Probability in Play: Understanding the Odds in Casino Games
But casinos use probability to make business. They use it to create an edge over players and turn a profit in the long run. Beginner’s luck is a myth, as are winning or losing streaks. How to Calculate Probability Probability is calculating the likelihood of a specific outcome. It can be expressed as a fraction, a ratio or a percentage. For example, a coin flip has a 50% chance of landing on either side....