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Question of the Day - 08 January 2020

Q:

I come to Vegas 6 or 7 times a year and my game of choice is video poker. I play mostly at Stations casinos, because they offer 100% payback  machines. I do my homework and play with the best mathematical strategies. My question is why don’t other casinos offer this? When I go to the Strip, I never play video poker, because the pay schedules are so poor.

A:

We've addressed this question many different times in many different ways, but we still get variations of it frequently.

Call it "maximizing shareholder value." Call it "soaring short-term corporate profits and astronomic executive pay." Call it "Strip casinos don't like to gamble." Call it "the law of supply and demand." Call it "greed is good."

Call it what you want, but most video poker paytables at Strip casinos fall along the same trend lines as: 6-5 blackjack, triple-zero roulette, resort and CNF fees, paid parking, strictly managed drink comps, surge pricing in everything from hotel rooms and restaurant meals to bottled water and toothpaste -- in short, all the ways in which casinos (and other businesses; inflation and profit motives certainly aren't limited to the gambling industry) suck every last dollar out of every last Las Vegas visitor who simply doesn't know any better.

Meanwhile, the Strip casinos are quite content to let the locals and downtown casinos fade knowledgeable customers like you. People are coming in such vast numbers that the big casino operators can call their own tune. And why shouldn't or wouldn't they? After all, that's how the game is played in the heart of the city that embodies the most money-oriented culture known to man. 

Perhaps, someday, the Las Vegas Strip will be forced, due to whatever the circumstances turn out to be, to retract its overwhelming cupidity and avarice. Until then? Let the suckers pay the freight. The rest of us? We'll be doing what we always do: finding the deals, exploiting the edges, and being faithful to our frugal values. 

 

Why don't Strip casinos offer 100%-payback video poker?
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Comments

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  • David Jan-08-2020
    An alternative view
    While I understand the answer I don't necessarily agree that the casinos are correctly acting. Walk through any casino on the Strip and what do you see ... banks of video poker machines sitting idle. I'm one of those people who loves to play video poker but walks past those idle machines because of the pay tables. How much does it cost the casino to host a machine that isn't used?

  • rokgpsman Jan-08-2020
    Ha!
    "Why don't Strip casinos offer 100%-payback video poker?" -    
    
    For the same reason they now charge to park your car and they add on a resort fee to your hotel room. GREED. They are more interested in fleecing visitors than they are in cultivating long-term customers. And as long as people continue to pay the fees and play the lousy table games/machines with bad payoffs it won't change. They are all about making the most money they can in the short run. Too many of the Strip visitors act like sheep and spend all their vacation money on the Strip, if they'd seek out better places to gamble the Strip would respond by offering better deals. 
    

  • Ray Jan-08-2020
    They don't have to
    That's the ultimate answer. They don't have to offer better payouts. Just like non-Las Vegas casinos (I've been to IL, IN, IA, WI, MI, OK, NM, AZ). Vegas, and other gambling destinations, don't depend on smart gamblers, because they can depend on all gamblers. And if the only gamblers they lose are the "smart" gamblers, they haven't given up much.

  • Adam Cohen Jan-08-2020
    Greed or ignorance
    It might get people upset. But of course, it is greed and the need to feed the bottom line. But is it not our own fault? How hard is it to go enjoy the strip the free shows the sights but to take our gambling dollars to the 3:2 tables and full pay. When we choose not to learn then we allow it. I know people here know better, but I am talking in general. I mean how often do we buy the brand name when right next to it is the same quality for a few bucks less. I am happy to pay extra when it means people get more for their money or when the people making it get a full wage. But I like most people reach for the name brand too often. Ever heard of the Bose tax on Bose speakers what about Wine brands etc.  

  • Jackie Jan-08-2020
    A different reason
    is that out of state visitors "feel" safer on the strip.  I've hosted several friends of a friend who came to Vegas when I lived there and asked me to show them around.  They always wanted to do the strip only and when I asked why, the answer was always the same, other non Nevadans had warned them about rampant crime away from the strip  You can't fight fear, reasonable or not.  No matter what I said or did would not alleviate their fears of going off strip.  I've even heard strip casino employees warn out of towners to not wander away from the strip or they will get mugged.

