Question

Casinos use odds in games to make profit. Do the odds in gambling favor the casinos...

Casinos use odds in games to make profit. Do the odds in gambling favor the casinos or the players? or both?

Does rolling dice or playing cards have greater odds?

Math   Statistics-And-Probability   
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Answer #1

The odds in gambling are designed such that both the casinos and the players are favored. The game cannot be designed in such a manner that it favors one of the two parties. Had it been so, the unfavored party would not even have showed interest in playing the game.

No matter what game you choose to play, the odds of the casino winning your money are greater than the odds of you winning the casino's money. That's because all casino games are designed to provide the house with a built-in edge, diminishing the chances and the size of potential payouts.

The odds depend on the game being designed using rolling dice or playing cards.

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