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Thread: Quick but interesting read..

  1. #1


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    Quick but interesting read..

    https://www.forbes.com/sites/davidsc...ustomers-away/

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  2. #2


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    Thanks for posting. The short-sighted bean counters and casino managers should read it.

  3. #3


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    Quote Originally Posted by ferenc11 View Post
    https://www.forbes.com/sites/davidsc...ustomers-away/

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    Good article. Thanks.

  4. #4


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    Incidentally the author, David Schwartz is a well-regarded prof at UNLV.

  5. #5


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    David G. Schwartz is also the author of "Roll the Bones", a history of gambling and a very interesting book. Amazon has used hardcover for under $5.

    I highly recommend this book for anyone interested in gambling history.

    Dog Hand

  6. #6


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    Thank you Gentlemen.

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  7. #7


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    Nice article.

    While it was not mentioned, the 6:5 aspect along with other counter measures, are reducing the amount of "play" customers get with the trip gambling funds allocation. They lose their money faster with less chance of winning and they don' t like it. IMO, this phenomenon is much more lethal to blackjack than any other and harder to quantify.

    Time will tell.
    Luck is nothing more than probability taken personally!

  8. #8


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    For the average ploppy, whether they will lose their money faster or not at the 6:5 tables depends on the minimum bet and how they play. At my local, the 3:2 tables are $25 minimum and the 6:5 tables are $5. If they flat bet the minimum, they will actually lose money more slowly by playing the 6:5 table. In off peak times, the 6:5 tables are full while the 3:2 tables are empty. This tells me that they are playing those tables for the lower limit, although still probably oblivious to the difference in the payout. This in turn tells me that they are likely to keep their bets small.

    However, this falls apart the second they increase their bet to $10 or more. At that point, whether they are better off depends on how often they bet more than the minimum.

  9. #9


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    Quote Originally Posted by Gronbog View Post
    For the average ploppy, whether they will lose their money faster or not at the 6:5 tables depends on the minimum bet and how they play. At my local, the 3:2 tables are $25 minimum and the 6:5 tables are $5. If they flat bet the minimum, they will actually lose money more slowly by playing the 6:5 table. In off peak times, the 6:5 tables are full while the 3:2 tables are empty. This tells me that they are playing those tables for the lower limit, although still probably oblivious to the difference in the payout. This in turn tells me that they are likely to keep their bets small.

    However, this falls apart the second they increase their bet to $10 or more. At that point, whether they are better off depends on how often they bet more than the minimum.
    The interesting equation is a full table of ploppies playing 6:5, some agonizing over every $5 decision, with sudebets of course, slowing the game down to an absolute snails pace generating a total of maybe 180 decisions per hour versus a $25 min 3:2 table with 2 ploppies varying their bets, a table generating 200+ decisins per hour.

    After coffee this morning, I may well make that approx calculation.

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