quickpick
quickpick
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April 14th, 2020 at 12:53:52 PM permalink
How are the casino's table game win % higher than the house advantage? To see what I'm talking about, google "las vegas sands investor", click one of the "Las Vegas Sands Corp." links. In the site, search for "latest financial reports", click "latest financial reports ,click on the quarter 2 earnings release of 2019. Search for "20.2%" on page or scroll to page 22 of 23 It shows table games win % as 20.2%. You can also scroll up to see similar figures (17.8% and 7.7%). On quarter 1, it has 22.8% and 22.7% on page 18, and it has 20.2% and 18.2% on page 19. Shouldn't the casino's winnings on table games be much smaller, like their edge (the house edge)?
OnceDear
OnceDear
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SanchoPanzaMrCasinoGamesquickpick
April 14th, 2020 at 1:04:30 PM permalink
Quote: quickpick

How are the casino's table game win % higher than the house advantage? To see what I'm talking about, google "las vegas sands investor", click one of the "Las Vegas Sands Corp." links. In the site, search for "latest financial reports", click "latest financial reports ,click on the quarter 2 earnings release of 2019. Search for "20.2%" on page or scroll to page 22 of 23 It shows table games win % as 20.2%. You can also scroll up to see similar figures (17.8% and 7.7%). On quarter 1, it has 22.8% and 22.7% on page 18, and it has 20.2% and 18.2% on page 19. Shouldn't the casino's winnings on table games be much smaller, like their edge (the house edge)?

Isn't the percentage hold based on the ratio of average buy in to average color up? Players buy in and repeatedly stake their bankroll until they leave, often broke. I.e. they expose each buy-in to the house advantage multiple times before they leave the table.
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charliepatrick
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MrCasinoGamesquickpick
April 14th, 2020 at 1:21:33 PM permalink
^ Yes it's the hold (i.e. profit) compared to the drop (how much cash gets changed at the table).
gordonm888
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heatmapAxelWolf
April 14th, 2020 at 2:31:32 PM permalink
Also, for most table games the players do not play perfect strategy, which is what the theoretical house edge is based on. Of course, this would not be the difference between, say, a 2% HE and a 20% hold, but it is a contributing factor.
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