Quote:
Originally Posted by Polarbear1955
If her daily comp was $550 she was playing enough so they thought they could give her this and make money. Remember if you give them a house edge of 2% and she gives an edge of 8% you need bet 4 times as much in a day to be worth the same profit. Slot players often put in more hours per day than other gamblers so you need consider that as well. And the casino prefers 100 $10 bets over 1 $1000 bet as it lowers their variance.
The bit about 4x is not necessarily true. It depends on the how fast the game is. The house edge is per roll/spin/hand etc. A fast game which has a lower house edge may be more profitable for a casino than a slower game with a larger edge.
In any case, that’s besides the point. Slots are obviously more profitable for a casino. And it isn’t primarily because of house edge since there are plenty of “carnival” table games where the house edge on many bets is as large, or larger than slots. The key is labor. Table games require dealers and floor staff to run. They also incur more security overhead costs since there’s a lot more human beings involved and stuff going on. Everybody is watching each other… so the movie goes.
This is why you see casinos reducing their table gaming space in lieu of “stadium” games where a few, or even zero dealers can “deal” to a couple dozen gaming stations. I would not be at all surprised if ten years from now the only place you see live dealer games is in high limit.
Anyhow, the live table game experience, and the loyalty program aspect of it, have definitely changed quite a bit in recent years. Rules and odds have been altered. And perks have been reduced and/or watered down. This has occurred since the Eldorado acquisition for sure, and I assume it is also occurring at other companies besides CET since these companies usually copy one another. And it isn’t just limited to the gaming industry. Pretty much across the board these day we see companies cutting corners in order to increase profitability, secure in the knowledge that customers will continue to show up due to their constant hunger and need to consume