5 ms·
True. However reducing the house edge to 0 would mean that they can play until infinity without loosing money on average.
by fastbetshenry 10y ago
True. However reducing the house edge to 0 would mean that they can play until infinity without loosing money on average.
- mikeash 10y agoBut then who would bother running a casino? You can maybe approach zero, but not achieve it. Edit: also, I'm not sure if that's quite true. The possibility of going bust introduces an asymmetry that makes your long term expected value lower.