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The hold is always higher than the edge, meaning that casinos always make more money than they theoretically should in each game. Most players are not experts in their chosen game.
Casinos count on players making poor decisions. In a standard blackjack game in which the player is not using a card counting system the house edge is.
So you lose more money than mathematical theory says you should. While the blackjack house edge is a paltry. For example, some Vegas casinos have recently begun paying only , rather than , on blackjack hands.
This has been shown to increase the edge by 1. And given that most players at these tables make strategic errors, one can bet that the hold is very high as well.
The popular game of baccarat has made casino gambling news in Vegas and Macau casinos, with the Daily Mail reporting that in it overtook blackjack as the main source of revenue for Vegas casinos.
While the house edge in baccarat is almost nil on this game of chance, the hold percentage can be huge. Vegas casinos generally report making 11 percent of all money wagered on the game.
How can the hold be huge on a game with a small house edge? Baccarat is the game of choice for Asian high-rollers, many of whom come to Vegas and wager millions of dollars in a single night.
Casinos also charge a 5 percent commission when the banker wins a bet, which can potentially be a huge amount. However, the gargantuan nature of baccarat betting causes major variance in the hold, as players can just as likely win huge amounts from the house in a given night.
While Vegas casinos reported an average take of 11 percent on the game, some casinos reported a hold as low as 3.
Just as a huge night can pay for an entire month, it can also wipe out a month of profit. Your email address will not be published.
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