Regarding Mr. Snyder’s answer: If the hold of a particular table is significantly lower than expected does that trigger an investigation by the casino that cheating may be involved? Although random fluctuation is expected, if one dealer’s tables yield a lesser hold over a period of time is that a red flag that something improper is happening?
[Editor's Note: Arnold continues the conversation started in his recent QoD on drop/win/hold.]
Casinos definitely pay attention to the daily hold and a significantly lower hold over a period of time will get someone looking into it.
Because of the issues I mentioned in my prior answer, most discrepancies from the expected hold can be attributed to the less-than-perfect method used to estimate it. Ideally, if a casino had real numbers for house win, by literally tallying up the results of every hand dealt on every round of play, they wouldn’t need to estimate win/drop/hold numbers, which are never precise.
To estimate win, most casinos simply count the dealer’s chip rack before and after a session, or before and after a big player gets into the game, also noting when these players walk from the table with high-value chips, how much that specific player dropped and what he walked with, etc. Usually, a pit boss will be able to explain an abnormal hold discrepancy on a table by pointing to the results of one or more high rollers who had big wins, or arrived at the table with a big chip stack, or walked with a lot of chips after a buy-in, etc.
One of the reasons casinos pay attention to the hold is precisely, as you ask, because they're worried about cheating, theft, card counters, hole-card players, and errors made by dealers. Discrepancies have to be explained. I've heard stories of dealers whowere fired simply because the tables they were on consistently underperformed.
But casinos don’t usually fire someone simply based on an abnormally low hold. They want an explanation and can usually find it if they look closely enough.
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Kevin Lewis
Jan-09-2022
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O2bnVegas
Jan-09-2022
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