Introduction to Special Events
Casino special events are an opportunity to improve your slots gambling odds, and therefore your overall gambling performance. As I’ve discussed previously, the reality of slots play is not about winning a slot machine’s top jackpot.
Instead, the result of implementing any practical winning strategy is to improve your odds of winning systematically. And, special events are unusual enough that I was able to detect a winning pattern. In this article, I fully share that winning strategy with you.
This article has the following sections:
- What are Casino Special Events?
- What’s So Special About Special Events?
- When Do Casino Special Events Occur?
- Implementing a Winning Strategy for Casino Special Events
- Acknowledgment of a Technological Trend
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What are Casino Special Events?
Special events at a casino are generally a significant promotional event held by the casino. This gathering includes, for example, when there is an exceptionally large audience attending the casino after a local sporting event concludes.
Other types of special events include other large and nearby gatherings, such as annual festivals or a march for one charity or another.
While not explicitly organized by the casino, these nearby special events are nevertheless important as an opportunity for the casino to drive traffic to their establishment. The casino marketing staff very well knows this approach, which is an integral part of their very own “winning strategy.”
While the celebration of a holiday is indeed another type of special events for a casino, I am entirely excluding them from Winning Strategy 4. The reason I am doing this is that they deserve their article, and will post it as Reliable Holiday Patterns (Winning Strategy 5).
Great promotional events, whether they are coordinated to occur during or immediately following large local community or sporting events, are special casino events.
The casino invites patrons to these promotions via email and mail flyer distributions using their players’ club sign-up. More traditional highway billboard and other such advertising venues, will also often be used to improve attendance.
These promotional events, which players may not necessarily be aware of, might include the conclusion to a month long, or longer, promotion such as a car giveaway.
Somewhat smaller, but still relevant, special promotional events might include local concerts or celebrity presentations in or near the casino venue.
What’s So Special About Special Events?
In general, I have found special events not to be a good time to gamble via slots at a casino. This observation may make you wonder why I’ve called out special occasions as this winning strategy 4.
The reason special events are a winning strategy is relatively straight forward. I have found that there appears to be a distinct winning advantage for playing slots on the day after a special event, particularly in the morning or early morning on the following day between, say, 4 a.m. and 6 a.m.
My personal slots gambling records show this post-special event period to be an excellent time for the casinos I’ve attended the morning after special events.
This real data also matches my financial understanding of how profits might well be run at a casino by its operator, which I will explain as follows.
A casino must reach its targeted gambling percentage payout commitment to its stakeholders. Relatively huge audiences occur at significant special events. It is easier, even possible, to meet stakeholder expectations if the casino plays out very slightly less than required by its financial performance metrics.
But, why? Because, this imprecision in meeting financial performance metrics is due to a known limitation of technology, which can only provide near-real-time results. Not real-time results.
This difference is essential, an imperfect situation resulting in a useful delay and the underlying origin of this winning strategy.
To help explain this element of the special events strategy, let’s imagine a specific casino-related business scenario. What if, due to a few hours’ worths of delay in collecting and analyzing daily revenue, the casino pays out slightly more than they needed to meet their financial performance commitments for that day.
How long would the casino have to reduce their overall payout return, in other words, to take people’s money, during the subsequent week of relatively smaller attendance before they could make up for that loss due to miscalculation? Hint: Think in terms of several days.
Logically, it would take quite some time due to the reduced revenue that is possible to be received from a smaller number of gamblers per day in the days after a special event.
But, let us consider the opposite business scenario. What if the casino were to deliberately pay out slightly less than their projected financial target during special events?
If they subsequently wanted to meet their financial target, then it would only take a few jackpots over the next day or so to reduce that revenue to instead precisely balance their business performance to the exact payout return desired.
In other words, under this scenario, this second process makes it easier for the casino to meet its financial target. The downside for the casino is, of course, that they cannot meet their daily goal.
But, that wasn’t happening anyway, as explained by the first scenario. But, under the second scenario, they’d be able to meet their financial target in, say, daily plus another 6 hours. And, do so without providing a noticeably bad experience for patrons.
Did you notice, somewhere is what I just explained, the winning advantage of special events? Whether you did or not, you savvy slots enthusiast, just in case I’ll go over implementing it shortly. Beforehand, however, we’ll first need to know WHEN special events occur.
When Do Casino Special Events Occur?
The strategy of the winning advantage of special events is to plan for visits to the casino in the morning after they occur. One relatively major disadvantage of this winning strategy is learning or knowing when casinos have large crowds in attendance.
What is the local sports schedule for home games? Is there a special guest planned, or another type of promotional event? Are you a member of the casino’s players club, and did you get a mail flyer or email about a special occasion?
For guests and promotions, both the easiest and hardest way to know their complete event schedule is to be a top tier, a near top tier player, or know someone who is in either of those players club status tiers.
Having such a connection is essential. Such so-called “high rollers” usually receive personal guest plus one invitation to attend, if they are currently active in their playing
If you’re not at such a high-status tier, maybe you can participate in special events by being the “plus 1” of someone already invited. Otherwise, advertisements on the casino’s website show limited information for events open to the general public.
There is also the in-between crowd, those people who are in the lower players club tiers. Like high tier players, they too get invited to special events not otherwise open to the public.
If this winning strategy is of interest to you, seriously consider finding out about more promotional events by making friends with players in a higher tier than yourself and, again, and perhaps even attend such events with them.
But, with regards to this winning strategy, it is not essential to attend the actual special event. What is important is, knowing that a particular event will occur.
If all this seems like a bit too much research, there is a more straightforward way to implement this strategy. However, be aware it may result in some wasted bankroll. This simplified schedule is simply this: What day or days does your local casino typically hold special events?
