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Related Resources

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ARTICLE_DATE March, 02 2009 00:01:00
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ARTICLE_TEXT <p>&quot;It's our duty to extract as much money from the customer as we can and send them home with a smile on their face.&quot;&nbsp; --<a href="http://casinogambling.about.com/od/oddsandends/a/houseedge.htm">Bob Stupak</a>, former owner of Vegas World Casino.<br /><br />The recent proliferation of casino advertising on local tv certainly abounds with smiling faces.&nbsp; Not a loser anywhere in sight!&nbsp; But the <a href="http://www.americangaming.org/programs/responsiblegaming/guide_to_odds.cfm">American Gaming Association</a> is very upfront about this--&quot;over time the house will come out ahead&quot; and &quot;casino gaming should not be considered a way to make money.&quot;&nbsp; They even publish an <a href="http://www.americangaming.org/programs/responsiblegaming/house_adv_chart.cfm">eye-opening chart</a> which shows, for every $100 bet, how much the player should expect to lose.&nbsp; For example, the dollar slots are a &quot;better deal&quot; since the player should expect to lose between $2.50 and $6 per $100 bet, rather than the $7 to $12 the nickel slot player would lose.<br /><br />So unless you are willing to view the loses as an entertainment expense, you'd better find your smiles elsewhere.</p>
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Business

Leave Them Smilin'

"It's our duty to extract as much money from the customer as we can and send them home with a smile on their face."  --Bob Stupak, former owner of Vegas World Casino.

The recent proliferation of casino advertising on local tv certainly abounds with smiling faces.  Not a loser anywhere in sight!  But the American Gaming Association is very upfront about this--"over time the house will come out ahead" and "casino gaming should not be considered a way to make money."  They even publish an eye-opening chart which shows, for every $100 bet, how much the player should expect to lose.  For example, the dollar slots are a "better deal" since the player should expect to lose between $2.50 and $6 per $100 bet, rather than the $7 to $12 the nickel slot player would lose.

So unless you are willing to view the loses as an entertainment expense, you'd better find your smiles elsewhere.


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