Your arguments make sense.
However… The two most successful casinos in Reno have the best VP.
I don’t claim this is all due to good VP, but one does have to wonder.
if perhaps it is a factor.
People grumble when payables are slashed. Even if a stupid player has
zero clue, he does hear more negativity about such places. Suddenly,
Harrah’s is not so "lucky"as it used to be. The place where he used to have
fun is now empty with an occasional complaint from the few stray victims
remaining. He can head right down to the street to the Peppermill where
people are having a lot more fun. Such a place will be perceived as “lucky”
And much more often than not, such payable cuts happen to all games. The slots
that used allow a player to bleed slowly and even score a win on occasion now eats
$20 bills like Chris Christie eats cheeseburgers. The attitude of taking more from
the marks is hardly limited to VP.
There is also the very real fact that such places win more from everyone.
Instead of losing 2%, maybe now these same players lose 4%. That will
show up as more losing sessions and a whole lot of sessions where losing
is the dominant experience, even if a big hit produces the occasional win.
9/6 Jacks played perfectly is not a big money maker for the casino, especially
if they have competitive player perks, but its hardly a loser either. A large number
of players will lose much more than the theoretical 0.46% house edge of the game.
More importantly, these folks play other games and spend money in other ways.
Only a few are truly adept at working the system in a way that can do much damage
and frankly, those holes have far more to do with stupid management who lacks
the good sense to recognize the methods used by those of us who have exploited
their system. If they fix those leaks and leave the games alone the casino will be
much better off.
QZ