SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 111
  • Posts: 7968
Thanks for this post from:
heatmapMrCasinoGamesodiousgambit
September 6th, 2019 at 6:37:50 PM permalink
Quote: GWAE

Wizard is obviously a better business man than me but at 1% edge how can you make money? That would be a company running on a 1% profit margin. Credit card processing fees alone are going to be 2.5% or more



What is important is the 'hold', not the house edge. A patron depositing $1000 is highly unlikely to lose just 1%. More likely on average to lose 40-60% of that $1000. Just my guess.
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
Thanks for this post from:
MrCasinoGames
September 6th, 2019 at 7:10:57 PM permalink
Quote: SOOPOO

What is important is the 'hold', not the house edge. A patron depositing $1000 is highly unlikely to lose just 1%. More likely on average to lose 40-60% of that $1000. Just my guess.



Yep I was being dumb. I am not sure what I was thinking. Spent too much time lately doing bonuses. I forgot that it would be 1% of that hundred. Then 1% of the 99, then 1% of the 98 until you are broke.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
Face
Administrator
Face
Joined: Dec 27, 2010
  • Threads: 49
  • Posts: 4448
September 6th, 2019 at 7:28:26 PM permalink
Quote: GWAE

Yep I was being dumb. I am not sure what I was thinking. Spent too much time lately doing bonuses. I forgot that it would be 1% of that hundred. Then 1% of the 99, then 1% of the 98 until you are broke.



Yeah, but your buy-in would last forever
The opinions of this moderator are for entertainment purposes only.
heatmap
heatmap
Joined: Feb 12, 2018
  • Threads: 181
  • Posts: 1489
September 6th, 2019 at 7:48:30 PM permalink
Quote: Face

Yeah, but your buy-in would last forever



from the previous thread ive made about the late bonus, the blackjack game i posted claims 99.67%

my first session profit 70 dollars to zero but it lasted about 8 hours max and they provided me with a 25 dollar bonus for signing up which that started off the session. i won back the previous days loss easily the next day

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