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The Times

why the house always wins in the long run

  • Written by Milad Haghani, Associate Professor and Principal Fellow in Urban Risk and Resilience, The University of Melbourne
why the house always wins in the long runLeo Visions / Unsplash

You’ve probably heard the phrase “the house always wins” when it comes to casino gambling. But what does it actually mean?

After all, people do hit jackpots, and casino games are supposed to be fair – so what guarantees the casino still comes out ahead?

The answer lies in a simple but powerful...

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