That makes it twice as bad as slot machines in Nevada or Mississippi, and five times worse than most traditional table games. It's twice what most sports books take. It's a game even very skilled bettors blanche at because it's so hard to beat that level of house take. The only regularly legal game that's even worse is the lottery, which keeps 50%.
Low bet / high payoff games are deceptive because few people actually keep track of all those small bets. But I paid my house off by advantage play gambling (alas, most of the games I exploited aren't offered any more; funny that). Nowadays I don't even play low-stakes table games which I used to enjoy, like craps, for entertainment. I've seen how that edge works when it favored me and it just isn't fun any more to know someone else is doing that to me.
Low bet / high payoff games rip you off even worse in the US because of the tax code. Theoretically you can deduct your losses against a win, but only those losses in the year of the win and only if you properly document your action, which nobody does. This really screws slot players who might have ten losing years before hitting a jackpot, and even if they do everything correctly they can't deduct those years of losing action against their win. And realistically, nobody keeps the records the IRS wants to see if they audit you for such a claim.
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