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In 1998 Gambling was a $400 Billion/yr. business in the U.S.|
$1,600 / person
Contact Gamblers Anonymous, (213) 386-8789, if you are a compulsive gambler. According to them "recovery from one of the most baffling, insidious, compulsive addictions will require diligent effort. HONESTY, OPENMINDEDNESS, AND WILLINGNESS are the keys."
Cost/Loss per Hour for popular games
Loss/hr. assumes playing strategy with best odds.
Minimum bet. Increased bets for doubling/splitting in blackjack and taking odds in craps and raises in poker are included in the cost calculation.
** Decisions/hr. can vary depending on the number of players. Typical figures for blackjack are from 50-95 hands/hr. For craps we assume you are playing only the pass line and 200 throws/hr. with an average of 2.7 throws/decision.
(1) Nevada odds used in Cost. Atlantic City house edge is less (see Roulette)
Average 5-12% house gain. (i.e. for every $100 you bet you will loose $5-12)
Keno 25-30% house edge. odds on 8 out of 8 are 230,000 to 1. odds on 10 out of 10 are 9 Million to 1. See Keno OddsSee Also:
Table Games (Black Jack, Craps, ...)
House Advantages at Internet Gaming Commission
The Wizard of Odds
Bad Bets at casinoplayer.com
poker odds and probabilities.