Big Casino Jackpots

Casino is the place authorized and organized for the conduct of games of chance. There is a handler that provides customers various games, more or less random, which allow players to win money. Basically the game in the casino is honest. A raffle is defined mathematically honest when the payoff corresponds to the reciprocal value of the probability of winning.

For example, the roulette wheel has 37 numbers which can exit, from 0 to 36. Pointing a number, the probability of winning is 1-37, so the prize in the conditions of fair play should be 37 times your bet. In this case, the casinos do not ever earn a penny, so the prize is not 37 times, but 36 times. So, in the long term, given the law of large numbers, the casino earns a thirty-seventh of all bets on roulette, or about 3%. The same goes for the other games, such as slots are programmed to return to the players about 97% of the total amount played by all.

And how are the players in this deal, It 's simple, a little' more than half lost and a little 'less than half wins, given the approximately 3% that the casino holds for the service it offers. This is the same thing that happens in all games competitions, where the majority and the minority loses wins: it is a way to redistribute wealth among the people.

The huge difference compared to the other games with prizes organized by the state is that almost the entire chapter is redistributed played, while in the various lotteries in Lotto and Scratch in a substantial part of the capital invested by the players goes into the pockets of the state and is redistributed often less than half of what was played.

While the "dishonesty" of the casinos is justified by the need to cover the expenses incurred to organize the game, most "dishonesty" of the game state is justified by the humanitarian grounds, as most of the Introit goes to humanitarian organizations, at least so they say.

Copyright @ 2013. All Rights Reserved | Privacy Policy