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Odds have to be less than inverted probabilities to ensure that casinos make a profit. By paying back less to the players (cumulatively) than the players wager on games, the casinos can make enough profits to stay in business. But whereas the probabilities don’t predict game outcomes the odds limit the amount of risk casinos accept by covering player wagers. From the casino’s point of view the odds are a little more reliable than the probabilities. From a player’s point of view the probabilities are a little more reliable than the odds. How Odds Become Almost Inverse to the Probabilities. When you don’t know the outcome of the games you play and you need to make a profit the only thing you can do is hedge your bets. You do this by paying prizes as if there were fewer possible outcomes for each game. Of course, casinos step aside from the odds and probabilities altogether in poker rooms and just charge a player’s fee. 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Over time the casino should make a profit from this slot game–unless the random factors influencing the outcome of the slot game just accidentally work against the casino. Two random factors influence how a slot game’s spins are determined: The first random factor is the mechanism used to spin the reels. In most if not all slot games today this is accomplished y pulling random numbers from a special chip. The chip continually generates new random numbers that are temporarily stored where the game can get them. The second random factor is when players play the slot game.The slot game may “burn through” a lot of random numbers throughout the day. It only uses numbers when players spin the reels. These dual random factors combined with the large number of possible outcomes make slot games more chaotic than games like blackjack and roulette.
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