Whats your call on this? (roulette)

Here, its a $3,500 max payout on the inside. I played yesterday and this guy almost did this but he backed out and it got me thinking >>> Lets say you have a black chip on the 5 and a black chip on the 4 5 6 street.

The 5 hits, now what? They will not OR should not pay OVER the $3,500 max? The dealer should catch it FIRST and tell the player no-no? The $3,500 is paid out and the other black chip is simply returned? Any thoughts?



Ken

Quote: mrjjj

Here, its a $3,500 max payout on the inside.

How prominent is the MaxPay sign?
>Lets say you have a black chip on the 5 and a black chip on the 4 5 6 street.
Okay, the Straight Up bet pays 35 and the Street Bet pays 11.
So if we go by the If You Book It, You Pay It Rule, the "proper" payout is 3,500 plus 1,100 which is (long pause) 4,600 which is about a third over the tables stated maximum payout.
However, maximum payout can be interpreted as maximum payout per bet. It surely doesn't mean the casino will only pay out 3500 per winning number. If two separate players make separate bets on the same number, each BET is subject to a maximum payout.
So there is some question as to what the average alcohol-sloshed neophyte player might understand.

So I would say: You Book It, You Pay It. And change your signs as well as increasing the alertness of your dealer if you want anything different. Burden should be on the casino: they provide the signage, the dealer and the alcohol and they control the pace of the game. The over riding rule should always be to support the Industry and that is best done by enforcing a casino's obligation to pay off its bets. You protect the industry by forcing the casino to be scrupulously honest because that is the number one industry protection there is. Even if this means that a Bettor who was well informed and realized what he was doing gets a windfall.

To me the sign is informative, not restrictive. It answers a question a neophyte might ask: how much can I make playing this game? The sign does not say "Max payout 3,500 no mater what combination of bets you make'. It is a sign that merely relieves the dealer of the necessity of answering the same basic question dozens of times a night. Far too many players make overlapping bets this situation seems too likely to occur over and over for the signage to protect the casino.

I would place the burden on the well informed casino rather than the perhaps not so well informed player.

Quote: FleaStiff

If two separate players make separate bets on the same number, each BET is subject to a maximum payout.

Roulette dealers are not supposed to let more than one person use cheques on the inside bets.

So the issue of too many black cheques would be isolated to a single player.

Quote: FleaStiff

I would place the burden on the well informed casino rather than the perhaps not so well informed player.

I would say exactly the opposite.

I was at a BJ table a few years back where one guy would periodically bet a stack about 8" tall of reds with a few greens mixed in.

If he won the hand, the dealer would sort and count the chips before paying. If the hand lost, she'd just take the entire stack, put it into the rack, and then sort out the greens.

One of the last times he won, when she counted the stack, it was $515. Table limit is $500. She returned the extra $15, then paid out the $500. My immediate thought was, "What about some of those large stacks that she simply dragged to the rack?"

Of course, I kept my mouth shut, partially because the guy was drunk and being a jerk, and I felt he deserved to be cheated if that was happening.

"How prominent is the MaxPay sign?" >>> Good point. The sign for the inside says....$3,500 max payout. It does not say, 'per bet'.

Ken

Quote: mrjjj

"How prominent is the MaxPay sign?" >>> Good point. The sign for the inside says....$3,500 max payout. It does not say, 'per bet'.

Ken

I was a Caesars Palace 1 month ago and a player was doing just that. $200 straight-up on the #3 and $600 on 1st street. (The dealer told me, after he looked it up, that $200 has the max bet on any 1 number straight-up)
He missed 2 times then hit it on the third time.
From wikipedia:
"A complete bet places all of the inside bets on a certain number. Full complete bets are most often bet by high rollers as maximum bets"

HERE
I am sure each casino sets their own limits.

Quote: mrjjj

Here, its a $3,500 max payout on the inside. I played yesterday and this guy almost did this but he backed out and it got me thinking >>> Lets say you have a black chip on the 5 and a black chip on the 4 5 6 street.

The 5 hits, now what? They will not OR should not pay OVER the $3,500 max? The dealer should catch it FIRST and tell the player no-no? The $3,500 is paid out and the other black chip is simply returned? Any thoughts?
Ken

You could make the argument that the $100 street bet, if booked that way and (a) taken when lost and (b) not paid but returned when won, has a house edge of 92.1% and is therefore contrary to regulations.

Regarding the max bet: Some casinos offer the "anyway to the number" type of bet. Other casinos may offer "progressive" betting to the number.
For example: Let's say the casino offers only $100 anyway to the number. This means that you can bet $100 straight up, $100 on the split, $100 on the corner, $100 on the street, etc...

If the casino offered "progressive" betting to the number then that means that you can bet $100 straight up, $200 on the split, $400 on the corner, etc...

The dealer will only pay the part of the bet that is at the table max. The dealer will return the part of the bet that is above the max bet.

If you lose a bet that is over the max bet the dealer will also return the part that is above the max bet.

It's relatively easy to get the limit raised in most casinos, without having to resort to shifty betting strategies.
In order to bet above the posted table max you need to contact your casino host. The host will contact the casino shift manager and can help handle the negotiations needed to get a raised table max. In order to get a higher table max you need to have a history with the casino, and/or have front money that you have put up in the cage. Money deposited in the cage in the form of a wire transfer or cashiers checks will make it easier for the casino to trust you with the higher limit.

-Keyser

All good points, thanks.

Ken