July 20, 2012
Mass Residents Now Visit and Spend More at RI Slot Parlors Than Rhode Islanders
From GoLocalWorcester.
Mass. residents spent close to $1 billion last year at New England casinos, continuing in a trend of increased spending over the past several years that beat out every other state in the area.This year was the first time that the Bay State outspent its neighbors, totaling a cool $909 million on gaming and non-gaming amenities at Connecticut's destination resort casinos and at the slot parlors in Rhode Island and Maine.
Massachusetts residents also, for the first time, out-visited and out-spent Rhode Islanders at Rhode Island's two slot parlors --- Twin River and Newport Grand --- by making 2 million visits to those facilities, and spending an estimated $284 million, which is a 7% increase over 2010 spending levels. Mass. generated more than $157.6 million in tax revenues for the Rhode Island state government.
Some immediate reactions:
> As reflected in disposable income, is this yet another indication of the inadequacy of the Rhode Island economy; in this case - a fair comparison - as measured against a neighbor's economy? A related question: is this yet another indication that Massachusetts is pulling out of the recession faster than Rhode Island?
> What are the implications to Rhode Island's slot parlor revenue stream when the Mass casinos come on line? Perhaps a more accurate question would be: how much further will that revenue stream be stunted now that Mass residents outnumber Rhode Islanders at our slot parlors?
Gambling is a voluntary tax for being stupid, which is better than a mandatory tax for existing or owning property or doing productive things in the economy in my book. If Rhode Island can convince idiots from Massachusetts to voluntarily subsidize Rhode Island government, then that's wonderful. It would be nice if it were a replacement stream of revenue rather than a supplement, but we all know there is no such thing in practice.
Posted by: Dan at July 20, 2012 11:17 AM"Gambling is a voluntary tax for being stupid"
Most people believe that Dan but the reality is that those who believe it are the "stupid" ones. An informed person of average intelligence and memory can go to Nevada and play at an advantage to the house every minute of the day. I have been doing it for 25 years and am a winner. 10/7 Double bonus, Jokers Wild, 9-6 DDB are just a few of the games that can be played at an advantage to the house.
Don't take my word for it, google FULL PAY DEUCES WILD-a game I could teach anyone of average intellect to pay profitably in under 10 hours.
Similar, though much tighter, advantages exist in Atlantic City with cashback, comps and promos taken into account. Until just a few months ago Mohegan Sun had an opportunity on a game called Pick 'Em which returned over 100.50% when factoring in cashback , comps and promos.
Tommy - The simple fact that there exist games of chance at specific venues in this country with a win rate slightly above 50% with perfect play does not change the plain reality that casino or lottery gambling is a statistically losing proposition for the vast majority of the population that participates in it. It is, for all practical purposes, a tax on the stupid.
Posted by: Dan at July 20, 2012 12:57 PMAgain Mr Cranston is delusional, the casinos always have the advantage. Think about it, why would they have a game with a win rate over 50% and then have to foot the bill for all the buildings overhead, payroll, taxes etc ?
A fool is easily parted from his money, and anyone who thinks he can beat the casino system is a fool
Again Mr Cranston is delusional, the casinos always have the advantage. Think about it, why would they have a game with a win rate over 50% and then have to foot the bill for all the buildings overhead, payroll, taxes etc ?
A fool is easily parted from his money, and anyone who thinks he can beat the casino system is a fool
Posted by Sammy in Arizona at July 20, 2012 3:23 PM
You complete and full on A-hole. If you are really in Arizona you are within driving distance of Las Vegas, which offers hundreds and hundreds of video poker games where the gambler has an edge over the casino. Simply google FULL PAY DEUCES WILD 100.76% to see for yourself what a deluded and ignorant sack of feces this Sammy character is. A person of just average intellect (Sammy A-hole-this ain't you) could easily learn to play this game at over 100.50%. Here is a simple strategy which brings one to 100.71%:
4 deuces
3 deuces
Pat royal flush
3 deuces only
2 deuces
Any pat four of a kind or higher
4 to a royal flush
4 to a straight flush with 2 consecutive singletons,6-7 or higher
2 deuces only
1 deuce
Any pat four of a kind or higher
4 to a royal flush
Full house
4 to a straight flush with 3 consecutive singletons,5-7 or higher
3 of a kind, straight, or flush
All other 4 to a straight flush
3 to a royal flush
3 to a straight flush with 2 consecutive singletons,6-7 or higher
deuce only
0 deuces
4,5 to a royal flush
Made three of a kind to straight flush
4 to a straight flush
3 to a royal flush
Pair
4 to a flush
4 to an outside straight
3 to a straight flush
4 to an inside straight, except missing deuce
2 to a royal flush, J,Q high
Terms:
Outside straight: An open ended straight that can be completed at either end, such as the cards 7,8,9,10.
Inside straight: A straight with a missing inside card, such as the cards 6,7,9,10. In addition A,2,3,4 andJ,Q,K,A also count as inside straights because they are at an extreme end.
Any hand that does not appear on the above lists should never be played. Most notably a two pair, keeping a single pair has a higher expected value.
From the Wizard Of Odds website
From a google of "FULL PAY DEUCES WILD 100.76%" proving sammy the troll is nothing but a suppository:
"There is a "full pay" version of Deuces Wild that returns 100.76% with perfect play"
"Full Pay" Deuces Wild - 100.76%. Believe it or not, this video poker slot actually offers the player the edge!"
"Full Pay Deuces Wild, the 15-9-5 pay schedule, returns 100.76% with perfect play. Further, close-to-perfect strategy is easier on this game than most others"
"With an EV of 1.0076, Full Pay Deuces Wild on average pays back 100.76% of what you put in, as long as you make all the right discard decisions."
"A skilled player gets the best advantage when playing full pay Deuces Wild as it pays out 100.76% on every bet over the long term"
"With expert play the Payback percentage for Full Pay Deuces Wild is 100.76%. With just a little practice, almost anyone can become an expert at Deuces Wild"
and that's just a few from among the first 100 google results.
Posted by: Tommy Cranston at July 20, 2012 8:14 PMAnd if that ain't enough, there is a picture of a 100.76% Deuces wild machine at www.luckydonut.com/blog/archives/2008/03.html
Posted by: Tommy Cranston at July 20, 2012 8:17 PM