Also, the comparison here is to FPDW. If everybody plays FPDW perfectly, the casino loses money. But even if everybody plays 9-6 double double bonus with 1% progressive perfectly, the casino still makes money. Gamblers will jump at either situation because in the first they have the edge and in the second they are overvaluing a jackpot that they have to compete for, as in an auction. In the first case the casino loses money, in the second they make money. Seems like the game theoretical solution should be obvious here. Sure there will be some gamblers with control who can wait for a high jackpot number, just like in the lottery, but in order for them to get a high number other gamblers must have pumped it up, so that's revenue neutral for the casino. The casino actually wants to see high jackpots because that means they haven't payed out the jackpot for some time and the higher levels stimulate more player action, just like the lottery.
--- In vpFREE@yahoogroups.com, "Bob Bartop" <bobbartop@...> wrote:
>
> --- In vpFREE@yahoogroups.com, Darrell G <darrellg@> wrote:
> >
>
> > How do you figure a progressive doesn't effect the bottom line for the
> > casino? They have to pay the ever-increasing jackpot when it is hit. A
> > meter that increases at 1% of coin-in reduces the casino's hold by 1%.
> >
> >
>
>
> Good question, and I'll be happy to explain it.
>
> Machine #A: 9-6 Double Bonus for quarters (97.81% against perfect play) with a 1% meter. That still leaves 1.2% for the casino. Occasionally the jackpot goes to $2500, maybe even $3000. At $3000, there is a line of people trying to get a seat. The casino gets 1.2% of A LOT of action. Which is actually much more because of player mistakes. Also, when smart players make adjustments in their play in light of the higher jackpot, the casino makes more off of that because these are "mistakes" against the base game.
>
> Machine #B: Same game, 9-6 Double Bonus for quarters, but no progressive. (or one that progresses so slow that it never goes over $1015). Hardly anyone plays this, but casino keeps a larger percent, a larger percent of nothing.
>
> Scenario #A = Casino keeps small percent of a lot of action and makes big profit.
>
> Scenario #B = Casino keeps larger percent of no action, and makes squat. (but suits are happy)
>
