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Thread: USnews article on Vegas profitability

  1. #14


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    I don't think there is a move against gambling but there may be a move, naturally, to drive the BJ poppy to other forms of gambling, reduce first and eliminate or limit BJ and train people to other forms of more definite profits. To a degree they are succeeding as more turn to carnival games and poker.

  2. #15


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    Charging for parking and resorts fees have added a lot of revenue to the industry over the last decade or so.

  3. #16


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    https://finance.yahoo.com/news/1-big...165500361.html

    The following article shows the state of blackjack in Vegas in 2018. It, along with slots, is doing well...they're both up about 2.5% for the year. This does not mean Vegas is doing well. The problem is baccarat, which is down a whopping 14% over the past year (and 28% over the past 3 months). What's causing this problem? As discussed before on this thread, it's competition from Macaw and losing the Asian gambler. Macaw is prospering, while Vegas is struggling!

    I learned something new from this article; baccarat has a bigger impact than blackjack on Vegas's revenue...it accounts for 1 out of every 3 dollars in table game revenue.

    The Vegas casinos have seen these numbers. This is bad news for the AP community since it's my understanding most APs don't do much with baccarat. I expect Vegas is concentrating on trying to draw back the Asian gambler to increase baccarat's revenue, and they're probably pretty happy with the health of blackjack. It doesn't look like 6:5 has hurt them...in fact, it's probably helped them.

    This means our problem is with the ploppies, who will play anything; it's not with the casinos. You can't blame casinos for putting in more 6:5 games when ploppies are okay with them, and it helps casinos increase their revenues. It looks like this was a good business decision by the casinos.

  4. #17


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    Quote Originally Posted by Dbs6582 View Post
    This means our problem is with the ploppies, who will play anything; it's not with the casinos. You can't blame casinos for putting in more 6:5 games when ploppies are okay with them, and it helps casinos increase their revenues. It looks like this was a good business decision by the casinos.
    Very true -

    I have a once-a-year trip to LV with a group of my partners from work. They're not dummies by any stretch of the imagination. They like to play BJ and craps. I preach to them about staying away from 6:5 BJ. So what do I find when the craps table has gone cold?: three of them sitting around a 6:5 BJ table having a blast! I shake my head, watch from behind and at least gently nudge them when the count has gone high enough where they might have half a chance.

  5. #18
    Senior Member MJGolf's Avatar
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    Quote Originally Posted by Bigdaddy View Post
    Very true -

    I have a once-a-year trip to LV with a group of my partners from work. They're not dummies by any stretch of the imagination. They like to play BJ and craps. I preach to them about staying away from 6:5 BJ. So what do I find when the craps table has gone cold?: three of them sitting around a 6:5 BJ table having a blast! I shake my head, watch from behind and at least gently nudge them when the count has gone high enough where they might have half a chance.
    Had similar situations and also help them on "what the book says"; but not counting for them. It's hard enough for them to remember or try to play basic strategy. And I don't know how many times I have been told it's only a "little less" on BJ; how many times to you get a BJ"? "'So does it really matter?" Of course it's usually after everyone has "had a few".
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein

  6. #19


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    Quote Originally Posted by MJGolf View Post
    And I don't know how many times I have been told it's only a "little less" on BJ; how many times to you get a BJ"? "'So does it really matter?"
    I always like to use the following educational example. A player can expect to get BJ about 1 out of every 21 hands, so that's about 5 BJs per one hour of play. If you're playing a $25 game, that costs you at least $37.50 for the hour (5 x $37.50 vs. $5 x 30). But, like you say, for the average recreational gambler it's a matter of convenience. Once they get rolling in the gambling mood, they'll sit anywhere just to keep the action going.

  7. #20


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    Quote Originally Posted by Bigdaddy View Post
    I always like to use the following educational example. A player can expect to get BJ about 1 out of every 21 hands, so that's about 5 BJs per one hour of play. If you're playing a $25 game, that costs you at least $37.50 for the hour (5 x $37.50 vs. $5 x 30). But, like you say, for the average recreational gambler it's a matter of convenience. Once they get rolling in the gambling mood, they'll sit anywhere just to keep the action going.
    Not to mention over a two hour period there is a good possibility one of those blackjacks you receive may have a max bet next to it.

  8. #21


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    One explanation I use that seems to get their attention is that the basic strategy player loses about 4 times as much when playing 6/5.

    For every 100 hands played at $10 with 3/2 blackjacks, you can expect to lose about $5 for typical games. 6/5 blackjack costs you about 5 x $3 = $15 during that span. You're now losing $20 instead of $5 or 4 times as much.

  9. #22


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    Quote Originally Posted by Gronbog View Post
    One explanation I use that seems to get their attention is that the basic strategy player loses about 4 times as much when playing 6/5.

    For every 100 hands played at $10 with 3/2 blackjacks, you can expect to lose about $5 for typical games. 6/5 blackjack costs you about 5 x $3 = $15 during that span. You're now losing $20 instead of $5 or 4 times as much.
    That's assuming perfect basic on the typical shoe. The average player will lose more, that amount being dependant on their individual disadvantage to the house.

  10. #23


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    Sure, but that means the 6/5 blackjacks will have less of an impact, so I choose not to mention that.

  11. #24


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    Quote Originally Posted by Gronbog View Post
    Sure, but that means the 6/5 blackjacks will have less of an impact, so I choose not to mention that.
    Good observation -

    If they're playing a -3% game to begin with, then why should I thump them with my 3:2 preaching ....

  12. #25


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    Quote Originally Posted by Bigdaddy View Post
    I always like to use the following educational example. A player can expect to get BJ about 1 out of every 21 hands, so that's about 5 BJs per one hour of play. If you're playing a $25 game, that costs you at least $37.50 for the hour (5 x $37.50 vs. $5 x 30).
    Haha, reminds me of all the times a player sits down at a table and start talking about some numbers or probabilities that are off (for example someone saying "it is just a little less") and I have to bite my tongue not to explain the numbers to them. :P I figure the casino might as well not know that I can talk about the differences in EV relative to specific rule sets.

    I usually end up with something like "Oh, interesting... I hadn't thought about it that way." Man, it's painful to watch though.

  13. #26


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    A ploppy once told me that there is a 99% chance that the dealer has a blackjack when showing an ace.

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