7/31/2022»»Sunday

tecinizhca1987.netlify.com

Casino House Always Wins

7/31/2022
    70 - Comments
  1. Casino House Always Wins Prizes
House

This is known as the House Edge or Casino Advantage. Every bet you make has a certain probability of winning or losing. If you bet on the flip of a coin, the probability of heads or tails is 50-50. This would be an even money bet. Main Quest: The House Always Wins I Speak to Swank at the reception desk when first entering The Tops Casino. Present a combination of 3 Speech checks/pieces of evidence and Swank will distract Benny to let you search his room for evidence. The odds are 12 to 1 against you, but the house only pays 11 to 1. This is how the casino wins even when you win. Another way to say it is: 'When you lose the house wins, when you win the house also wins.' Still, craps is a fun and exciting game. The house always wins. Sure, you might win in the short term, but if you gamble for an extended period of time you will lose money. How would people be able to build multi million dollar casinos in Las Vegas unless they made profits, huge profits. No matter what game you play in a casino you lose money if you play long enough. Albert's friend, Oscar, has designed a game of chance where the probability of losing is 1/4. Nothing can go wrong for Albert with these odds, right?Script.

AlwaysCasino

Casino House Always Wins Prizes

Projects‎ > ‎

The House Always Wins -Early Draft

The house always wins. Sure, you might win in the short term, but if you gamble for an extended period of time you will lose money. Think about it... how would people be able to build multi million dollar casinos in Las Vegas unless they made profits, huge profits. No matter what game you play in a casino you lose money if you play long enough. So, why do people play if they know they will lose...
Essential Questions:
-Why do people play games when statistically they will lose?
-How can you design a casino game that will raise money for charity?
Deliverables:
-A game that has a house edge, but is fun to play for the players
-A poster that explains how to play your game
-Play analysis from exhibition night including
Exhibition Night Fundraiser
-Money raised goes to charity
Texas Hold Em Extra Credit Game (between 8.4 and 13.4 percent house edge):
-Each student wagers 5 test points to enter the tournament
-1st = 16.7% of total (25 points if 30 people play!)
-3rd = 10% of total
-9th-10th = 3.3% of the total

Example Test Questions
-You are playing single deck blackjack and have 16. The dealer is showing a Jack. What percentage chance to you have of busting if you take only one more card? Explain why.
-Your hole cards are 8 of hearts and Ace of hearts. The flop was 4 of hearts, 8 of clubs, and King of diamonds. What is your percentage chance of getting your flush?
-What percentage of the time will you win if you bet Red on Roulette?
-What are your odds of flipping a coin heads five times in a row?


Probability Tree: http://www.youtube.com/watch?v=mkDzmI7YOx0
Probability Games: http://www.transum.org/software/sw/starter_of_the_day/Similar.asp?ID_Topic=30

52 cards, how many combinations?


 tecinizhca1987.netlify.com © 2022