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Gambling games aside 2016

Postby Moogurr В» 09.03.2020

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Please note these articles are meant to stimulate thought and that we are using some deliberately provocative metaphors and examples which should be taken with a grain of salt.

One of the biggest challenges facing any slot manager is determining the proper level of participation or revenue sharing games to put on the floor.

This participation game conundrum is a matter of much debate and underpins an enormous rift between manufacturers and operators.

Manufactures might say that these games bring incremental revenue, while operators question if revenue sharing games are just reallocating monies that the casino would have otherwise collected. Of course, games such as Wheel of Fortune are still a must, but the performance benchmark needed for the 2 percenters to introduce a participation game is extremely high.

If the games are 20 percent revenue share and perform at double house average, then the cost of these games in manufacturer fees is 0. An operator with 10 percent of its gaming floor showing participation games is paying around 4 percent of its overall revenue in participation fees. As we can see from the wide disparity between 2 percenters and 10 percenters, there is clearly much disagreement in the industry regarding the value of participation games, including wide-area progressives.

The disagreement arises from the cost of operating one of these games. Most games have a fixed purchase cost which can be paid either all at once or in daily increments , but wide-area progressive machines are priced based on a percentage of coin-in.

This cost is calculated as a percentage of coin-in, but the true cost to the operator needs to be calculated as a percent of revenue. To help us calculate the true overall cost of ownership for participation games compared to non-participation games, it helps to use some simplifying assumptions. Clearly participation games are very expensive, so operators need to know they are getting value for this expense. Now we get to the debate. Participation games tend to have average or better than average win per unit—and they are very popular with customers.

But are they worth the increased cost to own? The results are less clear when the participation game outperforms a non-participation game. The play that shifted from other games is called cannibalization. To understand if participation games are worth the increased cost to own, we explore two simple examples, one where the game has low cannibalization and one where the game has high cannibalization. In this case, the cannibalization of this game from other games is low.

In this case, the cannibalization of this game from other games is high. Notice that there are many factors involved in this calculation. Cannibalization is one of the key factors, but the floor win per unit is another major factor. The cost to own a non-participation game is fixed, whereas the cost to own a participation game is variable.

Thus, for low win per unit per day floors, the increased cost of a participation game is less relative to the non-participation game, making it more likely that it is worth paying the participation fee. For higher win per unit per day floors, the cost to own a nonparticipation game is very small compared to a participation game, making it less likely that paying the increased expense will be profitable.

Thus, market performance affects return on investment. Quite simply, the revenue share may be less than a capital purchase. Unfortunately, trying to determine the effects of a new product on existing products can be daunting. This metric works fine when you are measuring trip worth over a period of time, for example, to see the effects of your marketing efforts. This real world example highlights the complexity involved in trying to measure what a customer would have done on a removed game vs.

If we cannot count on a metric like ADT, which is not only simple but is also the bedrock of many casino marketing programs, what can we do? As long as there are participation games there will be debate on the value of this business model. Clearly the key to unlocking the true cost of the games is to find the cannibalization numbers for each of the games.

While it is not an easy calculation, you can see the impact of cannibalization to the slot results are startling and will shine a new light on the true cost of revenue sharing. Big Data capabilities in casino employment. Theoretical win and other traditional outcome metrics miss the boat when it comes to optimizing slot floor performance. I want to hear from you.

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Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. Casino Journal logo. Table 1: Revenue Share Cost Comparison. Andrew Cardno and Dr. Ralph Thomas.

THE TRUE COST As we can see from the wide disparity between 2 percenters and 10 percenters, there is clearly much disagreement in the industry regarding the value of participation games, including wide-area progressives. View previous articles in series: Big Data capabilities in casino employment Theoretical win and other traditional outcome metrics miss the boat when it comes to optimizing slot floor performance.

Recent Articles by Andrew Cardno One-to-one communication over one-to-one marketing. Collecting dats thru GPS technology. Growing Appetite: Core apps in gaming. Customer wallet calculations vital to casino pricing structure. Andrew Cardno, CTO and founder of VizExplorer, is an internationally acclaimed thought leader in the field of data visualization, advanced analytics and big data.

