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#11
05-20-2007, 03:30 AM
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Re: Slots in Vegas looser during the week?
[ QUOTE ]
Actually, it's more like changing the rules (e.g changing a blackjack game from S17 to H17) [/ QUOTE ] Yep I see your point. The answer for legislators may be to allow operators to change the denomination or game, but not the RTP%. This will not happen BTW. They will allow operators to alter the RTP%. 
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#12
05-20-2007, 09:15 AM
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Re: Slots in Vegas looser during the week?
Has legislation ever toyed with the idea of requiring the % payback to be labelled on slots? I'm supposing probably not. The reason I ask is when I stayed in Deadwood the hotel I had had the payback on their slot machines. Funny though, that people weren't even playing the highest % machines. You're right, slots are for suckers.
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#13
05-20-2007, 04:20 PM
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Re: Slots in Vegas looser during the week?
[ QUOTE ]
Has legislation ever toyed with the idea of requiring the % payback to be labelled on slots? I'm supposing probably not. The reason I ask is when I stayed in Deadwood the hotel I had had the payback on their slot machines. Funny though, that people weren't even playing the highest % machines. You're right, slots are for suckers. [/ QUOTE ] I doubt that will ever happen in Nevada - though I could see it happening in AC. As to the rest of the thread, considering that machines are really nothing more than computers, networking them and adjusting payout schedules and the vig remotely is trivial. It makes sense to adjust during peak hours. AB
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#14
05-23-2007, 04:09 PM
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Re: Slots in Vegas looser during the week?
Adjusting slot payouts to increase the yield to the House during peak periods is an extremely poor decision from a marketing standpoint. I would guess that the few extra dollars wrung out by increasing House edge for a few hours a day are not worth the potential loss if consumers sniff out something that smells fishy and take their business elsewhere. Remember, Vegas is happy to take your money 10c at a time and slot machines cannot lose over time, no matter what. The system is based on trust; risking it here would just be silly.
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#15
05-23-2007, 05:28 PM
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Re: Slots in Vegas looser during the week?
[ QUOTE ]
Adjusting slot payouts to increase the yield to the House during peak periods is an extremely poor decision from a marketing standpoint. [/ QUOTE ] Vegas hotel room rates skyrocket during peak times, this doesn't seem to effect their occupancy rate. Perhaps you are mistaken??
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#16
05-23-2007, 05:34 PM
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Re: Slots in Vegas looser during the week?
[ QUOTE ]
[ QUOTE ] Adjusting slot payouts to increase the yield to the House during peak periods is an extremely poor decision from a marketing standpoint. [/ QUOTE ] Vegas hotel room rates skyrocket during peak times, this doesn't seem to effect their occupancy rate. Perhaps you are mistaken?? [/ QUOTE ] That's totally different. That's simple supply and demand. Gambling against a House is a system based on trust and good public relations is about doing what is necessary to avoid appearances of being untrustworthy. One thing has nothing to do with the other.
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#17
05-31-2007, 04:33 PM
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Re: Slots in Vegas looser during the week?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Adjusting slot payouts to increase the yield to the House during peak periods is an extremely poor decision from a marketing standpoint. [/ QUOTE ] Vegas hotel room rates skyrocket during peak times, this doesn't seem to effect their occupancy rate. Perhaps you are mistaken?? [/ QUOTE ] That's totally different. That's simple supply and demand. Gambling against a House is a system based on trust and good public relations is about doing what is necessary to avoid appearances of being untrustworthy. One thing has nothing to do with the other. [/ QUOTE ] It only appears different to you because it does not support your supposition. In reality it is exactly the same so again I ask you, might you be mistaken? Only fair that I elaborate a bit, slot players won't know (excluding dedicated VP players) or won't care if a specific bank of slots are looser or tighter than normal. They never see the "long term" results, just like most poker players who think they are winning players but are on a short term heater, the opposite of that really but I think my point was clear.
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#18
06-01-2007, 12:36 AM
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Re: Slots in Vegas looser during the week?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Adjusting slot payouts to increase the yield to the House during peak periods is an extremely poor decision from a marketing standpoint. [/ QUOTE ] Vegas hotel room rates skyrocket during peak times, this doesn't seem to effect their occupancy rate. Perhaps you are mistaken?? [/ QUOTE ] That's totally different. That's simple supply and demand. Gambling against a House is a system based on trust and good public relations is about doing what is necessary to avoid appearances of being untrustworthy. One thing has nothing to do with the other. [/ QUOTE ] So when a casino floor is busier on weekends and the tables and slots are running at 100% this is <u>not</u> supply and demand in action? As for being an "extremely poor decision from a marketing standpoint" I can't agree. As another poster stated: Joe Schmo is probably never ever going to notice a 1% variation and your VIP players could be offerd the "normal %" on the machines as an incentive. From a marketing perspective this is a promption that costs you exactly zero, and the player feels as though they are getting a benefit when in fact they are playing at normal RTP.
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