1 definition by unnamed casino employee
The more times you gamble, the lower your probability of winning.
This law is what helps keep casinos in business, and this law works best with "chance" games like Bingo, Keno, and the slot machines, which are ALWAYS the first games that the tourists, women, and old people play.
Haven't heard much about this law working on the Blackjack and Poker tables though.
This law is what helps keep casinos in business, and this law works best with "chance" games like Bingo, Keno, and the slot machines, which are ALWAYS the first games that the tourists, women, and old people play.
Haven't heard much about this law working on the Blackjack and Poker tables though.
Too bad the old grannies who plunk their retirement benefits into the slot and Keno machines don't know about or haven't paid close attention to the Law of Large Numbers.
by unnamed casino employee May 18, 2004