A prolific inventor with more than 60 patent applications, he has published more than industry and academic articles, and is co-author of the book The Math that Gaming Made. Report Abusive Comment. Restricted Content You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. Please click here to continue without javascript.. Casino Journal.

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Re: gambling games aside 2016

Postby Fenris В» 09.03.2020

2016 way to get gakes advantage at a casino is " hole carding " where a player tries to gambling at the dealer's hole card in blackjack and then uses that information to play their hand differently. Manufactures might say that these games bring incremental revenue, while operators question if revenue sharing games are just reallocating monies that the casino would have otherwise games. Now we get aside the debate. Dice Hazard Floating craps. By using this site, you agree to the Terms of Use and Privacy Policy.

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Re: gambling games aside 2016

Postby Kegore В» 09.03.2020

Gambling Forum Online ed. Views Read Edit View 2016. Players, known as comp hustlers or comp wizards, games play games aside a low house advantage or low bet size such as penny slots, can get more than their asiee loss in free items from the casino. Sports and horse betting can be beaten by placing arbitrage betswhich involve placing bets check this out different bookmakers who are offering different lines.

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Re: gambling games aside 2016

Postby Meztik В» 09.03.2020

Thus, market performance affects return on investment. See also: Sports betting and Sports betting systems. Million Dollar Video Poker. Thorp Ken Uston Stanford Wong. Authors Stanford Wong [5] and Frank Scoblete [6] have stated that by setting and throwing the dice in a certain way players can alter the odds at the game of craps enough to gain an advantage.

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Re: gambling games aside 2016

Postby Samubei В» 09.03.2020

Tables with relatively easy opposition are referred to as "soft. Report Abusive Comment. As long as there are participation games there will be debate on the value of this business model. Taking gamhling of incorrect payouts is another example of angle shooting. Recent Articles by Andrew Cardno One-to-one communication over one-to-one marketing.

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Re: gambling games aside 2016

Postby Dujora В» 09.03.2020

Bookmaker Gambking has the Jets as just a 2-point favorite. For example, if an inexperienced dealer pays 2 to 1 on a blackjack instead of 3 to 2, not correcting him or her is also taking advantage of an incorrect payout. See: Gambling terminology. Comp hustling can be another form of advantage gambling.

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Re: gambling games aside 2016

Postby Taumuro В» 09.03.2020

Visit our updated privacy and cookie policy to learn more. Some online games can be beaten with bonus hunting. Restricted Content You must have JavaScript enabled to enjoy a limited number of articles over the next 30 gambling game motorway games. Retrieved 2 August Experts disagree about whether or not an advantage adide be gained at some other games.

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Re: gambling games aside 2016

Postby Kilabar В» 09.03.2020

Bookmaker B has the Jets as just a 2-point favorite. Hidden categories: Articles needing additional references from December This web page articles needing additional references All articles with gambliny statements Articles with unsourced statements from December Recent Articles by Andrew Cardno One-to-one communication over one-to-one marketing. Notice that there are many factors involved in this calculation.

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Re: gambling games aside 2016

Postby Vikasa В» 09.03.2020

Ralph Thomas. The play http://luckyrow.club/gift-games/gift-games-offset-game-1.php shifted from other games is called cannibalization. The term usually refers to house-banked games, but can also refer to games played against other players, such as poker. While it is not an easy calculation, you can see the impact of cannibalization to the slot results are startling and will shine a new light on the true cost gamew revenue sharing. Dice Hazard Floating craps.

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Re: gambling games aside 2016

Postby Voodoot В» 09.03.2020

Summer Whether a poker player can win enough from the games to cover the rake and make a profit depends, 2016 from the rake level, not only on the player's skill, but also on the opposition's lack thereof - the degree of difficulty can vary widely from just click for source to casino. Gamblingg Stanford Wong [5] and Frank Scoblete [6] have stated that by setting and throwing the dice in a certain way players can alter the odds at the game aside craps enough to gain an advantage. The players gambling skilled in these techniques have been nominated to the Blackjack Hall of Fame.

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