Casino has nice carpet, a staff of people, an electric bill to make a grow-op owner blush, plus massive profits.

I always go into the Casino knowing that it's there for entertainment and for them to make money and not the other way round.

I make and lose money playing a different game. I walk into a casino with $50 and I can have as much fun as the guy who's playing with $5000. The difference is I'm playing to have fun and not make money. If you walk in with the mentality you're going to make money, you deserve to lose every penny.

Great Canadian MDA for Q3 2008

Check out page 11 if you want to know how much RR takes in. Gross Revenues from RR was ~350K per day and EBITDA was ~135K per day for 9mths 2008.

What is table drop and table hold?
What about slot coin-in?

On page 12, they break things down for the RR.

Uh, no.

My uncle in Washington state survives by the casino. He's freakin' hardcore at blackjack =|.. plays by $1000 each hand.. I was lucky enough to get in the casino over there with him and watch him play.. pretty intense stuff.

Ctrl+find is your friend.

From the MDA:

"Table drop means the collective amount of money customers deposit to purchase casino chips to wager on table games, and is commonly computed as the aggregate of money counted in the table games’ drop boxes. Generally, the table drop is an indicator of our gaming business, however over the short-term, the table drop is subject to shifts in customer behavior around buying, retaining and cashing-in of casino Table hold is calculated as the table drop plus or minus the net change in casino chip inventory.

Table hold percentage is the ratio of table hold divided by table drop. Table hold percentage fluctuates with the statistical variations or volatility inherent in casino games, as well as with changes in customer behavior around buying, retaining and cashing-in of casino chips.

Slot coin-in is the aggregate of money customers have placed into slots or electronic machines."

Well, I could see how it is plausible. Though not guaranteed, it certainly can be done.

Say if you bet $100 on blackjack. You lose. (loss of $100)
The next hand, you play $200, you lose. (net loss of $300)
The next hand, you play $400, you lose. (net loss of $700)
The next hand, you play $800, you lose. (net loss of $1500)
The next hand, you play $1600, you win. (net win of $1600 - net loss of $1500 = net gain of $100)

If you do have enough money, it is possible to "win" but again because of probability, it will never be guaranteed. But if you have an unlimited source of money, it is bound to happen (again because of probability).

And what happens if you lose he $1600 and the next few hands. You are going to keep doubling up? That is why they put table limits so you can't do that. once you reach the max, you are screwed.

There is NO guarantee and safe way to win. Even if you have a million dollars.

I thought there were no limit tables?

But what you have to say is certainly true! Again, the odds are against you but there is a chance of winning. And as I said, it isn't ever guaranteed. But it is plausible.

One CANNOT make money at ANY table game in a Casino. The "doubling bet" thing only works if you have an infinite amount of money and there are no table limits... if you do have unlimited funds you should consider what the heck you're doing in a Casino anyways.

The only way to actually make money at a Casino is to play poker... or be a man-whore.

No, it's not plausible. Of course there are table limits.

But it doesn't even matter if there are no table limits... it still won't work.

Sure, you will probably win $100 most of the time you do this, but the ONE TIME it doesn't work (as in you go on an unlucky streak and lose 5+ in a row), you're going to lose your shirt.

The bottom line is it is more likely that you'll get one of those unlucky streaks before this strategy works enough times to make it a positive return.

It will NEVER be positive expected value. Period.

facepalm, shakes head

not true, i know quite a handful of ppl that play poker for a living/part time with very modest hourly earnings, i had to do the same for a few months last year

it's far more than 1 in 10 mln, it's more like 1 in 15 or less ppl that have a positive earning rate that one can live off of

I read before in an article, the writer was estimating somewhere between 10-15% of ALL poker players are winning players. While a even smaller amount are winning enough to make a living out of it. The rest are break even or losing players in the long run. And "in the long run" i'm not taking about 6 months or a year, it means your life time.

I'm not sure about table games, but i'd expect it to be an even smaller percentage of winning players over the long run since no house game gives the players an edge or even money.

no no, what i meant is the feeling of walking out empty handed haha

i know what you mean, i've been on a roll at bj for the past 2 weeks, but before that i had the shittiest luck.

U can't get your money back if you sit here posting on RS, go borrow some money from family/friends/dealers/loan sharks etc.... and put it all on one number on roulette, if you win you'll win big, if you lose you can kill yourself

hilarious how ppl think they can make money from casino

I just got a check for $500us for online betting on sportsbook, I'm pretty happy since I only started with $50 and still have that on my account.

:werd:

I laugh at all the people I know that go to the casino to give their money away :D

this is how u do it.

BUT.. it can only be done now in Vegas it would seem, all the local casinos have changed their limits so that theres no way u can chase your losses more then 4 times

at edgewater today to kill some time

2 cent slot machine, first roll 15 lines 3 per line, nothing, second roll, 3300 credits

later on won 1900 then 980 =)

River Rock aren't making much money anymore. Their stock plummet from $12 to $2.80 during the past 12 months.

Yep. Guess all the casinos were built by people winning. :rolleyes:

wow thats my fav quote thanks!

hahaha... terrible lol

gambling in hopes of winning is stupid. this is why i don't gamble at all. losing money is not a good feeling to have. can't imagine dropping 1 or 2 grand and losing it all in 1 night in return for nothing.