How much does cheating cost casinos per year?

Around the globe? In america? anyone have any stats?

It doesn't really answer your question with a "total $ figure", but here are some articles you may find interesting.

https://www.reviewjournal.com/business/casinos-gaming/basic-casino-cheating-scams-hardest-to-catch-gaming-experts-say/

https://www.theverge.com/2013/1/14/3857842/las-vegas-casino-security-versus-cheating-technology

https://www.businessinsider.com.au/scandals-casinos-gambling-las-vegas-2019-6?r=US&IR=T

https://www.wired.com/2017/02/russians-engineer-brilliant-slot-machine-cheat-casinos-no-fix/

https://harvardjsel.com/wp-content/uploads/sites/9/2019/02/HLS102.pdf

Note: Most of the links are about "players' cheating casinos", but the "harvardjsel.com" link is about the casinos "cheating" players, with "cheat prevention countermeasures".

There are many more, but I am not going to read them (just google what you had as the name for this thread, and you should find plenty, hopefully one will have a "$ figure" for you ?)

Otherwise, someone on this forum who is in the "casino business" could have better info to give you, maybe?

Quote: ksdjdj

It doesn't really answer your question with a "total $ figure", but here are some articles you may find interesting.

https://www.reviewjournal.com/business/casinos-gaming/basic-casino-cheating-scams-hardest-to-catch-gaming-experts-say/

https://www.theverge.com/2013/1/14/3857842/las-vegas-casino-security-versus-cheating-technology

https://www.businessinsider.com.au/scandals-casinos-gambling-las-vegas-2019-6?r=US&IR=T

https://www.wired.com/2017/02/russians-engineer-brilliant-slot-machine-cheat-casinos-no-fix/

https://harvardjsel.com/wp-content/uploads/sites/9/2019/02/HLS102.pdf

Note: Most of the links are about "players' cheating casinos", but the "harvardjsel.com" link is about the casinos "cheating" players, with "cheat prevention countermeasures".

There are many more, but I am not going to read them (just google what you had as the name for this thread, and you should find plenty, hopefully one will have a "$ figure" for you ?)

Otherwise, someone on this forum who is in the "casino business" could have better info to give you, maybe?

I know that a casino in vegas cheats bc a dealer told me. Idk how often though. Its also risky for the casino?

Another retired dealer confirmed to me another way they cheat.

Quote: jjjoooggg

I know that a casino in vegas cheats bc a dealer told me. Idk how often though. Its also risky for the casino?

Another retired dealer confirmed to me another way they cheat.

Lol. So, what did the dealer tell you he/they did to cheat?


ZCore13

Quote: Zcore13

Lol. So, what did the dealer tell you he/they did to cheat?

Retired dealer? Were you by any chance buying him drinks at the time? Buy me some drinks and I'll tell you some really juicy stories about casinos that cheat. Then you can buy me lunch at Burger King, so there will be even more whoppers! Them casinos spend zillions on advertising and public relations trying to attract and retain customers and along comes some low paid dealer whose got the skinny on how the casino cheats? Get Real!!

The only thing I know is that casinos spend a large multiple of what they lose to cheaters to prevent cheaters from taking more......

Quote: SOOPOO

The only thing I know is that casinos spend a large multiple of what they lose to cheaters to prevent cheaters from taking more......

ive read something similar

My hypothesis is that if you add up all cheating in all casinos, the casinos show a huge profit from it. The casinos cheat the players out of far more money than the players could ever cheat the casinos out of money. Here's one example of a Las Vegas casino attempting to cheat a player out of $30,000 by changing the odds after the bet has been resolved: https://wizardofvegas.com/forum/gambling/big-wins/28555-paigow-bonus-casino-did-not-pay-full-amount-as-shown-on-the-table/ -- And that is in the most well-regulated gambling jurisdiction in the world. Imagine how much of this stuff goes on in unregulated places. I'm sure there are players here who could tell plenty of stories of casinos cheating them out of money.

The more I think about it, it isn't really a hypothesis so much as a certainty

Quote: TomG

My hypothesis is that if you add up all cheating in all casinos, the casinos show a huge profit from it. The casinos cheat the players out of far more money than the players could ever cheat the casinos out of money. Here's one example of a Las Vegas casino attempting to cheat a player out of $30,000 by changing the odds after the bet has been resolved: https://wizardofvegas.com/forum/gambling/big-wins/28555-paigow-bonus-casino-did-not-pay-full-amount-as-shown-on-the-table/ -- And that is in the most well-regulated gambling jurisdiction in the world. Imagine how much of this stuff goes on in unregulated places. I'm sure there are players here who could tell plenty of stories of casinos cheating them out of money.

The more I think about it, it isn't really a hypothesis so much as a certainty

I would not call that the Casino trying to cheat a player. To me that's a decision by an individual employee, not systematic cheating by a casino. That's like saying an entire police force is corrupt because 1 officer took a bribe. Or, a hospital murders patients because a nurse poisoned one.


ZCore13

Any kind of security or protection is always supposed to cost more than losses, without them, it would keep happening repeatedly. We all have locks on our doors and our losses are less than the things stolen.