I miss 6:5 blackjack
Quote: DRichRumor is Hooters is now dealing 1:1 blackjack at their low limit tables.
Is that in addition to charging for parking? Or, instead of charging for parking?
If your comment is correct, other casinos could soon do the same. Can't you feel the love?
Blackjack at 1:1 is SUCH a bad game for the budget-minded player. It's almost a 3% house edge right off the top, and it's fast, which I already think is an oft-ignored factor that makes blackjack worse than its reputation.
Also, DRich, I love your avatar.
Sahara had $1 bj, and it closed down...but turned into the SLS.
Riviera had $1 bj, and it closed down
Maybe Hooters is next? That place is a dump.
How many times has it gone bankrupt already? I just wish I had bothered to stop in while it was the San Remo, just to pick up a souvenir chip. We stayed at the Tropicana several times before its neighbor became Hooters, but I never went in the place in those days and probably only once since.Quote: SiegfriedRoyMaybe Hooters is next?
Quote: SiegfriedRoyI feel like $1 bj and 1:1 bj payout is a last ditch effort before closing.
Sahara had $1 bj, and it closed down...but turned into the SLS.
Riviera had $1 bj, and it closed down
Maybe Hooters is next? That place is a dump.
I'm pretty sure Trump Plaza had it too.
Quote: DocHow many times has it gone bankrupt already? I just wish I had bothered to stop in while it was the San Remo, just to pick up a souvenir chip. We stayed at the Tropicana several times before its neighbor became Hooters, but I never went in the place in those days and probably only once since.
On opening night San Remo had some "Free Ace" coupons for blackjack that did not have a cap on the bet amount. You could bet up to table max. I was able to use four or five of them before they cut me off.
Quote: LuckyPhowIs that in addition to charging for parking? Or, instead of charging for parking?
If your comment is correct, other casinos could soon do the same. Can't you feel the love?
Hooters is big on promoting the fact that they do not charge and will not charge for marking.... And from what I understand, they are currently renovating the property to make improvements...
At a $1 game with a 3% HE, it costs a player $0.03 in theo ($1 * 0.03 = $0.03) to play each hand. At a $5 game with normal 3:2 rules players are up against a .6% HE and end up paying the same theo ($5 * 0.006 = $0.03) but have 5X the variance in absolute dollars to their bankroll. It isn't a bad decision to play the "$1/Even Pay BJ" table if that is the level of bankroll the player is comfortable risking. The casino makes just as much from the $1 player at the even pay table as a $5 table at the 3:2 table, everyone is happy!
Quote: DRichOn opening night San Remo had some "Free Ace" coupons for blackjack that did not have a cap on the bet amount. You could bet up to table max. I was able to use four or five of them before they cut me off.
No bet cap AND no max per day? Pardon me while I lol at that.
Quote: MrGoldenSunGood grief. 6:5 wasn't enough? At least with 6:5 there's a blackjack "bonus."
Blackjack at 1:1 is SUCH a bad game for the budget-minded player. It's almost a 3% house edge right off the top, and it's fast, which I already think is an oft-ignored factor that makes blackjack worse than its reputation.
Also, DRich, I love your avatar.
Hmmmm.....
Full table of inexperienced players will result in about fifty hands an hour. Dollar per hand means a newbie can expect to lose $1.50 an hour if they use the easily obtained basic strategy card.
Getting a single free drink completely negates the house edge.
The horror.
It anchors the player to very low level play. If someone buys in for $10 or $20 and loses, they'll be done. On a $5 table, if someone buys in for $100 and loses, there's a much greater chance they start chasing and giving the house higher and higher action. The other side is that the $1 player is much more likely to deviate from the correct strategy, sometimes significantly so, giving much more than a 3-cent edge to the house each hand.
Quote: billryanHmmmm.....
Full table of inexperienced players will result in about fifty hands an hour. Dollar per hand means a newbie can expect to lose $1.50 an hour if they use the easily obtained basic strategy card.
Getting a single free drink completely negates the house edge.
The horror.
Well, I didn't realize it was $1/hand with no ante. If you can get free drinks for -$1.50/hour, that's quite good!
I was also thinking of blackjack as 70 hands per hour. But even at 50, in terms of your EV/hour in terms of the base bet, I was making comparisons like so:
Even-money blackjack: -3% * 50 = -150%
Craps pass+odds: -1.41% * 35 = -49%
Ultimate Texas Holdem: -2.43% * 30 = -73%
In which case 1:1 blackjack looks quite bad EV-wise as compared to a couple of other common games. 3x the loss per hour of craps, and 2x the "carnival game" of UTH. And then it's exacerbated by the fact that blackjack often has higher minimums than other games, in part due to its reputation as game with a low house edge, which is deserved but only if it's 3:2.
If I'm at a place with minimum bets of $1, I'm fine with any game. I'd probably just play roulette and try to hit single numbers. :-)
I don't know that you're quite calculating that correctly... Or perhaps you're not looking at it from the right light. A game can be -100% but if you bet $1 always on it then it can be wayyy better than a $100 min game with only a 5% HE. The AvgBet is key.Quote: MrGoldenSunWell, I didn't realize it was $1/hand with no ante. If you can get free drinks for -$1.50/hour, that's quite good!
I was also thinking of blackjack as 70 hands per hour. But even at 50, in terms of your EV/hour in terms of the base bet, I was making comparisons like so:
Even-money blackjack: -3% * 50 = -150%
Craps pass+odds: -1.41% * 35 = -49%
Ultimate Texas Holdem: -2.43% * 30 = -73%
In which case 1:1 blackjack looks quite bad EV-wise as compared to a couple of other common games. 3x the loss per hour of craps, and 2x the "carnival game" of UTH. And then it's exacerbated by the fact that blackjack often has higher minimums than other games, in part due to its reputation as game with a low house edge, which is deserved but only if it's 3:2.
If I'm at a place with minimum bets of $1, I'm fine with any game. I'd probably just play roulette and try to hit single numbers. :-)
EV(even money BJ 1 hour 70 hands) = (70*1)*(-.03) = -2.1
EV(craps pass line $10 min 1 hour 30 games) = (30*10)*(-.0141) = -4.23
EV(UTH 10 min, 20 hands per hour) = (20*41)*(-.022) = -18.04
1) The 3% house edge is the biggest, but the average bet is so low that it doesn't come close to making up for the min bets in the other games.
2) UTH -2.2% HE is being VERY GENEROUS for the player. I've met 1 person in all my time playing UTH that was a ploppy that played PROPER basic strategy. Most players at that table are playing well above a 3% house edge.
3) In case you're wondering, the Average Bet on the UTH table is 4.1xBaseBet, so I was also assuming a $10 min and the person betting min the entire time.
