thor on Nostr: one thing that surprised me to learn about casinos: it's absolutely fine to let ...
one thing that surprised me to learn about casinos: it's absolutely fine to let people win back 99% of their money on average, because if that is indeed the average across all customers, that still leaves the casino with 1% on average. games can be chosen or designed so the odds are always *slightly* in favour of the casino over time, even with the occasional customer winning a big jackpot. if you were setting up a new casino with no prior experience, you'd need to tweak the games a bit to get the balance right, depending on the behaviour patterns of your clientele, but that's just a matter fine tuning and monitoring the accounting sheets for feedback to make sure you're at a sufficient profit margin.
Published at
2023-03-06 06:34:21Event JSON
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"content": "one thing that surprised me to learn about casinos: it's absolutely fine to let people win back 99% of their money on average, because if that is indeed the average across all customers, that still leaves the casino with 1% on average. games can be chosen or designed so the odds are always *slightly* in favour of the casino over time, even with the occasional customer winning a big jackpot. if you were setting up a new casino with no prior experience, you'd need to tweak the games a bit to get the balance right, depending on the behaviour patterns of your clientele, but that's just a matter fine tuning and monitoring the accounting sheets for feedback to make sure you're at a sufficient profit margin.",
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