Sean Kent is a Ph.D. student in Statistics, and when he's not working on his research, he enjoys applying those skills toward understanding casino games on a fundamental level. He writes blog posts and creates data visualisations exposing the core statistical ideas and technical concepts behind games like craps, blackjack, and slots. Sean has also developed a program that simulates different craps strategies, and he consults on statistical problems—casino-related or otherwise.
You will often hear casino players talk about the “long run.” They might repeat the common phrase that “the casino always wins in the long run.” Talking about what happens over a very long period also lets someone calculate the house…
read more ...If you play slots, you almost certainly know what RTP is. RTP, or Return to the Player, is a measurement calculated for each slot game that describes how much money it returns in the long run. For a slot with an RTP of 92%, you can…
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