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teddys
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February 23rd, 2012 at 6:36:22 AM permalink
Heheh. Get a pool of players from here, create one bankroll, and make $5,000 bets? Who's down?

klimate10, let us know how it goes.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
klimate10
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February 23rd, 2012 at 6:52:19 AM permalink
For the Caribbean stud team, we wouldn't have to pool our bankroll. We can play where each keeps his own win or loss.

The effect should be the same.

Ill be in Vegas this weekend. If anyone wants to form a Caribbean stud team, plz pm me. We need a team of 6.
pacomartin
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February 23rd, 2012 at 7:47:11 AM permalink
Quote: klimate10

BTW, it does cost the casino money on the odds bet.

While the casino does not make money on the odds bet itself, there is a loss in that it will cause people to bet on the odds, rather than on something where the house does make money.

It is analogous to this...if you intend to spend $100 at the supermarket, and you see a loss leader where the supermarket makes no money on the product, and you wind up spending your budget on the loss leader, the supermarket did not make money on the loss leader, but the supermarket lost money because, if not for the loss leader spending, it would have made money on the products what you would have purchased otherwise.



But the casino has high free odds, for the same reason the supermarket has loss leaders. The belief is that it will attract consumers who would otherwise go somewhere else.

The current crop of players are unlikely to spend $5K on a free odds bets. The hope is that the promotion will attract one or two players a day who can afford a $5K bets, another 200 players who are intrigued by the idea who venutre up to 40X to 200X before chickening out, and a 1000 players who just want to look, but actually end up playing slot machines.
klimate10
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February 23rd, 2012 at 7:57:13 AM permalink
True true. Yes the house will make money in the overall picture because of the reasons you stated.

I see this 1000x odds as no different from my Walmart gasoline promotion.

Walmart offers 10c off per gallon of gas. They lose money on the gas. The catch to the discount?

You have to go inside the Walmart and buy a gas card. U can't pay at the pump and you cant pay the gas cashier. Obvious...

Its a good deal as long as u can control yourself.
MrV
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February 23rd, 2012 at 8:22:40 AM permalink
Quote: YoDiceRoll11

1000x odds is just too gimmicky. What kinda high roller wants to play at the.....Riviera. Blegh.



Yes, I agree, the Riviera sucks.

But if a craps player has the bankroll and the willingness to risk it, and is looking for a craps table with the lowest available house edge, the Riviera is the only game in town.

Almost as good a bet as the Free Buy on the 4 and 10 he plays at the tribal casino.

What's that the Wiz says: "It's not whether you win or lose; it's whether or not you had a good bet."

No, it isn't AP, but it would seem to be the best craps bet available in Las Vegas today.

*golf clap* ... pull an Archie Karas on 'em ...
"What, me worry?"
pacomartin
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February 23rd, 2012 at 10:10:32 AM permalink
Quote: MrV

Yes, I agree, the Riviera sucks.
But if a craps player has the bankroll and the willingness to risk it, and is looking for a craps table with the lowest available house edge, the Riviera is the only game in town Almost as good a bet as the Free Buy on the 4 and 10 he plays at the tribal casino.



If you really are determined to bet big, then ultimately how much does it really matter about the house edge?
Riviera: 1000X - $5000 max odds bet.
El Cortez: 10x- $5000 max odds bet.
Main Street Station: 20x - Max odds $2000 outside points, $2500 6&8

- I am not precisely sure if the Main Street rules let you put $2500 odds on a $100 line bet, or if you need to have a $125 line bet.

I mean 7 cents expected loss or $7 expected loss on a $5005 or a $5500 bet. How much is it going to matter? I would prefer El Cortez over Riviera. Main Street is a nice casino, and $2000/$2500 should be a big enough bet to satisfy almost anyone.
odiousgambit
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February 23rd, 2012 at 11:26:17 AM permalink
Quote: Wizard

I'm seriously considering removing references on my site to the "combined house edge" in craps.



I whined when you did that briefly once before. I would be OK with it if you made it an appendix.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
AcesAndEights
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February 23rd, 2012 at 11:54:52 AM permalink
Quote: Wizard

I'm seriously considering removing references on my site to the "combined house edge" in craps...


I would be sad if you did this - to me it is a very useful number since I am in that 10% that stick to pass+odds or DP+odds. I understand that it's really 1 bet with a house edge and a second, related bet with 0 house edge, but I like to know the weighted average.

