BleedingChipsSlowly
BleedingChipsSlowly
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Joined: Jul 9, 2010
March 13th, 2014 at 9:49:00 AM permalink
I came accross the Monthly Gross Revenue Reports that are posted online by the NJ Divison of Gamming Enforcement. Every month is reported, but I chose the following three at random for this post.

Jan-13Apr-12Dec-12
Atlantic Club
25.0
19.7
21.1
Bally's
21.7
20.1
19.2
Borgata
19.9
21.6
17.4
Caesars
14.8
17.2
16.6
Golden Nugget
20.9
28.2
26.5
Harrah's
22.0
20.3
22.8
Resorts
30.7
8.2
28.9
Revel
23.2
18.3
26.2
Showboat
19.2
20.1
16.5
Tropicana
20.9
18.5
27.3
Trump Plaza
23.9
19.3
26.4
Trump Taj Mahal
22.8
20.6
22.7

NJ Casinos Roulette Win%


My question: How do casinos consistantly win around four times the house edge for roulette games? I would think that they would want to minimize the wins for tax purposes, so I'm guessing sloppy accounting isn't the answer. Does anyone have some insight? Is there a gigantic pool of suckers out there fueling the industry?
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
JB
Administrator
JB
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March 13th, 2014 at 10:00:10 AM permalink
You are confusing the house edge with the hold.
BleedingChipsSlowly
BleedingChipsSlowly
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Joined: Jul 9, 2010
March 13th, 2014 at 10:06:21 AM permalink
Quote: JB

You are confusing the house edge with the hold.


Thanks JB, I think I get it: Players lose 5.26% per bet but don't leave until they go broke, in general.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
ahiromu
ahiromu
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March 13th, 2014 at 10:44:11 AM permalink
The definition of hold is money won divided by money from buying in, right? So it has to do with the fact that if you buy in for $500, you will probably bet well over $500 while being constantly eaten alive by the house edge. It's a factor of you gambling your winnings instead of only playing through your buy in once and leaving without regard for what you have won or lost.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
Zcore13
Zcore13
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March 13th, 2014 at 1:11:34 PM permalink
Somebody got Resorts real good in April 2012.


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
RonC
RonC
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March 13th, 2014 at 2:01:32 PM permalink
Quote: Zcore13

Somebody got Resorts real good in April 2012.


ZCore13



EvenBob?
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