Wednesday, November 25, 2015

Gambling in Southern California

Those of us who live in southern Riverside or northern San Diego counties in California, have  a lot of choices where to play when we want to gamble: Pechanga, Pala, Pauma , Harrah’s Rincon, Valley View, Sycuan, Viejas, or Barona to name a few. There are even more casinos to the north and to the east of us. When I have the urge to share my retirement checks with the local Native American tribes — which is way more often than is really wise I’m afraid — I can choose either a short 11 mile drive from where I live to Pechanga - or I can make a long drive 67 miles from my home to Barona or one of the other SD casinos 70 or 80 miles away. Or I could decide to try someplace entirely new 40 or 50 miles the other direction such as Soboba or Morango or San Manuel or something near Palm Springs. Living  in Southern California is both a blessing and a curse if you like to gamble.

Because Pechanga has not been lucky for us in the past, my husband and I usually pass on the short trip to Pechanga and set out on the 40 mile trip toward Valley View instead: south down HWY 5, then east on HWY 76, and finally a short jaunt farther to Valley Center Road. Why? Because along HWY 76 we also pass Pala (19 miles), Pauma (24 miles), and Harrah’s (29 miles) on the way to Valley View (40 miles.) There are comps to collect at them all, and if the machines at one casino are cold, they may be warmer at the one 10 miles farther down the road. 

Gambling on the reservations is not as convenient as gambling in Vegas or Reno or Atlantic City where there’s another gambling hall just down the street, but it’s better than being at the mercy of just one tribe that is not required to publish or regulate its payback percentages because of tribal sovereignty. The tribes all try to give back as much as they can. They know Vegas is just a short plane ride away. But they have to keep as much as they can too to have the money fulfill their compacts with the State and their contracts with their managing companies. 

There was a lengthy article on a recent slot-hold study in one of the magazines (Casino Journal) that I picked up at G2E. And, not surprisingly, there was a lot of praise in the article for the Barona experience.

First the study results. Analyzing payout percentage trends in 15 states, the study found that that the slot hold percentage increased by 6.2% from 2007 to the present. I’m sure that doesn’t surprise any of you. We’re all playing more and winning less. But not only are we losing more of our money, we are losing it four times faster. The speed of play would cause players to deplete their bankroll quicker ---- even if the hold percentages were to remain constant…which they haven’t. According to the Casino Journal article, “when you had to pull the handle and wait for the coins, it was about one play every 10 or 12 seconds. Now it’s one play every three seconds, or sometimes every two seconds. If its three seconds, that’s 20 pulls per minute. If it’s $3 a pull, you’re going through $60 per minute.”

UNLV’s Center for Gaming innovation says the cost of playing quarter slot and video poker machines was $20 per hour 20 years ago. Today it’s $125 per hour, a six fold increase. So, putting two and two together, most of the rising cost of game play has to do with speed of play, but tight machines are making things worse than they otherwise would be.

Another factor is higher max bets. Some gamblers believe you have to bet the max to trigger the features a game offers. Once the only bet higher than 3 coins was video poker, with 5 coins. Now players are playing faster and they are spending more money to do it. The worst change is the number of coins required to play. You can play a 50-line game with one coin per line, which is 50 cents, or you can bet max and 10 coins for $5 a pull. And they call these “penny games!” When we first played penny games, bets were 12, !5, 20, or 25 cents a pull, and we thought long and hard before raising our bet to a quarter. 

Today there are holds of 10-12 percent on these lower denomination “penny” games. Higher denomination games might hold only 3%. When you’re playing penny games you’re paying 12% to play that same title. You make your bets and suddenly your money is gone. Sometimes it’s gone because you decide to bet max thinking it will improve your wins. Sometimes it’s gone because you are low rolling but the casino is keeping a bigger percentage of your money. Sometimes there is no way to win it seems. The casinos don’t think the player can tell the difference when they tighten their machines. But we can. And we will talk about it, write about it, blog about it — and there will be a slow and steady exit from the tighter property to the looser one — if there is a looser one.

What’s a casino to do? How can they win back these decliners and defectors? One way would be to let us win more often.

The CJ article talked about the successful result of revamping a video poker experience at a Vegas bar to film the reality show Bar Rescue. At the time the bar was selected, its best offer was a terrible 6:5 pay schedule, a 96% game. Immediately the bar rescuers put in a couple of 100%+ games, and they put them on quarters and 50 cents rather than dollars. They chose two of the most difficult games to play correctly Loose Deuces and 10/7 Double Bonus.  An expert player might be able to make a average of $12 an hour on those games. The rest of the games - Bonus Poke, Double Double, Keno - were set at 95%. There were also some middle games like 9/6 Jacks or Better. The machines were advertised as the loosest video poker machines of any bar in Vegas - and within a week, volume had doubled, within a month volume was up 5 times. Structure some games so there’s a chance to win, and players will come they found. The games don’t all have to be winners - just enough loose machines that players think they might pick the lucky VP game to play. The same is true of slots — they don’t all have to be winners. But there have to be enough winners that we have a chance to pick the lucky machine to play sometimes.