If you do remove it, I agree with odiousgambit that you should at least keep the information available in an appendix.
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waltomeal
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February 23rd, 2012 at 12:14:53 PM permalink
Quote: YoDiceRoll11

What kinda high roller wants to play at the.....Riviera. Blegh.



I heard about a big shot winning $80K playing blackjack at the Riviera. I think he was counting. Probably could have gotten away with it longer if his buddy hadn't been screaming and flipping off the security cameras.
Old enough to repaint. Young enough to sell.
Pokeraddict
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February 23rd, 2012 at 1:40:15 PM permalink
Quote: klimate10

Also, does anyone know if at the Rivera they have a full time boxman at the game?

At the casino royale, there is no boxman. There is a footman who will go back and forth, but no full time box.

This detail is very important. Not something u can call up the casino and ask.



I've only ever seen one table open even though they have four tables and there is a boxman.
klimate10
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February 23rd, 2012 at 1:43:16 PM permalink
"I mean 7 cents expected loss or $7 expected loss on a $5005 or a $5500 bet. How much is it going to matter?"

There is a monster difference between 7 cents and $7. 7 cents means that after a day of playing, you will lose about $50-$100, in expect loss, depending on how you play the come bet. $7 means you will lose easily $500-1000 a day.

The fact that I am betting $5000 is irrelevant (I actually average 500-1000 per bet). Those who earn their wealth often become rich because they were good with business and money management. Stating that $5 out of $5000 is irrelevant is not good money management. Maybe I'm a cheapskate. Probably true. But I work hard for my money, I grew up poor, and $5 is a lot of money to me.

And stop knocking the Riviera. I just don't get it. The Riviera offers single deck, single zero, and 1000x odds...and everyone is so down on the Riviera. They've earned my business this weekend. I swore I read a thread on this site where people were stating that if they owned a casino that they would attract business by offering good odds and player friendly games. Now that the Riviera has done it, everyone's response is, essentially...the Riviera sucks?!!!! This proves that people deserve 6:5 blackjack. Just be sure to put it in a nice casino, with dancing girls, and with nice carpeting.

I prefer not to play at the Wynn where they offer 3,4,5x odds. I'm sure the Wynn is nice, but I already have a nice big chandelier at my nice big house for which I paid cash using small profits from my business, thank you very much. I also have a nice young girlfriend who is in very good shape and is very good at dancing...but she isn't a dancer...I mean, she can dance, just she's not that kind of dancer...if you know what I mean...ok, never mind.

We need to encourage more moves like the Riviera promotion. Next thing you know, some small competing casino might do something crazy like offer free buys on the 4,10. Competition!!!!!

To the Riviera!!!!!!!!!!!!!!!!!!!
odiousgambit
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February 23rd, 2012 at 2:26:58 PM permalink
Quote: klimate10

"I mean 7 cents expected loss or $7 expected loss on a $5005 or a $5500 bet. How much is it going to matter?"



yes and no. Betting $5k a whack will mean the EV means nothing really to you, maybe something to the casino. A player will find out that $50k to $100k bankroll to really play is no joke.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
Wizard
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February 23rd, 2012 at 3:57:02 PM permalink
Okay, I won't take down my combined house edge chart. Thanks for the comments.

I second the comments that the Riv is not that bad, and is getting better. Besides the 1000x they have single-zero roulette at an affordable minimum bet, single-deck BJ (although they restrict doubling to 10 and 11), bingo, and I think are quite affordable and generous with comps. Some of their marketing I don't care for, however.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
DJTeddyBear
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March 2nd, 2012 at 5:04:58 AM permalink
This was the topic of today's Question on Anthony Curtis' site.

His answer included the following statement:
Quote:

For most players, it won't change the game one bit.
...
But it's significant when you consider it from the casino's perspective, in that the Riviera is willing to accept a whole lot of risk for an extremely low tariff.


When I read that, it struck me as a very interesting way to phrase it, and I thought I'd share.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
FleaStiff
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March 2nd, 2012 at 5:49:13 AM permalink
Quote:

But it's significant when you consider it from the casino's perspective, in that the Riviera is willing to accept a whole lot of risk for an extremely low tariff.



Risk? Its an upscale offer in a downscale market. It will bring in more headlines than risk. Its an offer to sell caviar in a shelled peanuts type joint. And I ain't seen any ads about hiring scores of craps dealers. It will generate headlines, puff piece articles and it will have some dimwit coming in with a twenty dollar bill to for a buy-in because he read something in the paper.
teddys
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March 2nd, 2012 at 11:34:27 AM permalink
I'm still curious to hear how Klimate12 did making max (or close to max) bets. Did they keep him on the game or get testy with him?
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
odiousgambit
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March 2nd, 2012 at 11:53:25 AM permalink
Quote: teddys

I'm still curious to hear how Klimate12 did making max (or close to max) bets. Did they keep him on the game or get testy with him?



