vpFREE2 Forums

Reply To Paladin regarding "Four of a KInd Frenzy"

#1

My best guesses:

1) Margin. The casino has a huge edge over 99% of its patrons (maybe only 97% for VP or blackjack, but 100% for keno players).
2) Time Management. The bulk of any manager's day is tied up in a million little ways: approving vacation, frantically trying to fill slots left vacant by sick, asbsent, or recently resigned employees, settling staff disputes, appeasing annoyed patrons, the list is endless. They tend toward 70-hour weeks and don't have a lot of time left over to ponder the likes of us.
3) Background: Most casino execs rise thru the ranks due to their people skills, not math skills. Probability and statistics are tough stuff for most folks. Hell, we argue and bicker about plenty of it here.

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--- In vpFREE@yahoogroups.com, John Kelly <lodestone@...> wrote:

> Very few casino executives know as much about video poker and slot
club benefits as well as the average member of this forum. Strange,
but, in my extensive experience, true.

Adams Myth <Adams_Myth@HotMail.Com> wrote:

But the question is why?

#2

people skills, not math skills. Probability and statistics are tough
stuff for most folks. Hell, we argue and bicker about plenty of it here.

So true. I think about it this way: Per the NV Gaming Control Board,
there were "...over 2,900 licenses issued to conduct some sort of
gaming..." as of June 2005. That's NV alone. Maybe over 5,000 gaming
places overall in the US. I think they'd be pressed to find
5,000 "gaming managers" who can figure this stuff out. And if so,
probably 3,000 work for HET.

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--- In vpFREE@yahoogroups.com, John Kelly <lodestone@...> wrote:

3) Background: Most casino execs rise thru the ranks due to their