The gaming revenue numbers produced by casinos can’t be accomplished without doing the math. And that doesn’t mean adding up the dollars and dividing them by the taxation. That means make sure that every game, every table and every bet returns an advantage to the house. This is the bedrock of the casino gaming industry. Robert Hannum literally wrote the book on the subject, Practical Casino Math. Hannum, professor of risk analysis and gaming in the Reiman School of Finance at the University of Denver, is also a consultant to casinos, as well as a widely quoted expert on the games. According to Hannum, algebra, calculus and trigonometry are not the heart of the casino math. That would be probability and statistics. He spoke with GGB Publisher Roger Gros from his office at the university for a story on casino math that appears in the February issue of GGB.