Aren't we all, of course. You are being kind enough to assume he did well. All he had to do wrong was bring a big bankroll instead of a gigantic one. And fail to get lucky.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
Ayecarumba
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March 2nd, 2012 at 12:56:14 PM permalink
Quote: FleaStiff

It will generate headlines, puff piece articles and it will have some dimwit coming in with a twenty dollar bill to for a buy-in because he read something in the paper.



HEY!...I resemble that remark!
Simplicity is the ultimate sophistication - Leonardo da Vinci
Wizard
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March 2nd, 2012 at 1:27:18 PM permalink
Quote: FleaStiff

It will generate headlines, puff piece articles and it will have some dimwit coming in with a twenty dollar bill to for a buy-in because he read something in the paper.



Note that it didn't get any such publicity from me. I truthfully noted the change in my craps survey but I didn't think it merited special attention.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Johnzimbo
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March 2nd, 2012 at 2:23:38 PM permalink
Quote: teddys

I'm still curious to hear how Klimate12 did making max (or close to max) bets. Did they keep him on the game or get testy with him?



I'm sure the dealers appreciated his no tipping policy
Nareed
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March 2nd, 2012 at 5:17:13 PM permalink
Quote: Johnzimbo

I'm sure the dealers appreciated his no tipping policy



Q: What do dealers call a high roller who wins big and walks away without leaving a tip?
A: Justifiable homicide.

;)
Donald Trump is a fucking criminal
MrV
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March 2nd, 2012 at 7:34:18 PM permalink
Quote: Nareed

Q: What do dealers call a high roller who wins big and walks away without leaving a tip?



A: Tiger Woods.

Woods is known as the worst tipper.

In one instance, Tiger took back a five dollar tip during a $10,000-a-hand blackjack game. His reason for that: he already tipped the dealer earlier that night.
"What, me worry?"
AlanRRT
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March 2nd, 2012 at 10:59:39 PM permalink
After reading this thread, I'm reminded that Benny Binion said that if all the craps players in his casino played the 100x odds, he'd go broke.
FleaStiff
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March 3rd, 2012 at 8:46:55 AM permalink
Yes, he would have. Just as if he let everyone put 230,000 on the line at once. He only had to do these things from time to time and the stories were great. Everyone flocked to his place and told stories of 100x odds and a quarter million on the line. Meanwhile, they brought average bankrolls, played an average game and only dreamt of going to 100x themselves, they never actually did it.
pacomartin
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March 3rd, 2012 at 9:52:01 AM permalink
Quote: AlanRRT

After reading this thread, I'm reminded that Benny Binion said that if all the craps players in his casino played the 100x odds, he'd go broke.



Sooner or later the variance would bankrupt anyone. That's why the max dollar odds are really more significant than the max multiple "free odds". Main Street permits 20X odds with $2K maximum, while Riviera is limited to $5K.
Ayecarumba
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March 6th, 2012 at 10:41:29 PM permalink
Would Main Street Station or the Riviera allow a player to play multiple spots to get around their max odds bet limit?
Simplicity is the ultimate sophistication - Leonardo da Vinci
MrV
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March 6th, 2012 at 11:42:59 PM permalink
Quote: Ayecarumba

Would Main Street Station or the Riviera allow a player to play multiple spots to get around their max odds bet limit?



I think not.

To get around it, the bettor should bring some friends in with him, and have them all bet max, same as he does, at the same time, using money he'd given to them prior to the buy in.

The casino would have to allow that.
"What, me worry?"
FleaStiff
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March 7th, 2012 at 2:20:06 AM permalink
At craps all bets are positioned to where a bettor has his chips in the rack or is standing.
teddys
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March 7th, 2012 at 10:50:13 AM permalink
Nah. You might be able to pull one over on them bringing in a friend (preferably a hot woman) and having them make max bets alongside you. The casino might catch on, but I doubt they would bar you. Maybe a 5% chance.

What, $5,000 odds isn't enough for you?
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
Nareed
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March 7th, 2012 at 11:14:34 AM permalink
Quote: teddys

What, $5,000 odds isn't enough for you?



