Wynn did it again
Wonder what does the HE go to now on these wagers? See below.
What do you think about this latest move? Surprised?
TALL AND SMALL
EV= 0.026354 x 30 - 0.973646 x 1 = -0.1830 = 18.30% HE
ALL
EV = 0.005258 x 150 - 0.994742 x 1 = -0.2060 = 20.60% HE
Brilliant? No, I did not say good for gamblers; it is just a good way to change the edge a good bit and sneak it by without too many really noticing. The bet still pays "well"--30 to 1 is good for a side bet when people don't bother to know the house advantages; 150 to 1 is really good. People will bitch a little bit, but they'll still play for the big payoff.
Of course, it sucks. That goes without saying.
Thou shall not bet the center bets.
Quote: RonCIt is a brilliant move, along with the move some casinos have made to $5 minimums on these bets.
Brilliant? No, I did not say good for gamblers; it is just a good way to change the edge a good bit and sneak it by without too many really noticing. The bet still pays "well"--30 to 1 is good for a side bet when people don't bother to know the house advantages; 150 to 1 is really good. People will bitch a little bit, but they'll still play for the big payoff.
Of course, it sucks. That goes without saying.
Thou shall not bet the center bets.
Perhaps. Although part me wants to believe enough people wouldn't like the change enough so they just quit making the bet. But.....I don't know if that'd be enough to make this change a bad thing for the casino or a good thing.
True, you shouldn't be betting it to begin with. But, "Why the gripe?" -- IMO -- moreso because this continues the negative path the casinos are on to make games worse. The ATS might no effect you or anyone else here, but the more casinos do this type of thing, the more they're going to do it to games you play....
So, Wynn, MGM: any others jumping on the Pay for Parking bandwagon?
.Quote: RS..True, you shouldn't be betting it to begin with. But, "Why the gripe?" -- IMO -- moreso because this continues the negative path the casinos are on to make games worse. The ATS might no effect you or anyone else here, but the more casinos do this type of thing, the more they're going to do it to games you play....
Griping won't work. Want proof? 6/5 blackjack is spreading worse than dandelions.
Quote: Ibeatyouraces.
Griping won't work. Want proof? 6/5 blackjack is spreading worse than dandelions.
Not saying it will work. But there's a reason to gripe, or at least -- a reason not to praise the casino.
Quote: MrVA fellow I was talking to today said Wynn charged him quite a bit for parking, and he was a guest.
So, Wynn, MGM: any others jumping on the Pay for Parking bandwagon?
Considering the 6 month gripefest I read about MGM charging for parking (BEFORE they actually began to charge!), if it was Wynn, I should have definitely heard about it already. It was free early in September.
Quote: RonCIt is a brilliant move, along with the move some casinos have made to $5 minimums on these bets.
Brilliant? No, I did not say good for gamblers; it is just a good way to change the edge a good bit and sneak it by without too many really noticing. The bet still pays "well"--30 to 1 is good for a side bet when people don't bother to know the house advantages; 150 to 1 is really good. People will bitch a little bit, but they'll still play for the big payoff.
Of course, it sucks. That goes without saying.
Thou shall not bet the center bets.
After crunching out the same house edge numbers for another forum I post at, I wrote this:
"This is a much smarter move than the 2X odds, imo.
Now the house edges are in line with the fire bet and people still blindly bet that one. I always thought the paybacks on the small/tall/all were quite competitive given the high odds wagers. The house usually gouges those bets in the double digits for house edge at least."
Quote: Ibeatyouraces.
Griping won't work. Want proof? 6/5 blackjack is spreading worse than dandelions.
Gee, I guess the boycott didn't work ? Maybe the experts don't have that many loyal followers after all!
Quote: FDEAD3709Gee, I guess the boycott didn't work ? Maybe the experts don't have that many loyal followers after all!
I guess not BUZZ...
Quote: tringlomane
"This is a much smarter move than the 2X odds, imo.
Now the house edges are in line with the fire bet and people still blindly bet that one. I always thought the paybacks on the small/tall/all were quite competitive given the high odds wagers. The house usually gouges those bets in the double digits for house edge at least."
