Why....

Not sure if this is the best place for this question.

Video Poker within the casinos on the Gulf Coast generally is available from .05 to $5 or even $25 per credit.

At Boomtown, they have from .05 to $1.00

At IP Casino, they have from .05 to $10, I think. Maybe even $25.

At The Palace Casino, they have max play 20 nickels, up to $2 per credit. (not on the same machines)
In another thread, "Talk me out of it", I mentioned the tax consequences of getting a quad on a $10 per credit machine. The pay table is no better than the $5, so I don't think an AP player would ever play it. If so - why?

But, given that Royals and SF's are rare, a quad is generally enough to make my day. So, I have to ask myself - why would a casino not have $5 VP as an option?

Same pay tables, right? So, if they're willing to win 2% of the money put into a $1 or $2 machine, why not get 2% of what's put in the $5 machine? Seems it would be a smart move. It wouldn't take up any more space. I don't think it would cost them more money - it should make them more money, shouldn't it?

I asked their Slot Operations guy, and was told it was a business decision. If so, then perhaps people are winning at VP more often than the stats say they should.

Thoughts?

Quote: ukaserex

Not sure if this is the best place for this question.

Video Poker within the casinos on the Gulf Coast generally is available from .05 to $5 or even $25 per credit.

At Boomtown, they have from .05 to $1.00

At IP Casino, they have from .05 to $10, I think. Maybe even $25.

At The Palace Casino, they have max play 20 nickels, up to $2 per credit. (not on the same machines)
In another thread, "Talk me out of it", I mentioned the tax consequences of getting a quad on a $10 per credit machine. The pay table is no better than the $5, so I don't think an AP player would ever play it. If so - why?

But, given that Royals and SF's are rare, a quad is generally enough to make my day. So, I have to ask myself - why would a casino not have $5 VP as an option?

Same pay tables, right? So, if they're willing to win 2% of the money put into a $1 or $2 machine, why not get 2% of what's put in the $5 machine? Seems it would be a smart move. It wouldn't take up any more space. I don't think it would cost them more money - it should make them more money, shouldn't it?

I asked their Slot Operations guy, and was told it was a business decision. If so, then perhaps people are winning at VP more often than the stats say they should.

Thoughts?

Sure they would make more money but they would be paying out 20k on royals. They may not want that exposure.

They also do not want the customers to lose too fast. You do not want a customer to lose all his bankroll in 30 minutes. A customer is much happier if it takes them 5 hours to lose it all.

Casino's also look at something they call walk away money. If a person hits a jackpot they are more likely to walk away than if they hit multiple smaller wins equaling the same amount.

Plenty of places in Biloxi have that so I'm not sure what you are referring to - most places have 25 dollar denoms at 125 a pull

They probably don't want to put up with the fluctuation. Which is absurd in my opinion, why any legitimate casino would be scared of a $20k Royal. If it's a small dump,then yeah, it'd make sense.

Well, I wouldn't call it a dump, it's my preferred spot. It's the only non-smoking casino that I'm aware of - which is the biggest reason why I like it.

Larger places like the Beau Rivage, they have great ventilation, so it's not that bad there - but in places like Boomtown and Harrah's that smoke seems to permeate everything I'm wearing, my hair, even if I'm only in there 30 minutes. Not my cup of tea.

It is small, however. Probably the smallest - but it's privately owned. Worth about 60 million if Hoover's is up to date.

I do appreciate all the responses. The notion of worrying about the guest leaving too soon was one I hadn't thought about.

I'd almost guarantee they aren't worried about the guest leaving toooo soon. However the palace does not get a ton of action so therefore they do not have the volume of players and may not be able to fade one hit that large without enough players - to balance out

That's why places don't allow 1000 straight up on a number in roulette if they are small- they make their money and prefer less variance at times- if a place only has one large player the variance could ruin them for a week or a month

Quote: ukaserex

Well, I wouldn't call it a dump, it's my preferred spot. It's the only non-smoking casino that I'm aware of - which is the biggest reason why I like it.

