Reference no: EM132264741
1. When a compulsive gambler is recovering and notifies the casino that they no longer wish to gamble, they place their name on a
Banned list
Exclusion List
Addictions List
Prohibition List
2. In cases where players who were compulsive gambers sued the casinos, the casinos were held liable for damages in a court of law.
True
False
3. Which of the following is true about how the Atlantic City Casinos make money on Poker
10% of the pot no maximum
10% of the pot up to a maximum of $10
10% of the pot up to a maximum of $4
5% of the pot no maximum
4. Wagers on a Poker game result in no risk for the Casino.
True
False
5. Which College or University produced the famous card count team that beat the Las Vegas Casinos for millions of dollars?
Princeton
MIT
Harvard
Stockton
6. The type of Wagering used in Horse Racing where the bets are pooled and winners are paid out of the pool with a take out percentage going to the track is called
Toke System
Money Line
Rake
Pari-Mutuel
7. One common way that casinos segment their database is by theoretical win per trip.
True
False
8. Card couting is Illegal.
True
False
9. Which of the following % of theoretical win is commonly given to customers in the form of complimentaries.
10%
20%
30%
40%
10. Player ratings are used to make which of the following decisions regarding a casino player?
Comps
Invitations to special events
Gift Giveaways
All of the above
11. In the Theoretical Win Calculation, decisions per hour is a "Player Factor"
True
False
12. Which of the following table games has the highest house advantage?
Black Jack
Craps
Baccarat
Roullette
13. A player's betting habits will impact his or her theoretical win.
True
False
14. Which of the following is a way that player rating information is collected for players?
Floor person manually records information on a rating slip
Card swipe system
Slot Machine System records ratings
All of the above
15. Calculate the Theoretical Win for the following betting session
Average Bet of $50 for 1/2 hour at Black Jack
$18.75
$.19
$25
$.25
16. Which of the following promotions is NOT designed to attract new customers to a casino?
Public Relations
Ipad Giveaway
Titanic Exhibit
$10 Cash for new members
17. One of the goals of a promotion that is designed to attract new customers is to get new customers to sign up for the players club.
True
False
18. 80% of Casino revenue typically comes from the top 20% of casino players.
True
False
19. If a casino player wants to get a complimentary dinner in the buffet for example, they can ask which of the following employees?
Casino Host
Floor Person
VIP Services
All of the above.
20. What is the expected profit on the following casino marketing promotion?
a $50 Coffee Maker give away that was offered to customers with an average theoretical win per trip of $150. 10,000 customers are sent the offer and a 15% response rate is expected.
$150,000
$1,500,000
$225,000
none of the above