I always smile when I read articles on gambling, and they suggest playing at the banks marked 95% payback. It makes me wonder sometime if these bloggers have every gambled in a California Native American casino. In the decade or more that my husband and  have gambled at the locals close to where we live, we have never seen a sign advertising any payback percentage. Sometimes a machine will have a handmade sign on it advertising a good jackpot the machine has recently paid - but never a percentage figure.

The Barona Experience

Dennis Conrad concludes the discussion in the October issue of Casino Journal by sharing some of what Barona has done to earn the title of Southern California’s best casino with the area’s loosest slot in local gambling papers. None of this information is based on my personal experience - my husband does not like to drive 67 miles each way to gamble, and I gave up driving when I left Indiana. I have only played at Barona once, for close to an hour. But when you hear the same praise for the same casino where ever you turn, you feel there must  be something to it — where’s there’s smoke there’s fire they say. 

How did Barona get its reputation as the best place to play in Southern California? First, Conrad says, Barona reduced the hold percentages on its machines. Not on all of them. But they have great video poker schedules. They have “manufacturer’s bests” where they have asked manufacturers to verify for customers that the game they have on Barona’s floor is the best pay table they offer. They promote the fact that they’re been voted “Loosest Slots in Market.” And they have no ATM fees.

They have created a value package without any general brand advertising. That provides about $10 million in savings that they have to spend on their customers.  One example is having executives walk around with $20 vouchers going up to strategically identified players saying “I see it’s your  birthday,” of “I see you haven’t been winning in the last hour,” or “You haven’t been here in a while.”  I get e-mails from Barona based on the single visit I made there one Mother’s Day telling me the casino is giving out 5x or 10x points because it’s raining or the temperature is is the 90’s  or some other excuse to come and play. I watched a slot video posted by Beam Me Up Slotty filmed at Barona last year where the staff was celebrating the filmer’s birthday with song and chocolate cake.  That’s a little different from those casinos who make you feel like a felon if you even film your game on your cell phone.

A lot of you gamble in Southern California. What do you think? Does Barona live up to its hype? Do you find its machines are noticeably better to you than its competitors’ slots? What would it take to get you to drive the extra distance to check it out?

Happy Thanksgiving to you all.
Here’s an oldie to help you celebrate the holiday.

Turkey Shoot




Wednesday, November 18, 2015

Superheroes and Robots Invade Las Vegas


If you attended G2E, you know that after the expo ends, you start finding news releases in your email every day alerting you to coming attractions in the gaming world. Too many to keep up with really. Today CDC Gaming Reports tells us that Treasure Island, former home of the pirate battle Buccaneer Bay and later Sirens of TI, is planning a new attraction for Vegas: superheros based on two popular themes: Marvel Comics’ Avengers and robots based on Hasbro’s Transformers. The venue, which is expected to open this coming March, will offer customers an interactive, theme-park-like experience geared toward the family crowd. 

The superheroes will not be occupying the TI casino. Treasure Island will be turning over the second and third floors of its recently completed 40,000 square foot retail area along the Strip to developers Victory Hill Exhibitions. (The property currently houses a CVS Pharmacy on the first level.) Victory Hill  has similar interactive experiences in other cities, but expects Vegas to be its marquee attraction according to Nicholas Cooper. Cooper is the chief creative officer of Victory Hill which owns the licensing rights for the brands.

The tours are expected to take about 50 minutes and will be self-guided, with characters and aspects of the story lines. Superheros Iron Man, the Hulk, Captain America, and Thor will staff the Marvel Comics facility on the third floor. The three-story Optimus Prime on the second level will surely be “more than meets the eye!” 

(Are you surprised someone my age is familiar with transformers? It’s because my three sons had transformers as kids; I bet a lot of you did too! I wasn’t a fan, but my children were, and they spent a lot of TV time watching the show and had a lot of transformer toys on their birthday and Christmas lists.)

The cost of developing the attraction was not given in the news release, but Treasure Island owner Phil Ruffin said the resort will advance Victory Hill $2 million for tenant improvements. Victory Hill will pay rent for the space, and the hotel-casino will also receive $1 for every ticket sold. Ruffin estimated the retail space, once the attractions are completed, will bring in $8 million a year to the resort. He also expects marketing incentives for Treasure Island’s hotel guests. Ruffin did not want to lease the space to restaurants, he said, because it would hurt the casino’s other food establishments’ business.

I haven’t find a casino slot game to link you readers to yet - I’ll keep looking - but there are online casinos with Marvel comic themes you can watch on the internet, some for money, some for free. I don’t know enough about online gaming yet to recommend one, but I’m sure most of you do. I bet you play these games on your phones and other electronic devices already. Maybe you can teach me something about apps and on-line games. I hope so. There’s a lot I don’t know. In the meantime, we’ll all be watching for our favorite comic book and TV heroes to see how they expand and transform our Vegas fun.

