We’ve all heard the phrase “if you build them, they’ll come.” It was popularized in the movie “Field of Dreams” and over time it has become meaningful that as long as you give people something, they’ll come there.
This isn’t really the line I think applies to the casino industry. Hundreds of inventors have built thousands of games that very few people have come up with. The game was built, but didn’t come.
It is said that only one in a hundred games that make it to the casino floor can be considered successful. This is not a great opportunity and does not seem to match our quote visit Domino777.
But, this week I am reminded that there are several aspects of casino gaming that prove this quote all too well. I was told that some casinos on the Las Vegas Strip have started offering Triple 0 roulette. My jaw dropped to the floor when I heard this! In America, most roulette wheels are double 0’s, consisting of the numbers 1 through 36 and 0 and 00.
With a payout of 35 to 1 for serial numbers, the payout is 36/38 or around 94.6%. This is a pretty significant house advantage, especially compared to the single 0 wheeler, which has a “only” 2.7% house advantage. At least this puts roulette on a par with some of the lower paying table games and some full pay video poker machines.
At 5.4%, roulette is well below respectable table games (except for the sidebets), below almost all video poker machines and starting to get close to slot machine territory. But, with three 0’s on the wheel, the house advantage is 7.7% and we are now within reach where we would only find slot machines.
I’m certainly not a big fan of playing slots, but at least some of them offer a chance for big wins. Roulette generally doesn’t offer this. The top prize hits a single figure with a hit rate of under 3% and a payout of only 35 to 1.
So, why have these casinos choose to offer this game? Well, obviously they like the idea of increasing the house advantage and, in turn, the game will provide them. Roulette doesn’t require any real strategy and nearly every bet on the table has the same return, so they can’t rely on human error to increase their profits.
They can only offer this game on one condition – if people play it. If the quote is valid – they made it up, so people will come – then there is no reason for them to pay more than what is necessary to fill the table.
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