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Casino Math

Casino Math

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Published by ferroal

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Published by: ferroal on Sep 02, 2009
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05/11/2014

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Casino Mathematics
(How Casinos Make Money)
ProbabilitiesLaw of Large NumbersExpected Value / House AdvantageStandard DeviationConfidence LimitsThe Normal CurveGame Volatility / Volatility IndexTable Win/Loss ProbabilitiesSM Jackpot ProbabilitiesExit StrategiesGambler’s RuinRebates and Discounts (Marketing)
 
 
A casino is a mathematics palaceset up to separate players fromtheir money. Every bet made in acasino has been calibrated within afraction of its life to maximize profitwhile still giving the players theillusion that they have a chance.
Nicholas Pillegi
,
Casino (1995)
 
 
ADVANCES IN CASINO GAMING
 
 Table Game Slot MachinePlayer Rating SystemsSlot TrackingDynamic Reporting SystemsVirtual ReelsChipper ChampsTokenizationWinning Result DisplaysMulti-lineGamesCS, LIR and Super Bucks JackpotsFeature GamesE.S.S.Mystery JackpotsMadness 21InteractivityJackpotsAutomatic ShufflersBonusingMessagingAuto-pagingNote Acceptors

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