Nevada publishes something every month called a "Win percent" for every game. Sometimes the win percent is called the casino hold. I will quote the wizard here:

The house advantage is the percentage you will lose, on average, of each dollar bet. The hold is the ratio of money the casino wins to chips purchased. This is going to be much higher than the house edge because in table games players circulate through the same chips for a while.

This percentage is larger than the house edge even considering wild unorthodox play, because the winnings are circulated back in. Sometimes when it goes up it is an indication that people are staying at the tables longer.

The win percent for the last year for blackjack in all of Nevada was 11.38%.

So ... how the 2% house edge that a casino has against an average player becomes 11.38%

Can some one help me understand that ...

I thought that the correct way was hands /hour × average bet × house edge =hourly profit of the table for the casino

What I am missing again ????


Thanks ...