CASINOS
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Short Term Wins Can Beat the Gambling Odds But in the End the Casino Wins
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Dear Mark, You always recommend making wagers that have less
than a 2% house advantage. Okay, sound logic, but why is it that a gambler can
still win, even on games like keno or those big slot jackpots when the Law of
Averages says they won¹t? William. Because, William, the Law of
Averages does not have time to work during most brief casino visits. That said, you
should never put your faith in the heady belief that happy aberrations in
gambling odds will happen in games that carry a huge house advantage. The keen
player never ignores the mathematical odds that are working for or against him.
But every gambler¹s timeline (tabletime) is still relatively short, be it
three hours or three days, so anything can happen even for the 8-spot
keno winner, or the serendipitous winner of the super slot-pot. Those
fortuitous winners don¹t go home because the Law of Averages worked in
their favor, most likely it was because the Law of Averages didn't.
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