How Casinos Work

Everything Everywhere Daily - A podcast by Gary Arndt | Glassbox Media

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Casinos are fascinating places. They can make tons of money, but they don’t really have a product. While it is often called entertainment, unlike other forms of entertainment, no one is entertaining you. In fact, the entire business is really nothing more than applied mathematics. With the proper application of mathematics and a liberal dose of high-tech security and proper management, a casino can become a cash machine. Learn more about your ad choices. Visit megaphone.fm/adchoices