Tomorrow's casino games created by students betting on future
May 23rd, 2014 at 8:05:13 AM
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Piece on the CBS this Morning: Tomorrow's casino games created by students betting on future.
I have to disagree with the conclusion of the reporter. On average, I think the odds are better making a profit playing a casino game than the average amateur game inventor ever showing a profit.
I have to disagree with the conclusion of the reporter. On average, I think the odds are better making a profit playing a casino game than the average amateur game inventor ever showing a profit.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
May 23rd, 2014 at 10:44:46 AM
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How do people make money on games? I wanted to ask BBB but never got around to it.
I assume you get royalties on the game when it goes on the floor but I heard you had to give it away for free for a while.
I assume you get royalties on the game when it goes on the floor but I heard you had to give it away for free for a while.
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
May 23rd, 2014 at 10:46:51 AM
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Quote: WizardI have to disagree with the conclusion of the reporter. On average, I think the odds are better making a profit playing a casino game than the average amateur game inventor ever showing a profit.
I think that the difference is that, the longer you play casino games (assuming that you are not an AP) the less likely you are to show a profit, while, the longer you spend creating casino games, the more likely you are to show a profit.
The real question is, where do these lines intersect?
May 23rd, 2014 at 10:55:55 AM
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Quote: AxiomOfChoiceThe real question is, where do these lines intersect?
Generally, in the -EV area.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
May 24th, 2014 at 12:11:39 AM
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Quote: GWAEHow do people make money on games? I wanted to ask BBB but never got around to it.
I assume you get royalties on the game when it goes on the floor but I heard you had to give it away for free for a while.
GWAE,
I am no expert, I assure you. And I signed a non-disclosure agreement, so I really can't discuss the terms. My understanding is, each contract is individually negotiated, and factors that are considered are, among others:
1. Is it a sidebet or a new game altogether? Does it build off another well-known game, either already in play, or commonly played in a non-casino form?
2. Does it require standard casino equipment, or special (custom) made parts of any sort, from special cards or dice to an elaborate mechanical or electronic structure? (Felt layout would be a standard cost.)
3. How well developed is the idea? Do you have a patent, and a reliable math report? Have you figured out the layout, and how to deal it?
4. Has it been played anywhere; if so, where, for how long, and what are the stats under real play?
5. What is the target audience? Is it regional, national, international, ethnic, age-related, skill-based, targeted to any sub-demographic?
6. Will it make more money for the casino than the worst-paying game they currently have?
7. Is it viable? The HE at a sweet spot that allows the casino to make money but the players aren't blown off of it in a few minutes; the drop (the cash changed for chips) indicating people buying in at a healthy rate; the hold (percentage of drop the casino retains as a win) neither too little nor too much?
8. Is it secure? Any weak or exploitable points in the play of it, either in the math, in the procedures of dealing it, or in the play?
Some of those things you don't know without trying it live. Some the folks buying it, whether casino or distributor, can see from experience, or are willing to take a chance on. But I believe all of them got discussed or stipulated during the negotiation.
If the House lost every hand, they wouldn't deal the game.
May 24th, 2014 at 3:28:19 AM
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The games played "tomorrow" will be whatever is popular with tomorrow's gamblers after having been chosen by the adventuresome casino executives. Its the casino that takes the financial risk in spreading the game.
Past history showed Fargo was popular, now it is extinct. For a while all NYC blacks played Blackjack, now I have no idea what is going on in that demographic niche.
Tomorrow's games? Ask me tomorrow. Or ask the drunken players of tomorrow?
Consider Let It Die... the name often given to Let It Ride.... often a punishment detail in a casino. A dealer screws up they make him deal LIR for a few shifts in order to "fix" him. Yet people enjoy playing the game.
