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

[acquavallo]

https://www.cardplayer.com/poker-news/23503-85-year-old-gambler-wins-1-million-on-5-casino-bet

"...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.

[sjm5122]

Are you factoring in the EV of other payouts on that bet prop though? Im sure it isn’t 1% total on that bet.

[KVB]

lol, of course they short the winner on the odds.

The hold becomes ridiculous on some of the games.

That's what it's all about.