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So on a $1 bet the player wins back $36. $2 less than the true odds would pay back. That $2 represents the house edge. Which in this case would be calculated as: 2 x (1/38) = 0.0526 - or 5.26%. You gambled, you lost, and now you’re trying to get your money back, right? Don’t worry, even the best of us have such misfortune. The reason for your loss may be the wrong choice of games or not to benefit from the latest no deposit casino.
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So on the next round, I bet $10 each on the 2-1, 5-1, 10-1 and 20-1 payout. Again, I won on the 2-1 and again, the dealer gave me $50. As soon as the chips changed hands, the supervisor noticed the error and asked the dealer how much was the payout.
I immediately walked away from the table. I wanted to cash out and exit the casino but as the chips I was using were not chips with denominations on them (check), I had no choice but to change my colored chips back at the same table where I was playing. I was asked to give back the additional $30. After some arguing, I returned the money.
My question is if I had resisted, would it have been illegal for me to keep the money? Does the casino have a legal hold on me? Am I, in effect, stealing in the legal sense of the word? I'm thinking along the lines that it was the dealer's mistake and his error is my gain. Besides that, if it was at a cashier counter in a supermarket check-out line and a wrong change was given, I am not legally obliged to return the change.
Granted that in this case, I had to exchange the chips for checks. What if in the future I am playing with checks instead? Would security stop me when I exit the casino or if I insist on keeping the wrong payout? I'm asking more in the sense of legality rather than morality.
On a side note, my friend who used to work in the casino said that dealers/cashiers who pay out wrongly are not required to have the mistake deducted from their salary. Any truth on this or does this only apply in Malaysian casinos?
That said, it's like getting the wrong change at the store, or not being charged for an item, or paying for one item and getting two, etc. If they catch the mistake before you leave, they should get their money or items back.
Is it illegal? I don't know. Malaysian laws are quite different than American laws. The severity of punishment for law breaking varies widely between the two countries too (e.g., drug offenses). Best not to quibble about getting caught taking advantage of a mistake by the dealer.
Nareed's Law: you're not responisble for correcting a dealer error in your favor.
Right. But if the mistake is corrected by the floorman, the pit boss, or the dealer, you have to abide by it.
It's only if the error in your favor escapes unnoticed that you may cherish, delight, and celebrate in the wrongfully gotten gains. And it is such if not properly won by the cards or dice. Lord knows we will wail, cry outrage, and bang our chests if an innocent mistake is made the other way. People cannot help but to be people: in search of a free lunch by any means possible.
Again, corrected money is correct money, so abide by it.
was playing money wheel and I bet $10 on the 2-1 payout. I won but instead of giving me $20, the dealer gave me $50. I was quite surprised and I pretended I didn't know what happened. (Yes, I'm not an angel).
Apparently.
You were just being human, which is not a compliment per se.
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You would have been a rare angel if you had said 'Listen, I didn't rightfully win this, - so I am returning it.'
If you pretended to 'not know what happened,' - then you did indeed know exactly what happened, and chose to take cash that you knew you didn't win.
Says it all. That simple.
It's only if the error in your favor escapes unnoticed that you may cherish, delight, and celebrate in the wrongfully gotten gains.
I sense you're one semantic disagreement from blocking me, so I'll try to clear this up ;)
I'm not saying players shouldn't correct errors in their favor, only that they're not responsible for doing so.
In fact I've never faced such a situation in my short gambling career. But I've discovered erros in change, in items charged and so on. I will almost always say or do something about it. Not always, because sometimes I discover the error much later, and it's too small to worry much about it.
And it is such if not properly won by the cards or dice. Lord knows we will wail, cry outrage, and bang our chests if an innocent mistake is made the other way.
I don't wail, not over amisspayment. I do correct such errors, I admit, when I notice them. But then in such cases Nareed's Laws, if there were a version for the pit crew, would be 'The dealer is not responsible for correcting an error in the casino's favor.'
Ignore the passion of my POV, I may illustrate by excessively obvious or black-and-white example, or just an exceedingly plain call.
I do believe in Karmic law, in a sense of 'you pay now or you will pay later, ' and we reap what we sow.
Dealers witness so many karmic lessons that are demonstrated and failed that we become ruined for life.
If a dice dealer is your judge on judgement day, abandon all ye hope.
Dan's law: if it is right by an unbiased observer's POV, (the 'shoe on the other foot' so to speak) - try to see it and adopt it.
Then by Dan's law I shall adopt counting at my earliest convenience.
I do believe in Karmic law, in a sense of 'you pay now or you will pay later, ' and we reap what we sow.
Dealers witness so many karmic lessons that are demonstrated and failed that we become ruined for life.
If a dice dealer is your judge on judgement day, abandon all ye hope.
On my last year's Las Vegas trip, Casino Royale had a new dealer at the Crap table. The poor dealer was short-changing people because he couldn't figure the payout for people's pass line odds bets. No malice just inexperience. People would kindly correct him, but that made the poor guy more flustered.
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Meanwhile I'm betting the don't which really confused him. I have both a don't pass and a don't come bet up and the point on the don't come rolls up. Lo and behold the dealer doesn't gather my losses but lets it ride for the next roll. It's early in the trip and I figure I'd better not ruin my karma so I have to get his attention and inform him that I'd just lost the bet and he should take my chips.It didn't help my karma that trip and I'm still waiting to beat the record for longest roll before a 7-out. 8-)
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And now, let’s continue with the obvious question: How to recover lost money from casino? Is this possible? Can you still take something back for lost money at casino?
The short answer is no. And you already know this: No casino (or online casino) will refund your money just because you lost. Remember that these are called “games of chance” for a reason. The operators do not guarantee any winnings and you cannot take your losses back. Do you go to the betting booth after losing a sports bet and ask for your money back? It is the same principle: Lost money online casino (or land-based casino) won’t be refunded, period.
Casino Gives Money Back
There is only one scenario in which the answer to how to recover lost money in casino question is yes: Fraud. If your account is hacked and a third party used your balance to play games, then yes, the casino may choose to refund your losses. However:
- This is not mandatory. The casino may not choose to refund your losses even if you can prove that your account is hacked.
- Proving a hack is harder than you think. The majority of players who lost try to use this excuse, and we do not know even a single case where the casino accepted a hack really happened.
So, while possible in theory, it is near impossible to recover your lost money at a casino because of a hack. However, we have a suggestion for you: If you play at online casinos, you can win back a certain percentage of all your losses automatically. This is called a “casino cashback bonus”: By using it, you can save some of your losses at all games. For example, there are online casinos out there that refund 25% of all losses every week. Yes, it is not the solution you want, but it is still an option. More importantly, this is the only legal way of getting a refund, so we advise you to benefit from this promotion.