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bobbartop
bobbartop
Joined: Mar 15, 2016
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January 10th, 2019 at 11:30:21 PM permalink
Quote: Wizard

I agree 100%.

I've heard vonnegut's argument before. Some AP's think they are actually healthy for the gaming business by giving recreational players hope of winning. I think they say this to give themselves a sense of economic worth to society. However, most people don't care if other players win or lose and I suspect those few who do care prefer other players to lose, so that the casino remains financially healthy and more inclined to be generous to their customers and profitable to their stock-holders.



I may be wrong, but didn't Bill Zender basically believe in ignoring most green chip play? I am still of the opinion that a full crowd attracts more people, meaning an overall increase in the casino's profit. Just get them in and under your roof, the rest will all work out.

I'm also pretty sure Zender PROVED that poor penetration costs the House money.
Don't believe anything until it is officially denied.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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January 11th, 2019 at 2:09:29 AM permalink
I would have nothing but advantage play stuff, once all the Pros were doing their thing I would let them all win a little, then I would gaff the hell out of everything.

It must just be variance, boys.

(-;
♪♪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♪♪
terapined
terapined
Joined: Dec 1, 2012
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January 11th, 2019 at 5:02:12 AM permalink
Quote: tringlomane

Florida had restrictive poker rules until a few years ago. Give it another decade; they won't be that busy.



????????
Do you live in Florida?
Its been 10 years since they uncapped poker. Not a few years.
The poker room has grown the last 10 years. Really grown.
The last 10 years, they have moved the poker room 3 times because the room needed to be expanded 3 times due to massive business
You obviously don't understand gambling in Florida
The Hard Rock Tampa is one of the busiest casinos in the country
They keep expanding because business is growing. Its like the 6th largest casino on the planet
They will continue to make tons of money into the next decade
That's guaranteed because they have a monopoly
No competition for hundreds of miles
A huge city like Orlando, where do you go to play poker, you drive to Tampa
"Everybody's bragging and drinking that wine, I can tell the Queen of Diamonds by the way she shines, Come to Daddy on an inside straight, I got no chance of losing this time" -Grateful Dead- "Loser"
tringlomane
tringlomane
Joined: Aug 25, 2012
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January 11th, 2019 at 7:16:38 AM permalink
Quote: terapined

????????
Do you live in Florida?
Its been 10 years since they uncapped poker. Not a few years.
The poker room has grown the last 10 years. Really grown.
The last 10 years, they have moved the poker room 3 times because the room needed to be expanded 3 times due to massive business
You obviously don't understand gambling in Florida
The Hard Rock Tampa is one of the busiest casinos in the country
They keep expanding because business is growing. Its like the 6th largest casino on the planet
They will continue to make tons of money into the next decade
That's guaranteed because they have a monopoly
No competition for hundreds of miles
A huge city like Orlando, where do you go to play poker, you drive to Tampa



We're both wrong. But you're closer than me.

It's been since uncapped since July 1, 2010. But happy for you that Florida still acts like they are poker circa 2006 apparently. It's been dead in STL for years. And we had a $500 loss limit every two hours until 2008.

https://www.palmbeachpost.com/news/state--regional/limit-poker-becomes-legal-florida/wZp0EkODmGzv4FOAbfZ8VP/
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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January 11th, 2019 at 7:36:00 AM permalink
Quote: terapined

If I am not a professional gambler
Why cant I itemize and deduct my losses



Ed, since I know you are a single guy, and I have a general idea about your income, you will most likely just use the 'standard deduction' which will exceed any combination of itemized deductions, including gambling losses. I am not an expert, but pretty sure that's how it works.
FinsRule
FinsRule
Joined: Dec 23, 2009
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January 11th, 2019 at 7:36:01 AM permalink
Is Ameritstar STL still the best casino? I think itís my favorite non-Vegas casino Iíve been to.

FinsRule casino would be modeled after that.
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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January 11th, 2019 at 8:14:34 AM permalink
Quote: FinsRule

Is Ameritstar STL still the best casino? I think itís my favorite non-Vegas casino Iíve been to.

FinsRule casino would be modeled after that.



Lol. I would answer no, but to do so would be to acknowledge that they were the best? Will assume was meant as a joke.
Nathan
Nathan
Joined: Sep 2, 2016
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January 11th, 2019 at 9:00:14 AM permalink
IINM, Blackjack seems to be getting more and more attention and popularity nowadays over both Video Poker and normal Poker.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
billryan
billryan
Joined: Nov 2, 2009
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Thanks for this post from:
beachbumbabs
January 11th, 2019 at 9:47:56 AM permalink
Many people are talking about blackjack. I think it has something to do with how well Fredrick Douglass is doing.
KevinAA
KevinAA
Joined: Jul 6, 2017
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January 11th, 2019 at 4:12:52 PM permalink
In the real world (in Reno anyway), the casinos that do have 99% VP have installed both 98% and 99% machines on the floor. You have to look at the paytable to see which one is 98% and which one is 99%. They are usually in different sections of the floor, but one casino has a 98% Bonus Poker machine sitting right next to a 99% Bonus Poker machine.

It seems that most VP players do not look at the paytable. They just sit down and start playing. So if half the machines are 98% and half are 99%, the casino's overall VP payback is 98.5%. It seems that more than half are 98%. If the casino gets greedy and makes them all 98%, a bunch of people (such as myself) will never visit.

In addition, not everyone is a good VP player. Every so often I watch someone else play, and it is rare for someone to hold just A when there is a two to a royal TA. That is the most common mistake.

I also frequently see people hold JQA different suits instead of JQ.

Many people are what I call "royal flush guy". Royal Flush Guy holds whatever cards are in a royal flush, like suited KA instead of a pair of 5's. This is much more common when there is a progressive jackpot. The jackpot never gets high enough to do that, but when people see a five quarters jackpot of $1,100, they become Royal Flush Guy, and the casino makes more money off them. The extra 100 bucks in the jackpot came from a very small portion of previous bets that did not win a royal flush. Royal Flush Guy makes the casino so much money with his bad play, the casino could simply donate 100 dollars to the jackpot and still make money.

Yesterday I saw the absolute worst VP player ever. She would hold 2 and 9 of the same suit (two to a flush!) instead of a single J. She would hold suited QK and an unsuited J. She would hold 3 to an inside straight (like 357, different suits) instead of an A. She was much, much worse than Royal Flush Guy. She was "Atrocious Video Poker Player Gal".

It's similar to blackjack, where the house edge is 0.6% if you play basic strategy and don't make side bets. But the vast majority of players do make side bets, and most people make basic strategy mistakes, like splitting a pair of 4's when you can't double after split (or splitting a pair of 6's vs dealer 9, and so on). Splitting is fun, right! And then some people are absolutely terrible, like hitting 17 or 18. The dealer will say "are you sure?" and they go with this gut feeling that the next card is really small. I was told that the average blackjack player loses 5% of the bet. Wow, that is significantly more than 0.6%!

So you people can stop fretting over the existence of the very low house edge games of video poker and blackjack. There are so few people who play them with basic strategy, let alone perfect strategy, that it doesn't matter. If everyone played VP or BJ with basic strategy, the casino would be alarmed at the huge drop in profits and rip out those games and install more slot machines.

The fact that those games exist at all is proof that the casino is not going to go out of business, and it's not a non-profit that makes just enough from the slots to pay expenses.

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