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Observed house edge in baccarat?
| January 12th, 2012 at 12:50:45 AM permalink | |
| Paigowdan Member since: Apr 28, 2010 Threads: 54 Posts: 2113 | Roulette is still up there, but there are 12 casinos all reporting different amounts of action per game type. At Lumiere Place Casino two tables of Baccarat dropped $1.56M, while four tables there (twice as many) dropped $803K, about half as much. If they (Missouri Gaming Commission) had tallies by table group, it would be easier. The Baccarat is an exception I feel, outside of high-rollers on the strip and Maccau. Headcount on tables does not correspond to drop. 12 people playing $5 Pai Gow Poker is a lot different than one guy playing $5,000 a hand at Baccarat. More Chevy's than Bentleys, more action than drop. Gambling doesn't build character, it reveals..no character. But a lot of characters. |
| January 12th, 2012 at 1:51:06 AM permalink | |
| EvenBob Member since: Jul 18, 2010 Threads: 231 Posts: 6400 | I don't care about all that, Dan. Its just irks me when you say roulette is getting less dollar action than other games, when it obviously isn't. One casino owner to another: "It would be so much easier if we could just hit them over the head, steal their money, and throw their bodies in the creek." Al Swearengen, Deadwood |
| January 12th, 2012 at 9:30:42 AM permalink | |
| JonDough Member since: Jan 11, 2012 Threads: 1 Posts: 10 | One plausible explanation for the decline of roulette play (if such a decline exists) is the substantially higher HE found in roulette than craps,baccarat and BJ. If we think that bankroll size is randomly distributed among table games, then it stands to reason that roulette-only players would lose their bankrolls the fastest and hence a drop in the game's action. |
| January 12th, 2012 at 9:41:59 AM permalink | |
| Paigowdan Member since: Apr 28, 2010 Threads: 54 Posts: 2113 |
Bob, personally I think Roulette is a great game, but in our casino, and in too many casinos, the action is declining compared to blackjack, pai gow, and craps. It needs something to juice it up, exactly what, I dunno. I will track down gaming commission stats on the # of tables in this regard. Gambling doesn't build character, it reveals..no character. But a lot of characters. |
| January 13th, 2012 at 7:41:40 AM permalink | |
| 98Clubs Member since: Jun 3, 2010 Threads: 10 Posts: 289 |
A Customer sits down at a 3-coin 3-reel Slot machine and plays 3 coins. The spin wins 10 coins. The Customer plays 3-coins from the 10, and loses. The Customer plays 3 coins from the remaining 7 and loses. The Customer takes the 4 remaining coins from the tray and leaves. The profit is 1 coin based on 3 coins risked, a +33% gain. The EV is positive and more than 9%... I did not say "it can't be more than +X EV", I said it can be positive, but is more likely negative, given that the machine has a -EV. To err is human. To air is Jordan. To arrr is Pirate. |
| January 13th, 2012 at 7:47:29 AM permalink | |
| thecesspit Member since: Apr 19, 2010 Threads: 38 Posts: 3106 |
Sure but thats profit, or actual value, NOT an expected value of 33%. "Then you can admire the real gambler, who has neither eaten, slept through nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire, for a coup at trente-et-quarante" - Honore de Balzac, 1829 |
| January 13th, 2012 at 8:21:31 AM permalink | |
| rdw4potus Member since: Mar 11, 2010 Threads: 57 Posts: 1975 |
Paging Dave. Dave, you're needed the Roulette Revitalization area. Dave... "So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett |
| January 13th, 2012 at 9:40:44 AM permalink | |
| Paigowdan Member since: Apr 28, 2010 Threads: 54 Posts: 2113 | Yes, exactly. While I am against a lot of existing side bets as junk, some of them, a good multi-roll side bet for Roulette would really help the game, I think. His Poker for Roulette bet has been discussed here. Dave - Any action on it? Gambling doesn't build character, it reveals..no character. But a lot of characters. |
| January 13th, 2012 at 9:50:45 AM permalink | |
| Paigowdan Member since: Apr 28, 2010 Threads: 54 Posts: 2113 | Actually, I was just on the phone. Dave needs to come to Vegas. Gambling doesn't build character, it reveals..no character. But a lot of characters. |
| Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |