If a gambler and the casino keep going forever, how come the casino is always the winner?
In: Mathematics
The term “the house always wins” doesn’t mean it wins EVERY hand or game every time it’s plays. What it means is that it has a slight statistical edge every time someone plays.
Becuase the house plays hundreds of hands per minute or second, they will ALWAYS come out on top to due to the law of large numbers.
So for a single individual, what that means is the longer or more times that person plays, the greater the chance of that person loses overall.
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