Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: cgk
You miss the point. Vegas keeps 24 cents on every dollar gambled in its machines. That is their business model; that is not a point that can be debated; by knowing his losses you can calculate, roughly how much was wagered as statitics will play out over time and certainly 10 years is a long time enough time.

Lets say he only lost $4 million, that tells you he probably played about $16 million in the slot machines. Now, what the other folks were saying is why didn't he play a game lick blackjack where the odds suddenly rush back towards the educated player who can count cards and certainly the game to learn how to play if you are going to attend casino's frequently.

Bennett's response was BS. At a $500 table he would be treated with respect and there is no table talk by rule.

You see, he is a phony even to the gambling community.


If it does not make sense to you, that's fine, but there are couple people on this thread who understand the gambling industry.
112 posted on 05/05/2003 12:57:09 PM PDT by JohnGalt (They're All Lying)
[ Post Reply | Private Reply | To 99 | View Replies ]


To: JohnGalt
Vegas keeps 24 cents on every dollar gambled in its machines.

That's flat out wrong. They actually, typically, will keep around 1-3 cents.

125 posted on 05/05/2003 1:03:48 PM PDT by Mr. Bird
[ Post Reply | Private Reply | To 112 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson