How does the house always win?

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If a gambler and the casino keep going forever, how come the casino is always the winner?

In: Mathematics

42 Answers

Anonymous 0 Comments

The simplest example is a Roulette wheel. It has black, red, and two green squares. The chance of a person winning is only ever slightly less than 50%. Sure your gamblers will win sometimes, but over the long term, the house will win just enough to keep a stable income. Every casino game is designed this way. No matter how much they pay out, it will never be more than how much they collect from player losses.

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