How do casinos ultimately make...

it's about probability.

imagine I have a dice, and I offer you a $1 bet. if you roll your number, I pay you $5.

lets assume this is a fair dice, so on average each number comes up as frequently as each other.

what this means is that theoretically, if you place six bets, you will win once and take the $5 prize. but you will have bet $6. so I will be up $1.

this is how gambling works as a business but with actual dice instead of theoretical ones.

it is always possible that on any one bet you will win and take my money.

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Modificato da Barbentura il 18/08/2023 06:25:38

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The casino earns money by giving you wins that are less than the odds required to break even on a game. For instance, the casino would eventually turn a profit if it forced you to wager $110 in order to win $100 on a coin flip. Each time, they would lose $100. You should try play dumb ways to die
 

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