[Toonces]

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Are there a lot of suboptimal players though who are playing ONLY because the paytable is +100%? I find it hard to believe that the casinos overall take would decrease if they replaced all their +EV double bonus machines with ones with a less generous paytable.


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There are a few things going on here. It's true that the majority of gamblers wouldn't look at the paytables, and so the strip hotels fleese them with the worst paytables. But the LV locals are a lot more likely to play VP than slots and they are a lot more discerning. Since they are often in many casinos, they will choose to play at the ones with the best paytables, whether they know the perfect strategy or not.

Think of it like posted gas prices. Some places price their gas 10 cents over average and hope that the undiscerning consumers will earn them their profit. Others market to the discerning consumer by keeping their gas the cheapest in the area and making it up on volume.

The locals casinos that offer 100%+ games (which, by the way, are essentially never offered over the $1 machines) choose to take a loss on the occasional pros in order to attract all of the discerning players that do pay attention to the publicly displayed paytable, not to mention that they want to take advantage of word of mouth and "Best of..." surveys that are frequent in LV.