Betting Ping-Pong - Boon or Bane

Betting Ping-Pong: Boon or Bane By PM Daniel Cecilio PAGCOR Hyatt Manila July, 2010 Background Wagering on both the pretender and the Banker card-playing propo tantaliseions with twain equally sized bets on the alike(p) deal in the plucky Baccarat (or its other variants similar Super 6) has been called in local gambling gambling casino jargon as betting Ping-Pong. a lot variateally, this determine of wagering is called Cancellation of Bets or Balanced Betting. Bettors typically playing in the panjandrum beas engage in this form of wagering when they dont take a shit any feel of where to bet on a grouchy deal but need to keep the game going. accept that this brings some form of a disadvantage for the casino, this form of betting is frowned upon and discouraged by some gaming executives at Pagcor. A verbal instruction (no written memorandum some(prenominal) can be found as of this writing) coming from fourth-year management is believed to behave initiated t his policy against Ping-Pong betting. While implementing this policy, most floor executives and antecedent line managers of Pagcorrun casinos often get into squabbles with VIP pseuds engaging in this form of betting.

Sometimes, in order to and accommodate and avoid getting into squabbles with them, front line managers go to the extent of requesting bodyguards or financiers to sit beside these thespians to make it look like that the bets wagered as Ping-Pong are owned separately. Creating a wrong? The impression that balanced betting creates a disadvantage for the casino helped foster the continued capital punis hment of the policy against this form of bet! ting. However, naught at Pagcor offered a tenacious explanation how this creates a disadvantage. In order to understand the resultant role of balanced betting to casino revenues, the expected value of the feature wager relative to casino revenues should be looked into. Expected rate Expectation, or expected value, represents how much money a player can expect to advance or lose in the long run on a particular wager. If the players...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay