Online casino payments

Online casino payments

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Deviations of “frequency” from probability with a large number of tests, measured in thousands, become quite insignificant. The results of their experiments on throwing coins told the world of mathematics of the XVIII century. In one such experiment, the coat of arms fell 2028 times with a total number of throws of 4,000; when the number of throws reached 12,000, it turned out that the coat of arms appeared 6,019 times; finally, with the number of shots 24,000, the emblem fell 12012. The frequencies changed as follows: 0.507; 0.5016 and 0.5005.
However, one must clearly realize that this rapprochement of “frequency” with probability is only a general tendency. It may happen that the deviations from the probability for a smaller number of experiments will turn out to be the same or even smaller as the deviations for a large number of experiments. In general, these deviations from the limit laws of probability are also statistical in nature.
So for 6000 rates on average the situation will be as follows:
The player guesses 1/6 x 6000 = 1000 times and will receive 1000x $ 5 = $ 5000 $
The player loses 5/6 x6000 = 5000 times and the loss will be 5000 x 1 $ = 5000 $
That is, the amount of lost and won money on both sides will be the same. The number of outcomes may vary slightly, but only slightly. And the more tests the closer the value will be to the calculated one. As you can see, this game is absolutely equal. Of course, in several tests, a player can both win and lose. However, on average, everyone will remain “with their”. The amount of payment in this case is called “fair payment”
Let’s change a few rules – the payout ratio will be lowered from 1: 5 to 1: 4. The probability does not change.
Expected Player Win (G):
OB = Rate x B x Payout = $ 1 x 1/6 x (4 + 1) = $ 0.833
So for 6000 rates:
The player will guess 1/6 x 1000 = times and win 1000x 4 $ = 4000 $
The institution wins 5/6 x6000 = 5000 times and wins 5000 x 1 $ = 5000 $
As you can see, if a player puts in $ 6,000, he wins $ 4,000 and loses $ 5,000. The total loss of the player = winning places = 5000-4000 = $ 1000.