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Table Games The Evolution of Casino Table Games, 1985-2018

Discussion in 'Table Games' started by rittermd, Apr 9, 2019.

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  1. rittermd

    rittermd Low-Roller

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    An interesting read from the UNLV School of Gaming. The full report can be found at:

    https://gaming.unlv.edu/reports/strip_game_mix.pdf

    Executive Summary

    Over the past thirty-four years, there has been a considerable realignment of aggregate table game mix on the Las Vegas Strip.

    • Twenty-One (blackjack) has declined in both terms of units and revenue. In 1985, 77% of casino games were blackjack. In 2018, just under 50% were. In 1985, the game accounted for over half of all table game revenues: in 2018, it accounted for 28% of table win.

    • Craps has declined remarkably as a money-maker for casinos. In 1985, it generated over 28% of all table win. In 2018, it contributed less than 9% to total table win.

    • Roulette has increased both its revenue share and unit share by about 50% • Baccarat has spectacularly increased its win share in the past several years, out earning blackjack since 2009. Its unit share has grown proportionately with its revenue gain, although it has contracted in recent years.

    • Other games, including mini-baccarat, three card poker, and pai gow poker, have increased both their revenue share and their unit share.
     
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  2. charlestfuller

    charlestfuller Low-Roller

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    This is kinda heartbreaking everytime I see it. Hopefully craps never completely loses its share of the casino floor
     
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  3. stackinchips

    stackinchips VIP Whale

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    The vast majority of this trend has more to do with the creep of capitalism into China than anything else.
     
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  4. WINGSFAN2012

    WINGSFAN2012 High-Roller

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    Well the former owner of the Wynn said that when corporations look at table games, they look at expense and most Craps games take 4 casino employees-much more than roulette, blackjack etc, thus a higher expense. This is why he stated Wynn would never have $5 Craps anymore and lowered the allowable odds bet......

    I still see packed tables at my locals or Vegas......they can make up their profits with the 90% payout slots instead....lol
     
    Last edited: Apr 10, 2019
  5. stackinchips

    stackinchips VIP Whale

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    Very true, Although the ratio is probably a little better. A BJ table has one dealer, but can only seat 5-6 people. A craps table has 4 dealers but can have up to 16 people playing, so not THAT big of a difference, although you're paying for 4 of them to stand around at an empty table vs. 1 on BJ.

    I think the number of units is due to the invention of non-traditional table games. In 1985 there were no UTH, C4P, etc. Not sure on 3CP, LIR, PGP... I would imagine in 1985 your options were Blackjack, Baccarat, Craps, or Roulette for the most part. Can't offer a game that doesn't exist.

    As I stated earlier, the revenue declines are almost entirely due to the increase in Baccarat play from Asia. Notice that those revenues are expressed as a % of revenue, not the actual amount of revenue. I'm sure that the revenue from BJ is significantly higher, but it's share as a % of revenue has declined significantly just because other games have increased so dramatically in that same time period.
     
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  6. AyDee

    AyDee is getting too old for this

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    an interesting overlay on those graphs would be
    (time when 6:5 BJ was introduced)
    (wynns max 2x odds craps period)
    (000 roulette going forwards)

    Agree, sad for craps, it was once the top IIRC.
    Can't believe its that bad with all the people I see taking all the numbers, pressing any win, then PSOing.
     
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  7. WINGSFAN2012

    WINGSFAN2012 High-Roller

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    All table games have been under attack......Vegas and locals....

    BJ with the dreaded 6:5 payout becoming more common
    Roulette now having Triple Zero games being introduced
    Craps- Places like the Wynn offering awful odds- plus becoming harder at times to find $5 or even $10 at locals or the Strip....

    Table game players have not been dealt any favors in the years since 1985......
     
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  8. stackinchips

    stackinchips VIP Whale

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    As stated above, trying to tie the causation of this to deterioration of rules on games probably doesn't hold water. Sure the rules have gotten worse, but that also increases the revenue (assuming there isn't SIGNIFICANT drop in play due to the rules). If you look at the data, it's pretty clear that it's primarily two things that have attributed to the drop. The first is all the new invention of table games that gives people more options, and a significant uptick in Baccarat over the past decade, which is a direct result of changes in China and more players from Asia coming to Vegas to play large sums on Baccarat. I think it has very little to do with rules and simply more to do with the breadth of options and changing clientele.
     
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  9. spdandpwr

    spdandpwr VIP Whale

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    And now you see how numbers can be manipulated to tell a story! Nice work
     
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  10. spdandpwr

    spdandpwr VIP Whale

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    I will also say that the learning curve for craps is high / intimidating for new gamblers. Whereas slots and roulette are as simple as pressing a button or picking a number. If the barrier to entry is low, but the rewards, high, people will dabble. Can't beat a 35-1 payout with a near 3% probability
     
  11. joehypnosis

    joehypnosis Low-Roller

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    Bean counters didn't think people would notice poorer and poorer rules at blackjack tables. Many quit blackjack, including many who had always thought they could beat the game, even if they couldn't.
     
  12. willslotforcash

    willslotforcash Low-Roller

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    How are dealers paid in NV? In Ohio, dealers make server/tipped wages.
     
  13. woodsie

    woodsie VIP Whale

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    It's amazing to me that craps isn't more dominant. In my experience, there's two types of gamblers. People who love craps, and people who haven't tried it yet.
     
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  14. bardolator

    bardolator Lifelong Low Roller

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    The majority of players would probably agree. Craps is a lot of fun with the right people, but I don't love it, and I doubt that other players like me do, either. BJ offers better odds if you look around. Also, instead of one shooter and the rest interested observers, every player gets cards every time and makes decisions that affect the outcome of the hand. I prefer that sort of game; others prefer to wager the way they like and trust to fate.

    Interesting observations. I assumed the house has been chipping away at BJ odds because it perceives today's players as bigger chumps than in the past and because it wanted to discourage advantage players. Maybe it has more to do with BJ's lower popularity, and hence its lower contribution to the overall take. Far as number of dealers needed to hold a game: how often does one see an empty craps table as opposed to an empty BJ table, or one with only a single player?
     
  15. tringlomane

    tringlomane STP Addicted Beer Snob

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    They must make at least the complete minimum wage before any tip wages.
     
  16. JeJas

    JeJas VIP Whale

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    There are two types of people in casinos: gamblers and those who play craps.
     
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  17. thebig0

    thebig0 Low-Roller

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    Wynn has reinstated 3x4x5 odds at the crap tables when i was there in November 2018.
     
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  18. wagon b0y

    wagon b0y Low-Roller

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    I got my buddies hooked on craps. Mostly just playing the passline/odds with a 6/8 bet.

    I like playing craps with buddies because we all win or loose together. In blackjack its different. some loose and some win. I like playing blackjack by myself.
     
  19. Tonyfromjersey

    Tonyfromjersey High-Roller

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    Craps can be an intimidating game to try. Especially when you got a table going full blast. However my gut feeling is that younger players under 30 have neither the inclination or desire to learn the game in general. We must remember it’s the instant gratification generation. The “ On Demand “ crowd may have to wait many rolls for a conclusion. Plus craps is a very difficult game to play and check in on social media every two minutes.
     
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  20. WINGSFAN2012

    WINGSFAN2012 High-Roller

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    That is because the "namesake" is out of the picture?????

    I highly doubt that $10 tables at off peaks times are happening at the Wynn now?
     
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