Matches in SemOpenAlex for { <https://semopenalex.org/work/W4301398438> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W4301398438 abstract "In commercial gambling, the odds of winning are against the gambler. Roulette is a good game to demonstrate this principle with. A roulette wheel has the numbers from 1 – 36 that the wheel can land on, and a successful stake of £1 on one of these numbers will pay-off £36 (including the return of the stake). However, a European roulette wheel has an extra number, zero, which the wheel can also land on (and which can also be bet on). This means that a bet on any specific number will only win 1 in 37 times on average, resulting in an average loss of 2.7% of all money staked. This average loss for the gambler is known as the house edge. American roulette has a second zero (the double zero), but the payoffs are the same. These further reduced odds of winning in American roulette translate into a higher house edge of 5.3%, making this a less attractive gambling product. This shows how the house edge can be compared across gambling products, which along with the total amount bet, predicts gamblers’ average losses. Since these losses lead to harm, some economists have proposed zero house-edge games as a theoretical harm reduction approach. But these games are not just a theoretical possibility, as at least three significant online operators have either provided or promised to provide these games. This article reviews this short history of zero house-edge games, while also proposing an alternative model for how they could be commercially provided." @default.
- W4301398438 created "2022-10-05" @default.
- W4301398438 creator A5041661613 @default.
- W4301398438 creator A5088663233 @default.
- W4301398438 date "2022-10-03" @default.
- W4301398438 modified "2023-09-27" @default.
- W4301398438 title "Commercial provision of zero house-edge gambling products" @default.
- W4301398438 doi "https://doi.org/10.31219/osf.io/gp35c" @default.
- W4301398438 hasPublicationYear "2022" @default.
- W4301398438 type Work @default.
- W4301398438 citedByCount "0" @default.
- W4301398438 crossrefType "posted-content" @default.
- W4301398438 hasAuthorship W4301398438A5041661613 @default.
- W4301398438 hasAuthorship W4301398438A5088663233 @default.
- W4301398438 hasBestOaLocation W43013984381 @default.
- W4301398438 hasConcept C105795698 @default.
- W4301398438 hasConcept C112698675 @default.
- W4301398438 hasConcept C138885662 @default.
- W4301398438 hasConcept C143095724 @default.
- W4301398438 hasConcept C144133560 @default.
- W4301398438 hasConcept C144237770 @default.
- W4301398438 hasConcept C151956035 @default.
- W4301398438 hasConcept C15744967 @default.
- W4301398438 hasConcept C162307627 @default.
- W4301398438 hasConcept C162324750 @default.
- W4301398438 hasConcept C195502155 @default.
- W4301398438 hasConcept C2524010 @default.
- W4301398438 hasConcept C2777363581 @default.
- W4301398438 hasConcept C2780813799 @default.
- W4301398438 hasConcept C28719098 @default.
- W4301398438 hasConcept C33923547 @default.
- W4301398438 hasConcept C41008148 @default.
- W4301398438 hasConcept C41895202 @default.
- W4301398438 hasConcept C42475967 @default.
- W4301398438 hasConcept C76155785 @default.
- W4301398438 hasConcept C77805123 @default.
- W4301398438 hasConceptScore W4301398438C105795698 @default.
- W4301398438 hasConceptScore W4301398438C112698675 @default.
- W4301398438 hasConceptScore W4301398438C138885662 @default.
- W4301398438 hasConceptScore W4301398438C143095724 @default.
- W4301398438 hasConceptScore W4301398438C144133560 @default.
- W4301398438 hasConceptScore W4301398438C144237770 @default.
- W4301398438 hasConceptScore W4301398438C151956035 @default.
- W4301398438 hasConceptScore W4301398438C15744967 @default.
- W4301398438 hasConceptScore W4301398438C162307627 @default.
- W4301398438 hasConceptScore W4301398438C162324750 @default.
- W4301398438 hasConceptScore W4301398438C195502155 @default.
- W4301398438 hasConceptScore W4301398438C2524010 @default.
- W4301398438 hasConceptScore W4301398438C2777363581 @default.
- W4301398438 hasConceptScore W4301398438C2780813799 @default.
- W4301398438 hasConceptScore W4301398438C28719098 @default.
- W4301398438 hasConceptScore W4301398438C33923547 @default.
- W4301398438 hasConceptScore W4301398438C41008148 @default.
- W4301398438 hasConceptScore W4301398438C41895202 @default.
- W4301398438 hasConceptScore W4301398438C42475967 @default.
- W4301398438 hasConceptScore W4301398438C76155785 @default.
- W4301398438 hasConceptScore W4301398438C77805123 @default.
- W4301398438 hasLocation W43013984381 @default.
- W4301398438 hasOpenAccess W4301398438 @default.
- W4301398438 hasPrimaryLocation W43013984381 @default.
- W4301398438 hasRelatedWork W1554733636 @default.
- W4301398438 hasRelatedWork W2046049376 @default.
- W4301398438 hasRelatedWork W2057360327 @default.
- W4301398438 hasRelatedWork W2080519218 @default.
- W4301398438 hasRelatedWork W2147170865 @default.
- W4301398438 hasRelatedWork W2899084033 @default.
- W4301398438 hasRelatedWork W2902563245 @default.
- W4301398438 hasRelatedWork W2913463050 @default.
- W4301398438 hasRelatedWork W2914142632 @default.
- W4301398438 hasRelatedWork W4281658346 @default.
- W4301398438 isParatext "false" @default.
- W4301398438 isRetracted "false" @default.
- W4301398438 workType "article" @default.