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1 minute ago, Rybags said:

There used to be draws that were artificially inflated by jackpot pools deliberately generated from previous draws, but don't know if they do that any more.

Still the case when the previous draw didn't get winners for the top divisions, making the pool bigger for the next one.

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I didn't mean that - they had scheduled draws where the minimum pool was predetermined and guaranteed by using funds from previous draws.

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9 minutes ago, Rybags said:

I didn't mean that - they had scheduled draws where the minimum pool was predetermined and guaranteed by using funds from previous draws.

I see, no idea about that one.

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I've not gambled in a casino since Macau but have visited a few to accompany friends.

The odds vary somewhat from house to house and game to game, but there is always, almost, a house take on every game even those where nominally you are playing against other gamblers.

In some cases you know what the house is making or can find out pretty easily, roulette for example, essentially, as in most games the house is a "silent player" except rarely  loses, can win big.

Blackjack is similar, anyone who has played pontoon knows there is an advantage to the dealer and the house deals. "Bringing Down the House" by Ben Mezrich is a fascinating insight into how, mathematically you can beat the house at Blackjack, if you are also a good player. Essentially although the book embellishes the basic concept it is card counting and it won the team a lot of money - and sicked the mob onto them.

Not all houses have a poker game, those that do either take a fixed percentage or fund a very good player to act for the house.

Baccarat and its variants is again a player against the house game, the house will never make less than one or two percent and with a cold shoe can make much more.

Craps is rather more complex and the house most certainly can lose, although not often.

This explains it rather well:

https://www.thoughtco.com/how-casinos-make-money-537363

I tended to play dice for purely cultural reasons, I learned to play with American dice sharks, but I did play Blackjack and Baccarat sometimes and if there was a game sometimes poker.

With the first two it is entirely a guessing game against a face down card or cards if the house is allowed to split a pair, some don't. Poker is the same, whatever variation is being played but it is more complex because there is an element of card counting and of course bluffing.

Keno, would not have a clue, never played but it seems somewhat like roulette for dummies ?

Pokies, who knows ? The mechanicals of the machine favor the house, by how much is not really known but rather  a high probability if the nett figures the industry makes are any guide.

Casino gambling has to start on the understanding that the house always has an edge, over time the house will always win, which was when ahead I quit.

A couple of friends of mine here in Adelaide had a reasonable win between them one night playing roulette. Went back the next night, having only held out their initial stakes and were out on the street having lost it all in less than an hour...

The house wins, you don't tend to see casinos going broke ?

Cheers

 

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Just now, chrisg said:

The house wins, you don't tend to see casinos going broke ?

Cheers

 

Unless it's Trump Casino ... where the owner sends it broke by stealing all the assets

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?

When you own the house...  ?

Just reaffirms what a fool Trump is though, ask Packer about owning casinos that thrive and make you several fortunes  ?

Cheers

 

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The casino in Darwin keeps on changing owners, so I don't think it makes that much money really.

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Hmm,

More likely, given what big gamblers Territorians tend to be, it is either a case of an owner selling out at a profit having already made a good income whilst having ownership or it is a syndicate passing it around and pooling profits for other ventures, nefarious or not.

Cheers

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Darwin would be reliant mostly on visitors from elsewhere esp overseas so would be really sensitive to economic conditions whereas ones like Sydney can live off the funds from the locals.

Of course the other influence being that casinos are just about everywhere now compared to ~ 30 years ago when there were barely any.

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1 hour ago, Rybags said:

Darwin would be reliant mostly on visitors from elsewhere esp overseas so would be really sensitive to economic conditions whereas ones like Sydney can live off the funds from the locals.

Of course the other influence being that casinos are just about everywhere now compared to ~ 30 years ago when there were barely any.

Darwin Casino was actually originally run by the NT Government but it went broke and got sold off. I have some the tokens from that era.

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?

To a degree Ry, it's a pretty popular holiday destination both domestic and International, at least in the dry season but Territorians really are big gamblers. I don't know if it is still the case but used to be the only place in Australia you could play a legal game of Two-Up, on Darwin Cup day - a big gambling event itself ?

Cheers

Edit: Now you mention it do recall that J - it would take a local, well, Federal, Government to fuck up running a casino ?

 

Edited by chrisg

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42 minutes ago, chrisg said:

it would take a local, well, Federal, Government to fuck up running a casino

Or Trump.

Actually, ISTR James Packer managed that trick too.

Edited by Cybes

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Hmm,

 

Packer had some issues, mostly legal but he is Crown Casinos, I think Sky owned Darwin Casino.

Casinos do get sold, sure, but not because they are usually losing money, more because they are deemed not profitable enough, especially compared to others in a casino portfolio.

Personally I think Australia has far too many casinos, perhaps when it was just Tassie it was a bit too few, although I don't really think of them as legit businesses anyway. But given the gambling nature of too many Australians a casino in every capital city, and other places, is somewhat crazy.

The U.S. has enough problems with Vegas and Atlantic City.

Cheers

 

 

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5 hours ago, Rybags said:

With Lotto it's sort of variable odds

Varying between 3/5ths and 5/8ths of fuck-all.

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one of the saddest things i ever saw was a busload of gerries pulling up and being corralled into a dank backwater RSL in SA.  a procession of brittle bodies and walking frames shuffling along as the nice men helped them across the car park to the entrance, all of them eyes front and hardly talking.

when i got inside, it was a chamber of horrors.  everyone had found their stations.  they were all sat, eyes transfixed on their machines, fidgeting with the black cups they'd been issued (it was coins back then).  every gaunt face an ashen canvas reflecting back, one the one hand, a lively lurid dance of multicoloured hues as digitised sounds of youthful frivolity and fun exploded everywhere like fireworks, on the other, an expressionless mask betraying lonely agonised numbness and the slow, silent, march of impending death.  

hey, maybe this was their passion?  maybe they looked forward to it every waking minute?  maybe it was the one exciting actitivity left in their lives?  given the hard realities of old age and the lamentable conditions of many nursing homes, that seems plausible.  and who am i to judge?  

but i couldnt help feeling the whole thing was, in a word, undignified.   actually, it was less a feeling than a bad taste thats never left me.

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It used to be mega common when Victoria didn't have the machines.

Most of the clubs around here run free courtesy buses to the local area.

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3 hours ago, Rybags said:

It used to be mega common when Victoria didn't have the machines.

Most of the clubs around here run free courtesy buses to the local area.

"courtesy buses" is a pretty strange term

more like "siphoning conduits"

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That was great, really great Jeruselem.

From a time before 7am this morn it's been raining 🙂 We have food, and we are dry ( for now ) and it's like the rain is just washing all the dirt and crap down the plug hole. Illusion 101 but who cares ? Right now it feels fine

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10 hours ago, Jeruselem said:

Happy Straya Day

 

 

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Virtualbox config files seem to hate people manually editing them. They must be in some form of unicode.

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OMM: Mostly, I'm a really placid guy, but there are also many things I find annoying.  Mostly, I can ignore, or at least cope with those annoyances.  Just occasionally though, something manages to poke the chink just right and I lose my cool.  Today it's "future" science fiction that can't do things we've known how to do since 1960: air tanks (diving or space) that last more a minute, in this case.

FFS, I can hold my damn breath for more than a minute!  (Not whilst doing anything mind, but you get the point.)

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back to work ... pretty sure I'll get there okay ... hoping I'll get back tonight too

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