Small reminder why / how casinos don't lose on $1 million win

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  • acquavallo
    SBR Sharp
    • 03-16-18
    • 350

    #1
    Small reminder why / how casinos don't lose on $1 million win


    "...first time this bet has hit in Borgata's 15½ year history...wizardofodds.com confirms that the odds of hitting the 6 card Bonus are 1 in 20,348,320.”

    True Odds Payout x $5 Bet = $101.75 Million - Whatever Casino Hold

    Potential life-altering, 9 fig payout is reduced to "how far am I going with this, I certainly can't retire on it" = LESS THAN 1% what it should be. His million payout(before withholding btw) on $5 is less than true odds for a 5 cent bet.

    It's bad enough that Fed/State/Local could take more than ½ the winnings off the top...and even if you had tax-exempt diplomatic ID, big penetrating deal.

    Life sucks...and then you die.
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