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House edge: Hold percentage and the cost of EGM gambling

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House edge: Hold percentage and the cost of EGM gambling

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dc.contributor.author Woolley, Richard Derle es_ES
dc.contributor.author Livingstone, C. es_ES
dc.contributor.author Harrigan, K. es_ES
dc.contributor.author Rintoul, A. es_ES
dc.date.accessioned 2017-06-29T08:38:58Z
dc.date.available 2017-06-29T08:38:58Z
dc.date.issued 2013
dc.identifier.issn 1445-9795
dc.identifier.uri http://hdl.handle.net/10251/84095
dc.description.abstract Price in commercial gambling is effectively the house edge of the game. For electronic gaming machines (EGMs), house edge is the hold percentage. The paper tracks changes in hold percentage for club and hotel EGM gambling in Australia. We use real gambling turnover and revenue data to show that hold generally falls over time, save for the State of Victoria between 1993 and 2009. In Victoria, hold fell during the roll-out phase of the sector, before rising steadily. We examine local level data, finding that hold varied considerably by gaming operator across the period, before converging. The unique owner/operator corporate duopoly that existed in Victoria is posed as a potential explanation for aggregate price changes. We then calculate estimates of the monetary value of changes in hold percentage. We find increased hold can lead to substantial monetary redistributions of gamblers' stakes toward the house and away from gamblers. Policy options to protect gamblers from the unfairness of undetectable price rises are discussed, including the possibility of a more tightly regulated hold percentage, a tax on windfall profits derived from raising hold, and tying game identities to particular hold percentages. es_ES
dc.language Inglés es_ES
dc.publisher Taylor & Francis (Routledge) es_ES
dc.relation.ispartof International Gambling Studies es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Price es_ES
dc.subject Gaming machines es_ES
dc.subject Economics es_ES
dc.subject Hold es_ES
dc.title House edge: Hold percentage and the cost of EGM gambling es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1080/14459795.2013.829515
dc.rights.accessRights Cerrado es_ES
dc.contributor.affiliation Universitat Politècnica de València. Instituto de Gestión de la Innovación y del Conocimiento - Institut de Gestió de la Innovació i del Coneixement es_ES
dc.description.bibliographicCitation Woolley, RD.; Livingstone, C.; Harrigan, K.; Rintoul, A. (2013). House edge: Hold percentage and the cost of EGM gambling. International Gambling Studies. 13(3):388-402. doi:10.1080/14459795.2013.829515 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion http://dx.doi.org/10.1080/14459795.2013.829515 es_ES
dc.description.upvformatpinicio 388 es_ES
dc.description.upvformatpfin 402 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 13 es_ES
dc.description.issue 3 es_ES
dc.relation.senia 261174 es_ES


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