Effect of rebate on house edge?
House edge on their BJ game is 0.48% (before rebate) does mean that the rebate
Lowers the house edge to 0.18% (i.e 0.48-0.3)?
Quote: GorPinnacle casino gives a 0.3% cash rebate on each casino wager placed. So if the
House edge on their BJ game is 0.48% (before rebate) does mean that the rebate
Lowers the house edge to 0.18% (i.e 0.48-0.3)?
(Full disclosure - I'm the President of Galewind Software, the Casino software provider to Pinnacle Sports.)
I believe that Pinnacle's Blackjack House Edge (Element of Risk) is 0.41% of your total bet (RTP = 99.59%). That's what we've published in the Help files anyway, so if we're wrong I'd appreciate being told about it. (Follow this link and scroll to the bottom of the page.)
The 0.3% Pinnacle rebate is calculated based on your total bet. So, it is my understanding that this results in a post-rebate House Edge of 0.11% of your total bet.
By the same logic, Pontoon, with a House Edge (Element of Risk) of 0.32%, would have a post-rebate House Edge of 0.02%.
Chris
Quote: MangoJIf the rebate is based on total bet, does it include double down ?
Yes. Anything that adds to your bet amount (on the table or in the machine) is included in the "Rebate Total Bet" calculation, except for Double Down in any Video Poker, or any Odds bet in Craps. (These bets are excluded from the rebate total because they already are 100% RTP.)
Follow this link for full details.
Chris
[Edited to add - When I said "Yes", I assumed that you were talking about Doubling in BJ, not Doubling in Video Poker.]
Chris will you guys ever bring a 3:2 single deck BJ game to Galewind?
Quote: GorThanks for the info Chris. I got to say Pinnacle's payout timeframes are unbelievably quick and hassle free. I'm a proud member of that book.
Chris will you guys ever bring a 3:2 single deck BJ game to Galewind?
I agree that Pinnacle is a "hassle free" online book, and we're proud to be their Casino provider.
Yes, single-deck BJ is on our "Game Build To Do List". However, based on its location in that list, I'd estimate deployment around the end of next year. (Galewind is a small company, right now anyway, so 6 to 8 new games per year is pretty much our top speed.)
Chris
Cheers!
Quote: binary128(Full disclosure - I'm the President of Galewind Software, the Casino software provider to Pinnacle Sports.)
(Follow this link and scroll to the bottom of the page.)
If only land based casinos were this clear (especially on the slot machines).
Glad to see such transparency.
Quote: tringlomaneQuote: binary128(Full disclosure - I'm the President of Galewind Software, the Casino software provider to Pinnacle Sports.)
(Follow this link and scroll to the bottom of the page.)
If only land based casinos were this clear (especially on the slot machines).
Glad to see such transparency.
One is left to speculate that translucency may be more profitable than transparency. It is certainly a lot easier.
I can quickly run queries against the Casino web server's IIS log to see what files are being called for. I've done that a few times, and come up with the following data:
- Fewer than 15% of the Casino's players ever use the Help system, for anything.
- Fewer than 3% of the Casino's players ever refer to any of these statistical data files. (And, if you've followed the available links, there are about 10 files that contain really amazing amounts of data.)
I puzzled about that (a lot). After all, we spent/spend a great deal of time (equals money) on this Help system.
Then someone made a post on Casinomeister telling me that if I ever clicked the Help system for other Casinos I'd understand why so few people use it. I did, and he was right. Casino Help systems tend to be filled with pablum, not data. (For a lot of Help files, it’s obvious that the writer's native language is not English.)
So, even though a whole lot of work went into all of these "transparency files" (this one is just huge), in practice they provide little value to the players because the players never read them.
[Edited to add - As with Casino Help systems, the vast majority of Casino Affiliate web sites are also filled with pablum and, well, crap, misinformation, and outright lies. This is a plug for a new Affiliate site that is just beginning to grow - thePOGG. I believe that they are truly trying to avoid pablum, crap, misinformation and lies. The jury is still out on whether this "Affiliate ethos" can compete, but I hope they succeed, and thrive. (Thus the reason for this plug.)]
[Further edited to add - Mike, feel free to "pull the plug".]
Quote: binary128
So, even though a whole lot of work went into all of these "transparency files" (this one is just huge), in practice they provide little value to the players because the players never read them.
Well, also, most people won't be using "help files" unless they encounter a real "issue". Wanting to know a game's theoretical payout isn't an "issue" to a vast majority of players. To be honest, it may have hurt your bottom line a bit by being so detailed. I'm a math dork, so I definitely appreciate the effort, but nearly 100% of slot players could care less if your machines paid 93% or 96%, etc. The 93% crowd would probably just end up quitting faster. The biggest benefit to being thorough is that whoever notices the clarity will keep that in mind and will choose to play your software over others that have inferior software/documentation.
Quote: tringlomaneWell, also, most people won't be using "help files" unless they encounter a real "issue". Wanting to know a game's theoretical payout isn't an "issue" to a vast majority of players. To be honest, it may have hurt your bottom line a bit by being so detailed. I'm a math dork, so I definitely appreciate the effort, but nearly 100% of slot players could care less if your machines paid 93% or 96%, etc. The 93% crowd would probably just end up quitting faster. The biggest benefit to being thorough is that whoever notices the clarity will keep that in mind and will choose to play your software over others that have inferior software/documentation.
Re: "To be honest, it may have hurt your bottom line a bit by being so detailed."
Perhaps. But I have a hard time believing this to be true.
Re: "The biggest benefit to being thorough is that whoever notices the clarity will keep that in mind and will choose to play your software over others that have inferior software/documentation."
I think this may be true. I think that people who do read Galewind's performance details may then go to another one of their "favorite casinos", try (and fail) to find this information over there, and think to themselves "Hmm".
Galewind builds a Casino product that I would like to play at. I would want this information available if I were playing at this Casino, so we make this information available. And 3% is still several hundreds of people.
Chris
