Chapter
How does the house make money in casinos?
23:56 - 28:02 (04:06)
The house makes money in casinos because players go in with a committed amount of money they are willing to lose and keep playing until they lose the money while the house keeps on winning.
Clips
The price tags of overpriced bottles in clubs are absurdly high, with some even costing up to $5000.
23:56 - 24:48 (00:52)
Summary
The price tags of overpriced bottles in clubs are absurdly high, with some even costing up to $5000. The clientele who purchase such items are typically young individuals using their trust funds or those who have earned their money by fleecing sovereign wealth funds.
ChapterHow does the house make money in casinos?
Episode"Bill Maher"
PodcastSmartLess
Bill Simmons discusses his experiences playing at the Mirage in Las Vegas, from opening for Diana Ross to loving the audience and atmosphere of the city.
24:48 - 25:46 (00:58)
Summary
Bill Simmons discusses his experiences playing at the Mirage in Las Vegas, from opening for Diana Ross to loving the audience and atmosphere of the city.
ChapterHow does the house make money in casinos?
Episode"Bill Maher"
PodcastSmartLess
Despite games being a 51-49% bet, over time, the house will always make a profit due to the sheer volume of bets being placed by people willing to lose money at the table.
25:46 - 28:02 (02:16)
Summary
Despite games being a 51-49% bet, over time, the house will always make a profit due to the sheer volume of bets being placed by people willing to lose money at the table.