Yes they were competitive and that's the way it should be. Give us a fighting chance for crying out loud. The numbers should be 100/1 on the tall and small and 500/1 for the ALL but we will take the 35/1 and 175/1.. It is pushing the Savvy gambler away. Maybe that's what SW wants. Those savvy gamblers are the same ones who travel to Vegas 10- 30 times a year losing a bunch of cash. It's getting to be a moral issue! Yes the tables will be full at 2x and these new ATS odds. I won't be there anymore (craps) because I alrady have no chance of winning now it's just adding salt to the wound. 6/5 bj, none of us will play it so why play craps at Wynn? Really same thing morally.
Quote: black2I was at the Mirage yesterday and they have changed their payouts as well to 30/150/30. Same as the WYNN.
Can anybody confirm these pays are on a "to one" basis? With the old pays they were listed on a "for one" basis.
Quote: WizardCan anybody confirm these pays are on a "to one" basis? With the old pays they were listed on a "for one" basis.
Okay... so in one of those they keep the bet and in the other they repay the amount bet and add the payoff to it.
Ain't that something akin to splitting hairs at about the fourth decimal point?
You goin' to call someone a Sucker or a Sucker and .000004 percent additional Sucker??
You get a whoppin' payoff if it hits, you get your adrenaline rush, that babe next to you is sure to plant a big one on you... whoever she is and whoever she is with. You WIN. Some dude just won a really ridiculous long shot bet, the whole table went wild for him, that babe gave him TWO kisses and her room key, he is ecstatic. And you want to go up to him and start talking about the difference between "to one" and "for one". Get Real. Wait until he sobers up, finds the babe is a Tranny, realizes he lost all his winnings at that 1.414 percent line bet and has to check out carrying his own suitcases.
You know he's asking so he can correctly update his page on WoO about this bet...
https://wizardofodds.com/games/craps/appendix/5/#toc-Small2CTall2CAndAll
Aw,, heck... I ain't pickin' on him. I'm just trying to approach this maths thing in a manner that makes sense to me and is entertaining. I don't really wish any amorous trannies on craps players or anything like that. Its just that for someone who is still unable to do proper addition and subtraction, this four decimal point "edge" is difficult to grasp.Quote: DJTeddyBearC'mon Flea, give the Wiz a break.
>You know he's asking so he can correctly update his page on WoO about this bet...
>https://wizardofodds.com/games/craps/appendix/5/#toc-Small2CTall2CAndAll
I'll be sure to visit that site once I master enough math to count my hand at Blackjack.
Quote: WizardCan anybody confirm these pays are on a "to one" basis? With the old pays they were listed on a "for one" basis.
From another forum, this was the pic of the Wynn layout.
Mirage has already followed suit is troubling.
Quote: IbeatyouracesVegas might as well just start a huge bon fire to throw your money into.
Precisely. A bonfire. An item not particularly related to gambling. Which is what is meant by 'Vegas, Baby'. Exuberance, moral decay, restaurants, clubs, drugs, drunks, Ferris wheels, Honky and Tonky. A bonfire. A perfect idea. Vegas already has its Volcano, so why not a bonfire? Start it at the Cosmopolitan... also a place unrelated to gambling, just showmanship.
It's weird that the other center table prop bets use "For 1" while the Feature Bets use "To 1".Quote: tringlomaneFrom another forum, this was the pic of the Wynn layout.
Quote: DJTeddyBearIt's weird that the other center table prop bets use "For 1" while the Feature Bets use "To 1".Quote: tringlomaneFrom another forum, this was the pic of the Wynn layout.
Especially when the original pay tables show "for 1". Perhaps they think people will only remember it being divisible by 5? But then you have an excuse to drop the payoff down another notch.
However, that guide does not identify the white chips and brown chips (chocolates?) near the center of the bank. The only brown chips it shows are solid brown and are the $2 chips from the poker room.
Anyone know what denomination Wynn uses white chips for? And the chocolates?
Since the highest value are in the middle, whites are $5K and brown are $10K.Quote: DocAnyone know what denomination Wynn uses white chips for? And the chocolates?
Quote: tringlomaneFrom another forum, this was the pic of the Wynn layout.
Thank you!
Quote: DJTeddyBearSince the highest value are in the middle, whites are $5K and brown are $10K.
Chocolate chips are 25k..
