Casino Odds

[FMMonty]

If an online casino offered this deal would it still be profitable?

Over a one month period, you take the entire profit/loss of each player.

If the player is in profit you, you give them an extra 10% of their profit and deposit it to their accounts at the end of the month.

If the player has lost money, you give them 25% of their loss back and credit this back to their account at the end of the month.

Would the online casino still be profitable? What is the risk? Can anyone do the math behind this?

Any thoughts on this would be greatly appreciated

[fluff]

Would the casino still be profitable? Yes, there are droves of morons out there.

What is the risk? A smart player will of course profit from this.

Example: For simplicity lets pick a game with even payout, say roulette, single zero, HA 2.7%

Smart gambler walks in with $1000, places everything on black.

He wins 18/37 times, and when he does, his profit is $1100. In the long run, this nets him $535.13

He loses 19/37 times, and when he does his loss is only $750. In the long run, this nets him -$385.13

So his EV for this spin is $150.