Las Vegas Betting at an All-time High

Last year, the Strip's blackjack losses were nearly $1 billion, according to official figures - the second greatest on record after 2007

In Las Vegas, wagering is reportedly at an "all-time high". According to sources, casinos are increasing odds and decreasing profits for some of the most popular games.

Last year, the Strip's blackjack losses were nearly $1 billion, according to official figures - the second greatest on record after 2007.

The increase is a result of casino management's efforts to attract 'higher-value consumers' at the expense of players with smaller bankrolls. In Las Vegas, betting is at an all-time high as casinos hike up odds and reduce profits for some of the most popular games.

Last year, the Strip's blackjack losses were nearly $1 billion, according to official figures - the second greatest on record after 2007. The increase is a result of casino management's efforts to attract 'higher-value consumers' at the expense of players with smaller bankrolls.

Additionally, the odds of roulette have been increased in numerous locations. The number of triple-zero tables, which introduce another slot to the wheel and increase the likelihood of the pil landing on a specific number, has increased. Additionally, minimum bets are increasing, requiring users to wager more money to play games. According to a Wall Street Journal analysis, the price of a Las Vegas vacation as a whole is also increasing, as are hotel and restaurant prices.

Tom Reeg, the chief executive of Caesars Entertainment, told Wall Street analysts last month:

"You're bringing in higher value customers, and we're already full, so you're kicking out the lowest end. I see no reason that that needs to stop or would stop."