Hey, at least Jerry Springer thinks BO is doing a good job....

Why do they have limits well that is quite simple (I thought you would have known that at least) it is so they can controll the amount that they might possibly have to pay out (Leaving nothing to chance) or even controll the type of player that they will get at a table
For example if they say you need X$ amount to enter a game then that could keep out any but a seriouse gambler (Care to tell me I am wrong?) after all the larger the bets made the greater the house % return I think you will find that the size of the maximum bet allowed will depend proportionaly to the size of the casino.

Now back to the question what part of a casino operation is left to chance, try to simply answer it this time without resorting to your usual rudeness

Do they perhaps leave the houskeeping to chance?
Do they perhaps leave the catering to chance?
How about the entertainment?
The parking arrangments?
filling the change machines?
the staff training?
the staff cloathing?
the air con units?
the lighting?
the colour of the walls?
Having someone on a winning streak at the tables?
Fire?
theft?

What part of the opperation is left to chance?

Now my initial statement cover bothe the long and the short term opperations unless you would like to prove that it did not LOL

 

Maximum table limits mitigate short term volatility risk. However, they don't eliminate it completely and the short term hold % is still left up to chance.

Here is your question: What part of the operation is left to chance?

My answer:

Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!
Short term hold % is left to chance!

You will notice that I repeated it 11 times. That is one answer for this time and one answer in anticipation of you asking the same question ten more times claiming I never answered it. Oh, is that rude. No more rude than being deliberately obtuse!


Now perhaps you don't believe me. After all, I say I work in an Atlantic City casino and have experience as both a hotel and revenue manager, but how do you really know I am telling the truth? Maybe instead of taking my word, we should hear from someone who we can agree is an expert in casino operations. The following is a quote from an article written by Bill Zender. I will also post a link to the entire article as well as a link to his Linked-in page detailing his qualifications.

live-gaming-calisthenics-how-live-game-executive-trains-2010

http://www.linkedin.com/pub/bill-zender/10/765/b90

Now when Bender says that every game of CHANCE is subject to fluctuations and that even with a mathematical edge, win/loss outcomes are not predictable, he is saying:

Short term hold % is left to chance!

Also notice that he mentions that the executive committees have a low tolerance for temporarily poor revenue results. I wonder where I have heard that before?


CHECKMATE!