Harry, 100% correct. Not to mention his supercilious attitude, if you watched his video. To wit, re: advantage players, who could make more doing other things and the reality of decreasing comps. Without conducting a "scientific" test, anyone can see how the amount of cash in to earn a point has increased and what a point is actually worth has decreased to see that comps have declined. (I'm still waiting to be comped that $4,000 bottle of champagne).
The one point that he alludes to, but actually avoids discussing, with the slipperiness of a long-time politician, is "that the casinos take care of the players worth taking care of". One area I think casinos have truly gotten better at is determining what a player's actual value to the casino is. Now, that improvement is all to the casino's benefit, not the player's, unfortunately for us. Actual money won or lost in the short/long term, theo, house edge on different games, the interaction of volume of play on bonus days vs. 'normal' days have been used more and more as opposed to denomination/hours played or sheer amount of coin in.
As, I guess, a supposedly 'recreational player', but who really makes an effort to win dollars, I look at what a casino is offering me to entice me to play. Is there a game or games that have a decent payback %? What am I earning in cashback and free slot play for my given action? Am I getting a comped room, meals at better restaurants, lounge access, gifts I can use, shows that I actually want to attend? Given that there is a fun aspect to playing itself, the value of a casino trip can be determined and compared to a weekend vacation trip elsewhere.
At the end of a year, the win/loss statements can tell you how you did financially.. Added to the vacation value, you can determine exactly how well the casino is "taking care of you"
Certainly the game is rigged. Don't let that stop you; if you don't bet, you can't win. -Lazarus Long
In theory, there is no difference between theory and practice. But, in practice, there is. -Yogi Berra
There is no such thing as luck. There is only adequate or inadequate preparation to cope with a statistical universe. -Robert Heinlein
On Friday, February 1, 2019, 12:42:05 PM EST, harry.porter@verizon.net [vpFREE] <vpFREE@yahoogroups.com> wrote:
I'm with you. This researcher implicitly suggests casinos are too liberal with machine holds based upon a narrow window on play on a couple of machines that suggests that slot players are indifferent to machine hold, without any examination of the player's casino wide experience.
In the larger picture, if a player has habitually played against a house hold of 5% and that hold is increased to 10%, the player may attribute the poorer return to bad luck initially, but it won't take long for him to realize that his money is typically holding him for a much shorter time in the casino.. Conditioned to a higher return (longer play) experience, this player will walk to another casino and won't be likely to return, even if he/she finds a similar 10% hold experience next door.
For a researcher who prides himself on his casino operation expertise, this study has a surprisingly narrow and rather simple-minded focus.
---In vpFREE@yahoogroups.com, <irdd@...> wrote :
this guys thinking is really bad...of course if you just one machine it probably won't be noticed by many players...but change the whole casino and players will definitely notice....
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Posted by: GURU PERF <guruperf@att.net>
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