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Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet .
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The luck factor in a casino game is quantified using standard deviations (SD). [6] The standard deviation of a simple game like roulette can be calculated using the binomial distribution. In the binomial distribution, SD = , where n = number of rounds played, p = probability of winning, and q = probability of losing. The binomial distribution ...
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Novomatic operates about 2,000 casinos and other gaming facilities in about 50 countries, many of them under the Admiral Casino brand. [5] It also offers online gambling, and produces slot machines and other technology for the gaming industry.
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