beachbumbabs
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beachbumbabs
Joined: May 21, 2013
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November 2nd, 2016 at 6:50:01 PM permalink
Quote: Ibeatyouraces

Super fast games with high variance do not need a high HE.



Exactly. Well said.
Last edited by: beachbumbabs on Nov 2, 2016
If the House lost every hand, they wouldn't deal the game.
malgorium
malgorium
Joined: Aug 14, 2013
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November 2nd, 2016 at 7:29:40 PM permalink
Quote: Ibeatyouraces

Blackjack is nowhere near the speed of video poker.



Actually, now you have me curious....

Does a typical Vegas strip casino make more money per year off of blackjack or video poker? And is it close? I literally have no idea.
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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November 2nd, 2016 at 7:32:35 PM permalink
Quote: malgorium

Actually, now you have me curious....

Does a typical Vegas strip casino make more money per year off of blackjack or video poker? And is it close? I literally have no idea.


That's going to depend on game denomination, player skill, game selection (games house edge), etc.
DUHHIIIIIIIII HEARD THAT!
malgorium
malgorium
Joined: Aug 14, 2013
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November 2nd, 2016 at 7:34:35 PM permalink
Quote: Ibeatyouraces

That's going to depend on game denomination, player skill, game selection (games house edge), etc.



Right, that's why I'm asking, for the typical Vegas strip casino overall. Just all blackjack money vs. video poker money, in an average year. Which one's higher, and is it close?
Ibeatyouraces
Ibeatyouraces
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November 2nd, 2016 at 7:36:30 PM permalink
I'd have no idea. Someone here will probably have a link to some sort of statistics.
DUHHIIIIIIIII HEARD THAT!
AxelWolf
AxelWolf
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November 2nd, 2016 at 9:38:09 PM permalink
Quote: malgorium

Actually, now you have me curious....

Does a typical Vegas strip casino make more money per year off of blackjack or video poker? And is it close? I literally have no idea.

They probably lump VP and slots together. I assume BJ over just VP.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
lavifighter
lavifighter
Joined: Oct 24, 2016
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November 2nd, 2016 at 11:42:01 PM permalink
The ammount of VP machines is not so high on the strip, in the casinos I visited(mostly south-strip). And even than, lots of machines are terrible odds but very low minimum-some even 5c or 1c . Mostly only good machines are high-limit.
On blackjack, most of the strip low minimums(but still 5$) are terrible 6:5 with 6 decks, and lot of players bet more than 5$.
I think it is the reason. On Palms which I have visited and they have tons of VP and very few blackjack(and most of them are 3:2), I am sure they get more money from the VP.
tringlomane
tringlomane
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November 3rd, 2016 at 12:08:02 AM permalink
Quote: AxelWolf

They probably lump VP and slots together. I assume BJ over just VP.



Yep, and I would assume BJ over slots.

Last 12 months:
BJ win for major strip casinos: $801M
Slot win for major strip casinos: $2,722M ($2.722B)

So if VP accounts for 30% or more of the total slot win on the strip, then it would outdo BJ. I highly, highly doubt that it does. I would be surprised if it was more than 5% of the total slot win.
Romes
Romes
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November 7th, 2016 at 9:04:28 AM permalink
Quote: lavifighter

I think the movie "21"(and the book) is the cause of the 6:5. Now lot of player know basic strategy, even if not 100% correct they are close to it(like the wizard "simple strategy"). But I doubt if the casinos in Europe that have 5 euros(about 7$) 3:2 blackjack lose money, and 6:5 seems to not exist at all outside of the USA. Maybe only when we(tourists) reach the US we start playing correctly? I cannot understand that....

I'm sorry but I have to respectfully disagree with just about everything in this statement.

The movie "21" was one of the best things to happen for casinos and blackjack. Everyone and their mom thought they could learn to count cards. Notice the movie talks about "the law of large numbers," hinting at the long run... but it never discusses Risk of Ruin, Bankroll Management, and especially the biggest thing... VARIANCE. The movie made it look like the only time you lose is when you're in a bad mood or something to that effect.

After that movie COUNTLESS people went out with their $200 and tried to count cards, only to lose and claim it doesn't work, etc, etc, because they didn't really understand how to beat the game. It's a lot more than just +1 and -1. The movie 21 gave a big boost to the blackjack community and players essentially donating their money to the casinos.

They also don't even get in to basic strategy. They mention it once or twice, but how many people do you think actually look it up, memorize it 100%, know the differences for H17 games vs S17 games, etc. I'll tell you even the dedicated people that take the time to come on this forum to learn QUITE OFTEN don't know basic strategy 100%.

In 10 years of counting, I've probably seen a HANDFUL (at most) of other players that actually played 100% correct basic strategy.

The movie 21 was one of the best things to happen to blackjack.
Playing it correctly means you've already won.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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November 7th, 2016 at 9:26:32 AM permalink
Quote: Romes

I'm sorry but I have to respectfully disagree with just about everything in this statement.

The movie "21" was one of the best things to happen for casinos and blackjack. Everyone and their mom thought they could learn to count cards. Notice the movie talks about "the law of large numbers," hinting at the long run... but it never discusses Risk of Ruin, Bankroll Management, and especially the biggest thing... VARIANCE. The movie made it look like the only time you lose is when you're in a bad mood or something to that effect.

After that movie COUNTLESS people went out with their $200 and tried to count cards, only to lose and claim it doesn't work, etc, etc, because they didn't really understand how to beat the game. It's a lot more than just +1 and -1. The movie 21 gave a big boost to the blackjack community and players essentially donating their money to the casinos.

They also don't even get in to basic strategy. They mention it once or twice, but how many people do you think actually look it up, memorize it 100%, know the differences for H17 games vs S17 games, etc. I'll tell you even the dedicated people that take the time to come on this forum to learn QUITE OFTEN don't know basic strategy 100%.

In 10 years of counting, I've probably seen a HANDFUL (at most) of other players that actually played 100% correct basic strategy.

The movie 21 was one of the best things to happen to blackjack.

Edward Thorp=best thing to happen to BJ. Guys like Dan, Eliot and darkside=the worst thing.

But then we have people who continue to write their books, tell their stories, go on TV, Radio shows etc and tell their winning stories that make the casinos react.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪

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