michael99000
michael99000
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January 14th, 2020 at 4:55:11 PM permalink
Quote: TDVegas

Excuse my ignorance....but aren't these charity type games usually run where you get donations (TV's, vacations, swag, etc.) from local companies and then run the game where the players can buy chips to gamble with and buy or bid on items with their chip winnings.

What if you sell chips and get thoroughly cracked by a hot roller....or a few during a night? And wind up losing money?



Reminds me of a hilarious episode of Threes Company when Jack and Larry were playing craps at a charity event. They thought they were winning real money but they werenít.
TDVegas
TDVegas
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January 14th, 2020 at 7:00:04 PM permalink
Quote: michael99000

Reminds me of a hilarious episode of Threes Company when Jack and Larry were playing craps at a charity event. They thought they were winning real money but they werenít.


I think Arthur from King of Queens ran a similar deal and some old lady put everything on one number....and it hit. LOL. They didnít know what to do.

Seriously, over several hours of play....a series of hot hands could cause any table to dump a lot of money. Iím not sure how you protect against that as a charity.
Riva1
Riva1
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January 14th, 2020 at 7:20:56 PM permalink
In a well-run, charitable-gaming environment, the house edge is anywhere from 15% TO 40% ROI, Add to that, $10 per-person cover-charge, simply to get in, $5 beer, $3 pizza, we have a virtual ATM. The trouble has always been the State has always limited us to sell only $15,000 in chips per night.

Well now, that has changed. I won't get into all the bloody details, however, my organization, and organizations that conduct charitable gaming events similar to me, can now sell $160,000. of gambling chips per day.

Much better than $15,000 per day, wouldn't you say?
michael99000
michael99000
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January 14th, 2020 at 8:10:30 PM permalink
Quote: Riva1

In a well-run, charitable-gaming environment, the house edge is anywhere from 15% TO 40% ROI, Add to that, $10 per-person cover-charge, simply to get in, $5 beer, $3 pizza, we have a virtual ATM. The trouble has always been the State has always limited us to sell only $15,000 in chips per night.

Well now, that has changed. I won't get into all the bloody details, however, my organization, and organizations that conduct charitable gaming events similar to me, can now sell $160,000. of gambling chips per day.

Much better than $15,000 per day, wouldn't you say?



So youíve never had a player get hot and win a large sum of money ?

Just curious, How do you adjust the roullete payouts to create the larger house edge ? If someone bets table max on an individual number and hits a few times Iíd think it adds up
Riva1
Riva1
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January 14th, 2020 at 8:30:04 PM permalink
Quote: michael99000

So youíve never had a player get hot and win a large sum of money ?

Just curious, how do you adjust the roulette payouts to create a larger house edge? If someone bets table max on an individual number and hits a few times Iíd think it adds up



On roulette, every payout is shaved by 33%. If a player hits a single number, say 16, the payout is 24 to 1, not 36 to 1.
Call it unfair, however, we've had tons of players walk away with more than they came in with. 100% OK with us. We want winners.
Riva1
Riva1
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January 14th, 2020 at 8:44:27 PM permalink
Quote: michael99000

So youíve never had a player get hot and win a large sum of money ?

Just curious, how do you adjust the roulette payouts to create a larger house edge? If someone bets table max on an individual number and hits a few times Iíd think it adds up



On roulette, every payout is shaved by 33%. If a player hits a single number, say 16, the payout is 24 to 1, not 36 to 1.
Call it unfair, however, we've had tons of players walk away with more than they came in with. 100% OK with us. We want winners.
michael99000
michael99000
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January 14th, 2020 at 8:58:38 PM permalink
Quote: Riva1

On roulette, every payout is shaved by 33%. If a player hits a single number, say 16, the payout is 24 to 1, not 36 to 1.
Call it unfair, however, we've had tons of players walk away with more than they came in with. 100% OK with us. We want winners.



How do you handle the outside bets?

If someone bets $75 on black, do they get paid $50 if they win ?

And I donít think itís unfair at all , if the players know the payouts ahead of time. Playing under the increased house edge is part of their donation to the charity.
TDVegas
TDVegas
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January 14th, 2020 at 10:08:41 PM permalink
Quote: Riva1

On roulette, every payout is shaved by 33%. If a player hits a single number, say 16, the payout is 24 to 1, not 36 to 1.
Call it unfair, however, we've had tons of players walk away with more than they came in with. 100% OK with us. We want winners.


I would hope every single one of these players was there for charitable giving first and foremost and not some expectation that they were going to a typical gambling venue and getting casino odds.

It's not unfair because you are stating the odds up front....I would just hope this is a very, very casual environment and giving is the name of the game....not gambling with any sense of casino odds type set up. 35-1 typical down to 24-1. How do they shave craps payouts? Or blackjack?
michael99000
michael99000
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January 14th, 2020 at 11:03:53 PM permalink
Quote: TDVegas

I would hope every single one of these players was there for charitable giving first and foremost and not some expectation that they were going to a typical gambling venue and getting casino odds.

It's not unfair because you are stating the odds up front....I would just hope this is a very, very casual environment and giving is the name of the game....not gambling with any sense of casino odds type set up. 35-1 typical down to 24-1. How do they shave craps payouts? Or blackjack?



I was wondering the same thing , how do you design a blackjack game with a 40% house edge.

I guess you start by removing some tens from the deck, paying 6:5 on BJ, and all pushes lose.
TDVegas
TDVegas
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January 14th, 2020 at 11:28:45 PM permalink
Quote: michael99000

I was wondering the same thing , how do you design a blackjack game with a 40% house edge.

I guess you start by removing some tens from the deck, paying 6:5 on BJ, and all pushes lose.


I have no idea...a craps pass line wager is 1.41%. How do you crank it up? Massively short payouts? If you remove 10's from BJ....then the dealer is also not getting those 10's.

I cannot see this type of casino night having any expectation other than "I am there to donate". I thought these charitable casino nights were set up with "win chips, buy donated items with the winnings".

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