QUOTE(Littlegirl @ Jul 24 2008, 06:38 AM) [snapback]3828471[/snapback]
really? how? sounds interesting..
lol ...okay my prof told us... that in casino, the game is fair which mean the rolling of the dice, the cards outcome, everything is fair.
the tricky part that is not fair is the betting.
the casino always set a limit amount you can bet and a minimum amount you have to place a bet to play.
so for example, if the minimum bet is 10, then the max limit amount is usually 500. otherewise if it's 20, then max limit is 1000. the reason casino does this is to prevent rich people from placing double bet.
for example without settting bet restriction, people can place a first bet of 10, they lose the 1st one, so then now they double to 20, lose again, double to 40, lose again, double to 80, so eventually they win and casino will go bankrupt. lol
so in order to make profit, casion always set limit with minimum and maximum bet and working with probability.
in a table of 8 players, most likely only 2 will end up winning while the other 6 lose. in this method, the probabability that casino winning ratio is 3:1. and calculating the winning percentage, casino is a 66% favorite while the players only have 33%. the last 1% is result from being lucky such as winning the lottery machine or whatever lottery they hold at the casino.
i've never been to casino but i watched movie.
maybe after learning this, i don't think i want to play at casino every. lol how about you lg? =p