Saturday, October 17, 2020

Random

 About the blog

   When I think about fairness the phrase "50/50" is usually one of the first thoughts.  It has to do with an equal distribution between 2 people.  One person gets half.  The other person gets half.  No one is treated better or worse than the other.

   When the topic of fairness gets discussed in mathematics it's not always simple.  Point of view means more than how well a pie gets divided.  And proving something is fair can take many different forms.

   So when we talk about fairness in gambling the most practical way to achieve it is through random numbers.

   Relevant link: https://en.wikipedia.org/wiki/Randomness

   Randomness would work just fine for gambling and slot machines.  People would win and lose in roughly equal amounts over time.

   Except casinos wouldn't know whether they'd make money or lose it for any given period of time.

   Casinos don't like not knowing (same as anyone).

   They want control over how much money they make.  And they have it down to the cent with slot machines.

   What does that leave us with?

   Pseudo-randomness.

   Gaming link: http://mgc.dps.mo.gov/FAQ_SiteLinks/TruthAboutSlotMachines.pdf



The people I know with answers won't give them when asked.  So I have a few Questions.

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