Bruce wrote: Using
aforementioned Casino management logic, they ought to pull all VP machines
because even a 95% game 'gives away' twice as much as a 90% slot.
First of all, this is the second time in a row I'm
arguing against one of Bruce's posts. This is not personal. As I mentioned
recently, I've used similar arguments to his myself. Bruce appears to be
frustrated by good games disappearing and he's using every argument to prevent
that that he can. I don't blame his frustration. Venting on this forum,
however, is not likely to help him in the long run.
What he wrote here is just plain wrong. Casinos don't
use percentages to determine which games to keep. They use a variation of "profit
per day." The way I'm using "profit" here is the percentage hold
TIMES the coin-in. A 95% game gives away twice as much as a 90% game (from the
casino's point of view) ONLY if they have the same coin-in.
If a 90% slot machine gets $500 coin-in per day in
coin-in, then the casino makes $50 on that machine. If a 95% machine gets $2000
coin-in per day, the casino makes $100 on that machine.
Most casinos are willing to accept a somewhat lower
profit-per-day on video poker machines than on slot machines. They know they
need a diversity of machines to be successful. But there's a limit. Each casino
determines what the least acceptable profit-per-day is for them. Any machine
that doesn't measure up to that is removed or has the pay schedule adjusted.
These are not hard concepts to understand if you take
the time to try to understand the casino's point of view. Successful players
understand the casinos' motivations and adjust accordingly. They realize that
video poker is a cat-and-mouse game between the casino and the player. Clever
mice can still win at this game. Mice that rail against the cats and don't
change what they are doing are unlikely to succeed.
On a different subject, I'm creating this post on Word
and then pasting it. Hopefully the paragraphs are delineated. I appreciate this
particular suggestion from Ballyowner
as well as the suggestions of others.
Bob
[Non-text portions of this message have been removed]
