In this section, you can discover some of the facts behind gambling myths,
get explanations for the terms used in the gambling industry and understand its size and how it is regulated.
Probability is the likelihood of a specific outcome or event taking place.
To work this out, you divide the number of specific outcomes with the number of possible outcomes.
For example, if you were rolling a dice and wanted the number three to come up, there is only one specific outcome;
at the same time, there are six possible outcomes because the dice could land on one, two, three, four, five or six.
So the probability of you rolling a three is 1 in 6.
In gambling, the "odds" are the chances a person has of winning a bet, but these always work against that person.
The "house" refers to the people who offer the bet (the casino, bookmaker, slot machine owner, etc.) and they always have the "edge".
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