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Thread: Casinos have no business sense... sometimes.

  1. #21
    Im not sure what makes the $100 machines have more or less variance since the $100 machines at Rincon had the same games as the 25-cent machines. At the time there was 9/6 Jacks at $100 and 25-cents.

  2. #22
    Originally Posted by Alan Mendelson View Post
    Im not sure what makes the $100 machines have more or less variance since the $100 machines at Rincon had the same games as the 25-cent machines. At the time there was 9/6 Jacks at $100 and 25-cents.
    They have more variance simply because they are much higher denominations.

    The Rincon doesn't care if a few people temporarily get lucky at 25c machines, because overall it's not very much money (they can absorb it), and there are enough 25c machines constantly running to where things will average back out and they will win back any temporary losses for the casino.

    The $100 machines are a different story. If a disproportionate number of royals hit, it will cost Rincon a ton of money, and it will take awhile to make up what they lost. This is especially true because the $100 machines were only sporadically played. Casinos don't like this. They want predictable, slow, reliable winnings. Larger casinos/corporations will take a chance on higher limit gaming, knowing it's still +EV for them to do, and they have the deep pockets to take the risk. Rincon's ownership probably doesn't have very deep pockets, so they decided to kill the $100 machines. I don't blame them.
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  3. #23
    Also, didn't the handpay requirement pretty much make a $100 machine unplayable?
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  4. #24
    Dan how does denomination affect variance? How is the variance on a 25-cent 9/6 Jacks different from the variance on a $100 9/6 Jacks game?

  5. #25
    Originally Posted by Alan Mendelson View Post
    Dan how does denomination affect variance? How is the variance on a 25-cent 9/6 Jacks different from the variance on a $100 9/6 Jacks game?
    Financial variance, not mathematical variance.

    The relative variance is the same on both machines, but the financial variance on the $100 machine is 400x that of that 25c machine.
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  6. #26
    Financial variance? A new one for me.

  7. #27
    I think he's referring to the nightly bottom line for the shift/pit boss/floor manager. Casinos have a nightly win expectation and the pit boss is responsible for that bottom line and he there's a sudden $400,000 hit they have to explain it (which they could in this case), however there are all sorts of random changes to the nightly take, so the day to day pit bosses might want to limit those variances to the bottom line to preserve their jobs. The positive cash flow on a $100 vp machine on a daily basis is small to the overall daily take, but that twice a year $400,000 hit impacts the nightly take sheet ... especially if it happens on your shift.

  8. #28
    Originally Posted by Alan Mendelson View Post
    Financial variance? A new one for me.
    How about "bankroll volatility"?

    For instance, I've always looked at $2 8/5 Bonus Poker as having roughly the same "bankroll volatility" as $1 9/7 Double Bonus. Just an anecdotal observation from past experience; I'm not being scientifically precise.

  9. #29
    Originally Posted by Rob.Singer View Post
    That right there shows what a forum liar you are and, like arci, you'll say anything when your AP ego gets rightfully hammered.

    The machines were not put into Wynn--and in fact were not even introduced by me--until after their FIRST year in operation.

    This is the kind of hack who feels they have to go to any length to try to make believe what they don't want to be happening, does not happen. Why'd you even bother coming over here Mickey? We've already got a world class pathological liar with a messed up home life in arci, and a dumb-as-a-rock wannabee in Dan. If you're going to post phony stories like this, better go back to Wizard's and tell stories of transgender acceptance, homo marriage values, and the benefits of equal opportunity & affirmative action.
    I was a regular in the 15-30 holdem games at Wynn. And while I may not remember exactly when the games went in I was still there. I was usually in the casino from 11 AM to 7 or 8 PM. And the games were always taken in that time frame. Not that I was very interested in playing the FPDW anyway. I had a better hourly rate in the poker games.

  10. #30
    Originally Posted by Alan Mendelson View Post
    Financial variance? A new one for me.
    Someone getting into a royal run on a $100 machine can affect the quarterly reports. It's the same reason most strip casinos didn't want Kerry Packer's blackjack action. He played extremely high and it affected their quarterly reports when he got into a good run.

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