| | A certain fraction of the population is addicted to gambling and tend to drain family resources on the habit. Stories are common of addicts losing all their money in a single gambling spree. Only [[Missouri]] has a [[Gambling_Loss_Limit|gambling loss limit]]. | | A certain fraction of the population is addicted to gambling and tend to drain family resources on the habit. Stories are common of addicts losing all their money in a single gambling spree. Only [[Missouri]] has a [[Gambling_Loss_Limit|gambling loss limit]]. |
| − | In games played against the "house" (for example, in a [[casino]]), typically the players will have an [[expected return]] of less than 100%. For example, in roulette, in the case of a 0 or 00 result, the money bet goes to the casino. In games against other players (such as poker), the expected return might be 100%, when the players are of equal skill levels (assuming the order of dealing is not important), or certain players might have greater (or lesser) expected returns, if they are better (or worse) players. If all the money stays with the players, then the overall expected return is 100%. If the "house" takes a rake of the money bet, the overall expected return will be less than 100%. | + | In games played against the "house" (for example, in a [[casino]]), typically the players will have an [[expected return]] of less than 100%. In games against other players (such as poker), the expected return might be 100%, when the players are of equal skill levels (assuming the order of dealing is not important), or certain players might have greater (or lesser) expected returns, if they are better (or worse) players. If all the money stays with the players, then the overall expected return is 100%. If the "house" takes a rake of the money bet, the overall expected return will be less than 100%. |