Quote:
Originally Posted by borg23
1)it brings in lots of people who wouldn't play otherwise who think they have an edge when they don't.
Ye Olde It Brings People In Argument.
We need free parking because it brings people in! We need 3:2 blackjack because it brings people in! We need free drinks because it brings people in!
At some point, when you crunch the numbers, I predict you realize that the gambling market is not as elastic as you think it is, and that the casinos have decided they make more money by gouging the addicts than they make by trying to entice the non-gambler into gambling.
Now, it's always possible the casinos are wrong. But they have a bunch of New York bean counters poring over thousands of players card data, and if you think they're wrong you should hit them back New York style by shorting their stock and then rubbing the earnings on your titties when their next quarterly report comes out.
As a beginning quantitative test, let me ask you this: when Bringing Down The House was published or when the movie 21 came out, was there a spike in table game revenue as people rushed to try card counting?
Quote:
I've seen casinos to assaine things to thwart tiny stakes counters to their detriment-ie half showing red chip counters with people at the same table betting hundreds of dollars per hand that can't even play basic strategy correctly.
I agree that's asinine, but I've seen casinos do a bunch of smart things too, like making BJ pay 6:5. The introduction of ASMs to cut down shuffle times was a good move, and nuked shuffle tracking. (But CSMs predictably met resistance because people distrust machines.)
And in case it's not obvious, convincing people to sign up for players cards is really good business. They get personalized data on gambling habits, and force counters to accept one of two scenarios: 1. Play on a card and have recorded playing patterns vulnerable to computer analysis, or 2. stick out when their play warrants significant rewards but refuse to give ID. While the casinos would love to have on the fly facial recognition on everyone, the reality is that if they can get enough people to sign up for a card, they can identify the rest with a numerical ID, e.g., they can spend the computational resources to find out the suspected counter in Seat 3 is Customer #43,235 who played at Mandalay Bay on Thursday 1:24 pm to 2:58 pm (just dodging a shift change) and then came back at 3:35pm.
I'm not saying I approve of **** like this. Nor do I necessarily disapprove - I was once an MGM shareholder. Either way, I have grudging respect for many of the countermeasures they've deployed.