Quote:
Originally Posted by LubeMaster77
Its gambling when you place a wage that could pay back a devidend. Thats a could, not a would. Not really that different from the NYSE.
Vegas is a very amazing city with some incredible buildings...all built from loosers. While I am sure you can win, the chance that you will win more than lose is a big nope.
They are very good at figuering out how to take your money while providing you a thin vail of entertainment. The gamblers hope is that the next throw will turn things around. Ultimately it won't.
The food is great though...
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There is a reason why the House will decline your play if they figure or think you are counting cards in Black Jack. A few years back it was considered to be a felony to count cards, but that was overturned by the courts as being part of a skill set and not cheating.
As stated casinos work off a percentage of every dollar wagered. Therefore they are not gambling but are collecting a percentage of the cash flow. The object of every good gambler is to minimize the House advantage in the odds by as much as they can. This is where skill in the manipulation of what, where and when you bet comes in.
I have won a lot of money over the years playing Poker if you do not deduct the cost of the blinds as being a seat rental charge. The casinos have figured out exactly what the rental charge should be so as to keep the profitability margin down for the players. On a year over year basis I have played at a slight profit margin or break even. When I don't I stop.
The House as an incentive or promotion can offer a Bad Beat Jackpot and a share to the players either at the table or playing in the Poker room. This Jackpot can amount to many thousands of dollars. For instance my friend s wife hit it for 60K and since she is not only a good player but also plays lucky it just added to her profit margin. What one can consider this promotion to be is a rebate on the seat rental charge as a bit of every hands Blind goes to pay for this promotion.