Re: 'Do we need the IRs?'
Pls tell casinos to publish CLEARLY the odds of winning according to the following categories:
Odds of:
1) Winning >5x your bet.
2) Odds of winning back your original wager or more.
3) Odds of losing your bet totally.
I bet you that the stats might be 5%, 41%, 20% for even the easiest to win games around: e.g. roulette.
Singaporeans need to know these odds before they participate otherwise they are just feeding the sharks who in the first place are preying on the ignorance of their fellow men.
Ref:
Wikipedia Roulette: 'Bet odds table' [link]: Showing that with every $1.00 punted, one can be expected to get by mathematical calc, a loss of between 5.3c to 7.9cents each game.
http://thenewsynewsblog.blogspot.com/2011/08/do-we-need-irs.html
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