Perhaps its time for a repeat of a prior post:
They are there in a group. Its 3 guys and 3 girls. They are out to blow off some steam and drink lots of booze. They got a room at the IP 'cause they like the balcony. There are six people fighting over those two key cards. One of them is a CW and will soon be prancing around that balcony rail displaying her skills at drunkenly carrying an imaginary tray filled with imaginary drinks, then she will finally get off the balcony and have drunk-sex with one of the guys. Probably the one that is her current boyfriend, but maybe one of the others for old times sake or maybe with one of the other girls and maybe, just maybe, she will remember when she wakes up just who it was she was having sex with, but right now she does indeed think the carnival bets are exciting and she likes the group she is with and most of all she would like another free drink.
Already we are seeing "social gambling" wherein slot machines have two seats or slots are played by a group of players. We have a locals casino which just bought the loyalty tie-ins with a local Pub 'n' Grub type chain. Increasingly entire retirement homes or senior clubs are descending upon casinos en mass. Group Homes, Group Lunches, Group Travel, Group Gambling. Soon it will be as in "wine bars" where they don't open the bottle until they have already sold the glasses. Casinos will serve a specialty wine to a local wine lover's club when they all come in to the local casino to gamble together at the same blackjack table. People will form "slot machine clubs" and gamble at the same kiosk often in competition with each other.
No longer will it be a trip to sin city. Those casinos with bowling alleys, beach clubs and the like will get people coming on gambling dates and bowling dates. Games will be of a wide variety because that is the only way casinos will be able to compete with each other.
Past history showed Fargo was popular, now it is extinct. For a while all NYC blacks played Blackjack, now I have no idea what is going on in that demographic niche.
Tomorrow's games? Ask me tomorrow. Or ask the drunken players of tomorrow?
Consider Let It Die... the name often given to Let It Ride.... often a punishment detail in a casino. A dealer screws up they make him deal LIR for a few shifts in order to "fix" him. Yet people enjoy playing the game.
Perhaps its time for a repeat of a prior post:
They are there in a group. Its 3 guys and 3 girls. They are out to blow off some steam and drink lots of booze. They got a room at the IP 'cause they like the balcony. There are six people fighting over those two key cards. One of them is a CW and will soon be prancing around that balcony rail displaying her skills at drunkenly carrying an imaginary tray filled with imaginary drinks, then she will finally get off the balcony and have drunk-sex with one of the guys. Probably the one that is her current boyfriend, but maybe one of the others for old times sake or maybe with one of the other girls and maybe, just maybe, she will remember when she wakes up just who it was she was having sex with, but right now she does indeed think the carnival bets are exciting and she likes the group she is with and most of all she would like another free drink.
Already we are seeing "social gambling" wherein slot machines have two seats or slots are played by a group of players. We have a locals casino which just bought the loyalty tie-ins with a local Pub 'n' Grub type chain. Increasingly entire retirement homes or senior clubs are descending upon casinos en mass. Group Homes, Group Lunches, Group Travel, Group Gambling. Soon it will be as in "wine bars" where they don't open the bottle until they have already sold the glasses. Casinos will serve a specialty wine to a local wine lover's club when they all come in to the local casino to gamble together at the same blackjack table. People will form "slot machine clubs" and gamble at the same kiosk often in competition with each other.
No longer will it be a trip to sin city. Those casinos with bowling alleys, beach clubs and the like will get people coming on gambling dates and bowling dates. Games will be of a wide variety because that is the only way casinos will be able to compete with each other.
May 28th, 2014 at 1:49:18 PM
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Quote: WizardPiece on the CBS this Morning: Tomorrow's casino games created by students betting on future.
I have to disagree with the conclusion of the reporter. On average, I think the odds are better making a profit playing a casino game than the average amateur game inventor ever showing a profit.
The odds are exponentially higher in almost every bet and game, imagine if every new game inventor put all the money that they were going to spend and put it all on red like this guy https://www.youtube.com/watch?v=zGCdBsOIKYA then we all would have won a lot of money or a lot of time!
I wonder what the percentage is of Dollars invested into new games against the dollars returned....Wizard?
