Gambling Statistics Sept. Update ~ Beat Goes On

Discussion in 'General Craps Discussion' started by eagleeye2, Oct 5, 2018.

  1. eagleeye2, Oct 5, 2018

    eagleeye2

    eagleeye2 Member

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  2. eagleeye2, Oct 5, 2018

    eagleeye2

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    #2
  3. Grizzoola, Oct 5, 2018

    Grizzoola

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    Doesn't hold mean profit for that game? If so, at around a 13.5% "profit," the casinos doing pretty good w/ craps. Wish I could do that w/ my investments!
     
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  4. von duck, Oct 5, 2018

    von duck

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    Their actual "take" would depend on how much action there was, and there is a lot of overhead to book craps. The percentage itself, does not tell us what we really want to know. :)
     
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  5. von duck, Oct 5, 2018

    von duck

    von duck Member

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    Your definition, is a lot closer than the one offered by UNLV. :cool:
     
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  6. eagleeye2, Oct 6, 2018

    eagleeye2

    eagleeye2 Member

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    von duck,

    So UNLV's House Take, of 14.9%, YTD, 2018 is off slightly by your definition?

    https://gaming.unlv.edu/reports/nv_...enter for Gaming Research Update&utm_campaign

    The Chart, however shows that the Casino's ""House Take"" has been RISING since 2009!

    So in your opinion, have Casino Countermeasures defeated any DI they have dealt with over the past 9 years, or is there another answer?

    eagleeye2
     
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  7. Mssthis1, Oct 6, 2018

    Mssthis1

    Mssthis1 Member

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    Most of it is bonus bets. The rest is most gamblers these days would rather buy in for small amounts and go big or go home instead of making the bets that give them the best chance of winning over the long term.

    I used to get a kick out of my deceased mother and law. She'd brag about winning $600 on a slot machine but would neglect to mention that she put $800 into the machine before it finally hit $600. ;)
     
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  8. eagleeye2, Oct 6, 2018

    eagleeye2

    eagleeye2 Member

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    Mssthiss,

    Yes, Prop Bets, which have become more popular in recent years could lead to Higher Casino Takes, but why the continuing increase in House Take, unless the Casino's are somehow Outsmarting the average Craps Player?

    eagleeye2
     
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  9. Mssthis1, Oct 6, 2018

    Mssthis1

    Mssthis1 Member

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    Every time someone makes a prop or bonus bet casinos are outsmarting the average craps player. Duh!

    I'm surprised the house hold isn't 50% or higher the way the average craps player bets.
     
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  10. von duck, Oct 6, 2018

    von duck

    von duck Member

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    OK, now listen real close. What I said was, that Grizzola's definition of "HOLD" was better than UNLV's definition, as it is stated on your post. They have an incorrect definition, of "hold" in my oppinion. I'm not arguing the numbers. Do you understand? What they are calling "hold". I would define as "Realized house edge". :) "DIG MAN"?
     
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  11. eagleeye2, Oct 6, 2018

    eagleeye2

    eagleeye2 Member

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    von duck,

    I don't care what they call it, """Realized house edge""" is fine.....

    What I am asking is: WHY HAS IT CONTINUED TO GO UP FOR THE LAST 9 YEARS????

    Any thoughts there?

    eagleeye2
     
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  12. James Hall, Oct 6, 2018

    James Hall

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    Where the casinos really stick it to players is with
    the pass line and come bet and players just keep on
    playing them , over and over again.
     
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  13. eagleeye2, Oct 6, 2018

    eagleeye2

    eagleeye2 Member

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    Get Real James,

    The Pass & Come Bets have the LOWEST House Advantage of any bet on the CRAPS TABLE, period!

    Ask yourself how the Casino's get to 14.9% House Take, with the 1.4% to 1.5% House Take BETS!

    Recall that that 14.9% includes those, like yourself, that Win more than they Lose!

    eagleeye2
     
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  14. TDVegas, Oct 6, 2018

    TDVegas

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    Watched a lady yesterday pour in $100 after $100 lost....9 times. $5.28 per spin on an Asian slot. I think her biggest hit was around $26 on any one spin. It wasn't even my money and I walked away disgusted. Maybe in 15-20 minutes the $900 was gone.
     
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  15. James Hall, Oct 6, 2018

    James Hall

    James Hall Member

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    What odds does a pass line bet pay??
    what odds does a come bet pay??

    $6 on the come line , $6 placed on the 6 which pays the most.
    I only play the pass line for $5 when I have the dice
    and only then because they require it & seldom place the odds
    because I have a place bet on whatever number might be the point
    I NEVER PLAY THE COME.
    Somebody months ago said the , COME bet sucks.
     
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  16. von duck, Oct 6, 2018

    von duck

    von duck Member

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    This stat is more an indication of players willing to lose more of their buy-in, then it is anything the casino is doing, with the exception Perhaps, of fewer and fewer low limit tables. In the long term graph you posted the last time, it was very evident that the % followed the over all economic trend of those years. So, for the last 9 years the economy has been steadily improving, hence, the % has been steadily growing. This is my "take" on the thing. :cool:
     
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  17. Mssthis1, Oct 7, 2018

    Mssthis1

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    When talking about common accounting practices do you know what the term "churn" and "theoretical hold" means?

    If a person makes one $100 bet on say the pass line the theoretical hold is 1.41%

    Churn that same $100 over and over until it equals 10 $100 pass line bets and the theoretical house hold is 14.1%

    If you want to look at how seemingly minor rules make a huge difference look at the Iowa stats. The horseshoe uses Vegas rules on the 4/10 buys, all the rest are vig up front. Their house hold is typically several percentage points lower than the other Iowa casinos.

    Tightening of marker rules is part of the increase also. I used to take a marker at a certain Vegas casinos craps table, make one bet and bolt for the cage to cash it in and go casino hopping. Now that casino makes you pay it back now when you try to cash in. That rule change that isn't even related to craps is going to increase the house hold.
     
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  18. von duck, Oct 7, 2018

    von duck

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    Some very good "points" made here, and, you could also throw in the popularity of ATS, FIRE BETS, and such, which draw in less disciplined bettors. A pre-pay vig, amounts to one extra vig paid per seven out, so it's no small thing. Good post "whoever you are". :D
     
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  19. The Midnight Skulker, Oct 7, 2018

    The Midnight Skulker

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    Given your incessant pronouncements that Pass/Come bets suck because they do not pay as much as place bets I find it curious that when forced to make a Pass Line bet, and that bet establishes a point (on which you presumably had a working place bet), you do not move some/all of the place bet you had on that number (or take some/all of the profits therefrom) and take odds, which pay better than the place bet.
     
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  20. James Hall, Oct 7, 2018

    James Hall

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    During the process of my throw I may make several adjustments
    in the bets I have , I may totally remove some altogether,,
    I may remove all or part of a bet and place it on a different number.

    I PAY ATTENTION to what is happening and bet accordingly.
    As far as the pass line bet is concerned I prefer not to hit it.
    If the point is a 6 or 8 I will try to throw other numbers until
    I decide to try to make the point , 6 or 8 , then I set to make it the hard way.

    Rather than having money on the pass line , I would rather
    have it on numbers where I can adjust or remove as need dictates
     
    #20