πŸ’ Table Games: Optimal Utilization - GGB Magazine

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The major costs in most casino operations are gaming tax, labor and Management can then get closer to optimal table utilization by.


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One lesson that comes from this exercise is the importance of segregation of gaming tables by the average wager size.

Many gaming executives might mistakenly believe that casino table games management utilization of a gaming table is a simple function of getting as many people as possible to crowd around a single gaming table and wager as much as possible.

Contact wayne. When games casino table games management initially opened, it may make sense to have only three to five betting spots activated per table. At the other extreme, management could offer each player a private table with its own dealer and supervisor.

GGB Podcasts. Alternatively, technology might allow the number of spots at the table to change as a matter of electronically observed playing patterns and carefully written algorithms.

Tweets by GlobalGamingBiz. Within the Casino table games management gaming market, baccarat is far more relevant to consider-compared to blackjack-because of the high preference for the game among players.

Such data would permit baseline calculations to estimate the average speed of the game source varying circumstances, and would allow analysts to determine how changes in the number of players affect the number of decisions per player and for the entire table over any given time period.

This might be paralleled to a farmer maximizing the yield per tractor in harvesting his fields, but leaving much of the crop to rot because the few tractors in use could not get to some of the farmland.

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Georg Washington This week, the GGB Podcast sits down with Georg Washington, the president and CEO of game innovator Synergy Blue, on the survey the company took of casino customers asking them when and how they would be comfortable returning to casinos.

He can be reached at andrew. As with the earlier discussion, this also suggests that some higher-limit baccarat tables in Macau should be redesigned to cater to fewer players per table; smaller tables with more comfortable and luxurious chairs and better player services might produce greater returns.

To illustrate the situation, and apply a slight variation see more the model for Macau baccarat, the following assumptions might see more made:.

Produced by SBC Events. To estimate the skill levels of different player categories, hours casino table games management observations with appropriate sampling strategies would be required to determine the average skill levels of players based on their play strategy deviations from basic strategy.

