Casinos are not just about luck and chance; they are sophisticated businesses built on intricate mathematics designed to ensure profitability. While players hope to win big, the casino always comes out on top in the long run. This phenomenon is driven by statistical principles and probabilities that subtly tip the scales in favor of the house. Here’s a closer look at how casinos use math to secure their winnings. 1. Understanding the House Edge The house edge is the casino’s built-in mathematical advantage over players. It represents the average profit the casino expects to make from each game over time…
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