June
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Here is a great example of the uses of math in gambling. If you aren't good at it, you will never win!
George has created a low-rent casino game based on flipping a coin. If the coin lands heads-up, the player wins the coin. If the coin lands tails-side up, the player loses the coin. The player has to make an ante bet in order to play. This ante bet is 10% of the size of the original bet. What is the house’s edge over the player in this situation?
Answer:
Half the time the casino wins a unit; the other half the time the player wins a unit. 100% of the time, the casino wins 10% of a unit. This makes the casino’s edge in this game exactly 10%.
Check out this article for more. https://www.gamblingsites.com/info/gambling-mathematics/
George has created a low-rent casino game based on flipping a coin. If the coin lands heads-up, the player wins the coin. If the coin lands tails-side up, the player loses the coin. The player has to make an ante bet in order to play. This ante bet is 10% of the size of the original bet. What is the house’s edge over the player in this situation?
Answer:
Half the time the casino wins a unit; the other half the time the player wins a unit. 100% of the time, the casino wins 10% of a unit. This makes the casino’s edge in this game exactly 10%.
Check out this article for more. https://www.gamblingsites.com/info/gambling-mathematics/