vpFREE2 Forums

Casino's Perspective

#1

This is a question that has always puzzled me. I see casinos, Harrah's in particular, remove attractive but losing paytables (9/6 JOB, NSUD etc.) from all but the highest denominations ($5, $10, $25). I read that well known advantage players are working these plays. I assume they are playing at advantage when cash back and bounce back are taken into account or they would not be playing them.

My question is this: Why would those casinos offer advantage plays at large denominations but not at quarter or dollar denoms where the risk of offering them is less? Are these casinos betting on the premise that those players really are not sufficiently bankrolled for the plays?

#2

it is because of volume - one measure they use is win per day per machine, the higher denoms will at least show a respectable win per day because let's assume a 1/2 point hold, means a lot of more on $1 million than on $10,000 coin in.

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--- In vpFREE@yahoogroups.com, "rreid0859" <rreid0859@...> wrote:

This is a question that has always puzzled me. I see casinos, Harrah's in particular, remove attractive but losing paytables (9/6 JOB, NSUD etc.) from all but the highest denominations ($5, $10, $25). I read that well known advantage players are working these plays. I assume they are playing at advantage when cash back and bounce back are taken into account or they would not be playing them.

My question is this: Why would those casinos offer advantage plays at large denominations but not at quarter or dollar denoms where the risk of offering them is less? Are these casinos betting on the premise that those players really are not sufficiently bankrolled for the plays?

#3

they are expecting to make money on all their machines. they are
willing to keep a smaller percentage edge on the high-denomination
machines than on the low-denomination machines because it's still a
larger hold in absolute dollar terms, and because it's a necessity to
compete with other properties for high-value customers.

they may or may not be aware that some people are playing those
machines and extracting a small edge, but if so, they consider it a
worthwhile tradeoff for the many people who are playing and giving up
a much larger edge.

best wishes,

five

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On Fri, Nov 6, 2009 at 10:42 AM, rreid0859 <rreid0859@yahoo.com> wrote:

This is a question that has always puzzled me. I see casinos, Harrah's in particular, remove attractive but losing paytables (9/6 JOB, NSUD etc.) from all but the highest denominations ($5, $10, $25). I read that well known advantage players are working these plays. I assume they are playing at advantage when cash back and bounce back are taken into account or they would not be playing them.

My question is this: Why would those casinos offer advantage plays at large denominations but not at quarter or dollar denoms where the risk of offering them is less?