How do advantage players exploit casinos' premium offers? Simulations and solutions
學年 109
學期 1
出版（發表）日期 2021-01-02
作品名稱 How do advantage players exploit casinos' premium offers? Simulations and solutions
作品名稱（其他語言）
著者 Wen-Jen Hsu; Bin-Tzong Chie
單位
出版者
著錄名稱、卷期、頁數 International Gambling Studies, 1-18
摘要 This paper uses computational and stochastic measures to demonstrate the negative impacts on the casino business of advantage players that legally rely on their knowledge to continuously make profits at licensed casinos worldwide. We present the stochastic process utilized by the advantage players to make profits from premium offers. We show in detail how players estimate the probability of reaching the win goal, the net-expected-win value, and the total expected return. In addition, a simulation is conducted to determine the amount of the starting capital that is needed before participating in games. The findings provide significant implications that advantage players are capable of exploiting premium offers and profiting from the casinos.
關鍵字 Advantage players;casino management;premium offers;simulations;stochastic process
語言 en
ISSN 1479-4276
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Bin-Tzong Chie
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,電子版,紙本
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