Probability & Percentages

[the hunt]

This is something that has played on my mind for some time now.

Ive always wondered EXACTLY how the paypout percentage etc is audited or functioned at an online casino.

I understand ruturns are based over many hundred of thouands of pounds etc but....

For example:

-Is it worked in everyone who plays the casino as a whole?

or

-Worked per person, or per person per game?

-Does the fact that I lost lots last time mean I have a better chance the next day?


I know its all quite complicated but any enlightenment would be appreciated.

[ThePokerprof]

I'm no expert but I'd say:

-Is it worked in everyone who plays the casino as a whole?

or

-Worked per person, or per person per game?

It's calculated for the casino as a whole per game type (e.g single deck blackjack): (amount paid out/amount wagered) x100

-Does the fact that I lost lots last time mean I have a better chance the next day?

No, the chances of you winning the next day are the same no matter what has happened in the past. The cards you get dealt one day have no influence on the cards you get dealt the next. The Wiz kinda explains why in his FAQs: http://wizardofodds.com/askthewizard/fallacy.html