Mathematical analyses of casino rebate systems for VIP gambling

@article{Gao2011MathematicalAO,
  title={Mathematical analyses of casino rebate systems for VIP gambling},
  author={Jason Zhicheng Gao and Davis Ka Chio Fong and Xiaoming Liu},
  journal={International Gambling Studies},
  year={2011},
  volume={11},
  pages={106 - 93}
}
In Macao, the VIP gaming revenue accounts for over two thirds of the total gaming revenue. Since the VIP gaming market is highly competitive, several incentives such as rebates are used to attract the VIP players. There are two commonly used rebate systems in the VIP gaming market: rebate on buy-in and rebate on actual loss. The analysis of rebate on buy-in is relatively easy. However, the analysis of rebate on actual loss is more complicated, which involves the Unit Normal Linear Loss Integral… Expand
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