Thursday, April 10, 2014

Why be an advantage player

Sit down at a quarter 9/6 Double Bonus at the Orleans, the ones that used to be 10/7. Bring a pad of paper and a pencil. Every time you hit a flush or a full house, put a slash on the paper to keep track.

and so on.

Just play for a few hours.
Whether you are lucky or not, when you quit, multiply the total number of slashes by $1.25.

Or if you prefer, group four slashes together and don't do the 5 stoke across, but just leave space and then each group is exactly a $5 tip to the casino.  So, here the player has tipped the casino $15:

////       ////        ////

Whether you won or lost, even if you hit three royals, the total amount of slash mark money is what you tipped the casino for the privilege to play that session. Compared to what you would have gotten a few years ago, they have short paid you that much money and luck had nothing to do with it. Compared to the exact same luck at the 10/7 DB machines at the Four Queens, you have lost $15 extra dollars being short paid.
Sometimes the casino is lucky and sometimes they are not, but if they can get you to tip them like this, they make a good bit of profit on every session of play.  What was a coin flip game now is not much different from a slot machine grind.

And notice that there is no long term necessary to experience this difference.
Generally, had you not tipped the casino that amount of money over a few hours of play, you would have enough for a nice steak dinner.

Think of full pay machines this way. A few hours of play earns you a steak dinner, whether you win or lose. Think of it as a built in comp.

Now, if you play the 10/7 at the back of the Four Queens, another comp will also come when you hit a royal. I guess I have hit three in the last ten years there. Because of the progressive (not paid for by the paytable, but an extra) I probably won over an extra $300. That was a bit long term, but playing that machine and getting lucky almost pays my entire airfare for a trip to Vegas.
Another built in comp.
And even the long term statistic is not millions of hands.

You have no control over being lucky or not. But playing a full pay table will make a difference in dollars and cents whether you win or lose, whether you are lucky or not. You will have perhaps a steak dinner for free or a round trip ticket for free, but you will have something given to you just for playing.

When I go to the grocery store, I use my SW credit card and that pays most of my airfares to Vegas.
Whether I am lucky and get a sale at the store, or unlucky and overpay, the comped air points are built in. Whether I buy a good piece of fish or one that has gone by, the comp points come regardless, and over the short time of a year the credit card has built into my "play" at buying groceries, my free air fare for Vegas.
Those who pay with cash subsidize my credit card benefits as do those who can't pay off the balance for free each month; those who play the poor pay tables in Vegas subsidize me with fountains, and castles, and free music. Some are lucky and some are not, but they all subsidize me by giving those extra tips to the casino.
As old Gherig used to say on the old Hack Attack board, "Somebody has to pay the light bill."

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