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The maximum win rates part is normally clear by the game (for example, for Roulette or Blackjack you can see odds) or otherwise regulated by local/government la

The maximum win rates part is normally clear by the game (for example, for Roulette or Blackjack you can see odds) or otherwise regulated by local/government laws (e.g. for games of pure chance like slot machines). > and otherwise fully detail their "we throw out anyone that wins" policy up-front They can just ask the gambler to leave the premises - I cannot imagine some 'libertarian free market' solution which would force casinos to allow anyone to enter the premises and gamble (provided it's not clear discrimination). Being able to count cards isn't some sort of protected class, right?

handoflixue 5y ago
> The maximum win rates part is normally clear by the game (for example, for Roulette or Blackjack you can see odds) That's the AVERAGE win rate. The maximum win rate is "if you make more than $10,000 in profit, we'll throw you out", and I've never heard of that being made explicit. The point is that if you're going to throw out people who win more than a certain amount, you're not actually offering a fair game. There are secret rules that you haven't been told, and they very clearly bias your overall odds. You certainly shouldn't be able to advertise "you could win big!" if your policies make that impossible. --- There's clearly precent in other industries, too: If a grocery store advertises a sale on milk, they have certain obligations to offer a rain check if they run out. "According to the Fair Business Practices Act, it is unfair or deceptive if a store advertises goods without intending to sell them or to provide reasonable amounts of the advertised products without providing notice that supplies are limited." Casinos are advertising the chance to "win big" but have no intention of ever actually paying out.
- HWR_14 5y ago
  Casinos are just fine with big payouts. They know if you run a lottery, you're going to write some checks. And besides, winners are great PR. They are not fine with playing a game that does not advantage them.
- noxvilleza 5y ago
  > That's the AVERAGE win rate. I thought that they were suggesting it's ~ the average winrate given optimal play.
kadoban 5y ago
The house edge of Blackjack, depending on the rules used, is negative with skillful play (counting cards). Casinos kick out card counters. The rate at which you can win before the casino kicks you out is not public.

handoflixue 5y ago

> The maximum win rates part is normally clear by the game (for example, for Roulette or Blackjack you can see odds) That's the AVERAGE win rate. The maximum win rate is "if you make more than $10,000 in profit, we'll throw you out", and I've never heard of that being made explicit. The point is that if you're going to throw out people who win more than a certain amount, you're not actually offering a fair game. There are secret rules that you haven't been told, and they very clearly bias your overall odds. You certainly shouldn't be able to advertise "you could win big!" if your policies make that impossible. --- There's clearly precent in other industries, too: If a grocery store advertises a sale on milk, they have certain obligations to offer a rain check if they run out. "According to the Fair Business Practices Act, it is unfair or deceptive if a store advertises goods without intending to sell them or to provide reasonable amounts of the advertised products without providing notice that supplies are limited." Casinos are advertising the chance to "win big" but have no intention of ever actually paying out.

HWR_14 5y ago
Casinos are just fine with big payouts. They know if you run a lottery, you're going to write some checks. And besides, winners are great PR. They are not fine with playing a game that does not advantage them.
noxvilleza 5y ago
> That's the AVERAGE win rate. I thought that they were suggesting it's ~ the average winrate given optimal play.

kadoban 5y ago

The house edge of Blackjack, depending on the rules used, is negative with skillful play (counting cards). Casinos kick out card counters. The rate at which you can win before the casino kicks you out is not public.