Sunday, 11 October 2015

Advantage Play

Las Vegas has a set name for 'Professional Gamblers' - or at least, those they think will give them the most trouble (profit wise).

The term is 'Advantage Players' .. in that, they provide a financial risk, to the casino, in that the player, probably knows more about the game, than many of the dealers/pit bosses.

Each year, Las Vegas hosts an expo, which exhibits new casino games, coming down the pipe, and "Ap's" naturally go along, for research purposes.

The display teams, are mainly ignorant salespeople, so, details are often hard to get,but, u can get an overview.

New games coming along, include slots, which are said to have a deal of skill, worked in.

Some slots, will rate the play of the slot player, and based upon the skill level exhibited (in holding certain reels etc .. will change how loose or tight, the slot machine is.

Ap's, clearly see a flaw in this .. u could play like a Muppet, on 1c stakes, for 2 days, and then, when the machine lifts its planned return, hit if for the max, with professional level play.

It is often said, a chain is as strong, as its weakest link .. and this is the problem, in large organisations, there is always a weak point, which can be targeted.

In Las Vegas, profit once largely came from the casino (90%+), but now, its largely an equal mix, of casino/night-club and hotel. As such, the casino hosts, have much less leeway, to comp guests.

The night-clubs are not cheap .. and the contents once inside, are .. to my mind, mindlessly expensive.

Recently, on someones 21st birthday, a young man decided to visit, and paid the $164 entry fee, but declined to pay $1000 to go into the VIP section. He was courted by the night-club, and asked if he wanted to upgrade, but, politely declined. He was asked, more than once, and declined.

A movie-star was in the VIP area, and oddly perhaps, asked to meet our hero. The youngster went to say hello, stayed, for maybe 5 mins, and returned to his seat. On sitting back down, he was told he was in the VIP area, and must now pay the $1000 cover charge. He declined.

Security was called, and they over-stepped (allegedly). Some punches may have been thrown, and our hero was handcuffed.

Once a senior manager got involved, it was clear, the night-club was in serious doo-do, and let him go.

A high-level Las Vegas lawyer, is now negotiating with the night-club. A settlement of a few hundred thousand dollars, is likely.

I repeat .. its hard to not have weak links. Look, and u will find them in most organisations .. exploit them, and u will be thinking like an AP.

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