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Beating the House

casino chips falling, illustration

Credit: Getty Images

A new (fictitious) group of casinos, called credit-friendly casinos—CFCs for short—allow gamblers to enter a $100 bet on credit. The penalty to a gambler who does not pay in one of these casinos is forbidding that gambler from playing in there ever again. However, the gambler can still play at another credit-friendly casino and can place bets in several at the same time.

For each even-money $100 bet (the only ones we will consider), a gambler g receives $100 when g wins and owes the casino $110 when g loses. All losses must be paid by the end of each week for g to be able to continue to bet at that casino.


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