Estimate the amount of gaming time that will be required

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Reference no: EM133381932

Question: Assume the following: A player received an airfare award of $2,500. That same player wagers only on the player-side of a baccarat game. The player wagers $2,000 on each hand. The house advantage on the banker-side wager is equal to 1.06%, while the house advantage on the player-side is equal to 1.24%. On average, the baccarat game produces 67 hands per hour. The gaming tax rate is equal to 25% of gross gaming win. Estimate the amount of gaming time (in hours) that will be required to cover the after-tax cost of the airfare award. Round your answer to the nearest tenth of an hour.

Reference no: EM133381932

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