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Old 05-30-2007, 12:03 PM
pig4bill pig4bill is offline
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Join Date: Dec 2005
Posts: 2,658
Default Re: Will B&M rake go up again?

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"Simply stated, the poker player isn’t being charged enough for the entertainment experience," Awada continued. "Nowhere else in the casino can you play for hours at a cost of just a handful of dollars."

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Oh! What a fibber he is! I can get a gambling entertainment experience a lot cheaper than sitting at a poker table.

How much does the casino make from a craps player who stands at the table betting $5 on the pass line? They win about 1.4% of that $5 each point. Dunno how many points per hour a craps table averages, but it's not huge. 20? So they make 7 cents per point, 20 points per hour, or $1.40/hr from a craps player betting the minimum. Maybe $2/hr if they get closer to 30 points/hr? They make a lot more than that from every poker player using probably fewer resources to handle 'em.

Or I can sit in the Keno lounge and play a $1 ticket every 10 minutes. If they take 30% of that they're making $1.80/hr.

I'm less familliar with the speed at which bacarrat and pai-gow play, but someone sitting at a table betting the minimum isn't making the house very much.

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The difference is there may be a dozen people at a craps table, all losing the vig to the casino at the same time. Ditto the keno player, who's floor space requirement is only what it takes to fit a chair, about 2 square feet. Poker only rakes one pot per table.
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