If a gambler and the casino keep going forever, how come the casino is always the winner?
In: Mathematics
The odds are set that way.
Look at roulette, there are the numbers 1 to 36, and a 0 and 00. Which is 38 numbers (or 37 if there’s only one 0). But the payout is still based on the 1:36 as if the 0’s weren’t there.
So you have a 1:38 chance to win a 35:1 payout. That is, of course, not equal. It favors the house.
That’s why the house always wins.
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