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Reply To: This is how online casinos make money

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#721798
327007
Member
nick777 wrote:
Again, what you are saying is that somehow having 6 hands each favoured to win equates to a less than 50% win percentage

And again i say that is mathematically impossible

This is what you are saying

65% + 65% + 65% + 65% +65% +65% = 47%

:rasta:
It is not a win percentage; it is an expected return. Look a few posts back to see my detailed explanation on how to compute an average (as in an expected return). Note that you need to include losses in this calculation. You said you understood, but it is clear that you did not. Perhaps computing an average is beyond your mathematical ability.

Consider a coin flip with a 50% chance of winning and 50% chance of losing. The expected return is 0, as you are not expected to have a net win or net loss over time, so using your logic 50% + 50% + 50% … = 0 . Wait… why doesn’t that work? Because you didn’t consider losses. It becomes (50% -50%) + (50% – 50%)… = 0.