A Gambling Game

In a gambling game, there are n players, and n>1 n>1. Every player is randomly assigned an integer between 1 and yy, where yy is also an integer. Let ll be the lowest number someone is assigned and let uu be the highest number someone is assigned. The distribution of these integers is uniform. uu will receive (ul)(u-l) currency from ll. If there is more than one winner, or more than one person is assigned uu, ll will pay out ulw \dfrac{u-l}w to each winner, where ww is the number of winners. If everyone rolls the same number, no gold is exchanged. If there is more than one loser, the losers pay equal portions to the winner(s).

What is the expected value for a person entering into this game? Would you recommend that someone enters into this game given his odds?

Note by Oli Hohman
4 years, 5 months ago

No vote yet
1 vote

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It is difficult to say since it is not known whether all factors are taken into account. Since I am a gambler with experience, I have long been trying to calculate the chances of winning in an online casino. On a Japanese site with casino reviews PikachuCasinos I found a lot of useful gambling insights. There you can find info about interesting casino games and much more. I want to tackle the gambling game algorithm.

Akemi Yoshida - 5 months, 1 week ago

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