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Probability

In Our Time: Science

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The Law of Large Numbers

The law of large numbers is essential to a casino, because it's the reason that they actually come out on top in the long term. Can we stick to gambling as a way into this, Marcus? It started that with... with Godana. And we've talked about what became the law of big numbers. How does it apply there? Yeah, this is a very good example,. There are thirty-seven numbers on a roulette wheel, but they pay out in a casino as if there were thirty-six.

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