Determine whether a game can be beaten in the long run.Determine the
amount of money won or lost over the long run.Define how often a
specific kind of wager will be won.Are determined by the
interaction between the payoff odds and the game rules.The true
odds.The interaction between the true odds and the game rules.
ratio difference between the basic odds and the payoff odds.
even payoff game Carries a 4.76% edge against the playerIs an even odds
gameCarries a 5% edge for the player
92%36 of 3838 in 3635 to 38
basic odds could be correctly expressed as 1 in 8.The game is a certain
long run winner for the playerThe payoff odds would
be correctly expressed as 8 to 1The basic odds could be
correctly expressed as 8 in 9.
machine.The paybacks are the same.The 25 cent
machineNone of these.
point where the frequency of all possible outcomes exactly match the game
odds.Is rapidly achieved by the players in most casino games.Is never reached
except by the casinos themselves. When the difference
between the actual and predicted win/loss percentages have become
to 452 of 44 in 48
in 4339 to 1
determined by the game odds at allDetermined by the
length of the basic odds versus the return rate.Are always the same as
the chances of loosing. Determined by how much
the player is willing to bet.