"1% may not sound like a lot, but it's more than the typical casino edge in a ga...

wozniacki · on July 20, 2015

  Blackjack, video poker and some bets on craps are the only
  times in a casino where the house edge shrinks to below 1%.

Care to cite your source for this or are you a gaming industry insider?

PhantomGremlin · on July 20, 2015

There's no need for a source. It's common knowledge. Many books, websites, and research papers have extensively studied those games.

Edward Thorp is a mathematician who did a lot of analysis about blackjack over 50 years ago.[1] He's a seminal figure in this field.

Here's one site I recall mostly because it has a memorable name: http://wizardofodds.com/

[1] https://en.wikipedia.org/wiki/Beat_the_Dealer#History

jhardy54 · on July 20, 2015

> There's no need for a source. It's common knowledge. Many books, websites, and research papers have extensively studied those games.

It's obviously not common knowledge to the person that's asking the question. :~) Thanks for the source though.

mod · on July 20, 2015

That one person doesn't know it doesn't mean it's not common knowledge.

That said, the edge is not always below 1%. It varies based on the rules. Some games don't allow a surrender, for instance, which changes the edge pretty drastically.

albedoa · on July 20, 2015

> Care to cite your source for this or are you a gaming industry insider?

Strange dichotomy to those of us who have been to a casino. They tell you right at the games — you don't need to be an industry insider.

wozniacki · on July 20, 2015

You are assuming a lot there. Slow your roll.

No casino in the states of NV, CA or LA has ever informed me nor have I seen other patrons be duly made aware of the 2%-15% for the slots nor the 1% for Blackjack, Video poker or Craps.

In Nevada, I don't see any stipulation they're even required to, by the Nevada Gaming Commission. [1]

[1] LICENSING AND CONTROL OF GAMING - GENERAL PROVISIONS

https://leg.state.nv.us/NRS/NRS-463.html

albedoa · on July 20, 2015

Neither I nor anyone has said that they are required to make you aware, let alone "duly" so.

For instance, it makes good business sense for a casino to advertise their 94.64% slot return since they still have an edge. You don't have to be an industry insider or close to it to learn this information, as you implied.

windowsworkstoo · on July 20, 2015

It says it right on the card on the table that explains the min/max bets (in Aus at least). Also, it's basic stats which can be applied depending the house rules.