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Thread: koolipto: Isn't the data there?

  1. #1
    koolipto
    Guest

    koolipto: Isn't the data there?

    Below bfbagain prompted a discussion of theoretical casino profitability relative to pen levels. Much of the discussion was model driven as opposed to empirically driven. Bfbagain also pointed out that we are talking about large corporations that are profit driven and need to be responsive to shareholders. You would think that if a material amount of profitability could be gleaned from changing pen, rules etc. that the presence of bankers, consultants, activist shareholders etc. would have an impact of some sort to bring this to light.

    Perhaps a consultant would not get very far bringing the idea of greater pen to a casino based on a stop watch and some expected win calculations. That might just seem too theoretical.

    Recently on the Parker pages results by casino for AC were posted. I assume this data is available regularly? If so, wouldn't it be a relatively simple matter to track those results and compare them to the obvious variables (# of tables, rules, pen) taken from Trackjack or CBJN to tease out the "proof" of what is being said in the thread below?

    Could anyone comment as to 1) whether this is feasible; 2) how conclusive they guess the findings would be given the number of variables; 3) whether it would make one iota of difference to the casinos; 4) whether the casinos already do this?


  2. #2
    Don Schlesinger
    Guest

    Don Schlesinger: Re: Isn't the data there?

    > Could anyone comment as to 1) whether this is
    > feasible;

    Sure it is.

    2) how conclusive they guess the findings
    > would be given the number of variables;

    Hard to say. Average bet and amount of action might be hard to determine with great accuracy.

    > 3) whether it would make one iota of difference to the casinos;

    Not a shred. Too brain-dead to care or understand. You're dealing with some of the most stubborn and ignorant people on the face of the earth.

    4) whether the casinos already do this?

    Of course not. Much too intelligent of an idea.

    Don

  3. #3
    Black Jack Hack
    Guest

    Black Jack Hack: Re: Isn't the data there?

    > Sure it is.

    > 2) how conclusive they guess the findings

    > Hard to say. Average bet and amount of action might be
    > hard to determine with great accuracy.

    > Not a shred. Too brain-dead to care or understand.
    > You're dealing with some of the most stubborn and
    > ignorant people on the face of the earth.

    > 4) whether the casinos already do this?

    > Of course not. Much too intelligent of an idea.

    > Don

    It appears the casinos think of increasing profits in one of three ways:

    1. Putting in bad games or making the current games worse for the players.

    2. Cutting comps.

    3. Raising minumum bets.

    Using these 3 methods you can only go so far, once it is clear no one can win, no one will play!

    It seems there is little consideration for probably the most important factor which is getting new players! I would think the best business model would be offering a better product and then ADVERTISING it. I think I would put in good rules for all the games. Ex. single zero roulette and even good blackjack rules and then advertise that my casino had the best games and make money on volume!

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