|
|
tommy Eternal Order Devil's Island 16543 Posts |
Data Shows That Casino Firms Depend On Prolific Gamblers For Vast Majority Of Profits
Less Than Three Percent Of Customers Give Joints Half Of Revenue http://www.cardplayer.com/poker-news/162......-profits
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
Cagliostro Inner circle 2478 Posts |
An implication: High rollers — better known as whales — fuel the industry and they are only a small percentage of playing customer, evidently less than 3%. Macua covets these type players and so does Las Vegas to a lesser extent.
Are they addicts, are they degenerate gamblers, the article does to say, but it seems that they are highly superstitious from what I have seen. Since the players in question are for the most part Asians, can we reach some conclusions about their psychological makeup that causes them to “blow” so much money at a completely irrational pursuit – trying to win at casino games with absurd “systems” or going through what may appear to be almost insane rituals to have the goddess of luck grace their play. Or is it because they just have so much money that ego gratifying and emotionally satisfying endeavors are their mainstays. Eastern Asian are intelligent people and rate as highly as Caucasians on IQ tests, yet the Caucasians who play a lot are more likely to play games that one can use a rational methodology with, like BJ, poker and in some cases advantage play. Sometimes more knowledgeable gamblers fall into a situation where although they are losing players at casinos table game, an opportunity is presented to them which benefits them in the short run. Phil Ivey is a case in point. Even though he is a professional poker player and makes a goodly amount of money from that endeavor, still he tackles the casino table games and loses his money there like any other chump. Since he is a high roller who has lost at these games in the past, when he was introduced to an angle with the turn-a-bout play, they did not expect or suspect him reversing the tables on them as he was just another losing whale. It appears it was his "assistant" that made the play work, not Phil Ivey. In fact, if he had not greatly overplayed the gaff like some square-john chump, it would have been unlikely that he encounter the problems he did with the play. |
tommy Eternal Order Devil's Island 16543 Posts |
I don't know. All I know, is that, if you steal a few of a casino's good customers for your private joint, then the casino will likely rat your private joint out, to the Gambling Commission. The guys that I stole, were not what I would call compulsive gamblers. I would decribe them more like Jerry Buss sorts. That is to say, just fellows with money, who can lose what are “big” amounts to most people but not to them. They can lose big it does not hurt them.
Some of the small casino's in my neck of woods don't high rollers, as the casino's can't handle the swings. I have known a few big hitters get banned or told politely, look we just can't handle this. Some like to keep a steady income coming in from the normal players. Some high rollers are crazy for sure. The 3% figure seemed interesting anyhow.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
The Magic Cafe Forum Index » » The Gambling Spot » » 3% Of Customers Give Joints Half Of Revenue (0 Likes) |
[ Top of Page ] |
All content & postings Copyright © 2001-2024 Steve Brooks. All Rights Reserved. This page was created in 0.01 seconds requiring 5 database queries. |
The views and comments expressed on The Magic Café are not necessarily those of The Magic Café, Steve Brooks, or Steve Brooks Magic. > Privacy Statement < |