It's kind of what we talked about concerning the then Harrah's buffet of buffets. Believe me, 3 meals a day was plenty. But the challenge of eating 7 full meals just because you can is there. So I can see how someone would want to max out the 1000X odds.
Donald Trump is a fucking criminal
teddys
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March 12th, 2012 at 8:25:53 PM permalink
I played here recently. Here is my nutshell review: This is a good game -- play here. I played three separate sessions with a local friend. We made one flat bet between us and pooled the odds. I won't say how much we bet, but it was more than 20x and less than 100x. The first session was a small winner. The second session was some of the worst shooting I've ever seen. Massacre. The third session was a slight improvement but didn't make up for the losses in the second.

Good, professional dealers. No box, but a floorperson who hawks the game. One $5 table at all times; they open a $10 table on weekends. 1000x odds in effect on both, $5000 max odds. For some reason the $10 table pays triple the 12 on the field and 30/15-1 on hard/easy hops, while the $5 table doesn't (they use the stingy rules). However, when only one table is open, the $5 game is sometimes played on the $10 felt. I'm not sure if they even know there is a difference. But why would you be making center bets with 1000x odds?

Never saw any big action except for one Chinese guy taking a flyer with his companion, laying or taking $300-$500 on $5 flat bets, switching between the pass/come and don't pass/don't come. Riveria is going after some high limit Asian baccarat play with a roped off area on the main floor, fruit plates, etc. They had some good black-purple action on baccarat. No other big bettors at the craps table taking odds. The usual duffers, mostly.

Riveria is a serviceable property. It is a nice place to play. Craps is craps no matter where you play. I recommend going there and showing your appreciation for their good rules.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
Ayecarumba
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March 13th, 2012 at 9:31:38 AM permalink
Quote: teddys

I played here recently. Here is my nutshell review: This is a good game -- play here. I played three separate sessions with a local friend. We made one flat bet between us and pooled the odds. I won't say how much we bet, but it was more than 20x but less than 100x. The first session was a small winner. The second session was some of the worst shooting I've ever seen. Massacre. The third session was a slight improvement but didn't make up for the losses in the second.

Good, professional dealers. No box, but a floorperson who hawks the game. One $5 table at all times; they open a $10 table on weekends. 1000x odds in effect on both, $5000 max odds. For some reason the $10 table pays triple the 12 on the field and 30/15-1 on hard/easy hops, while the $5 table doesn't (they use the stingy rules). However, when only one table is open, the $5 game is sometimes played on the $10 felt. I'm not sure if they even know there is a difference. But why would you be making center bets with 1000x odds?

Never saw any big action except for one Chinese guy taking a flyer with his companion, laying or taking $300-$500 on $5 flat bets, switching between the pass/come and don't pass/don't come. Riveria is going after some high limit Asian baccarat play with a roped off area on the main floor, fruit plates, etc. They had some good black-purple action on baccarat. No other big bettors at the craps table taking odds. The usual duffers, mostly.

Riveria is a serviceable property. It is a nice place to play. Craps is craps no matter where you play. I recommend going there and showing your appreciation for their good rules.



Thanks teddys. Interesting observation regarding the felt. I'm gonna check it out. Any idea if odds bets were factored into their comps?
Simplicity is the ultimate sophistication - Leonardo da Vinci
teddys
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March 13th, 2012 at 6:26:29 PM permalink
Quote: Ayecarumba

Thanks teddys. Interesting observation regarding the felt. I'm gonna check it out. Any idea if odds bets were factored into their comps?

Never asked for any comps, or played rated for that matter. If you do ask for a comp, try the Queen Victoria pub. They have a new steakhouse that looks pretty good, too: R Steak and Seafood.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
ewjones080
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June 9th, 2012 at 2:18:44 PM permalink
I could certainly see this scenario: A guy has $5 on the line and $27 across. Shooter establishes a four, guy full presses everything, putting the change on the odds. Shooter nails inside numbers, then finally hits the four. You'd probably get close to 100x odds on the first point. Then he might stack up wins for the next point. A $300 buy could give him about 10 shooters to try this. Even a modest roll, the guy could get up to close 1000x odds.
teddys
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June 9th, 2012 at 6:13:49 PM permalink
Quote: ewjones080

I could certainly see this scenario: A guy has $5 on the line and $27 across. Shooter establishes a four, guy full presses everything, putting the change on the odds. Shooter nails inside numbers, then finally hits the four. You'd probably get close to 100x odds on the first point. Then he might stack up wins for the next point. A $300 buy could give him about 10 shooters to try this. Even a modest roll, the guy could get up to close 1000x odds.

