The casino game has been popular for more than hundreds of years. Before the first American casino opened, games of chance were commonly played by European nobles. While they were very lucrative, they were also very dangerous because they involved a lot of risk, such as losing one’s life and even one’s arm! Thus, these games gained a bad reputation in the beginning and were often considered to be only for the rich.
In recent times, however, the blackjack, roulette and other casino games have gained a lot of popularity in America. Today, you can find them in almost all the major cities across the country, and even in some smaller cities. But the one thing that’s changed is the type of people playing them. Whereas in the past, casino goers were predominantly middle class, nowadays, they are mostly middle class or upper middle class professionals who are interested in making quick money. Thus, the casinos have responded to the changing needs of customers by developing more sophisticated types of gambling machines.
One of the latest innovations in the casino game is the use of what is called a “standard deviation”. Standard deviation is a way of calculating the probability that an outcome will occur even if the player is not actually taking a single hit during the entire game. For instance, a player who bets out forty dollars on a single jackpot game and wins it on the third strike will have won three out of four bets, assuming that he strikes the jackpot game three out of four times. By using a standard deviation, we can calculate the probability that the number of times the player will hit the jackpot is going to be even. In essence, this is the same thing that a “house edge” is supposed to be – a way of protecting ourselves from the risk of losing money when we play.
The casino staff, as well as the random number generator, use a certain statistical formula to simulate the casino environment in its entirety before a person starts to place bets. This way, we can be sure that casino games, whatever their structure, will follow a random number generator and are likely to come up with a result independent of human intervention. However, we should emphasize that the simulation of a casino setting involves a lot of human interaction. This means that no casino can follow the Standard deviation formula used for the random number games.
Of course, the house advantage is not the only thing that causes us to lose more in casino games than we would gain. The number of people who end up losing their money in casino games is far larger than those who win. This is because, as already mentioned, the random number generator and the house advantage take some time to converge. For instance, if a person enters the casino with a pre-determined number of chips and wins two out of three chips, he would have a two percent house advantage. This means that, on average, it will take one out of every three sessions before the house edge becomes equal to or exceeds one percent.
In summary, we can say that casino games are not purely random, but they do follow a very basic random number generator. This generator produces a consistent set of results and this is what results in the House Edge. Card counting machines and other such random number generators cannot help you beat the house advantage in any casino game. Only your skills can make you a winner in roulette, blackjack or poker.
