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The Mathematics of the Casino | What people get wrong about gambling

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The Mathematics of the Casino | What people get wrong about gambling

10 thoughts on “The Mathematics of the Casino | What people get wrong about gambling”

  2. Played 21 New Year's Eve. Young guy sitting next to me had at least $1000 in $25 dollar chips. Mentioned he looked successful. He said, "He loved to gamble". He proceeded to lose it all. He left and was VERY upset. Should have watched this piece. I came in with 300. Won several hands initially. It turned and I left with $200. Time to know when to leave.

  4. I have to adress a special thanks for the editor of this youtube channel, that was a revealing moment when I followed your interepretation the first time and that has consequences on my vision about risk and reward attribution. Absolutly MUST wathc for any mathematic passionate !

  5. OUR FAVORITE (Yes our favorite) statement from new players ( and some old players) is : YES But I win with the 7 & the 11 on the pass line and come bet- Oh Gee whiz. OK sit down and work out the "real math" of that statement: You have 8 ways to win on the come out roll with the 7 & 11. That is a very low 22.22% ( less than 25% or 1 in 4) VS 28 ways ( 77.77%) Over 75% that you will lose with the 2,3,&12 or roll a point number 4-10 that you now have to roll TWICE to win and only pays even money. That is a good bet?? Those are not very good odds for the pass/come bettor. 22.22% VS 77.77% This is known as "Casino math ( House edge) VS Real math ( ROI). Any questions? Enjoy the show!!! Casino Math VS Real Math. 🤔☯ "All This house edge is Crap with a Capital C in Craps" From the show on Y.B "Casino Math ( House edge) VS Real math ( ROI $$) .

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