Interesting that you resurrect this, since I just played here the other day. Usual method: pooled bets on the odds. Friend plays a super-aggressive style with 10x odds right off the bat and continuous come. Press to 20x odds on the first hit, bank a few wins, and then go to 40x odds. Unfortunately, we never got any good shooters and busted out in about 30 minutes. (Usually is a bust-out but have taken down some major wins).
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
CRMousseau
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June 21st, 2012 at 3:07:35 AM permalink
I just want to be there when the first dealer hustles for full odds on a line bet for the crew.. if it hasn't happened already.
FleaStiff
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July 9th, 2012 at 5:39:34 AM permalink
So does anyone have an impression of how much this 1000x odds deal has actually affected the Riviera? Anyone taking advantage of it? Do the signs indicate it? Has it breathed life into the place or is it just hot air and nothing much more than that?
FleaStiff
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July 9th, 2012 at 6:03:32 AM permalink
>Good, professional dealers.
That often makes quite a difference.
> No box, but a floorperson who hawks the game.
A bit strange that one, but I guess I'd get used to it after a while.
>One $5 table at all times; they open a $10 table on weekends.
Thats good. They don't want to turn off their normal clientele while hoping for higher rollers to show.
>But why would you be making center bets with 1000x odds?
Yeah, why a high house edge center bet ... just make the odds bet and its a zero house edge.

>fruit plates, etc.
Puzzled me for awhile. I know that area around Harmon with so many gay bars is known as "the fruit loop" and I was confused by this "fruit plates" thing until I realized you simply meant some of those horse d'oevre thingies.

>It is a nice place to play. Craps is craps no matter where you play.
I recommend going there and showing your appreciation for their good rules.
Sounds good, but no box? Strange.
Pokeraddict
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August 16th, 2012 at 9:10:19 PM permalink
Riv pulled the 1000x and it is 10x now. They also dumped the single zero roulette and removed a great video BJ game. I guess they didn't want to be the best choice for gambling on the strip after all.
rudeboyoi
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August 16th, 2012 at 9:14:25 PM permalink
Quote: Pokeraddict

Riv pulled the 1000x and it is 10x now. They also dumped the single zero roulette and removed a great video BJ game. I guess they didn't want to be the best choice for gambling on the strip after all.



so i guess it is true. i saw a sign by the ghostbusters/batman slot machines that said 10x odds. i wasnt sure if it was an old sign they forgot to remove or they did drop down to 10x odds. didnt check the tables to confirm.
pacomartin
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August 16th, 2012 at 9:14:28 PM permalink
Quote: FleaStiff

So does anyone have an impression of how much this 1000x odds deal has actually affected the Riviera? Anyone taking advantage of it? Do the signs indicate it? Has it breathed life into the place or is it just hot air and nothing much more than that?



I never saw anyone take 100X odds bet at Casino Royale, and they have had it for decades.

I'm sure it attracts the curious.

There is a way to estimate if more is being played. The gaming report says of 38 casino licenses for the strip
A) 3 make $1 million to $12 million per year in gaming
B) 5 make $12 million to $36 million per year in gaming
C) 7 make $36 million to $72 million per year in gaming
D) 23 make $72 million or more per year in gaming.

At the end of June 2011 there were also 38 license. Only 22 made over $72 million for the fiscal year

Las Vegas Strip
MGM Resorts Inc
1 ARIA RESORT & CASINO
2 BELLAGIO
3 EXCALIBUR HOTEL AND CASINO
4 MANDALAY BAY RESORT & CASINO
5 MGM GRAND HOTEL/CASINO
6 MIRAGE, THE
7 MONTE CARLO RESORT & CASINO
8 NEW YORK - NEW YORK HOTEL & CASINO
9 LUXOR HOTEL AND CASINO
Ceasars Inc
10 CAESARS PALACE
11 BALLY'S LAS VEGAS
12 FLAMINGO LAS VEGAS/O'SHEAS
13 HARRAH'S CASINO HOTEL LAS VEGAS
14 PARIS LAS VEGAS
15 PLANET HOLLYWOOD RESORT & CASINO
16 RIO SUITE HOTEL & CASINO
Other Corporations
17 GOLD COAST HOTEL AND CASINO
18 PALMS CASINO RESORT
19 TREASURE ISLAND
20 VENETIAN CASINO RESORT
21 WYNN LAS VEGAS
22 PALACE STATION HOTEL (in City of LV)


