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Casino
The math of gambling can tell us quite clearly what our average expected loss (or win) will be at each and every game by plugging our betting levels into a very simple formula: Average Bet x Speed of Game (or Number of decisions per hour) x Hours Played x House Edge = Expected Win/Loss.
The math of gambling can tell us quite clearly what our average expected loss (or win) will be at each and every game by plugging our betting levels into a very simple formula: Average Bet x Speed of Game (or Number of decisions per hour) x Hours Played x House Edge = Expected Win/Loss.
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The only figuring you have to do is how many decisions the game you are playing has in a given hour and multiply that by your betting unit ($5, $10, $15, $25 or more) and you will arrive at the absolute foolproof way to assure that you can last for one hour if the goddess of chance decides to treat you the way the pigeons treat the statues in the park. Bring half that much if you figure you can handle it if the worst possible scenario occurs and you lose it all, as half of the suggested bankroll will, for all intents and purposes, be very difficult (but not impossible) to lose in one hour's time.
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