ORDER YOUR PAPER AND GET QUALITY FOR YOUR MONEY
https://gaming.library.unlv.edu/casinomath.htmlThe “Gaming” or Gambling IndustryRead this short article written by the UNLV Center for Gaming Research, and then answer the following 5 questions on a separate document and upload it below.https://gaming.unlv.edu/casinomath.html(Links to an external site.)Skip these technical sections: Confusion about win rate, Volatility and RiskWrite short responses on a SEPARATE DOCUMENT to the following 5 questions, and UPLOAD THE DOCUMENT BELOW:Give the quote from Nico Zographos from Monte Carlo in the 1920’s.Explain in a few sentences PLAYER VALUE.Describe one of the historical examples of a CASINO PRICING MISTAKE.List the HOUSE ADVANTAGE for:SLOTS:ROULETTE:CRAPS:BLACKJACK:If you bet money on sports, or if you bet money playing poker with friends, you have an actual chance of winning in the long run (if you study the sport carefully or poker carefully). But betting money at the casino is completely different because it is a guaranteed loss in the long run (the casino has a “house advantage” on every game).If someone told you that you could play a game with them in which in the long run you would win 48% of the time and they would win 52% of the time, and each time you play the bet is $20, would you play the game with them several times? How is this similar to betting money on a casino game? And how is this different than betting on sports or poker with your friends? Explain in a 2 or 3 sentences.
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