97% of casino patrons are losers?

[olds442jetaway]

I have no way of verifying the above, but I heard a Mohegan Sun employee tell another one about a year ago that 97% of patrons in any given day walk out losers. Than number wouldn't surprise me based on the number fo glum faces heading for the elevators on the way home. I also think that number if correct would be much lower if people (including me)  would quit for the day when they are a little bit ahead. Just curious if anyone knows if that percentage would be anywhere near correct for the avereage casino.

[shadowman]

Probably true for slot machines. Definitely not true for BJ or poker players. Also not true for VP (probably closer to 80%).

[Vman96]

Only 3% on any given day? No way in hell. There are enough hit and run types for more than 3% of players to be ahead, and enough short-term variance in casino games to allow more than 3% to be ahead. I would think it's closer to 20 to 25% of patrons have a winning day (of any size). Totally educated guess on my part though. A lot of it depends on the average amount of time the typical patron plays. If everyone had to play 8 hour days playing penny slots, then the percentage would be quite low, but still probably higher than 3%.

From this paper on slot machines:
http://www.nh.gov/gsc/calendar/document ... _dixon.pdf

You are 5% likely to have a 103%+ return (up $225 or more at $0.75 a pull) after 10,000 spins of "Double Diamond Deluxe" (a 92.5% slot machine).

[faygo]

You are 5% likely to have a 103%+ return (up $225 or more at $0.75 a pull) after 10,000 spins of "Double Diamond Deluxe" (a 92.5% slot machine).
 
In my experience  DDD is  not as good as the Original Double Diamond.  This is especially true on the $5 and up macvhines. I place the DDD at somewhere, just barely, North of 87%

[Vman96]

In my experience  DDD is  not as good as the Original Double Diamond.  This is especially true on the $5 and up macvhines. I place the DDD at somewhere, just barely, North of 87%

It's definitely possible that the long term returns are lower on other units. Basically I just used that example because they had the PAR sheet and did this type of math work already on the 92.5% version (a reasonable payback for quarter slots).

[ravenbynight111]

 You are right on,there is no doubt,since 2007 the casinos are killing people.Do any of you know what the avg person gambles on a 2 day vegas weekend. i will let you know in a later post.

[Vman96]

 You are right on,there is no doubt,since 2007 the casinos are killing people.Do any of you know what the avg person gambles on a 2 day vegas weekend. i will let you know in a later post.

Considering Missouri is about $100 per patron per day in losses, I would guess at least an average $500 loss for a 2-day Vegas weekend.

[ravenbynight111]

about 85 dollars my brother thought i was nunts untill he seen the sign at the vegas airport

[Onenickelmiracl]

[QUOTE=ravenbynight111]  You are right on,there is no doubt,since 2007 the casinos are killing people.Do any of you know what the avg person gambles on a 2 day vegas weekend. i will let you know in a later post.

Considering Missouri is about $100 per patron per day in losses, I would guess at least an average $500 loss for a 2-day Vegas weekend.[/QUOTE]Doubtfully so low. I remembered a study something to the effect the average room in Vegas comes with $500 to gamble and collectively loses $3500.