John Thomas <jfthomas3@c...> wrote:
Even at 9/6 JoB, with the Borg's lame cashback and comps on those
machines, they're still negative [snip]
Throw in the fact that most people are not adequately bankrolled to
play at the level that they are playing at...
How negative the machines are is unaffected by whether most people
are adequately bankrolled. It's a common misconception, & I think
it's interesting to see the flaw in that line of thinking. Most
people talk as if the casino's profit rate has something to do with
the fact that players don't have the bankroll to outlast losing
streaks. This isn't the case.
Assuming for simplicity that everyone plays 9/6 JOB near perfectly,
such that the casino's edge is .5%. The profit will simply be .5%
times the dollar amount put through the machine, & the player's
bankrolls don't enter into the equation. The casino WANTS players to
be as highly bankrolled as possible, so that they'll play as long as
possible, increasing the casino's overall profits.
If every player at these machines had a $20 bankroll, or if everyone
had a $1 million bankroll... it doesn't matter in the least to the
casino, as long as the machines are constantly being played by
SOMEONE.
The idea that inadequate player bankrolls help the casino is the
same
sort of logical mistake as thinking that it helps the player to quit
after a big win. In fact, when anyone starts playing or stops
playing
never has the slightest effect on the overall expectation that the
casino (over the long term & for all players) will get collectively
from the players .5% (based on the assumption) times the total
amount
bet.
Stuart (RandomStu)
http://home.comcast.net/~sresnick2/mypage.htm