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But the house needs enough money to keep playing to even out the random fluctuations over time to make it to that expected value. For example, a craps table ha
by cbanek 8y ago
But the house needs enough money to keep playing to even out the random fluctuations over time to make it to that expected value.
For example, a craps table has a negative expected value for the players, and positive expected value for the house. But on a winning streak (these streaks are fairly common, just like losing streaks) the table might lose money if you look at the period of a few hours.
- basementcat 8y agoThat is why casinos have insurance policies. Sometimes they do not accept bets beyond a certain size. https://www.distinguished.com/Site/programs/hospitality-and-restaurants/hotel-casinos-and-gaming/ https://www.distinguished.com/Site/programs/hospitality-and-...
- blackflame7000 8y agoPot-Size limits don't impact hot or cold streaks.
- slededit 8y agoThey can ask you to leave at any time.
- hindsightRegret 8y agoTrue, but it does impact how probabilistically unlikely the hot streak needs to be to default the house.