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Just How Rigged Is The Casino: An Average Week On The Las Vegas Strip
The debate over just how rigged algos have made the market may be raging, but when it comes to riggedness, there is no debate that nothing beats Las Vegas where in the long (and not so long) run the house always wins. But how much does it win, and what games provide the house with the biggest profit? The following two charts answer these pertinent questions for anyone who may be planning a trip to the city of Lost Wages.
As Vizual Statistix explains, for those who want to stay away from the most rigged games, your best bet is the $100 slot machines, where the casinos take "only" 3.6% of your money. And those concerned about the magnitude of money lost rather than the percentage, you may want to move over to the penny slots, where you’ll still lose only 11.8%.
For the sports-betting fans, betting on baseball gives slightly better odds than basketball and football. One is much less likely to lose money betting on those sports than on racing.
For the tables fans, bingo is the game-o as here the house only takes in 8.8% of the wagers there, followed by blackjack (11.1%). Most punishing by far is 3-card poker, where gamblers lose an average of 32.5% of their money.
And keeping the rigged stock market analogy, there is liquidity and then there is churn. The chart below shows in which games casinos would prefer you gamble: sorted by revenues for the house, the most lucrative by far is Baccarat (thank you habitual Chinese gamblers), where the casino revenue is the biggest amounting to nearly $30 million on average per week. Blackjack fans who can never catch a break may be surprised to learn that their favorite game is in fourth position generating "only" $15.5 million of the revenue, below such honeypots as penny slots, which bring in on average a whopping $20 million weekly.
However, one thing the charts above certainly do not capture is the fun factor: because at the end of the day if given the choice of losing one's money in a rigged Las Vegas, or in the just as rigged stock market, it should be absolutely no contest.
Source: Nevada Gaming Board
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CASINO JOKE:
Two male friends had lost just about all their money at the casino playing roulette. They each had $10 left. One asked the other what number they should put their last bet on.
HARRY: How many times did you make love to your wife last night?
BOB: 3 times
HARRY: i made to my wife 4 times. So let's put our money on 7.
So they did and zero came up.
BOB: I guess if we had told each other the truth we would have won.
Perhaps some of you high rollers could offer observations/advice to the players in the junior mining sector ;).
You're better off winning with luck. Forget about skill.
I'm not against having a good time, but I've always found gambling to be pretty pathetic. Once a year is more than enough. I'd much rather do it with friends.
Want to launder your black market money? Go to Reno or Vegas and buy your several K in chips, play a few hands, walk out. You now have cleaned your stack. The rest is so elementary I dont have to explain.
the same killings from another perspective
http://www.youtube.com/watch?v=3mx8DyJ_ZQo
USA and euronazis, burn in hell!
GAMBLERS ANONYMOUS HOTLINE
http://www.gamblersanonymous.org/ga/hotlines
YES, YOU ARE SICK.
THERE IS HOPE.
I wonder if your odds aren't improved with online gaming. I programmed a demo Video Poker game in 2002 (video poker machines are considered slot machines) and the payout may have been about a fifth of the 11.8% mentioned for penny slot machines. One reason prices can be what they are is they've prevented players like me from entering online gaming. You basically have to be a brick-and-mortar casino or race track to get a license. Past that, you may have to set up shop in whatever jurisdiction makes online gaming legal. It seems they want the money to say at home. I actually have baccarat and blackjack domain names. They haven't done anything for me.
In my estimation, the best thing you can do is place a few big bets at the start, and leave. The longer you play the greater the chance you'll give anything you've won back.
In my estimation, the best thing you can do is place a few big bets at the start, and leave. The longer you play the greater the chance you'll give anything you've won back.