The assertion that "the house always wins" has a rigorous mathematical foundation. This paper examines why gamblers cannot achieve positive returns from casino games in the long run through the lens of the Law of Large Numbers. It reviews fundamental probability theory, discusses a recent breakthrough by Shandong University researchers who proved the "gambler's ruin" conjecture in 2025, and explains Parrondo's paradox – a phenomenon wherein two individually fair games become losing when played alternately. The paper's original contributions include: (1) computational simulations demonstrating the Law of Large Numbers in casino contexts; (2) comparative analysis of ruin rates across three distinct games; (3) presentation of the 2025 proof at a level accessible to high school students. The results demonstrate that prolonged gambling leads to certain financial loss. Note on sources and original work: This paper cites all sources using numbered brackets. Chapter 2 synthesizes findings from these papers with proper attribution. The simulation code, graphical visualizations, comparative analyses, and exposition of Chen's proof are the author's original work. The author employed AI tools for code debugging assistance, as disclosed in the Acknowledgments.
Research Article
Open Access