--- In vpFREE@yahoogroups.com, "Elliot Frome" <compuflyers@p...>
wrote:
Someone help me out here.
ok, i'll take a shot
There are several computer programs that can calculate the paybacks
of games such as these. Thus, any casino should be able to
calculate in an instant the payback of any promotion they try.
At the same time, I assume the point of any 'promotion' is to lure
people into the casino. If they never tell anyone that the
promotion exists and NO ONE plays it, what good is it? Ditto, if
only a few people play it.
some promotions are intended to promote the existing casino customers
into playing more, rather than draw in more players
some promotions are required cash giveaways, for example from shutting
down a progressive or due to accounting quirks of the casino business
some promotions are fixed, the venetian comes to mind ...
So, presumably the casinos want people to come and play it and they
know what the payback is. They use 100+% paybacks to lure people
in
as a sort of loss leader. Kind of like the supermarket selling
gallosn of milk for $1.99.
But then, the casinos seem to get surprised that people actually
come to play their promotion, and or how much it really costs them
to allow people to play them?
that's right, the promotion doesn't generate more business than it
costs, kind of like if people went to a supermarket and only bought
milk, in that case you would soon see the end of below cost milk
Obviously, this goes on, but it seems rather incomprehensible that
in today's world that any decent sized casino can get caught off
guard by the result of a video poker machine/promotion?!
Hey, it's a tough business. Then again, casinos rarely actually lose
money, know any other legal businesses like that? The only real
challenge in the casino business is to see how much profit you can
actually squeeze out of your customers.
···
JMO
Elliot
--- In vpFREE@yahoogroups.com, Elliott L. Shapiro
<elliotts2345@e...> wrote:
> A FANTASTIC play bit the dust around 10:00 AM this morning due to
> overutilization. In short, too many people knew of it and were
> playing it.
>
> The game was 6/5 bonus or 7/5 bonus with either 100 for a quad or
125
>
> EVERY club flush paid an extra $25
> EVERY club Str Fl paid an extra $50
> Every club RF paid an extra $100
> Any quad with an A,2,3 or 4 kicker in clubs paid an extra $25
> Card of the day paid an extra $25.
>
> Do the math. Over 108%.
>
> Scheduled to last the month, got too expensive and was cancelled.