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Gaming Guru  What About the Player?1 January 2012
By Donald Catlin You may have heard on the news that the state of Massachusetts has approved a bill that authorizes casino gaming in the state. Agreements on the details of the bill were worked out between Senate President Therese Murray and Speaker of the House Robert DeLeo and the bill was then signed into law by Governor Duval Patrick. The bill allows for three casinos and one slot parlor to be located in various parts of the state, one being in Western Massachusetts where I live. So far there have been three sites mentioned: the town of Palmer, the city of Springfield, and the city of Holyoke. There has been a lot of posturing by the proponents of the bill while using phrases like increased revenue, job creation, and keep the money in Massachusetts. Guess who is never mentioned? The player. The casino business is not urban renewal nor is it a government subsidy program. It is a tourist business. The way a casino makes money is by attracting players outside the community where the casino is located. This means offering the players good games. This is generally achieved by having several casinos in one location and letting competition do its job. This is certainly true in Biloxi and Tunica, Mississippi and is even truer in Las Vegas. (Atlantic City is an enigma to me.) If we build a single casino in, say, Palmer with games akin to those in the Connecticut casinos (read so-so games), do you really think that someone in Albany would drive all the way to Palmer to play those games? Certainly no one in Connecticut would make the drive. No, all of the players would be locals. The result would be a net outflow of cash from the local community. What do I mean by good games? Well, you could offer a few Blackjack tables that use two decks and have the dealer stand on soft seventeen. Such a game still favors the house but not by much (.31% house edge). You could offer single zero Roulette (2.63% house edge). You could offer Video Poker games such as 9/6 Jacks or Better (99.54% return), 10/7 Double Bonus (100.17% return), or Classic Deuces Wild (100.76% return). As in Mississippi you could offer 5% vig on the no 4 or no 10 with the vig collected only on winning bets. I would also like to see some slot carousels that offer a 98% return to the player and are advertised as such. I think you get the idea. How, you may ask, can a casino offer games with over 100% return? The answer is that these Video Poker games are hard to play correctly; the optimal strategy is quite complicated. So a casino can offer these games and make money on the majority of players and at the same time claim these games will return over 100% when played correctly. In Massachusetts there will be a five-person committee to oversee casino operations in the state and, according to the newspapers, they will have broad powers. It would be nice if this committee would insist that a certain fraction of the games be what I call "good games". Of course, this would necessitate having at least one member of the committee who understands the nature of these games. But maybe, just maybe, if such a policy were to be put in place, players in abutting states would hear that Massachusetts offers the players decent games and we would have an influx of outside money coming into our state. I might play here myself rather than flying to Las Vegas (which is what I do now). In any case, the policy would demonstrate that Massachusetts cares about the player. There is also the matter of the tax rate on casino income and its effect on casino games, but that is a topic for another day. See you next month. Don Catlin can be reached at 711cat@comcast.net This article is provided by the Frank Scoblete Network, John Robison managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. All Lay Bet Strategies Are Not Equal4 December 2011
I
recently received an email from my old friend and colleague The Midnight
Skulker. Every now and then the Skulker sends me an interesting fact, a
puzzle, or an interesting question. This time it was a question and I gave the
Skulker the wrong answer. He caught my error and proceeded to ... (read more)
Cardano Again20 November 2011
In November and December of 1999, I published
a couple of articles entitled Independence Day and Cardano Revisited. The
point of these two articles was to show how to solve a problem posed by the
Italian mathematician Cardano centuries ago using the notion of probabilistic
independence. I ... (read more)
Ruin Again: Part 3 – Blackjack2 October 2011
In my August article I explained how to take
an arbitrary random variable X and approximate it as a random walk. The two
statistical quantities we used were the mean M and the variance. Using the
material in my September article we could then find an approximate solution to
the ruin problem.
Let’s ... (read more)
The Pass LineI am sure that you are all familiar with the house advantages of the standard casino games: 5.28% for Roulette, 5.22% for Caribbean Stud, 2.85% for Let it Ride, 3.37% and 2.32% on the Ante/Play wager and the Pair Plus wager in Three Card Poker, and 1.41% for the Pass Line in Craps. These figures are regularly tossed around by gaming writers. ... (read more)Blackjack Tournament Play: What's Luck Got to Do With It?This past June I was in Las Vegas visiting with customers of mine and was staying at the Las Vegas Hilton. Ever since the Las Vegas Convention Center got rid of all the convenient (and free) parking I have been staying at the Hilton because of its close proximity to the convention center. ... (read more)Where Are Those Straight Flushes?I have a friend who is an avid 9/6 Jacks player. She knows how to play the game and I recently purchased Bob Dancer Presents WinPoker for her so that she could practice. In one of our conversations she remarked to me that she expected to see more Straight Flushes than actually occur and wanted my take on this. ... (read more)Video Poker Sure Isn't PokerI have several friends who are regulars in private Poker games in my region. Of these, a few make regular trips to Foxwoods Casino in Ledyard, Connecticut to play in the Poker games there. All of these pals have at one time or another tried to entice me to join one of their games or one of their Poker trips and I have always refused. ... (read more)Progressive Blackjack à la Wildhorse.reg { text-indent: 2em; } .eq { font-size: smaller; text-align: center; } .no { font-size: smaller; text-align: right; } Many of you are familiar with the Midnight Skulker, who writes articles on this site as well as for other gambling publications. Well, a few weekends ago the ole Skulker ... (read more) |
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