100xOdds
100xOdds
Joined: Feb 5, 2012
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October 24th, 2020 at 6:09:01 PM permalink
Table games usually have at least a 95% return (ie: double zero Roulette) and the main bets in Blackjack (3:2 version)/Craps are 99%+.
the returns on slots usually avg less. (in Maryland, the minimum is 87% and the avg has to be a minimum of 89%.)
yes, there are exceptions to these 2 observations but i'm talking in general here.

i would have figured the opposite.
i would have guessed table game would offer sub-90% return to offset the cost of paying the dealers/pit bosses.
and slots would generally be 95%+ because of the lower man power needed.

So why are the returns on tables games usually greater than slots?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
ChumpChange
ChumpChange 
Joined: Jun 15, 2018
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October 24th, 2020 at 6:13:05 PM permalink
Just saw someone lose 50 hands in a half hour playing 2 handed 2 deck blackjack. There was no upside. #YouTube #ElCortez
She only got up to 10 deals per shoe, I would have preferred a 6 deck shoe.
billryan
billryan 
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onenickelmiracle
October 24th, 2020 at 6:27:29 PM permalink
It takes a lot to misplay a slot machine, where few players master basic strategy in blackjack. The rules of BJ might say it is a 99% game, but casinos consistently hold ten percent or more.
Ace2
Ace2
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October 24th, 2020 at 6:38:53 PM permalink
Quote: ChumpChange

Just saw someone lose 50 hands in a half hour playing 2 handed 2 deck blackjack. There was no upside. #YouTube #ElCortez
She only got up to 10 deals per shoe, I would have preferred a 6 deck shoe.

50 out of how many ?
Itís all about making that GTA
Ace2
Ace2
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October 24th, 2020 at 6:40:12 PM permalink
Quote: 100xOdds

Table games usually have at least a 95% return (ie: double zero Roulette) and the main bets in Blackjack (3:2 version)/Craps are 99%+.
the returns on slots usually avg less. (in Maryland, the minimum is 87% and the avg has to be a minimum of 89%.)
yes, there are exceptions to these 2 observations but i'm talking in general here.

i would have figured the opposite.
i would have guessed table game would offer sub-90% return to offset the cost of paying the dealers/pit bosses.
and slots would generally be 95%+ because of the lower man power needed.

So why are the returns on tables games usually greater than slots?

Generally speaking, the higher the variance the higher the juice.
Itís all about making that GTA
100xOdds
100xOdds
Joined: Feb 5, 2012
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onenickelmiracle
October 24th, 2020 at 7:02:53 PM permalink
Quote: Ace2

Generally speaking, the higher the variance the higher the juice.

whats the reasoning behind that?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
pwcrabb
pwcrabb
Joined: May 15, 2010
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100xOddsbigfoot66
October 24th, 2020 at 7:09:53 PM permalink
Slot machine games have many non-pecuniary attractions such as musical tones, dancing multicolored graphics, solitude, and conceptual themes derived from familiar popular culture. These attractions serve the psychological needs of machine players and compensate for the diminution in Expected Value. In short, emotion-centered people have different value sets than those of analysis-centered people who may actually care about the math.

Casinos need not offer machines that are nearly fair. In contrast, comparatively sterile table games must provide a rough facsimile of fairness. Egregiously larcenous table games would rapidly alienate players who like to believe that they may win.
"I suppose I was mad. Every great genius is mad upon the subject in which he is greatest. The unsuccessful madman is disgraced and called a lunatic." Fitz-James O'Brien, The Diamond Lens (1858)
Ace2
Ace2
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100xOdds
October 24th, 2020 at 7:14:47 PM permalink
Quote: 100xOdds

whats the reasoning behind that?

I assume itís because the house edge is less ďvisibleĒ in a high variance game. You can beat it or lose horribly. However, if there was a 15% edge on an essentially even money, low variance game like baccarat or blackjack, you would always lose and stop playing
Itís all about making that GTA
ChumpChange
ChumpChange 
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October 24th, 2020 at 7:40:57 PM permalink
I think it was 70 winning hands vs 130 losing hands, or $3500 won vs $6500 lost, or 70% payback (-$3K out of $10K bet). Rough guess... If you're not gonna win more than one hand in a row, don't run a progression.
Ace2
Ace2
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October 24th, 2020 at 7:49:39 PM permalink
Quote: ChumpChange

I think it was 70 winning hands vs 130 losing hands, or $3500 won vs $6500 lost, or 70% payback (-$3K out of $10K bet). Rough guess... If you're not gonna win more than one hand in a row, don't run a progression.

Assuming she played proper basic strategy (0.5% house edge), that result is about 3.7 deviations south of expectations. Very bad luck, but not extremely remote, especially for a regular player
Itís all about making that GTA

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