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They do not have a legally mandated rate, they have a legally mandated expected value and there are strong statistical tests done of the RNGs. Source: have wor
by seanhunter 3y ago
They do not have a legally mandated rate, they have a legally mandated expected value and there are strong statistical tests done of the RNGs.
Source: have worked with a situation which required me analyzing the process of getting betting software through regulatory approval.
Edit to add: Here's the relevant regulations in Nevada. https://gaming.nv.gov/modules/showdocument.aspx?documentid=4548 https://gaming.nv.gov/modules/showdocument.aspx?documentid=4...
The thing to search for in the regulations is the "Theoretical hold percentage", which is the expectation for the house expressed as a percent. The fact that they call it "theoretical" is probably enough to demonstrate that it isn't a mandated rate, but the theoretical average rate.