Alan
Joined: Jun 14, 2011
• Posts: 582
July 11th, 2011 at 11:22:48 AM permalink
In the Wizards BJ survey El Cortez has two offerings. One is a lower minimum bet, but higher house edge and one is a higher minimum bet and a lower house edge. In 'real world' playing how much difference does it really make?

Here is a snippet of the survey(3rd to the last column is minimum and the last column is house edge):

buzzpaff
Joined: Mar 8, 2011
• Posts: 5328
July 11th, 2011 at 11:25:24 AM permalink
Approximately 0.15%
rdw4potus
Joined: Mar 11, 2010
• Posts: 7237
July 11th, 2011 at 11:30:05 AM permalink
Quote: Alan

In the Wizards BJ survey El Cortez has two offerings. One is a lower minimum bet, but higher house edge and one is a higher minimum bet and a lower house edge. In 'real world' playing how much difference does it really make?

Here is a snippet of the survey(3rd to the last column is minimum and the last column is house edge):

I think all you have to do is multiply: Assume 60 hands per hour and a 5 hour session. \$3*.45%*5 hours*60 hands per hour=\$4.05 in theoretical loss. \$5*.3%*5 hours*60 hands per hour=\$4.50 in theoretical loss. So the difference is a whopping \$.45.

I suppose you could also set it up as a ratio: \$3/\$5<.003/.0045, so the difference in minimums outweighs the difference in edges.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
Alan
Joined: Jun 14, 2011
• Posts: 582
July 11th, 2011 at 5:50:00 PM permalink
Quote: buzzpaff

Approximately 0.15%

I think we both have the same math teacher; none.
Ravzar
Joined: Jul 2, 2011
• Posts: 13
July 11th, 2011 at 8:27:16 PM permalink
It is actually quite a bit of difference in the long run. It comes down to whether you can afford the minimum or not. If you can, go for the lower house edge every time. If the minimum is \$5 vs \$3 then you should pay the \$5 minimum at 0.30%. However, since the difference between the minimums are so tiny, it isn't going to make that much of a difference over a few hours, especially if your bankroll is really small (like \$50 etc). If you plan to raise your bets to higher amounts then the lower house edge is going to make more of a difference.
DonPedro
Joined: Dec 15, 2010
• Posts: 260
July 12th, 2011 at 8:41:07 AM permalink
Looks like the difference is 1/3 , .45 vs .30 .`

So for every 100 dollars bet you stand to lose 45 or 30 cents, if you are a BS player. So could be a big difference, if you put plenty of action down. A diiference of 1/3 more or less.

From what I understand, the Tez offers the best game w/ lowest minimums, correct ? And also appears to have one of the best deals on rooms.

Any reports on the Tez ???
" If I had the money and the drinking capacity, I'd probably live at a blackjak table and let my life go to hell." Don Pedro
PerpetualNewbie
Joined: Nov 30, 2009
• Posts: 88
July 12th, 2011 at 9:28:23 AM permalink
I didn't stay there - though I plan to take advantage of their "free" room in October (Room cost + tax is 'refunded' in "free play" and comped meals. Not sure what the free play entails, though). I did play somewhat heavily there over the week before July 4th.

It's a small casino. The poker 'room' is 3 tables. 1-3 spread limit. 1-6 on the river. No, I didn't see or play with Jackie. Many (if not all) the slots are coin-op. The table games are, indeed, the best value in town that I've ever seen.

\$3 craps with 50-cent pieces to make a place 6/8 a viable \$3 bet. \$3 doubledeck, \$5 singledeck, \$5 Pai Gow, quarters - the shiny metal kind, not the green chips - inside roulette (minimum \$1, total). And.. that's about it. No ultimate Texas Hold 'Em. No 3/4 card poker.

The beer was beery. The girls' vodka-juices were vodka-y. They were brought by a woman who could easily be my mother's age. Probably older (I'm 31). She was nice, kind and - while not the quickest I've ever seen - she was certainly consistent. My wife and I took my female friend (a Vegas Virgin and was on a tight gambling budget) and we had a *blast* there. I was practicing counting down doubledeck. The girls played PGP. Nobody got hurt, everyone had fun and they were all tanked before going back to the Nugget to sleep.

People talk about security and sketchiness of the area. If you've ever been in a large city before, you'll be fine. It's not sparkly like under the FSE or the strip, but it's safe.
DonPedro
Joined: Dec 15, 2010
• Posts: 260
July 12th, 2011 at 9:36:24 AM permalink
thanks, great info. !!!
" If I had the money and the drinking capacity, I'd probably live at a blackjak table and let my life go to hell." Don Pedro
buzzpaff
Joined: Mar 8, 2011
• Posts: 5328
July 12th, 2011 at 9:41:52 AM permalink
My math teacher was an Xaverian Brother. I think he wanted to commit suicide after trying to teach me advanced algebra but it is against the Catholic religion.
Alan
Joined: Jun 14, 2011