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AB X TP X HE X DPH = EP
| August 12th, 2010 at 9:57:48 AM permalink | |
| klockola Member since: Aug 12, 2010 Threads: 1 Posts: 2 | This is a typical casino management system formula for earning potential - Can you rate the importance of each of the items from the casino's point of view for making revenue. |
| August 12th, 2010 at 10:01:04 AM permalink | |
| DJTeddyBear Member since: Nov 2, 2009 Threads: 92 Posts: 4928 | It might be helpful if you defined those variables. Superstitions are silly, childish, irrational rituals, born out of fear of the unknown.
But how much does it cost to knock on wood? |
| August 12th, 2010 at 10:10:07 AM permalink | |
| klockola Member since: Aug 12, 2010 Threads: 1 Posts: 2 | AB average bet TP time played (hours) HE house edge DPH decisions per hour EP earning potential |
| August 12th, 2010 at 11:08:56 AM permalink | |
| FleaStiff Member since: Oct 19, 2009 Threads: 61 Posts: 4187 |
This seems to be the formula for a casino to determine a player's theoretical value to the casino which in this particular instance is being referred to as Earning Potential. Remember that Decisions used in the formula is often a convenience figure: rounded off and easy for hosts and floor personnel to remember. Craps tables move at lightening speed on the Florida gambling boats. They also move fast on the Las Vegas Strip. Craps tables seem to move more slowly Downtown and even more slowly at Locals casinos. (I would suspect there are noted exceptions such as SouthPoint which probably keeps the dice moving really fast). You must gamble against the ACTUAL decision rate but will be comped according to the NOMINAL decision rate. Importance? At the Venetian it seems that 4.0 hours is a trigger point of great significance to them. House Edge is usually the same all over town. Oh sure, some craps tables offer a better deal in the field and some blackjack games really vary, but the casinos usually select a working figure and stick with it no matter what particular version of blackjack you played. |
| August 12th, 2010 at 2:31:33 PM permalink | |
| 7craps Member since: Jan 23, 2010 Threads: 10 Posts: 208 |
I recently read an article about blackjack casino hold percentages. one can read it HERE Looks like casinos ( and my opinion also ) like to see higher average bets as that increases the hold percentage the most, compared to the others. The article from Nevada Gaming Statistics link also mentions a very good casino management book: Principles of Casino Marketing, for those of you interested in updated information. Life in the Key of F#...a.crap=(gambling) - (math) b.math=(crap) / (gambling) c.gambling=(crap) / (math) |
| Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |