Posts Tagged ‘samantha bee’

Samantha Bee: Casino Billions

Posted by admin on Friday, October 25, 2019

Samantha Bee Money Quote saying something about being around winners means there are many more losers available in proximity. Samantha Bee said:
 
Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people Quote
 

“Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people” — Samantha Bee

 

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In this quote, Samantha Bee seems to be highlighting the financial imbalance between casino profits and player winnings from gambling. She notes that while players collectively won over $1 billion playing poker last year, the casinos themselves made $27 billion in revenue simply by facilitating the games and having patrons gamble on their properties.

Bee’s comparison implies the house (i.e. the casinos) will almost always come out vastly ahead financially compared to even the best of luck for individual players over time, due to the inherent statistical advantage built into games of chance.

Her comment underscores how gambling establishments are highly profitable businesses due more to consistent margins than any one player’s occasional big win.

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