Best Losers in Gambling

LOSERS IN GAMBLING BIGGEST Amajority of gamblers lose money.The odds are stacked against the player, and over the long term, the casino will be the big winner. But not all games are created equal. In which games do you find the biggest losers? Which cCountries have most losing players? What is the percentage of losing players in poker? If you like gambling anyway, what are the most favorable games to choose? Expected Loss after $1,000 Wagered 6%, 5.26% Slots in this example have a 94% payout rate $60 $52.60 $27 2.70% $14.10 144% Š10.60 LO6% $5 0.5% $4.60 (046% SLOTS DOUBLE ZERO PAI GOW CRAPS ВАССARAT BLACK JACK In slots, the house advantage differs from machine This varies from casino to casino and can be up to 98% to machine. The figure for the house edge is based on optimal play by the gambler. In reality, based on how people actually play in a casino, the house edge is much higher. Expected Loss after 10 Hours of Play GAMES/HOUR AVERAGE LOSS/ 10 HOURS JACKPOT 800 $600 SLOTS ONE OFF $23 VIDEO POKER 400 $38 BACCARAT 72 $18 BLACK JACK 70 $34 CRAPS 48 $100 DOUBLE ZERO ROULETTE 38 THEN 8100 $46 PAI GOW 34 VIDEO POKER In the Video Poker example, the chance of hitting the jackpot is taken into consideration. Take that away and the edge goes up by l-2% and the expected loss for 10 hours of play lands somewhere around $100 Losses for video poker and slots are based on S1.25 bets. For the rest of the games it's $5 bets. 81.25 85 The average loss per hour depends on how fast the games are. Slower is obviously better in all games with a negative expectation. How Many Poker Players Are Winning Players? In poker it's possible to beat the game and become a profitable player in the long run. Most players don't do that. They have to beat both the players and the rake BIG WINNERS 0.5% WINNERS 9.5% BREAK EVEN 5% LOSERS 75% (the commission the game organizer takes from every pot). BIG LOSERS 10% Where Do the Biggest Gambling Losers Live? LOSS PER RESIDENTADULT", 2010, USD AUSTRALIA SINGAPORE IRELAND CANADA FINLAND ITALY HONG KONG NORWAY GREECE SPAIN SWEDEN DENMARK USA BRITAIN #1 JAPAN 0. 300 600 900 1200 1500 *AGED 17 OR OVER SOURCE: H2 GAMBLING CAPITAL Who's the Smartest Gambler? A The slots player who hit that seven-figure jackpot. He was an idiot The low-stakes A blackjack player who gulps down when he sat down (just look at the stats!) as many complementary drinks as he possibly can (but still is able to follow the basic strategy). but a genius when he got up. WIN? The poker shark who's able to outplay the ones hes up against (and beat the rake). References: http://wizardofodds.com/gambling/house-edge/ http://www.economist.com/blogs/dailychart/2011/05/gambling?fsrc-scn/tw/te/mp/thebiggestlosers http://www.twoplustwo.com/ CASINO TOP CASINO HOUSE EDGE ROULETTE VIDEO POKER EXPECTED LOSS TOPIO Dio e o = E E E. %24 ESA Australia