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Casinos are quite profitable, yet they have no idea if the next card being drawn will be profitable or cost them thousands of dollars.
by icebraining 7y ago
Casinos are quite profitable, yet they have no idea if the next card being drawn will be profitable or cost them thousands of dollars.
- unreal37 7y agoI think every owner of a casino knows there is luck involved in their profits, and that the odds are stacked slightly in their favor. I don't think any owner of a business thinks that there is luck involved in creation of their software systems. They absolutely look at the $10 million per year they are spending on "IT" and look at the $26 million per year in value that spending is unlocking in absolute dollar terms.
- commandlinefan 7y ago> thinks that there is luck You mean "realizes there is luck". And hence the problem.
- andrey_utkin 7y agoI'm sure they have very good idea. Statistics, game processes design, everything is engineered towards stable and predictable profits.
- pluto9 7y agoBut they know that the sum of all cards drawn will be profitable, because their practices guarantee it. Normal businesses cannot guarantee that the sum of all their projects will be profitable.