Re: Casino Odds
Would the casino still be profitable? Yes, there are droves of morons out there.
What is the risk? A smart player will of course profit from this.
Example: For simplicity lets pick a game with even payout, say roulette, single zero, HA 2.7%
Smart gambler walks in with $1000, places everything on black.
He wins 18/37 times, and when he does, his profit is $1100. In the long run, this nets him $535.13
He loses 19/37 times, and when he does his loss is only $750. In the long run, this nets him -$385.13
So his EV for this spin is $150.
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