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12-22-2008 , 07:49 PM
Quote:
Originally Posted by Talkeetna Mike
Now Ray, calm down, you're dealing with this new era genius's - they don't even know about the old days, (lo-ball) with "snatch games" where all the players at the table were "stuck". = (cause of the drop)

I always was told "why ya teaching em" - let them do the math and learn the good ol fashioned way - thru experience.
Wrong.

I cut my teeth playing 3/6 limit and played many many hours of that and 4/8 limit back when Moneymaker was probably still doing beer bongs in college. After a year of that the ledger said my win rate was less than minimum wage. And I was probably the only winner at teh 3/6 game from what I could figure. Them was the days...

I wasn't trying to say games with sub-200 average pots were going to be a bonanza like Ray mischaracterized me as saying, but rather I was refuting his claim that they couldn't be beat. they can be beat, and beat failry well because the players are so bad. The extra dollar of rake doesn't make the game unbeatable. Ray's backpeaddling. He want from saying it couldn't be beat, to saying only a poverty level existence could be made at it.. Even then I think he's wrong, becayuse he's talking about $10 an hour in a 1/2 game and even with $6 total rake $15 should be attainable by a good player if not maybe even a bit more.

Last edited by JasonInDallas; 12-22-2008 at 07:55 PM.
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12-22-2008 , 07:57 PM
Quote:
Originally Posted by Rottersod
Nah. The blinds will still ask for a chop and in most cases get it.
How will they do that when the button limped?
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12-22-2008 , 08:00 PM
Quote:
Originally Posted by bav
(to my post fewer players same profit is good for the casino)
Except when poker is also serving as means to bring in casino players who will be dropping money in other games and in hotel restaurants and shows. I think Venetian understands this. I don't think Harrah's does.
Interesting, but I had always assumed it worked the other way, namely that pit and slots players sometimes move to the poker room but not the other way around.
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12-22-2008 , 08:02 PM
Quote:
Originally Posted by JasonInDallas
Interesting, but I had always assumed it worked the other way, namely that pit and slots players sometimes move to the poker room but not the other way around.
never heard of t.j. cookier?
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12-22-2008 , 08:50 PM
Quote:
Originally Posted by JasonInDallas
Interesting, but I had always assumed it worked the other way, namely that pit and slots players sometimes move to the poker room but not the other way around.
When this happens it is time to close the poker room.
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12-22-2008 , 09:42 PM
Quote:
Originally Posted by noteye
they are thinking of how to get rid of the union cocktail servers. Most of them have been there for 20 years or more
They need only to apply for bailout money, after all they give away as many cars at the slot machines as Chrysler sells in a year. It out to be a no brainer for them to get the cash by agreeing to terminate the union contracts.
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12-23-2008 , 01:04 AM
times are tough,revenues are down,and they are laying off people and selling assets to pay their bills...all of them are in trouble,some more,some less...

expect lower service, higher rakes to spread throughout the strip and beyond
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12-23-2008 , 10:37 AM
Quote:
Originally Posted by *TT*
Harrah's is laying off people left and right, they cannot pay their structured dept payments and there is buzz on wall street of expected unbundling (even Steve Wynn recently alluded to the fact Harrah's may have to sell off in an interview last week) - Caesars would probably be on the block if Harrah's could afford to keep the rest of their empire just by selling off this aging asset. As a human being I'd rather see them forgo premium cocktails so a guy whose job it is to clean the poker room floor can give a good christmas to his family, tough decisions need to be made during a recesson but I would hope that chosing to keep well drinks only is not a tough decision.

Don't get me wrong, there is a time to bitch and moan about poker room management sticking it to the player but that time is not now. Caesar's just let go their entire concierge staff and even on the casino floor cocktail waitresses are being laid off left and right, expect Harrah's and many other strip companies to start trimming the fat all over. Don't be shocked if premium spirits are removed from Bellagio in 5 months if the economic downturn continues! Is bad timing to roll out the $5 max but as we have talked about in previous threads the entire strip is expected to be mostly $5 max within the next 3 years - although I dont like it its time for vegas to catch up to the per-table profit margins that the rest of the nation has, Vegas has always been at the top of the most cost effective places to play poker but I do project those days are dwindling. For what its worth i suspect that off-strip poker rooms will mostly remain at a $4 drop + jackpot.

PS: I don't play at Caesars because the rake is too high, irony at it's finest.
Your very sympothetic point of view is nice and all but I guarantee that when the economy rebounds, this casino shall NOT return the rake back to its earlier level.
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12-23-2008 , 03:41 PM
Quote:
Originally Posted by *TT*
...Caesar's just let go their entire concierge staff and even on the casino floor cocktail waitresses are being laid off left and right, expect Harrah's and many other strip companies to start trimming the fat all over. Don't be shocked if premium spirits are removed from Bellagio in 5 months if the economic downturn continues!
I suppose that's one way to go. The economy is tanking so fewer people are visiting Vegas and when they do they're spending less. Many who are not coming are remembering how expensive the restaurants were and how they had to pay $120ea for show tickets. So hey...gouge the hardy few who are still coming for all you can get!

Or you can go the other direction. Appreciate the visitors you're getting and do what you can to please them. If pouring a drink out of a $24 bottle vs $18 bottle of liquor makes your customers come back, while refusing them the $24 shot in their Jack&Coke causes them to pick up and storm out with their Diamond card promising never to play at Harrah's again (which I've seen), that's a pretty small price to pay.

When things are going poorly and companies start jacking up prices, it's often a sure sign of an unstoppable death spiral beginning. Turn the strip into what downtown has become and nobody will come to Vegas. The reason people don't just stay and play in their local native and state-run casinos is they want the Vegas experience. If the experience they get in Vegas is just like they get by driving 20 miles, they'll stop getting on a plane.
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12-23-2008 , 03:53 PM
Quote:
Originally Posted by bav
they'll stop getting on a plane.
thereby stopping to pay the taxes of the residents of the nevada
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