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Dec 06, 2024
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GAM 470 - Quantitative Methods and Applications in Casino Gaming (3 units) Probability theory and quantitative methods in a casino gaming operation including game theory, odds of games, and use of analysis for management, marketing and economic decisions.
Prerequisite(s): ECON 261 ; ECON 262 .
Grading Basis: Graded Units of Lecture: 3 Student Learning Outcomes Upon completion of this course, students will be able to: 1. demonstrate knowledge of the mathematical and strategic analysis of gambling. 2. establish metrics for evaluation of casino performance using data analysis and probability theory. 3. demonstrate knowledge of various betting systems used in gaming. 4. analyze parimutuel and sports betting and describe how they differ from traditional casino gambling. 5. analyze gambling games using computer simulations.
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