Photo: Wolfgang Staudt via Flickr
How much do you have to bet on sports to get a complimentary room at a Las Vegas casino?$500? $800? $1,000?
“I remember a guy when I was at another property came in and asked, ‘How much do I have to bet on a game to get a free room?'” Terry Cox of Reno’s Peppermill Casino recalled to Covers.com.
“And I said $10,000. He laughs and says, ‘No, really, how much do I have to bet?’ I tell him, ‘No, really, $10,000.'”
Cox explained that the casino’s mathematically expected “hold” is 4.5%, or just $450 on $10,000.
Jay Kornegay, who runs the sportsbook at the Vegas Hilton, agreed.
“We get asked almost every day,” he told Covers.com. “They don’t understand the percentages, and think if they come up and play $10,000, we are going to take care of the weekend for them and all of their buddies behind them.”
So slow down, high rollers. $10k isn’t what you think it is.
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