Casino house always wins survivor winners at war

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The House Always Wins -Early Draft

The house always wins. Sure, you might win in the short term, but if you gamble for an extended period of time you will lose money. Think about it.. how would people be able to build multi million dollar casinos in Las Vegas unless they made profits, huge profits. No matter what game you play in a casino you lose money if you play long enough. So, why do people play if they know they will lose..

Essential Questions:

-Why do people play games when statistically they will lose?

-How can you design a casino game that will raise money for charity?

Deliverables:

-A game that has a house edge, but is fun to play for the players

-A poster that explains how to play your game

-Play analysis from exhibition night including

Exhibition Night Fundraiser

-Money raised goes to charity

Texas Hold Em Extra Credit Game (between 8.4 and 13.4 percent house edge):

-Each student wagers 5 test points to enter the tournament

-1st = 16.7% of total (25 points if 30 people play!)

-3rd = 10% of total

-9th-10th = 3.3% of the total

Example Test Questions

-You are playing single deck blackjack and have 16. The dealer is showing a Jack. What percentage chance to you have of busting if you take only one more card? Explain why.

-Your hole cards are 8 of hearts and Ace of hearts. The flop was 4 of hearts, 8 of clubs, and King of diamonds. What is your percentage chance of getting your flush?

-What percentage of the time will you win if you bet Red on Roulette?

-What are your odds of flipping a coin heads five times in a row?

Probability Tree: http://www.youtube.com/watch?v=mkDzmI7YOx0

Probability Games: http://www.transum.org/software/sw/starter_of_the_day/Similar.asp?ID_Topic=30

52 cards, how many combinations?

Casino House Always Wins Prizes

English[edit]

News The House Always Wins—Except When It Loses Its Trade Secrets: Casinos Point to Litigation Trend The case appears to bolster predictions of a coming boom in trade secret litigation in light. The odds are 12 to 1 against you, but the house only pays 11 to 1. This is how the casino wins even when you win. Another way to say it is: 'When you lose the house wins, when you win the house also wins.' Still, craps is a fun and exciting game. I know what you're thinking. A Fallout: New Vegas rap? Not another trending indie horror game? Well when Ninethie Music issued his Fallout Faction Rap.

Casino House Always Wins Publishers Clearing House

Proverb[edit]

In a casino, all gambling is designed so that the house (i.e. the casino owners) will always net a profit, regardless of the successes of the patrons
Don't go to that casino. All their games are designed to make you lose more money than you earn, so that the house always wins.
(by extension) Any economic system is designed to net a profit for the capital holders
The more we sell in our shop, the more profit for all of us. Our customers will be happy, but the house always wins.

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