Quote:
Originally Posted by leo doc
I'm gonna show my slot ignorance. What's an "HA of 5%" and how is this a poor return?
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It means that for every dollar she bet, she could expect 95% back. HA (House Advantage) of 5% = EV of -0.05. Blackjack played perfectly should have a HA of between 0.5% and 1%, blackjack played typically has a HA of 2%; craps pass line is 1.4%, other bets vary from 5-15%; roulette is 5% except for the 5-number bet; sports bets are usually around 10-15%; keno is something like 25%.
It's difficult to equate these bets with poker because EV or HA is always amount expected divided by amount bet; because in poker the amount bet varies from hand to hand (you bet $0 if you fold preflop and are not a blind) and also within a hand (you might, for example, bet $10 at a 10% advantage, $50 at a 50% disadvantage, and then $150 at a 100% advantage) the EV at poker is really hard to quantify. WR differs from EV because WR is amount expected divided by number of hands.
I thought 5% on slot machines was pretty standard, and that some were as bad as 10%-20%. At a 2% house advantage, her expected win was 20 h x 500 spins/h x $5/spin x -0.02 = -$1,000 and she ran bad. Some video poker machines actually were EV+ (HA < 0%) if you played perfect strategy, but I don't think Vegas has any of those and they're usually lower denominations only anyway.
The rule of thumb of comps is, or at least was in the past, 25% of your expected losses are returned in comps. So if Aria expected to get $1,000 out of her in slot play, they'd comp her about $250 worth of stuff; if they expected to get $2,500 out of her, they'd comp her about $600 worth of stuff. If she was playing on loose slots, that might explain why they were a little stingy with the comps (they didn't expect much from her). [Edit: still very poor customer relations work, though]