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
(Assumes playing only best odds with optimal basic (no card counting) strategy.)
TypeHouse Edge
*
SkillBet
Decisions
per hr. **
Cost *
per hr.
Rank
Slots 5¢ 15% none 500 $3.75 4
Slots 25¢ 10% none 25¢ 500 $12.50 8
Slots $1 8% none $1 500 $40.00 11
Keno 20-35% none $1 10 $2.50 3
Roulette (1) 2.6-5% none $10 35 $17.50 10
Big Six 11-22% none $5 60 $48.00 12
Craps 0.33 (0.18-11%) yes $10 60-75 $2.50 2
Blackjack 0.2-2% important $10 75 $4.00 5
Spanish 21 0.82% important $10 75 $6.15 6
Baccarat 1.20% yes $10 100 $12.00 7
Video Poker 0.5% (0-5%) yes 25¢ 360 36¢ 1
Caribbean/Casino Stud Poker 2.6% Negligible $10 25 $12.80 9
Pai Gow Poker 0.08-2.8% Negligible $10   low 
Three Card Poker 1.5-2.3%   $10     
Pai Gow (tiles) 1.5+% Yes       
Let it Ride 3.51%         
Lotteries 50% none $1 2/week  
Sports Betting 4.5%        
Horses Racing 18%        
* Best odds - Assume perfect play when skill is required.
    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)

Slot Machines Average 5-12% house gain. (i.e. for every $100 you bet you will loose $5-12)
5 cent machines usually have a lower payout.
Machines at the end of a row are generally played more. Some casinos put tight machines here to get more $$ others put loose machines to attract players.
Amount$.05.251.005.00
House Edge15%10%8%5.5%
Megabucks is a pool of machines from many casinos, with a progressive jackpot. The odds of winning Megabucks is about 1:50 M, worse than most lotteries.

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 Odds
See Also:
Table Games (Black Jack, Craps, ...)

Lotteries

Horse Racing


Ref:
House Advantages at Internet Gaming Commission
The Wizard of Odds
Bad Bets at casinoplayer.com
See also:
legendzsports.com
mvpsportsbook.com
winningedge.com
poker odds and probabilities.

last updated 26 Nov 2006