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COMMON CASINO GAMES: MEAN, VARIANCE AND STANDARD DEVIATION

Most other side bets, no matter the game, are much less volatile than Lucky Ladies in blackjack or the Dragon side bet in EZ Pai Gow. At the extreme of volatility for blackjack side bets is the Lucky Ladies side bet (not included in the table). The games with the lowest volatility are, in this order, Pai Gow Tiles, Pai Gow Poker, baccarat (Banker), EZ Baccarat (Banker), baccarat (Player), roulette (even/odd) and craps (don’t pass/don’t come). It is impossible for a player to win less than four bets at a time; losing streaks can be long and tortuous. The pay table is highly skewed towards the top end; players lose a lot while pursuing high paying rare hands. Moreover, a player cannot choose any method of playing the game that reduces his variance.

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For more information on how to play casino games, you can read through our full list of casino guides. To play casino games at BetMGM you will need an account. At BetMGM we offer the best casino games. Figure 9 gives a list of many well known table casino games, their mean result for a single round wagering 1 unit, their standard deviation and variance. The Commission has the power to prohibit casino games under Licence Condition 9.1.1 of the LCCP.