I was wondering why the casino slot clubs reward video poker players so much less than slot players?
[Editor's Note: Here's Bob Dancer's take on this question.]
I’m going to use the term “players club” instead of slot club. It’s the same thing.
Years ago, when Jeffrey Compton was composing his The Las Vegas Advisor’s Guide to Slot Clubs (long out of print, but you can find it on eBay if you want to know what the rules of slot clubs were 25 years ago), I asked him about the apostrophe. Should it be “player’s club,” “players’ club,” or “players club?”
Jeffrey responded, "I haven't decided yet." As if he could make a proclamation and all casinos would follow it! A quarter of a century later, he still hasn’t decided.
Anyway, the purpose of a players club (no apostrophe) from the casino’s point of view is to reward good customers and get them to return to the casino. The casino uses the players club to accumulate player data -- age, address, game preferences, total coin-in, wins and losses, etc. -- in order to generate offers to get the player to return to the casino.
Simply put, it’s far easier to get a player to return to a casino the second time than it is to get him or her in the first time.
In general, slot machines have an average return of, say, 94% (6% hold) and video poker machines have a return of 97% (3% hold). This varies, of course, by casino and by individual machines. For a given amount of coin-in, a player on a game with a 6% hold is twice as valuable as a player on a game with a 3% hold.
This means that a slot player in this particular example is twice as valuable to the casino as a video poker player. It’s worth more to the casino to get such a player back again. That’s the main reason slot players get rewarded more than video poker players.
But it’s more complicated than that.
In today’s casinos, each machine has a “theoretical,” the amount the average player can be expected to lose for a given amount of coin-in. A video poker player playing a 97% game has a much higher theoretical than the same player playing a 99.5% game.
Some casinos require a different amount of coin-in to earn a point on the various machines. A slot machine might require $5 a point. “Regular” video poker might require $10 a point. “Loose” video poker might require $25 or even $50 to earn a point.
In addition to earning points, offers are given to players based on the theoretical generated and sometimes their win or loss. You can still generate a high theoretical playing loose video poker if you play lots of coin-in, but per dollar of coin-in, it’s easier to earn a high theoretical playing slots than it is video poker.
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David Miller
Apr-28-2022
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[email protected]
Apr-28-2022
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Donzack
Apr-28-2022
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Tal2
Apr-28-2022
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Donzack
Apr-28-2022
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timtanium
Apr-28-2022
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rokgpsman
Apr-28-2022
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Roy Furukawa
Apr-28-2022
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Jerry Patey
Apr-28-2022
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rokgpsman
Apr-28-2022
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