Blackjack with poorer payouts making headway in Vegas

From the Las Vegas Sun:
Blackjack with poorer payouts making headway in Vegas

"‘Sometimes it’s OK to have sucker bets if the suckers are enjoying themselves,’ casino consultant says"

Article here:
http://www.lasvegassun.com/news/2010/jun/18/blackjack-paying-6-5-making-headway/

That quote sums it up

"‘Sometimes it’s OK to have sucker bets if the suckers are enjoying themselves,’ casino consultant says"

Unfortunately, complacency is what leads to worse and worse odds. Once everyone is happy with 6:5, then we'll go to even money.:flame:

It is annoying to us, but they're probably right, ultimately - people who want to come and entertain themselves for a little while on a small budget don't really care, especially if the minimums are lower.

I do find it offensive that they're praying on ignorance, of course. Should be relevant to that AP-morality thread.

It will also have the tendency to shift the demographics a bit from the bigger bettors who know a little better, to the drunk tourists who couldn't care less, and just want their $100 to last a little longer.

That's what it comes down to, the $1K a hand whiskey-and-cigar guy is dead and gone. And he was the guy keeping the quality of service and games up in casinos, because he would feel personally disrespected and never come back if he was offered 6:5 or any rules less than what he was accustomed to. What you have left are the Asian players who are all about superstition, and the kids and housewives who do not consider winning and being treated respectfully part of their identity, and are willing to say "Whee, that was fun" after losing their $100 and come back 6 months later.

A couple of years ago when they first tried making this the standard game it didn't fly and seemed to be retreating as fast as it appeared. I don't know what they think is going to be different this time. Maybe it's just desperation, executives trying to look busy.

I think they just keep testing the waters to see what will fly. Maybe some of the accountants and other financial types were not employed a few years ago so for them it's just another stab at a cost-saving measure. Accountants are notorious for cost savings at the expense of business vitality, since they seldom understand more than the bottom line and often nothing about business management and strategic planning.

That's true, a lot of the new geniuses might not remember 2004 and 2005. I think it's more than being bottom-line oriented as this has been shown to not help the bottom line. You have to consider that the bottom line is just the sum of all the other lines, and it doesn't really make a difference if a person who comes there to lose $200 loses it in 15 minutes or an hour, but it does make a difference if a person gets turned off by a sucker game and decides not to play at all.

How true. By bottom line, I mean a certain nearsightedness that does not see the long-term consequences of short-term or instant savings. If they could see the big picture, then bottom line would take on a whole new meaning as you aptly point out.

It does make a difference. If someone makes a trip to LV, they likely have budgeted a certain dollar amount they were willing to lose and figure it will last so long. Now that it's gone much more quickly, they are less likely to be a repeat customer, especially now that most US residents are within driving distance of a casino, unlike 10 years ago.

Casinos, like restaurants, can only survive with repeat business.

I wonder how true this comment is?

The 6:5 payouts kinda of remind me of Wal-Mart. At first they catored to their customers and made a mint by doing so, but when they got everybodys business and everyone to trust them, they where able to monopolize. At that time, they became greedy and doubled all their prices and started screwing the consumers. Today, im hearing more and more complaint about Wal-Mart and the consumers are begining to turn on them. I see the same thing happening with the 6/5 payouts and it will only be a matter of time, before the people stand together and say were not gonna take this **** anymore.:whip:

Walmart is watching... and casinos.

I agree, Jack. These ploppies are all gonna get really fed up with being ripped off by sucker 6/5 BJ one of these days, and move back to a much fairer game: The Big Wheel. :grin: