let's get the facts straight: poker makes money

[Jimmy The Fish]

Well, that's cool. In one post, the estimated profit is "less than 0.02%". In the next post, the same poster claims that a Harrah's employee puts the number at less than 0.5%. For those of you counting cards at home, one of these numbers is 25 times larger than the other.

Oh, and should I have noticed that both estimates are positive, therefore giving the lie to the claim that poker rooms "don't make money"?

[Al_Capone_Junior]

Hey there journeyman boy, you should learn quick that when you get everything wrong in your posts, you tend to get ripped to shreds on the forums.

I never made any claims to what the percentages of a casino's yearly profit would be, nor did I intend to make any point of that sort. Whatever the number is, it won't be large and certainly won't have any relevance to this discussion.

Also, I have more than one friend in the positions you claim to have gotten such exclusive information from. Casino manager, yup. Directors of specialty gaming, yup. Poker room managers, yup. Another casino manager, yup. Certain others I won't mention titles for as well. And I'm not going to name-drop anyone, because that drags someone into this discussion that didn't ask to be brought in.

I also made no claims of competing with slots on a square foot basis. I specifically stated that this particular number was quite irrelevant in an area with absolutely no shortage of space. Seems your source also fails to comprehend this point, and more than likely all the others too.

If you have a legitimate point you want to make, and you back it up with more than just hot air, your input is welcome, always, even if you disagree with me.

Many have disagreed with me, even in this very discussion, and done so tastefully and with class. This has been an excellent thread and I'd prefer to keep it that way.

Al

[dtf13]

Fact.

Poker rooms don't make $$$

[Cactus Jack]

[ QUOTE ]
Fact.

Poker rooms don't make $$$

[/ QUOTE ]
WV Poker Rooms Profit

[EWillers]

[ QUOTE ]
WV Poker Rooms Profit

[/ QUOTE ]

Sweet. An actual, bonafide fact.

Thanks for the link.

[pokerswami]

The full story: News-Register

Take a look at where they put the auto-shuffler:
Photo

Seems to be seriously in the way of where most dealers would put the pot and board cards !!!!!!!!!!!!!!

[Milo]

Cliff notes:

Poker rooms make money, but not as much as other games.

Shufflers are a good thing.

Casino managers don't really value poker and poker players much, and there is disagreement as to whether this is reasonable or not.

[StevieG]

Milo,

<star color="gold"/>

[EWillers]

Supplemental cliffs notes:

"Facts" is a term of art.

"Bull-pucky" and "bull-crapola" is in good taste and has class.

[Max Raker]

[ QUOTE ]

With more than one table, the minimum break even rake per table goes down pretty quickly. Eventually the curve levels off. For example, a room with 100 tables would see little difference between 75 and 100 tables. Yes, this does indicate that there are limits to the profitability of poker. You simply cannot take a room that makes millions and force it to make billions by raising the rake.
Al

[/ QUOTE ]

What are you trying to say here? Are you assuming the 100 table room is operating at a lower percent capacity than the 50 person room. Other wise I see no reason for the curve to ever level off.