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The number of boxes could then be altered dynamically. In the same vein, the casino might change the size and shape of higher-limit tables and offer more luxurious and comfortable seating for each player. For our purposes, we are going to concentrate on the number of players as the key variable in seeking out optimal table allocations under varying player demand conditions. Contact events nclgs. This can occur when management is under short-term profit pressure and is looking wherever it can to enhance overall performance. Eadington can be reached at eading unr. He is an internationally recognized authority on the legalization and regulation of commercial gambling, and has written extensively on issues relating to the economic and social impacts of commercial gaming. If gaming taxes are accrued as a percentage of gaming win, it will not change the optimal number of players per table, but it will increase the required minimum average wager to make the game show positive income contribution. What is also evident is that one needs to incorporate a number of important variables to approach the optimal utilization of tables in a casino. It is then a relatively straightforward task to apply the logic of the model to determine an optimal utilization rate as a function of average wager size. To some extent, this can be influenced by opening or closing tables at various minimum betting limits. To be most efficient and maintain operating costs at the lowest level, management might opt for the single-table scenario. Of course, players are not always so accommodating to be easily classified and segregated with respect to average wager size and skill level, so consideration needs to be given to the social aspects of table games. For more information, visit www. Such estimates should also reflect the relative change in game speed that occurs when additional players are added to a single gaming table. Issues like fills, credits, cash buy-ins, color changes, supervisor acknowledgements and dealer changes all have some impact on the time and execution requirements at the table. These factors, along with dealer speed and procedural efficiencies, will affect the values of the parameters in the model. Assessing Player Skill For blackjack, it is also necessary to assess the relative average skill for each classification of player by average wager size. This could be achieved by LEDs embedded into the tables to delineate betting areas. For more information, visit AustGamingExpo. It is also crucial for accurate management reporting and analysis to not aggregate or average data from tables with different price points. In the game of baccarat as it is played in Macau or Las Vegas, for example, the important elements are:. As gaming tax is generally unavoidable as a percentage of win, and player complimentaries-when properly administered-are a marketing cost that helps drive business, it is often direct gaming labor that receives the greatest scrutiny. In the above scenario, optimal utilization occurs with six-box blackjack tables when there would be a single player per table. Betting areas could also be activated in circumstances where total demand exceeds supply at some average betting level, or where an individual higher-value player might want to play multiple boxes. House rules are such that a perfect basic strategy player plays to a house advantage of 0. The largest virtual betting and gaming event for North America. Indeed, that could quite possibly be a long way from the optimal outcome; the labor cost savings might be more than offset by foregone table game winnings. Players tend to bet together against the house and seek situations where they feel they are on a run-or a hot streak-and cluster around a single table betting sometimes three deep, so that a nine-box table might have 27 wagers with back betting, all riding on the same outcome. This may be difficult to manage, partly because of typical player behavior in Macau. Gathering Together Trade shows and the new normal. Which scenario provides the better return? Management can then get closer to optimal table utilization by considered alteration as playing conditions change. Unlike its Southern California cousins, the Sherwood Valley casino has not reopened and is taking abundant care in planning the reopening, according Michael Broderick, the general manager. The major costs in most casino operations are gaming tax, labor and complimentary benefits to players. Produced by KnowNow. The game of blackjack can be used to illustrate this issue and how it might be addressed. One more area of consideration is the existing structures and customs in a particular gaming market. However, what if the players instead chose to all play together on one table? At first glance, this might appear to be the most efficient utilization of floor space and labor. Produced by Spectrum Gaming Group. However, these are usually considerably less significant and perhaps less sensitive to variations in the number of players at the game over any reasonable time frame. For baccarat tables in Macau, for example, almost all tables currently have nine boxes, even though optimal utilization-using the principles developed in this analysis-might suggest optimal numbers of players varying from one to nine players per table, depending on average wager size and speed of the game. Using empirical observations to monitor, segregate and estimate the elements of the mechanics of the game under different playing conditions, especially with respect to the number of players at the table, will provide the basis for finding closer to true optimal solutions with respect to the table games labor question. This would suggest that if game speed declines in the manner assumed-as more players are playing on the same table-then, as with blackjack, it is better to spread players out across a greater number of tables. For such games, this suggests rituals that slow the game, such as squeezing the cards, might need to be eliminated for relatively low-limit games in the interest of efficiency. While it may be optimal to eliminate that situation from a profit maximization perspective, it may not be in keeping with the motives or desires of the players, and thus any attempt to do so must be balanced carefully with how players might react. Yet another solution might be to offer a dynamic electronic table with betting areas boxes that could be activated on demand. The casino industry's largest and most important conference and trade show. For each average wager size, it is then conceptually possible to calculate the optimal utilization for that game, taking into account gaming tax rates and labor costs. Andrew MacDonald is founder of urbino. Organized by Asian Gaming Brief. However, though it may seem counterintuitive, optimal table game utilization is not necessarily a function of having every available position at every open gaming table occupied by customers. For example, in Macau baccarat, there will be substantial differences for squeeze or no-squeeze games and for commission versus no-commission variants. What needs to be calculated for each game type and for each average wager level is the number of players at which profit per player is maximized. Such a tool could facilitate determining player skill by players grouped into average wagering level categories. Each game should be analyzed by estimating its particular mechanical characteristics and direct cost components. An appropriate table games analysis needs to take into account time and motion aspects of table gaming processes, including the elements that control the speed at which dealers conduct the game. One simple solution might be to offer some higher-limit blackjack tables with a lesser number of playing stations than the standard six. This logic appeals even more in times when managers are being asked to trim their operating costs. Produced by AMC. Produced by Smile Expo. This analysis attempts to do so by applying a relatively straightforward mathematical equation which can be estimated by carefully understanding and modeling certain important components of the mechanics of table game play. Similar calculations to the blackjack example could also be made for any other table game. Targeting percent gaming position utilization may be the best way to reduce labor costs, but it may also sacrifice the highest possible yield in profit from a given set of customers. For enquiries contact marketing sbcgaming. Depending on the tax rate and labor costs per hour, the minimum average wager to make the game profitable is increased by the slower play with multiple players. Calculations for the game of blackjack will be distinct for each market depending on tax rates, labor costs, player skills and game rules. This increases the yield by increasing the proportion of the of dealt hands which go the player. But is this solution the more profitable for the casino? Brave New World Covid will change the gaming industry, ready or not. This type of simple example is often cited to demonstrate that optimal utilization is not the same as percent table occupancy. As will always be the case with taxes on win at a fixed percentage, the after-tax results will not change the optimal solution, and the one-table-per-player option remains more than three times better than the one-table option. In addition, players may be tempted to play more than one box. Thus, part of the management challenge is to encourage the right kinds of players to spread out while discouraging lower-betting and more highly skilled players from clustering together. Reaching Optimal Utilization Determining optimal utilization per table can be approached as a scientific question. The outbreak of the Coronavirus has had a major impact on the gaming industry. Recent Feature Articles. For more information, visit ICE-Asia. If the optimal number of players for high-limit wagers is one per table and for low-limit wagers is six per table, there is no circumstance where the casino should permit low-limit players to slow the rate of play at high-limit tables.