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A casino makes its money on the house edge which is for example for European Roulette 1/37. If you win on a single bet you get 36 times in winning. But you do h
by EastLondonCoder 7y ago
A casino makes its money on the house edge which is for example for European Roulette 1/37. If you win on a single bet you get 36 times in winning. But you do have the number 0..36 on the wheel so 37 numbers. If you are good at counting cards the casino will have a negative edge and if all customers would be doing that it would lose money over time.
- vmh1928 7y agoInteresting story about a group of UC Santa Cruz students using slight tilts in roulette wheels which increased the probability of the ball falling in specific sectors the wheel. http://physics.ucsc.edu/people/eudaemons/eudaemons.html http://physics.ucsc.edu/people/eudaemons/eudaemons.html Or see the 1985 book, The Eudaemonic Pie