cardshark
cardshark
Joined: Nov 30, 2009
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May 18th, 2012 at 2:07:04 PM permalink
Cool. Thanks for the info, DJ.
Scooby
Scooby
Joined: May 18, 2012
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May 19th, 2012 at 8:25:34 AM permalink
Very interesting discussion. Thanks for the insight!

Yesterday they had adjusted it up to $.10 per $1 going toward the jackpot.

One of the dealers I know and trust said that their intention was to make the jackpot increase by $100 per day. The day they switched it to $.02 it increased by only $40. It had been averaging about a $1,000 increase per day or 3,571 +/- progressive bets made per day. The decrease to $.02 with an increase of only $40 tells me they only had about 2,000 progressive bets made that day. Very rarely have I seen players there not bet the progressive. So, I wonder how much that accounting change effected their overall action.

Someone asked if they cap it like they do at Stations... don't give them any ideas! Ha! I don't know the answer to that as they do not have anything published regarding any of the progressive rules.

To those of you who agree with the casino, how do you trust that the money is truly going to the next jackpot? There is obviously no transparency in this situation. Changing the 'rules' during the game just doesn't sit well with me. My main concern is that there seems to be no regulations when it comes to these types of progressives.

I know it is their house and their rules and I don't have to go there. I just find the situation interesting, and I appreciate everybody's input.

Does anyone know when Gaughan is going to open the poker room at Rampart?
MonkeyMonkey
MonkeyMonkey
Joined: May 1, 2012
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May 22nd, 2012 at 12:56:25 AM permalink
Quote: Scooby


To those of you who agree with the casino, how do you trust that the money is truly going to the next jackpot?



The accounting and rules that must be followed to keep a gaming license are pretty intense. If you don't believe the money is going to the next jackpot my question would be: how do you truly know you'd get the $200k+ if you hit this jackpot? The same forces that compel them to pay the current jackpot are regulating how the money is dealt with.

Quote: Scooby

There is obviously no transparency in this situation.



Perhaps not to the players, but I bet the gaming commission has a good view.

Quote: Scooby

Changing the 'rules' during the game just doesn't sit well with me. My main concern is that there seems to be no regulations when it comes to these types of progressives.



It could well be that the way they're handling it has been policy for a long time, but players aren't necessarily privy to the policy. Or, it could be a recent change, but even in that case I can't imagine they could do it without the approval of gaming.
Zcore13
Zcore13
Joined: Nov 30, 2009
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May 22nd, 2012 at 10:43:43 AM permalink
You are correct on all parts Monkey.
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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May 22nd, 2012 at 2:44:47 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
Scooby
Scooby
Joined: May 18, 2012
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May 24th, 2012 at 9:01:19 AM permalink
Thank you for the info Monkey.

The progressive was hit yesterday afternoon.

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