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The science of the casino: why the house always wins in the long run
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The science of the casino: why the house always wins in the long run
by Milad Haghani, The University of Melbourne You’ve probably heard the phrase “the house always wins” when it comes to casino gambling. But what does it actually mean? After all, people do hit jackpots, and casino games are supposed to be fair – so what guarantees the casino still comes out ahead? The answer lies in a simple but powerful mathematical idea called “the house edge”: a small, systematic statistical advantage built into every casino…
·Pittsburgh, United States
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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