If a gambler and the casino keep going forever, how come the casino is always the winner?
In: Mathematics
It’s all about what the casino nets at the end of the day. For every winner, there are hundreds of people that lose because of the nature of the games they are playing. Even having to pay out thousands to a winner, you’ve already made that much in just 5 or 10 minutes of other people playing and losing around the casino.
For games that don’t revolve completely around luck, like poker, the house just takes a portion of each winning pot at the end of the hand. This is called a “rake”.
So, the house always wins because at the end of the day, a casino is structured around games and their rules that will statistically always net them a profit… well, as long as people are playing the games anyway.
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