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Old 11-05-2007, 04:37 AM
Josem Josem is offline
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Join Date: Jan 2007
Location: Victoria, Australia
Posts: 4,780
Default Re: A Note on Variance

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i guess if some megawhales accounted for a very large percentage of the casino's action over only a few bets they could run this bad...

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I'm fairly confident that this is right.

After all, if the largest casinos are hosting punters who are are gambling up to $200k per box, and playing six boxes of BJ (ie, $1.2million per hand) and your quarterly profit before one-time items is $120million or so, it doesn't take much for the high rollers to get lucky and put a hole in your earnings.
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