Casino Talks

Posted by: Freddy at November 10, 2000, 2:36 am

Topic: Chargeback article on front page... Forum: Winner Online

Now, chiluns! These terms are well understood by land lubber PBs, but I guess maybe cyber joints can make up their own definitions.

The "drop" is what goes into the "drop box." It is literally what a table or machine scarfs up in cash from the player BEFORE he redeems his chips at the cashier. So the "drop" is a ery different thing for blackjack as opposed to a slot machine.

The "hold" is the percentage of a player's buy in that the casino expects to keep. It, too, is an imprecise term, but it's all the pit critters are expected to track, cause "action" aries so greatly from day to day, and gambler to gambler.

Often, you will see "hold" expressed as an hourly figure, as in "the hold at roulette is 20% per hour." Other times, you will see "hold" quoted per *customer* - and the most common figure I've seen for that is 40%. Guy walks into a casino with 40 bucks in his wallet, he can expect to walk out with 60.

The percent payouts are based on total WAGERS (not the original deposit) and are comparable to the house "edge," which is a mathematical term. (Hold is an empirical term.) In the article, the author specified $1,000,000 in wagers, so 3% of that would be $30,000. Subtract $30k from the $36k deposit, and you have a little different angle on the whole story, I would say!

Sure seeeeeems to me the right kind of hold to use in the article is per *customer*. The 25% bonus is only given once per customer, or per deposit anyway. I stand by my first post. Not gonna give an inch.

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