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The casinos more than understand this. They can tell you the break down between whales and average gamblers. The problem is there's a really uneven distributio
by mattmaroon 10y ago
The casinos more than understand this. They can tell you the break down between whales and average gamblers.
The problem is there's a really uneven distribution. They probably get 50% of the wagers from 1% of the gamblers. But they still have enough whales that they rarely have a losing day.
- brianwawok 10y agoI think he overestimates the whale size. If indeed a whale was betting 100 million on black or red at roulette, and the total bankroll of the casino was 500 million.. it would be very easy for the casino to go under. But if the max bet on a spin of roulette is 1 million dollars, and the casino has 1 billion dollar bankroll.. you can do the math of the odds of a whale busting the casino. Hint: It does not look good