Setting Table Maximum Betting Limits
| Risk and volume dependence in relation to determining maximum betting limits for independent trial, negative expectation table games. By Andrew MacDonald Senior Executive Casino Operations, Adelaide Casino, 1995 |
Casino Analyser Reference Maximum Bet Volatility |
Introduction | Key Principles | Setting Limits | Mathematics | Effective Maximum Bet Limits | Variable Betting | Volume Dependence | Maximum Loss Point | Variable Bet Distribution | Non High-End Casino Operation | Analysis of Results | Conclusion |
The above information has hopefully assisted the reader in understanding how table maximum bet limits can be established on sensible business principles and how knowledge or forecasts of bet distributions can be put to effective use. Armed with this type of information, it is possible to explain to shareholders their risk expectation from the casino’s activities and account for actual results by relating to a probability of occurrence. I would hope that analysts and managers would use this to their best advantage and that this article has been of some value.
Dated 30/11/94 14:30
Acknowledgments :
– Pryna Ypma for reviewing and providing some of the mathematics.
– Peter Burrage for proof reading and correcting the article.
– Bill Eadington, Peter Griffin, and Jim Kilby for their support.
