THE NATURE OF THE GAME Chapter 2 Quiz

Protect the casinos bottom line from players with big bankrolls Ensure that the casinos make an acceptable profitProtect the players from over betting their bankrollsBoth 1. and 2.

The average cost of play would be 12.5 cents per roundThe basic odds would be 38 in 40The games return rate would be 98%None of the above

The number of different wagering options a game allowsThe amount of money being bet per round and the long run return rateHow often wagers are being made and how many of them turn out to be winnersThe overall percent edge riding for or against the player

~ 95%~ 64%~ 51%~ 80%

1 in every 76 two-round series1 in 1444 or 1443 to 1 against Equal probableCan't be calculated from the information given.

30 to 3 in favorCannot be calculated because multiple rounds are involved. 3 to 1 in favorAre still 1 in 3 against

Is called a negative betting progressionIs an example of the gamblers fallacy at workIs called a MartingaleBoth 1 and 3

Playing the oddsThe gamblers fallacyThe principle of diminishing probabilitiesBoth 1 and 3

Are typically the easiest to masterAlways have payoff odds that change with each round of playAre the ones most likely to allow a consistent winning edgeNever allow useful calculation of the likelihood of winning or loosing.

Is an unbeatable imaginary gameWould be beatable if it were a real world game Is unbeatable because of table limitsIs offered by some internet casinos on a limited basis

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