A truly simplified approach, with no research at all with regards to the casino’s schedule, is simply this: Assume special events occur every Friday and Saturday evening. You might even want to add the last day of each month.
Implementing a Winning Strategy for Casino Special Events
So, if a particular event is known to be occurring shortly, here’s how we apply this winning strategy to take advantage of it. Attend the casino with intent to gamble via slots, early on the day after the special event occurs.
As I’ve seen myself, after visiting the day after a year of special events, careful analysis of bankrolls, jackpots, and my payout return can show a pattern of financial profit.
There are a few caveats to be aware of, however. These are more practical issues, than anything else. But, given your travel habits, perhaps they are applicable to you.
First, be aware that the casino will sometimes financially perform as planned, with the result that next day balancing is unnecessary. Sometimes, in other words, the casino gets it right.
Second, I’ve found success with this strategy by implementing it between 4 a.m. and 6 a.m. on the day after special events. You’ll note that it is quite a wide range as well as being quite early in the morning.
Let me mention that I wasn’t attending the casino from 4 a.m. to 6 a.m. after special events. What I was doing is what I expect you’ll do if you plan to implement this strategy: Find time between 4 a.m. and 6 a.m. when you’ll visit the casino for a short while.
Third, in the interest of full disclosure, for practical reasons, I was only able to implement this winning strategy at a limited number of casinos. The reason for this is simple: I had to be nearby to achieve it.
At two casinos, they were not located far from where I worked. So, driving in to visit them beforehand was relatively straightforward. However, I have subsequently moved a distance further
A few other times, I was able to implement this strategy when staying at a casino hotel. This circumstance allowed me to wake up early, or stay up late, to take advantage of being within walking distance of where I needed to be.
Acknowledgment of a Technological Trend
Another caution the thoughtful player wanting to implement the advantages available due to special events should be aware of is the acknowledgment of a technological trend.
Much of the technology driver for casino implementing next-generation gaming technologies into their casino operations is to improve customer satisfaction while reducing costs to enhance casino profits.
In other words, these technologies are getting better and better at providing real-time results to the casino regarding financial revenues. This upgrade will eventually influence the winning advantage of special events.
A decade or more ago, every casino had a league of bookkeepers and accountants on staff to handle the massive paperwork being generated by casino patrons, perhaps being able to
Nowadays, there is the technology of centralized computers linking slot machines. This advancement has provided slots players the ability to call for beverage service from a slot machine, for slot attendants to receive routing instructions and confirmations via mobile devices, and more.
The concern here is, the day is fast approaching when new and recently renovated casinos and their operators will begin to achieve effectively real-time financial results. When that day arrives, this winning advantage of special events will cease to exist.
For now, it seems new and renovated casinos are on or near a 12-hour cycle of generating summary financial results – which means, for now, this advantage still exists.
Casino operators that are not new nor have been recently renovated, that is to say, those showing no sign of a centralized computer network linking their slot machines, are on a much longer cycle.
While that means this winning strategy potentially exists, without knowing what the length of that cycle makes it more challenging to apply this strategy.
Instead of implementing the strategy the day after a special event, how many days after a special occasion should you gamble? For example, would it be six days after a special event, or seven? Over the years, this will be less and less of a concern as older casinos are renovated.
When the internal business reporting cycle is around 4-5 hours, as with the new and renovated casinos I’ve frequented after special events, the possibility of missing the period of revenue balancing is less likely.
But, again and eventually, all casinos will have even better technology that is being seen at the most advanced casinos today – and this strategy will have had its day. That day, however, still appears to be a few years or decades away.
As a final note on this last point, it is years or decades away because there are two factors which are competing here to drive this special events-related winning strategy into oblivion. First, there is the technological trend of better and faster financial reporting software.
Second, in competition with this is the growing crowds attending casinos, which makes real-time financial reporting more and more challenging to accomplish. It’s a race, you see. And, we know who will win – the financial report software – but we don’t know when.
As I’ve mentioned elsewhere, gambling via slots is a thinking person’s game. If you implement this winning strategy, you’ll want to also watch for its demise. It might not be entirely distinct, outside of your analysis of your gambling records.
Summary of Special Events
Casino special events have a winning strategy associated with them, which I have fully explained here. When implemented, they improve your overall gambling performance.
However, as with other winning strategies I’ve presented, it isn’t necessarily convenient. If your goal is to make money, rather than entertainment or to earn complimentary gifts, you may be more inclined towards this approach.
Not to put too fine a point on it, if your goal is to make money, you’re more likely to get up early to make money. Although, I shouldn’t rule out slots enthusiasts with objectives other than to make money.
For instance, entertainment gamblers may well be at a casino in the early hours of the morning when this strategy is best implemented.
In this article on the advantages of special events, I described both the types of special events as well as how to best find out about them. This search included networking with higher players’ club tier status individuals.
And, naturally and as usual, I discussed how best to implement this winning strategy on taking advantage of casino special events. This included how to use it, as well as what you’ll want to avoid in the longer term as current casino technology trends continue.
Other Articles from Professor Slots
- Previous: Five Ways Nevada Leads World Gaming Industry – Much has changed in the gaming industry over the last 10 years, with so many more casinos available closer to home for most people. One crucial aspect that has not changed is Nevada’s ongoing success in leading the world gaming industry. Nevada’s leadership role is vital as your state’s gaming regulations should matter to you.
- Next: Reliable Holiday Patterns (Winning Strategy 5) – A special kind of casino special event are reliable holiday patterns when the crowds that show up at most casinos on major, and not so major, holidays dwarf those typical special events. Like casino special events, holidays have an associated winning strategy having the financial result of improving your gambling performance.