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Loss Rate

Discussion in 'Casino Gaming' started by marksind, Sep 12, 2014.

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  1. marksind

    marksind Low-Roller

    Joined:
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    42
    I should know what to call this after all these years, but I'm saying "loss rate" for now. Does anyone else keep track of their percentage losses? I don't do it exactly, but have a fairly good idea at the end of a trip how much we've run through machines and tables. We consistently stick with "full pay" video poker games where we know the correct plays and table games like blackjack and pai gow with low house edges. We avoid tables with crappy rules and 6/5 blackjack payout. The only sucker bet we make is the fortune bet on pai gow, and then only a dollar or two.

    In theory we should be giving the house maybe 2%, but I drink when I gamble and can be inattentive at times and make mistakes. And I have to count my wife's activity too, but she is even more conservative and plays at a slower pace. Generally we are down after a five-day trip (our usual Vegas visit) about 6% to 7% or so of our total play. Occasionally we are lucky and finish close to even or up a bit. I am wondering if our experience is typical or if maybe I should get more serious when I'm playing (my wife concentrates harder).
     
  2. Chuck2009x

    Chuck2009x VIP Whale

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    All my trips except the most recent one, it's pretty consistently been within a point or two of 20%. Craps, bacc and slots. I normally have at least one patch of superbad variance or a real bonehead move that accounts for a quarter to a half of that.

    I've seen a couple of different casino execs quoted as saying they expect to hold 15 - 20%, so I wouldn't feel bad losing 6 or 7%.
     
  3. pressitagain

    pressitagain Low-Roller

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    I would agree with Chuck. For us, it's an even higher percentage.

    Go BIG or Go home. That's our motto!!!
     
  4. Gamesman

    Gamesman VIP Whale

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    Yep. I usually leave with a lot or a little.
     
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