That adds up - or, for the customer, subtracts up - in a hurry. Squeeze in that third green space, and we’re talking 46.15%. On a wheel with just a single “0,” the player has a 48.65% chance of winning an even-money payout on either red or black.
On top of that, roulette wheels with not one, not two, but three green spots - a “000” having been added - are on the rise.
Now, many properties won’t offer anything below $25, and on busy nights, customers can’t find anything under $50. The article explained that annual blackjack winnings for the casinos in Las Vegas hit an all-time high in 2022, propelled by the fact that 3:2 payouts for being dealt a two-card 21 have given way to mere 6:5 payouts at two-thirds of the tables on the Strip.Īlso, veteran Vegas visitors will recall a time when $10 minimum tables were easy to find.
And now that audience knows about the odds gouging that’s been steadily ramping up and up, to the detriment of the gambler hoping to come out ahead - or at least make their money last a while before it disappears. The Wall Street Journal published an article Monday headlined, “Why You’re Losing More to Casinos on the Las Vegas Strip,” and if you’ve gambled in Vegas recently or if you generally pay any attention to the casino industry, it wasn’t telling you anything you didn’t already know.īut the WSJ reaches a wide audience that doesn’t necessarily follow the casino business closely. And it seems the casino industry is determined to raise the cost of gambling right along with it. So pull up a chair, crunch the numbers, and slide forward another stack of chips. Sports Handle’s “Get a Grip” rounds up everything on the sports betting side, and US Bets provides the best of the rest: brick-and-mortar happenings, online casino developments, poker headlines, and more. The reels are always spinning in the gambling industry, and “The Double Down” is here every Friday to catch you up on all of the week’s biggest news.
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