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 game rules.

The interaction between the payoff odds and the game rules.The true odds.The interaction between the true odds and the game rules. The ratio difference between the basic odds and the payoff odds.

Is an 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

The 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.

The $1 machine.The paybacks are the same.The 25 cent machineNone of these.

The 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 irrevocably small.

1 in 13 52 to 452 of 44 in 48

2 in 51 in 411 in 4339 to 1

Not 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.

ANSWER KEY