Physical Sciences and Mathematics Commons^™

Covid-19 In Casinos: Analysis Of Covid-19 Contamination And Spread With Economic Impact Assessment, Anastasia (Stasi) D. Baran, Jason D. Fiege

International Conference on Gambling & Risk Taking

Abstract:

The COVID-19 pandemic caused tremendous disruption for casinos, with the virus causing various lengths of shutdowns, capacity restrictions, and social distancing strategies such as machine removals or section closures. Although most of the world has now eased off these measures, it is important to review lessons learned to understand, and better prepare for similar circumstances in the future. We present Monte Carlo slot floor simulation software customized to simulate players spreading COVID-19 on the slot floor. We simulate the amount of touch surface contamination; the number of potential surface contact exposure events per day, and a proximity exposures statistic …

Payments Data In Gambling Research, Kasra Ghaharian, Mana Azizsoltani

International Conference on Gambling & Risk Taking

A considerable body of gambling-related research has leveraged gamblers' behavioral tracking data to address a broad set of research questions. These data have typically comprised of gamblers' betting-related behaviors including, for example, the frequency and volume of betting. The analysis of gamblers' payment-related behavioral data is far less common, but provides a fruitful avenue gambling-related research.

In this presentation we discuss a selection of potential research opportunities that payments transaction data presents. We supplement this discussion with specific analyses that have been performed by our research group. We also discuss knowledge gaps and areas for future research.

Statistical Methods To Generate Artificial Slot Floor Data For The Advancement Of Casino Related Research, Courtney Bonner, Anastasia (Stasi) D. Baran, Jason D. Fiege, Saman Muthukumarana

International Conference on Gambling & Risk Taking

Abstract:

A common difficulty when researching gambling topics is the availability of high-quality data sets for development and testing. Due to the high level of secrecy within the gambling industry, if data is obtained for research purposes it is often prohibitively obfuscated, incomplete, or aggregated. Although these data have allowed for advancement in academic work, it leaves both the researchers and readers left wondering about what would be possible if more detailed data sets were available. To mitigate the paucity of data available to researchers, we present a Markov chain-based statistical process for producing artificial event data for a simulated …

A Game-Theoretic Analysis Of Baccara Chemin De Fer, Ii, Stewart N. Ethier, Jiyeon Lee

International Conference on Gambling & Risk Taking

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The Rocket: Analyzing Rtp (Return To Player), Payoff Distribution And Player Behavior In Crash Games, Mikhail M. Sher, Robert Haywood Scott Iii, Jonathan A. Daigle

International Conference on Gambling & Risk Taking

Abstract

Rocket is a crash game developed by DraftKings, an American publicly traded online casino, sports betting and fantasy sports company. DraftKings Rocket is a game played with a rising rocket. Players must exit the rocket at any point before the rocket crashes. In that case they receive the payoff in accordance to the multiplier of their exit point. If the rocket crashes before the player bails, player’s payoff is 0 (and they lose their bet).

The game boasts an unprecedented 97% RTP (Return to Player). For comparison, Atlantic City casino slots typically have a 91-92% RTP, while Vegas casino …

Testing For Dice Control Based On Observations Of The Length Of The Shooter's Hand, Stewart N. Ethier, Hokwon Cho

International Conference on Gambling & Risk Taking

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The Locals Casino As A Social Network – Can An Interconnected Community Of Players Detect Differences In Hold?, Jason D. Fiege, Anastasia (Stasi) D. Baran

International Conference on Gambling & Risk Taking

Abstract

It is difficult for individual players to detect differences in theoretical hold between slot machines without playing an unrealistically large number of games. This difficulty occurs because the fractional loss incurred by a player converges only slowly to the theoretical hold in the presence of volatility designed into slot pay tables. Nevertheless, many operators believe that players can detect changes in hold or differences compared to competition, especially in a locals casino market, and therefore resist increasing holds. Instead of investigating whether individual players can detect differences in hold, we ask whether a population of casino regulars who share …

Stake Size And Wagering In A Professional Betting Environment – When Data Affects Decision Making, Anthony Bedford, Tristan Barnett

International Conference on Gambling & Risk Taking

In this work, we discuss the structure of a number of professional wagering organisations, and how they attempt to deal with the “Ender’s Game” effect – when knowledge of the true nature of the ‘war being wagered’ may have affected the process and choice of betting. We analyse the responses from professional wagering and betting organisations, whom operate predominately in Horseracing and sportsbetting, and they identify the importance of separation of decisions around choices to make and the stakes and size of wagers that are linked to the decisions. The proposed model, practically carried out by one company, is an …