LibraryRisk and money management · 2003

A Guide to Casino Mathematics

Robert C. Hannum

How casinos make money: house advantage, volatility and the law of large numbers, explained plainly.

Free downloadPDF · 46 KB · 12 pages

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Same file and address as always, so old links keep working.

Summary

A non-technical guide to the math behind casino games: house advantage, win rates, volatility and why a small edge repeated many times becomes a certain profit.

Source

Title
A Guide to Casino Mathematics
Author
Robert C. Hannum
Year
2003
Published by
UNLV Gaming Studies Research Center
Length
12 pages
File
PDF · 46 KB

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