The reason casinos always win: meet the law of large numbers

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Albert's friend, Oscar, has designed a game of chance where the probability of losing is 1/4. Nothing can go wrong for Albert with these odds, right?
Script: Nathan Uyttendaele - / nathan-uyttendaele-235...
Narration: Matthew Curtis - www.micthematt.com
Illustration, animation, sound design: Laura Maugeri - lauramaugeri.com
Music: Gwenaël Grisi - / gwena-l-grisi
Facebook: / palsofalbert
Twitter: / palsofalbert

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Опубликовано:

17 окт 2016

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Комментарии : 45

@amarasa2567 7 лет назад

Well, here goes: When a player rolls 2 dices, there are 18 possible ways to have an odd number, 1 way to have 2, 3 ways to have 4, 5 to have 6, 5 to have 8, 3 to have 10 and 1 to have 12 Thus, the total weight is -126 + 2 + 12 + 30 + 40 + 30 + 12 = 0 The game is fair, so I'll just have fun ^^

@statisticsexplainedtomycat3714 7 лет назад

Very good, you got it :-)

@ihrv23 5 лет назад

you need to slow down with the cat names. no one is successfully keeping track of the winning cat

@relaxingambientsounds7365 5 лет назад

The house always win because it was built the first in existence of it's kind can never be defeated by the games it provides

@pedrojorge1912 Месяц назад

Each player plays individually, with _probabilities_ Even with lower odds, he may or may not win and depending on his luck, may even profit. The house plays collectively, with _statistics_ The slightly better odds in each play garantee, in a long run, that the house always profits. The player depends on luck; but the house depends only on having enough players to reach the realm of large numbers.

@Sigmamale90087 3 года назад

*THE HOUSE ALWAYS WINS*

@NathanHeaver 5 лет назад

the real questions is why are cats flipping coins for money?

@freelancer3965 2 года назад

Hello statistic admin , how low expected value(edge) become advantage by number of large number.??? edge isnt effective on long run??? pls can you explain?

@jso19801980 6 лет назад

I really love your work here, its clever, creative and cute. I hope the channel takes off, I think the channel name can be simpler and shorter though

@MikeSmith-eh4st 4 года назад

Really well made video!

@gusamarante 7 лет назад

Amazing channel. Keep it up!!!

@ericpham7871 2 года назад

You are right. I got two head in a row. How did you know it before I even began?

@iimJacKaL 3 года назад

This can be used in trading as well :) nice video

@johnvipe 2 года назад

Please come back.

@Consistent.Laksana Год назад

underrated

@peachy7586 4 года назад

I'm 828th sub! Omg why your channel is not big yet

@calciumfree9626 7 лет назад

5:07 the cat looks so cute there X)

@statisticsexplainedtomycat3714 7 лет назад

That's Oscar :-D More cats will show up in the next episodes ^^

@syarifahmardhiah5103 5 лет назад

Well, let say I want to predict the behavior of people in a city if the price goes up, the accuracy is based on the amount of population, isn't it? The larger the population, the better for us to change anything.

@abdurrazzak305 4 года назад

This channel has 727 subs today I'm the 727th but I'm sure this is going to hit a million plus in sometime

@ericpham7871 2 года назад

Gravity law can be calibrated by the house to be selective to each player same like golf course design or basketball court that is short cut for The Black basketball rich people or the politician selective

@AlexTechie 5 лет назад

Who the hell liked this video? This guy goes way too fast and throws a crap ton of information that he expects you to absorb and understand in mere seconds.

@deletedarchive 3 года назад

i did, maybe you are just slow kek

@shankarabhat7505 5 лет назад

Can yo get a 0 percent error

@maxlusaya3597 3 года назад

What

@r_edz282 4 года назад

If you rolled 100 times you would get 58 chips, pls tell me if and why I’m wrong if I am

@thotaramesh1234 2 года назад

Video is too fast to understand.

@Mynameishassan0 4 года назад

Me: *reads title* Also me: YOu caN Hit Em You CAn Fol-

@Beast-lu4gl 5 лет назад

Well I’d play it. Even though I may not win I like to believe I have a chance to win.

@JackIsNotInTheBox 6 лет назад

So even though you have more chances to win, you win less than how much you can lose.

@axxcellthehornyfuckinimp2835 4 года назад

There's more ways to stack a deck of cards than there are the galaxy has stars. - Naturally when you learn this fact you can go all in with your winnings as an card dealer.

@pilotmisha 4 года назад

Oh no! It's great video but view statistic makes me sad. Thank you author!

@freelancer3965 2 года назад

1:42

@Official_G_G 4 года назад

Its sad to see the owner of this channel has other life plan.. This channel can be big... #lifechoices 😢😩

@yokowasis 3 года назад

The House Always Win. Then we should become a bigger house, and make one house play against another house.

@ImperfectlyComplete 4 года назад

Expected value for two dice game is almost ~0.

@alessio2618 3 года назад

i won with 20$ free cash 1k lol

@alessio2618 3 года назад

@GabeSaportaSleptHere nothing. Didnt play after that big win

@Jason-gt2kx 4 года назад

The reason casinos win is because they artificially make the game rules so they have better odds. None of their games are "fair games" so they win over the long run with odds in their favor. Odd that is legal.