It is as people said, .25 commission for all bets up to and including $5. Then if I read correctly, they won't let you bet 6-$9. You have to bet at least $10, if you want to bet more than $5. The sad part was, ploppies were in abundant supply, happy to put down .25/hand.
Resorts $2.00 game
- Thread starter Thunder
- Start date
That's debatable. With a $2 bet, you're giving the house right away a 12.5% advantage. Combine that with the 2% advantage or so that the house already enjoys over these ploppies, and that's about a 14.5% house edge. Most quarter slot machines offer better returns than this.
Nynefingers
Well-Known Member
But blackjack offers you significantly fewer bets per hour.Thunder said:
I guess I have to do the math for ya'll since you are just making assumptions
400 spins/hr with a 10% house edge on the .25 slots = .25*.10*400= $10 loss/hr
60 bj hands/hr at $2/hand and 14.5% house edge = $2*.145*60 = $17.40/hr
Even if the ploppie were able to do 600 spins/hr on the slot machine which I HIGHLY doubt the vast majority of people do, that's still less than what the casino is making from BJ.
Granted these numbers could be skewed based on how good the ploppie is at BJ or the payouts on the slot machine but on average I believe the slot machine is the better deal for the ploppie.
400 spins/hr with a 10% house edge on the .25 slots = .25*.10*400= $10 loss/hr
60 bj hands/hr at $2/hand and 14.5% house edge = $2*.145*60 = $17.40/hr
Even if the ploppie were able to do 600 spins/hr on the slot machine which I HIGHLY doubt the vast majority of people do, that's still less than what the casino is making from BJ.
Granted these numbers could be skewed based on how good the ploppie is at BJ or the payouts on the slot machine but on average I believe the slot machine is the better deal for the ploppie.
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SystemsTrader
Well-Known Member
Shame on NJ Gaming for allowing this to happen. This is equivilant to approving a scam, the casinos are totally taking advantage of their customers with the least amount of money. I don't want to call it putting a tax on idiots but its more like taxing the uninformed.
Why assume that the people playing $2 BJ have the least amount of money?
Would you assume someone playing nickle slots has less money than someone playing quarter slots?
The people playing $2 BJ have chosen to limit their exposure to the game and are willing to pay a premium for it.
Would you assume someone playing nickle slots has less money than someone playing quarter slots?
The people playing $2 BJ have chosen to limit their exposure to the game and are willing to pay a premium for it.
SystemsTrader
Well-Known Member
You are correct Shadroch people playing $2 tables doesn't mean they have the least amount of money. One of my friends who comes to the casino with me once or twice a year, only plays basic strategy, flat bets and always plays on the table with the lowest minimum. He makes about 100k per year. But those tables will still attract a lot of gamblers with less money to spend. It's only natural if you don't come to the casino with a lot of money you will look for tables with lower minimums.shadroch said:
By charging an ante you are still taking advantage of uninformed gamblers who simply don't know any better and I think this is wrong. I feel its the responsibility of these gaming commissions to not let casinos take excessive advantage of their customers. In my opinion if gaming licenses are going to be issued a line should be drawn in the sand at a point where games are at least semi-fair.
Nynefingers
Well-Known Member
Of course we are all making assumptions, yourself included. We have to have some basis for comparison, so assumptions are necessary. I believe that your assumption that quarter slot players are going to play 1 coin on 1 line every single pull is probably not accurate. Using your numbers, they would have to bet an average of 1.74 coins per spin or more to be worse off than the blackjack player. I think the majority of slot players out there are going to bet more than 1.74 coins per spin, on average.Thunder said:
Automatic Monkey
Banned
Any sign of DD at Resorts yet? They have billboards up touting it.
Nynefingers
Well-Known Member
An important factor is that while the $2 blackjack players may also vary their bets, the extra money they bet is not lost at the full 14+%. Regardless, I think we all agree playing blackjack with an ante or playing slots is a very expensive pastime.Thunder said:
