Casino With a Player Edge

[Grandthrax]

While browsing the beating bonuses website I came accross:

VueTec Casinos - Beating Bonuses

which claims that the VueTec live blackjack has a slight player edge. I'm wondering how is this possible as surely the casino would loose money?

I can see that playing there long term wouldn't neccessarily be profitable as the varience would hide such a small player's edge, unless you played there really long term. But surely for the casino itself having a negative edge would turn proifts into losses?

I would be interested to hear about anyone's experiences with VueTec casinos.

[m4g1c]

Not entirely sure, but I would guess that for the casino to make an overall loss, all players would need to play the "perfect" strategy.

[Andy]

Never played there, but even with a player advantage that assumes there is players who know and always play "perfect" strategy, but they dont and wont. Also there is the house limits and the fact that the house will have more money, meaning even on an even chanced game the player will bust out first on any timeline.

[aka23]

While browsing the beating bonuses website I came accross:

VueTec Casinos - Beating Bonuses

which claims that the VueTec live blackjack has a slight player edge.

The quoted page says that VueTec computerized blackjack with early surrender has the player edge, not live blackjack.

I'm wondering how is this possible as surely the casino would loose money?

I can see that playing there long term wouldn't neccessarily be profitable as the varience would hide such a small player's edge, unless you played there really long term. But surely for the casino itself having a negative edge would turn proifts into losses?

Note that the listed player edge is only 0.07%. So if you made 1000 $5 bets, the EV would be only $3. A single player error in those 1000 hands could make the play EV-. Considering that hardly any players use optimal strategy in an early surrender game (involves surrendering on 5-7 vs A), I very much doubt that they are losing money on it.

There are games with other softwares that have a slight player edge like this, as well as games in land based casino. The most well known example is video poker. Most RTG Joker Poker paytables return slightly over 100% with optimal strategy. 5Dimes offers 100.76% payout Deuces Wild during certain hours (used to be 24/7, then was changed).
.

[Grandthrax]

The quoted page says that VueTec computerized blackjack with early surrender has the player edge, not live blackjack.

Sorry, must have read the page wrong.

Note that the listed player edge is only 0.07%. So if you made 1000 $5 bets, the EV would be only $3. A single player error in those 1000 hands could make the play EV-. Considering that hardly any players use optimal strategy in an early surrender game (involves surrendering on 5-7 vs A), I very much doubt that they are losing money on it.

Never played there, but even with a player advantage that assumes there is players who know and always play "perfect" strategy, but they dont and wont. Also there is the house limits and the fact that the house will have more money, meaning even on an even chanced game the player will bust out first on any timeline.

I see, so if a casino can offer games with a player edge and still make a profit then why don't they advertise/do it more. Surely this would take away a lot of the bad press that casinos get. As in the common held belief that you can't win long term at casinos.

I don't know just musing, and not particualy productively.

[AmeliesDad]

I don't know just musing, and not particualy productively.

There are/were slots in Vegas with over 100% return. I didn't bother looking into it but I'm guessing low enough stakes that you wouldn't make a living at it and probably the top few percent of that return all involving a progressive win.

[Andy]

Most companies have some kind of "loss leaders" in their product range, its what gets people through the door in the hope that once there they spend more on the other things too.

The % player advantage is so small as to be negligible to the casino, and as said it takes just one or two player errors to wipe it out.