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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 01-29-2009, 12:22 PM   #101
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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.
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Old 01-29-2009, 01:18 PM   #102
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i heard the best time to gamble is between 12 - 3 am becuase by then the casino has usualy reached its quota for the day and can afford to give away some chips, river rock probably makes 100k a day, that casino was payed off in a year and it was like 1 billion or smth i dno cud be wrong ..
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.
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Old 01-29-2009, 03:45 PM   #103
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What is table drop and table hold?
What about slot coin-in?

On page 12, they break things down for the RR.
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Old 01-29-2009, 04:15 PM   #104
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if you have enough money, there are ways to play safe and pretty much guarantee positive results

it's idiots who go into the casino everytime looking to make money, and who dont have enough to chase losses who are devistated time after time
Uh, no.
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Old 01-29-2009, 04:20 PM   #105
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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.
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Old 01-29-2009, 04:21 PM   #106
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What is table drop and table hold?
What about slot coin-in?

On page 12, they break things down for the RR.
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."
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Old 01-29-2009, 04:33 PM   #107
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Uh, no.
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).
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Old 01-29-2009, 04:36 PM   #108
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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.
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Old 01-29-2009, 04:42 PM   #109
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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.
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Old 01-29-2009, 05:18 PM   #110
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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.
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Old 01-29-2009, 05:56 PM   #111
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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.
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.
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Old 03-28-2009, 08:23 PM   #112
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My buddy who always wins/loses big turned 200 into 6500 at boulevard, he ended up down 400 in the samenight, ducking idiot

Not to mention he was broke at the time..
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^^ those people are PROFESSIONAL gamblers. maybe 1 out of 10 million people can do it.

its all the wanna be's that think they are "World Series of Poker" calibur that end up getting wiped out and feed the Casinos.
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
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Old 03-28-2009, 08:43 PM   #113
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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.
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Old 03-28-2009, 10:45 PM   #114
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i don't club all that much but how expensive can it get?

I would say if you lose $100 at a table, 30% of it should be the cost of entertainment. If you win, the better.


When you gamble you can get on weeks of winning streaks and one bad day can wipe out your entire streak.

I was winning about $2500-3000 for the last 2 weeks then 2 days ago, got wiped out and lost $2000.
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.
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Old 03-28-2009, 11:15 PM   #115
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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
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Old 03-29-2009, 01:41 AM   #116
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hilarious how ppl think they can make money from casino
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Old 03-29-2009, 02:38 AM   #117
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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.
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Old 03-29-2009, 08:11 PM   #118
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hilarious how ppl think they can make money from casino


I laugh at all the people I know that go to the casino to give their money away
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Old 03-29-2009, 09:32 PM   #119
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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).
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
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Old 03-29-2009, 09:39 PM   #120
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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 =)
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Old 03-29-2009, 09:58 PM   #121
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This makes no sense.

100k/day x 365day/1year = 36.5million/year (or 36.6mil/year if a leap year)

How the hell does that even come close to a billion?

Could be wrong? How about.... For god damn sure you are wrong according to your equation.

For 1 billion, it would need to be roughly 2.74 mil a day.

River Rock aren't making much money anymore. Their stock plummet from $12 to $2.80 during the past 12 months.
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Old 03-29-2009, 10:10 PM   #122
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hilarious how ppl think they can make money from casino
Yep. Guess all the casinos were built by people winning.
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Old 03-29-2009, 11:17 PM   #123
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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.
wow thats my fav quote thanks!
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Old 03-30-2009, 01:35 AM   #124
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go withdraw $3400 and get back in there and try again with $1700 of it. if you lose, you still walk out with $1700 so its like you broke even. sorta.
hahaha... terrible lol
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Old 03-30-2009, 02:04 AM   #125
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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.
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