Effect Of Cheating And House Cutslas Vegas Casino Poker

(For 3000 hours of poker per year. All data are estimates based on author's direct experience.)

Professional Cheating (estimates)

Earnings of Best Professionals* (with cheating)

Earnings of Good Players

(non cheating)

Good Players in Equivalent Private Games

High Stud and Draw

$15,000

$ 5-$10

Little

$ 5,000

$20,000

$15,000

$ 40,000+

$10-$20

Some

$10,000

$25,000

$20,000

$ 75,000+

$20-$40

Considerable

$15,000

$30,000

$25,000

$100,000+

$40-$80

Extensive

$20,000

$30,000

$30,000

$125,000+

$100+

Extensive

$25,000

Possible

$35,000

$150,000+

Table Stakes

Extensive

$35,000

loss

$35,000

No limit

$20,000

Low Stud

Uncertain

and Draw

Probable

$ 5-$10

Little

$10,000

loss

$15,000

$ 45,000+

$10-$20

Considerable

$15,000

Probable

$20,000

$ 85,000+

$20-$40

Extensive

$20,000

loss

$30,000

$125,000+

$40-$80

Extensive

$30,000

Probable

$35,000

$150,000+

$100+

Extensive

$35,000

loss

$35,000

$175,000+

  • Earnings are estimated for the best professional players observed in Las Vegas. The average professional in Las Vegas (including house shills who are paid by the casino for starting and maintaining poker games) probably nets less than $18,000 per year. The net average earnings of all the professional poker players in Las Vegas are estimated at $18,000 per year per professional player.
  • While most Nevada casinos have a harsh percentage rake averaging about 10 percent, some have a $2-$3 maximum rake per hand for higher-stake games. (For high-stake games, some casinos have a lower-percentage Gardena-type time collection.) Even with a $2-$3 maximum cut per hand, casinos can remove $1400-$2000 per day per table, which is $500,000-$700,000 per year per table. Accounting for low-stake games and slack periods, the average casino poker table extracts an estimated $300,000 per year from its players (see footnote in the survey of Casino Poker, Table 39). Additional money lost to house dealers in tokes or tips can exceed 10 percent of the house-cut total.
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