I wonder if this is a sign than the casinos cannot just keep increasing
their edge on certain games without the public reacting. I would think
this would be a good thing for VP pay tables.
Trish
"Play on the blackjack tables on the Strip was down 4.1 percent; craps
win rose 14 percent; roulette was up 8.8 percent; baccarat posted a
31.2 percent increase; keno revenues were down 14.7 percent; gross win
from the sports pool rose 23.1 percent"
I wonder if this is a sign than the casinos cannot just keep
increasing
their edge on certain games without the public reacting. I would
think
this would be a good thing for VP pay tables.>
Trish
"Play on the blackjack tables on the Strip was down 4.1 percent; craps
win rose 14 percent; roulette was up 8.8 percent; baccarat posted a
31.2 percent increase; keno revenues were down 14.7 percent; gross win
from the sports pool rose 23.1 percent"<<<<<<<<<<<<<<<<<<<<<<<<<<<
This is a complicated subject. I do believe that the drop in BJ
revenue is at least somewhat related to the increase in junk games like
6:5 BJ. There are, thankfully, at least some players who will not play
this horrible version of blackjack. But the drop in BJ revenue may
also be related to the steady replacement of blackjack tables with
carnival games like Carribean Stud Poker and the like. If a casino
replaces a couple of blackjack tables with carnival games, then
naturally their blackjack revenue will be lower. The question for the
casino then should become: Is the revenue from the new tables great
enough to offset the revenue lost from the removal of the traditional
blackjack tables?
But there are other factors as well. These carnival games, in general,
are not "countable" in the sense that blackjack is countable. The 6:5
blackjack games are not completely immune from counting, but they are
to a large extent. Thus, perhaps the casinos feel somehow "safer"
offering these games than they do with traditional blackjack. They are
willing to trade a loss in overall revenue for the security of not
having to worry about a horde of advantage players decending on their
games. I would argue that this is an extremely short sighted position
for the casinos to take for a number of reasons, but unfortunately that
appears to be the way it is. As I've said before, casinos will give up
a thousand dollars of profit in order to prevent a single advantage
player from winning ten dollars.
EE
--- In vpFREE@yahoogroups.com, "trish5170" <trish5170@y...> wrote: