Places like Game and Gamestation (UK) don't tend to lead with price drops, and tend to follow online stores cutting prices first before following suit.
Most games start at around £40, and if they are big titles I don't expect them to drop in price much for the first month. After a month it will be fairly widely available for £35, then down to £30-35 about 2 months after launch. Next it drops into the 2 for £50 or 2 for £40 sales where it stays for another couple of months.
The only times I have seen games drop in price rapidly are when an online site (often play.com) has a big sale on that game, or the game generally does really badly, or it is a movie tie-in game.
The best way to find a bargain is decide what you are willing to pay for it, and buy it as soon as you find it for that price.
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