Larger places like the Beau Rivage, they have great ventilation, so it's not that bad there - but in places like Boomtown and Harrah's that smoke seems to permeate everything I'm wearing, my hair, even if I'm only in there 30 minutes. Not my cup of tea.

It is small, however. Probably the smallest - but it's privately owned. Worth about 60 million if Hoover's is up to date.

I do appreciate all the responses. The notion of worrying about the guest leaving too soon was one I hadn't thought about.

Casinos that cater to tourists have different motives than casinos that cater to locals. I believe the Palace would be more of a local joint.

Quote: DRich

You do not want a customer to lose all his bankroll in 30 minutes. A customer is much happier if it takes them 5 hours to lose it all.

That's like saying an employee is happier if they work 12 hours instead of eight to earn the same amount of money.

Quote: TomG

That's like saying an employee is happier if they work 12 hours instead of eight to earn the same amount of money.

I think those are 2 very different things. You work to earn income which takes time away from life. Most of us gamble to have fun and hope to win money. I would rather have "fun" for 5 hours opposed to 30 minutes.

Remember when the Gold Strike in Jean had a craps table? I asked why they didn't have the Firebet and I was told if it hit with all 6 it would kill them. Minimum bets were $3 and rarely anyone played more than a $5 pass plus numbers.

At Harrahs Rincon they removed their $100 video poker machines after several royals were hit within a couple of weeks. I had dinner with the Caesars casino manager who said the Indian Tribe didn't want to pay out any more money despite his arguments about variance.

Some places just put a lid on exposure. I do the same thing. If I meet a girl who drives a Mercedes and wears a diamond tennis bracelet I avoid her -- can't afford that exposure either.

"Some places just put a lid on exposure. I do the same thing. If I meet a girl who drives a Mercedes and wears a diamond tennis bracelet I avoid her -- can't afford that exposure either."

Ah, this made me chuckle. I remember my brother telling me to always pick the girl up after 8pm - that way she's bound to have gotten hungry and already eaten dinner.

Quote: AlanMendelson

Some places just put a lid on exposure. I do the same thing. If I meet a girl who drives a Mercedes and wears a diamond tennis bracelet I avoid her -- can't afford that exposure either.

This is sage advice, and is especially apt for married men.

Quote: MrV

This is sage advice, and is especially apt for married men.

Dear Mr V,
If you want to send me a msg, perhaps PM would be appropriate ...;-)

Quote: AlanMendelson

If I meet a girl who drives a Mercedes and wears a diamond tennis bracelet I avoid her -- can't afford that exposure either.

I would rather date a girl that has a Mercedes and a diamond tennis bracelet rather than a girl that wants them.

Quote: DRich

I would rather date a girl that has a Mercedes and a diamond tennis bracelet rather than a girl that wants them.

Wrong.

If the girl wants them, you can dangle the carrot.

If the girl has them, you gotta give more. Dangling carrots won't work.

Quote: AlanMendelson

Wrong.

If the girl wants them, you can dangle the carrot.

If the girl has them, you gotta give more. Dangling carrots won't work.

All too true...
+1

I think there is great value in taking a "fearless and searching" moral inventory and knowing yourself.

Finding out what you want is a large part of the struggle, once you know that, make a plan and follow through.

If it is just sex you want, rent or borrow it. If it's loyalty you seek, get a dog.

But don't screw up your life and someone else's by marrying them under false pretenses.

Anyone that knew me went into shock when I re-married. It just doesn't happen for most people, that is a reality. Me, I got lucky.

Be honest with yourself, even if you are just marrying for material gain. Misery seems to have no upper bound.

Petro

Quote: AlanMendelson

Wrong.

If the girl wants them, you can dangle the carrot.

If the girl has them, you gotta give more. Dangling carrots won't work.

There lies the problem. At our age we should be looking at women, not girls.

Quote: AlanMendelson

Wrong.

If the girl wants them, you can dangle the carrot.

If the girl has them, you gotta give more. Dangling carrots won't work.

I always heard it was the angle of the dangle, and the motion of the ocean

Quote: djatc

I always heard it was the angle of the dangle, and the motion of the ocean

The angle of the dangle is directly proportionate to the heat of the meat.