  • Jeff Jan-08-2020
    Reply to Jackie's comment
    I think there IS "rampant crime away from the Strip."
    
    I'm sure that the overwhelming majority of Las Vegans are law abiding, hard working people who love their families etc., but I often watch the Las Vegas local news online, and I am astounded at the amount of violent crime that is reported there on a daily basis. The news is mostly about car-jackings, murders, shootings, robberies. Much more than even in New York City where I live. The number of transients, desperately poor, rootless people, mentally ill people, people with rage issues who own and use guns seem to move to Vegas in disproportionate numbers.
    
    Off-Strip casinos may be as safe as Strip casinos, but the city has a serious violent crime problem that, fairly or not, will tend to keep visitors on the Strip with its private security, video surveillance, and Metro presence.

  • Bumbug Jan-08-2020
    I just stopped visiting
    I used to visit Las Vegas 4 or 5 times a year. I've cut back considerably because of all the poorly paying games, resort fees, parking fees, etc. In 2019 I travelled to Vegas exactly once, for only 4 days. Instead I've been going to the Gulf Coast, to Biloxi and Gulfport, where I feel much more appreciated. I still get comp'd rooms and most of the casinos don't charge me the resort fee when my room is comp'd. They also still have free parking and I seem to win at least some of the time there. I find it to be a much more welcoming atmosphere.

  • [email protected] Jan-08-2020
    mr
    The Sundance Grill at the Silverton has a late night special from midnight to 5am,you get a 7oz New York Steak,2 eggs,hash browns and toast for 5.99,..you really can't beat that deal

  • [email protected] Jan-08-2020
    crime
    Whenever you have money like in Las Vegas you can assure yourself that there will be crime in the city.Crime is everywhere these days,you just can't avoid it,all you can do is be as cautious as possible about your surroundings.In las vegas you have to know where you can go and where you shouldn't go.Hotels have people who will answer your questions whatever you may have,but off the strip,on the strip,it don't matter anything can happen at any time even with the presence of metro or not.They just can't be everywhere so you must watch yourself on the strip also.Going thru a alley along side casinos where its dark to maybe take a short cut might just be a big mistake.You can't be on edge all the time though cause then you will not have a good time,and you are there to have a good time so just be yourself and have fun 

  • Roy Furukawa Jan-08-2020
    Reply to @Jeff
    You really shouldn't watch the news to gauge violence, crime, etc. in a city. Every large city has these problems, but I've never felt unsafe near casinos off-Strip unless they were in some dark alley away from people. You miss out on a lot of hospitality at locals casinos too.

  • Pat Roach Jan-08-2020
    Where's Kevin Lewis?
    Anyone else wonder why KL hasn't weighed in?

  • SoCalDude Jan-08-2020
    Same reason...........
    ................Sportsbooks offer the Cubs to win the WS at, say, 10-1 odds, when the real odds should be 15-1 or higher. They know people are too stupid to know what they should be getting and will bet it anyway. Smart move on their part. Take advantage of the dummies and the few smart ones out there - they suffer and lose a little to - but a fraction of what they gain from the dummies

  • Jan-08-2020
    The Strip: for Impulsives
    To expound upon Ray's right-on explanation of "They don't have to": Part of the reason they don't have to is because the patronage of Strip casino/hotels is highly composed of "impulse" visitors as opposed to regular and/or knowledgeable gamblers. The #1 constituent of Strip casinos' patronage is Southern Californians, who go in droves, any way they can (mostly via cars) just once or twice per year, and most of them are not knowledgeable gamblers. They want to get out of town and go to someplace where they can smoke tobacco (which is prohibited in California restaurants and bars) and drink alcohol and get wild while being dazzled by glamour, and that means Vegas. Not a one of these people knows anything about video poker, much less pay tables or strategies; they just know that they can win 4000 coins for hitting a royal flush, and so they sit down at a machine and start playing it without knowing how. Because the casinos know all about this, why wouldn't they select poor pay tables?

  • Michael Jan-08-2020
    Where's Kevin Lewis?
    Perhaps he got tired of beating the same dead horse ad nauseum.