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Old 08-04-2007   #2
Mr Sceptic
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There is no such thing as the law of averages.All casino games are weighted in favour of the casino.Take a simple case - roulette - red or black bet pays out at evens - this suggests that the of red or black probability should be 0.5.But wait, what's that? It's the green zero. So the probability of red coming up is slightly less than 0.5 (it's 18/37 = 0.486).That difference means that in the long run you can never win.All events in casino games are chance ones. All payouts are at slightly less than they should be if payouts were determined solely by the probabitity of the event. This means that the casino will always win in the long run, and that the punter never can.