Quote: mdsChocolate chips are 25k..
The only $25,000 Wynn chip I could find in the MoGH Chip Guide was filed along with "prototype" chips, but it doesn't look like any of the other prototypes and was notched to invalidate it. Not sure what the full story is there. That chip was orange with white edge inserts and is shown here. If it isn't a prototype, at least it is from a quite different mold from the other chips regularly in play.
Quote: DocThe only $25,000 Wynn chip I could find in the MoGH Chip Guide was filed along with "prototype" chips, but it doesn't look like any of the other prototypes and was notched to invalidate it. Not sure what the full story is there. That chip was orange with white edge inserts and is shown here. If it isn't a prototype, at least it is from a quite different mold from the other chips regularly in play.
I just had one couple weeks ago. I have a picture of it but don't know how to upload it.
Never give the sucker an even break. Heck, never give the sucker a higher payout, just leech him.Quote: wudgedMandalay Bay has also moved to this lower payout.
Quote: onenickelmiracleIt's kind of suspicious how quickly these places are changing their games considering lag time between choosing and getting new felts. I'm not even sure how effective changing the pay will be if people avoid it more. Sounds like a good thing already the way it was being enough of a ripoff. The casinos are really looking desperate looking for coins in the couch cushions.
The guy I used for my felts had them turned around within 48 hours. I sent the artwork in a vector graphic, he pasted it into his painting program and voila. $150, $100 for reprints. The shipping took longer than the manu. So that's no impediment.
When a sharp eyed Pit Boss saw so many sharpies in Biloxi playing Sic Bo... they didn't wait to cut new felt.... they put a yellow post it note with the correct rates on the felt.
They just now started charging for valet parking!!
Nice touch Steve W!
http://www.cdcgamingreports.com/wynn-encore-to-start-charging-for-valet-parking/
Quote: mdsWynn has yet done even more damage.
They just now started charging for valet parking!!
Nice touch Steve W!
http://www.cdcgamingreports.com/wynn-encore-to-start-charging-for-valet-parking/
Didn't want all the people heading to White Castle parking there now that they have to pay at Harrahs. The Venetian will be next. No benefit in being the only holdout.
Quote: mdsWynn has yet done even more damage.
They just now started charging for valet parking!!
Nice touch Steve W!
http://www.cdcgamingreports.com/wynn-encore-to-start-charging-for-valet-parking/
I just noticed a July 13 email from the Wynn:
We're proud to announce that valet or self-parking is now complimentary for resort customers and hotel guests. We invite you to stay, dine, play, see a show, shop, dance, relax and explore—everything you've come to expect from Wynn, except a parking fee.
The hyperlink on "complimentary" takes you to its parking page. Looks as if visitors get only one hour of free self-parking, then it's $7 for 1–2 hours, and it keeps going, but you get 24-hour validation with $50 in resort purchases.
Quote: smoothgrhI just noticed a July 13 email from the Wynn:
We're proud to announce that valet or self-parking is now complimentary for resort customers and hotel guests. We invite you to stay, dine, play, see a show, shop, dance, relax and explore—everything you've come to expect from Wynn, except a parking fee.
Almost sounds like damage control after that sex scandal, but then again that's been out of the news for, what, several months now?
Could be that some of these casinos are starting to figure out that charging for parking is a stupid idea....
Quote: smoothgrh
The hyperlink on "complimentary" takes you to its parking page. Looks as if visitors get only one hour of free self-parking, then it's $7 for 1–2 hours, and it keeps going, but you get 24-hour validation with $50 in resort purchases.
In other words, Reno looks better and better.
Quote: smoothgrhI just noticed a July 13 email from the Wynn:
We're proud to announce that valet or self-parking is now complimentary for resort customers and hotel guests. We invite you to stay, dine, play, see a show, shop, dance, relax and explore—everything you've come to expect from Wynn, except a parking fee.
The hyperlink on "complimentary" takes you to its parking page. Looks as if visitors get only one hour of free self-parking, then it's $7 for 1–2 hours, and it keeps going, but you get 24-hour validation with $50 in resort purchases.
I believe $50 buy-in on Table Games, or $50 inserted into a slot will also qualify you for free parking, but I am not 100% sure if this is the case.
