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Do casinos track your losses?

But casinos of course track the win/loss information, amount bet, etc., for various purposes. One is of course to calculate your offers, but another is to spot players who might be worth approaching.

knowyourslots.com - Do Casinos Track Hot/Cold Players? - Know Your Slots

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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Some players believe that casinos track hot/cold players in an effort to see who may be winning or losing, including perhaps those winning or losing too much. STATUS: They do track every player, and how they’re doing, but the reasons are generally more benign than some players believe. Players have many superstitions when it comes to the player tracking systems. I’ve previously covered that the tracking systems are separate from slot machines and can’t control the game’s outcome.

But casinos of course track the win/loss information, amount bet, etc., for various purposes. One is of course to calculate your offers, but another is to spot players who might be worth approaching. What could trigger this?

Players who are betting a lot; hosts may get out on the floor to introduce themselves as a way of building their book of business. Players who are really hot – a casino might want to throw out a room comp or something to keep the player around longer to try to get that additional play time and hopefully win some of the money back. Greeting players who are important to the casino. Once in Atlantic City I had a host approach me mere minutes after inserting my card the first time to say hello and share some new things about the casino’s app. Niceties like this can build affinity for a property. Hosts and players desks (such as Mlife in Las Vegas) can access this information when reviewing play for players at the end of a casino visit as well, which allows them to issue back-end comps for players who put in a solid amount of play. So, ultimately, it should be no secret casinos are tracking everything you do when your player’s card is inserted. This includes if you’re on a hot or cold streak. But there’s no nefarious purpose or attempt to change your payback, but rather is simply a way to make sure you get the proper credit for your play.

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Do most people lose gambling?

Among the heaviest gamblers, 95% lost money.

businessinsider.com - Study Shows That Most Gamblers Are Throwing Away Money

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They may not admit it, but most people lose money through gambling — and heavy gamblers lose the most, according to a new analysis by the Wall Street Journal. The Journal drew these conclusions from a study of several databases and interviews with experts. Eighty-nine percent of gamblers lost money in a study of 4,222 anonymous users of one online gambling network in Europe that includes games of chance like roulette, blackjack, and slots. In the small set of winners, few won more than $150. Among the heaviest gamblers, 95% lost money. In this group, big losers outnumbered big winners by 128 to 1. In another study of 18,000 loyalty card holders at U.S. casinos, only 13.5% ended up winning money. The odds of winning were better when it came to games of skill like poker, but still most gamblers lost money. And that's all you need to know when it comes to the investment value of gambling for most people.

Read the full analysis at the Journal >

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