Not sure I can agree with that. I would concede that if it were ONLY
the members on this board that were involved, the negative impact on
machine inventory and benefits would not be quite as large as it has
been (and will be). But there are other bulletin boards out there
with 1000+ members, there are the spouses/family/friends of members,
there are other players at the casino that members talk to... the
total number of people that receive this valuable information could be
5 or 10 times larger than just the membership number for this list.
Nonetheless, I really don't think it takes as much to sway the house
as people may think. Let's break down the process...
First let's narrow down specifically what we're talking about here,
and that's the removal of machines with very high EV. As an example,
let's talk about the 25c FPDW machines that Barbary Coast had for
years. There were roughly 15 machines, give or take a few. We need
to be careful to focus just on those machines, and don't get caught up
in the "those casinos make so much money they shouldn't need to worry
about losing a few bucks on a few machines" line of thinking. That's
not how the Slot Manager of casino looks at it, nor should he. His
job is to maximize the return of his overall inventory. Not all
machines are equal, some will make more than others, but he has to
continually evaluate each bank of machines to determine if there's a
better alternative that will increase revenues.
There are two primary components to that: the hold percentage, and the
volume of play (total coin-in). Those multiply together to produce
the amount of revenue. Increase the hold percentage too much and the
volume goes down, and vise versa. Other things also affect the volume
(the type of game, denomination, location, etc.) but we'll ignore
those for the moment just to simplify things. We'll just concentrate
on whether they would/should change the paytable or not.
Let's go back to the mid 1990's, before vpFREE, VPMAIL, Dancer, et al
were broadcasting all this great info about beating VP. Hard to say
exactly how many advantage VP players there were back then, but I'd
guess less that 100. Let's say they made up only 10% of the total
coin-in on the 15 FPDW machines at BC. It's a 100.7% game, but the
typical clueless VP player averages about 3% below EV from lack of
proper strategy, thus a 2.3% avg house edge for 90% of the play, and a
0.7% house loss for the remaining 10% of play. 2.3% x 90% + -0.7% x
10% = 2.0% overall machine hold. Total play on the machines is
roughly the same as any other in the casino, let's say $4000
coin-in/day ($400 from experts, $3600 from the clueless). A 2.0%
machine hold is a little low compared to the average casino hold, but
it's still withing reasonable range so the allow the machines.
Let's jump forward to 2003, the last year FPDW existed at BC. Due to
the drastically increased number of advantage players, armed with
information about where the full pay machines are, what the best
cashback rates are, when the 2x/3x days are, etc., the Slot Manager
finds a completely different result on these same machines. Now there
are 30 times the number of advantage players in town at any given time
compared to 1995. And the average advatage player is playing a lot
longer now because they know they need lots of points that day to
cover their room or food or whatever.
The news on the surface looks good for the casino: volume has tripled
to $12,000/day! But wait... what happened to our hold percentages?
We're getting the same amount of clueless play we did before
($3600/day), but the expert play jumped to a whopping $8400/day (70%
of the total). Hold percentage is now 2.3% x 30% + -0.7% x 70% = a
meager 0.3%.
There's no way a 0.3% machine hold can be justified for long,
especially when cashback and free drinks and RFB and other promotional
items get added on. They're simply losing money on that proposition.
There's only two ways to fix the problem: get less play from expert
players, or lower the paytables.
The numbers above are purely made up and we could dispute the
magnitude of some of them, but there's no disputing the overall logic
or conclusion. The more advantage players that exist, and the more
the information propogates, and the more expert play there is on the
good machines, will simply result in the casinos being forced to
remove them. We're our own worst enemies.
It's easy to blame the handful of pros for "hogging" the best
machines. But it really doesn't matter whether it's a pro, a local
expert, or visiting expert. They do the same thing to the hold
percentages. 3 experts probably play about equal coin-in to one pro
in a day, and there's probably a lot more advantaged non-pros than
there are pros. They (we) are all to blame.
There's nothing that's going to turn the clock back to the good 'ol
days where there were few advantage players and information about good
plays was not spread like wildfire. However, the more this thing
propogates (more experts & easy information), the more it will force
the casinos to remove the good stuff. It's that simple. When there
were 50 experts, conditions were great. Now there's a few thousand
experts, and conditions are OK but far from great. What's gonna
happen if there are 10,000 experts 5 years from now, fighting for even
fewer opportunities?
I certainly cannot stop the propogation of experts and easy
information. All I can do is try not to add to it. Just something
for people to think about.
···
--- In vpFREE@yahoogroups.com, "kilroydq2" <kilroydq@p...> wrote:
Don't get me wrong. There is no doubt that there are more people
playing proper strategy (or at the very least far BETTER strategy)
than they were 10-20 years ago at virtually ALL casino games. This
DOES explain the lowering of some paybacks.
My contention is merely that the 3000 people or so on this board
cannot sway the house take by enough to make the overall changes
that have occurred. It's simply bigger than that.