Update: I just got a reminder from Slot Traveler that Iron Man by WMS is a Marvel slot game. Thanks for the info.



Sunday, November 8, 2015

WSOP and Verbivores


The best thing about writing a blog is you can write whenever you want about whatever strikes your fancy. If you look back over the entries I have posted in mine this past year, you will see articles about a variety of topics, mostly relating to gaming of some sort. New slots at G2E and films of slots on YouTube, various aspects of sports and sports betting, California Native American casinos and tribal sovereignty issues, the differences in Class II and Class III slots, news articles about gamblers and gambling, the tax implications of winning or losing when you play, money laundering and title 31 (money laundering) concerns. Whatever is on my mind at the time I sit down to write is what you get to read when you visit spinning2win.blogspot.com. If you don’t find a particular entry is something you care about, that’s okay too. The next week I’ll be talking about something entirely different, and that may be something you want to know about. This week the game is Poker.

Today the finals of the 2015 World Series of Poker begins. Nine players are left, each hoping to win $7.6 million and the title of World Series of Poker champion in the event’s annual no-limit Texas Hold’em tournament. The group of 9 pros, retirees, and software developers have outlasted 6,410 other players each of whom paid $10,000 for the chance to take home the big prize. 

The favorite is a 24 year old from North Wales, Pennsylvania, with a degree in mathematics from Arcadia University, Joe McKeehen. He enters the finals with 63,100,000 in chips. His earnings before the Main Event total $2 million. Sitting comfortably at the top of the pack, he has more than twice the number of chips as his closest competitor. Not bad for a 24 yr old!

In second place with 29,800,000 in chips is a relative unknown in the tournament world, Ofer Zvi Stern, age 37 from Israel. He is a software developer and owner of multiple tech companies and the only one of the November 9 with a day job. Prior to this competition, this relative unknown player’s poker tournament earnings totaled only $152,818. Before this match he placed no higher than 18th in five World Series of Poker events and earned no more that $22,318 total since 2006. I guess Stern is the dark horse favorite. 

In third place Neil Blumenfield with 22,000,000 in chips is a former tech company founder and executive originally from Chicago, now San Francisco, and soon Ft. Lauderdale. At age 61 he, along with Pierre Neuville age 72 with 21,075,000 in chips, are the oldest players to reach the final table in its modern era. Blumenfield  is a UC Berkeley grad with a degree in political science. Neuville is a retired executive with board game maker Hasbro’s European division. 

The remaining 5 players are young. In 5th place is Max Steinberg, age 27, who has daily fantasy sports and DraftKings to thank for his foray into poker’s premier event. Tom Cannuli, age 23, is the youngest player and has skyrocketed from 691st place last year to 6th today. Joshua Beckley, age 25, who has played in 15 events this year and won cash in five of them is ranked 7th. Patrick Chan, who has entered the Main Event every year since 2012 and never cashed until now is in 8th place. He turns 27 at the end of the week. The final 9th competitor is Federico Butteroni age 25 from Italy, who also has played in 13 events and cashed in three this series.

I have not been following the World Series of Poker, so you may wonder what about WSOP caught my attention today. It was a column by my favorite local writer Richard Lederer, a well known linguist who writes for the San Diego Union Tribune each Saturday. Lederer also has a site on the web verbivore.com where you can read his previous columns and order his books. 

What’s a verbivore, you may ask, and what does that have to do with poker?

Carnivores eat meat. Herbivores eat plants and vegetables. Verbivores devour words. If you love puns, word origins, metaphors, and the evolution of language usage - you may well be a verbivore too. Visit Lederer’s web site and read some of his columns and see. His most recent one deals with the origins and usage of various poker phrases. Why poker? Well, Richard Lederer is also the proud parent of two world-class poker players. 

His son, Howard “The Professor” Lederer and his daughter, Annie Duke, have together won $11.5 million in poker championships. Lederer proudly tells us that they are the only sibling pair to reach the final day of a World Series of Poker event, and both have earned World Series bracelets. Between 1993 and 1999 Howard Lederer made eight final tables at WSOP events before winning his first WSOP bracelet in 2000  and his second in 2001. You can read more on Wikipedia. He was also a founding member and onetime president of Tiltware LLC, the company that handled marketing and software development for Full Tilt Poker in 2004.

His daughter, Annie (Lederer) Duke, holds a World Series of Poker gold bracelet from 2004 and formerly was the leading money winner among woman until dethroned by Vanessa Selbst. She has written a number of instructional books for poker players, and co-founded a non-profit Ante Up for Africa. She has also been involved in advocating for the legality of online gambling. Wikipedia can tell you much more about Annie also
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The Lederer siblings no longer play in the WSOP, but proud parents don’t need much excuse to talk about their children’s achievements. And it inspired Mr. Lederer's column this week all about “laying cards on the table” and other poker-related phrases. Take a look at his site. You’ll enjoy it, I bet. As for the WSOP, pick your favorite of the November Nine and watch and see who wins. Don't count on Jennifer to know and tell you.