31 Aug '15, 2pm

Beating the Casino: There is No Free Lunch

Beating the Casino: There is No Free Lunch

When you are a hardware guy and you live in a time of crisis, sooner or later you find yourself working for some casino equipment company. You become an insider and learn a lot about their tricks. I’ve been in touch with that business for about 30 years. I made a lot of projects for gambling machines which are currently in use, and I had a lot of contact with casino people, both owners and gamblers. Now I’m sure you expect of me to tell you about the tricks they use to make you spend your money. And I will: there are no technical tricks. This isn’t because they are honest people, but because they don’t need it. Mathematics and Psychology do all the work. Does the risk of gambling pay off? Mathematically speaking, no – but it’s up to you to decide for yourself. One thing is for certain – whether you decide to gamble or not, it’s good to know how those casino machines work. ...

Full article: http://hackaday.com/2015/08/31/beating-the-casino-there-i...

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