deal should happen somewhere in the world about once every year.

The calculation is based on the estimate of 10 million people playing cards around the world every day, with each game requiring 10 deals.

That means 36,500,000,000 deals take place each year.

MARKET UPDATE

Posted by admin on February 1, 2010

WHATS HAPPENING IN THE COMMERCIAL MORTAGE MARKET

We are now advised that the recession is officially over and in December 09, valuation instructions showed a 100% increase on December 08, confirming that the property market is moving forward.

With interest rates remaining low and realistic asking prices, it is a very good time to purchase commercial property for own use or for investment purposes.

There are some new lenders in the market and some of the existing lenders are now showing a willingness to lend, which is always subject to the applicants ability to service the loan.

Owen Williams, Proprietor.

LOOKING FOR COMMERCIAL FINANCE?

Posted by admin on March 28, 2009

YOU’RE IN THE RIGHT PLACE!

CBMS provides financial solutions that include commercial mortgages for all types of property, buy-to-let mortgages, hire purchase & leasing, factoring & invoice discounting, bridging, development finance and business banking.

CBMS provide a FREE initial assessment.

To obtain your FREE quotation:

EITHER:  Download (pdf) and return the Fast Track Proposal Form.

OR: Complete our online eForm … HERE

Only when we are satisfied that we can provide a solution, will a modest administration fee be levied. We will also then agree a success fee with the client in writing. This fee is calculated upon the facility secured and is only payable on our provision of a formal offer from a lender.

Due to our ‘NACFB’ connection, CBMS normally enjoy preferential rates and terms from Lenders and our clients will often benefit from a reduction in their overall costs.

If a funding solution is required in the sectors below, we can probably help you so ACT NOW and :
Contact us today on Tel: 01269 822709 | Mob:07967 186851

Agricultural Properties
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