2stepjft Wrote:
I just finished Linda Boyd's "The Video Edge" and was impressed. I
felt it was well written.
Linda Boyd Wrote:
First, thanks for buying my book and for your comments.
2stepjft Wrote:
Are they really only VLT's and I am playing
against other players or are there some machines in this racino that
are true VP machines?
Linda Boyd Wrote:
The machines are VLTs--that means there is a central server. States need to have an accounting system--they keep track of coin in/coin out plus have a shut down command.
The problem with VLTs is RNG requirements vary. In West Virginia, for example, I was told--"do not assume that the RNG is the same as in Nevada because I do not know what software is used". This from Tracy Donovan after several calls--most officials were just unable to answer my questions. You need to be sure to ask the right questions and find a person with the answers--it may take several phone calls.
Also, ask about the maximum/minimum payback percentages. These can be changed by the state legislature--it was 87%-95% in Delaware. If you can copy down the pay table from the machine and determine the ER you may see it's outside the statutory requirements. For example, if the maximum theoretical ER is 95% and the ER with the given pay table is 97%, you can't assume it's an illegal machine. The state's definition for RNG could be different than what you believe it to be.
I will tell you that the 29 racinos operating in 9 states (approved, but non-operational in Florida and Pennsylvania) are a goldmine for local and state governments. In 2005 racetrack casinos contributed $1.28 billion in direct gaming taxes to state and local governments--that's a 20% increase over 2004. Simply put--you can't offer good games when you're being taxed to death.
Linda Boyd
Author: "The Video Poker Edge"
www.squareonepublishers.com
Toll Free: 1-877-900-2665
Amazon.com/Bookstores: Stocked or By Order
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