--- 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)