So we need to add one from the lower category

1 BILL'S GAMBLIN' HALL & SALOON
2 CASINO ROYALE
3 CASUARINA CASINO LAS VEGAS
4 CIRCUS CIRCUS HOTEL (>$72M in FY08)
5 ELLIS ISLAND CASINO
6 HARD ROCK HOTEL & CASINO
7 HOOTERS CASINO HOTEL
8 IMPERIAL PALACE HOTEL (>$72M in FY09)
9 RIVIERA HOTEL & CASINO
10 SAHARA HOTEL & CASINO
11 TERRIBLE'S HOTEL AND CASINO
12 TROPICANA RESORT AND CASINO
13 TUSCANY LAS VEGAS
14 WILD WILD WEST GAMBLING HALL
15 PALMS CASINO - SPORTS POOL
16 AIRPORT SLOT CONCESSION



My guess is that HARD ROCK HOTEL has moved up. I was reading their reports as they built the new hotel rooms and the new casino floor. Their revenue was headed above $72 million (unfortunately their costs were increasing faster than revenue).

So my guess as to the 7 casinos making $36 to $72 million

1 BILL'S GAMBLIN' HALL & SALOON
2 CASINO ROYALE
3 CIRCUS CIRCUS HOTEL
4 IMPERIAL PALACE HOTEL
5 RIVIERA HOTEL & CASINO
6 TROPICANA RESORT AND CASINO
7 AIRPORT SLOT CONCESSION


Now these 6 casinos (excluding airport) have 21 craps tables and made $13.102 million in a year on craps with a win percent of 12.23%.
That averages out to a revenue of $1709 per table per day out of $140K drop.

That is actually pretty low. Even the craps tables downtown make over $2K per day. In addition the craps tables in these 6 casinos have dropped in revenue by 27% since last year.

If I've guessed correctly that Riviera is in the $36-$72 million category, I would say the answer is no significant change. If Riviera is under $36 million, then the answer is still the same. They are not getting much revenue if they can't even break that barrier.
FleaStiff
FleaStiff
  • Threads: 265
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Joined: Oct 19, 2009
August 17th, 2012 at 1:54:58 AM permalink
Quote: pacomartin

I never saw anyone take 100X odds bet at Casino Royale, and they have had it for decades.
I'm sure it attracts the curious.


I think everyone KNEW of the Casino Royale's 100x table so I would indeed agree that many would be "curious" to see it utilized by others. And I'm sure many a craps player imagined himself taking a fling at 100x odds and being successful.

Quote: pacomartin


That averages out to a revenue of $1709 per table per day out of $140K drop.
That is actually pretty low. Even the craps tables downtown make over $2K per day. In addition the craps tables in these 6 casinos have dropped in revenue by 27% since last year.
If I've guessed correctly that Riviera is in the $36-$72 million category, I would say the answer is no significant change. If Riviera is under $36 million, then the answer is still the same. They are not getting much revenue if they can't even break that barrier.


The demographics of money seems to have changed.
Craps tables downtown make more than the strip tables? Or atleast more than the Strip tables of Mid-Tier Casinos?
Downtown tables are supposed to be slower paced than the Strip tables and yet they make more money? Well, Downtown is supposed to get more 24 hour action than the Strip but its supposed to get lower rollers. Perhaps things have changed.

The MBA types have ruled for a long time. The Evil Empire keeps skewering its players in hopes of somehow achieving The Miracle prior to encountering The Default. The M Resort opened with high hopes and a statute of Benny Binion as well as his spirit of giving the customers a good bet as well as a good stiff drink. The M Resort soon had reality hit it in the face: Crossroaders hit their dice tables on nights one and two, players started winning at their roulette wheel and those great VP offerings started to get action by Penny Shaving Hogs rather than by Benny Binion Worshipping Tourists with leaky wallets. So the M Resort retreated from the field of combat into the shelter of MBA determined offerings.
Then the Riviera became so desperate they gave it a try: offer a headline making deal and then trim it after you've reaped the publicity. So it became "Advertize Benny Binion, but Offer Benny the MBA".
teddys
teddys
  • Threads: 150
  • Posts: 5527
Joined: Nov 14, 2009
August 17th, 2012 at 6:39:28 AM permalink
Quote: Pokeraddict

Riv pulled the 1000x and it is 10x now. They also dumped the single zero roulette and removed a great video BJ game. I guess they didn't want to be the best choice for gambling on the strip after all.

Weak!
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
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