CRAPS QUESTION
Poll
 | 2 votes (18.18%) | ||
| | 2 votes (18.18%) | ||
| | 1 vote (9.09%) | ||
| | 3 votes (27.27%) | ||
| | 2 votes (18.18%) | ||
| | 1 vote (9.09%) |
11 members have voted
July 3rd, 2011 at 5:33:16 PM
permalink
Just re-reading John Scarne new complete guide to gambling. First printed in 1961, revised edition copyrighted in 1974.
I find his chapter on Craps to have a statement I can only assume spoke to 1961. In it he says that casino profits from craps were greater than from all other games combined. Can that be true? Was is your opinion? anybody got any stats ? If that is true,
craps isn't dying. It more like a corpse propped up on the casino floor !!
I find his chapter on Craps to have a statement I can only assume spoke to 1961. In it he says that casino profits from craps were greater than from all other games combined. Can that be true? Was is your opinion? anybody got any stats ? If that is true,
craps isn't dying. It more like a corpse propped up on the casino floor !!
July 3rd, 2011 at 5:42:10 PM
permalink
I voted 70% because I have no idea what that poll means.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 3rd, 2011 at 5:44:56 PM
permalink
Hmmm. I voted 10% for the same reason.
July 3rd, 2011 at 5:50:59 PM
permalink
WHAT DO YOU THINK WAS THE PERCENTAGE CRAPS CONTRIBUTED TO THE CASINO DROP IN 1961 ?
Sorry for the confusion !
Sorry for the confusion !
July 3rd, 2011 at 6:02:40 PM
permalink
Well, I can't change my vote now :)Quote: buzzpaffWHAT DO YOU THINK WAS THE PERCENTAGE CRAPS CONTRIBUTED TO THE CASINO DROP IN 1961 ?
Sorry for the confusion !
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 3rd, 2011 at 6:14:57 PM
permalink
Quote: buzzpaffJust re-reading John Scarne new complete guide to gambling. First printed in 1961, revised edition copyrighted in 1974.
I find his chapter on Craps to have a statement I can only assume spoke to 1961. In it he says that casino profits from craps were greater than from all other games combined. Can that be true? Was is your opinion? anybody got any stats ? If that is true,
craps isn't dying. It more like a corpse propped up on the casino floor !!
I don't get the poll, either. But I believe craps was far and away No 1 back then. Before "Beat the Dealer" it was a different world. Both stories at dicedealer and statements on the site of the Late Frank Rosenthal seem to state dice was where it was at. And if BJ was very limited, what else was there? Maybe Roulette? Most Carnival Games had yet to be invented.
Remember, too, that back then more than one person learned how to play "casino craps" on the street.
All animals are equal, but some are more equal than others
July 3rd, 2011 at 6:16:14 PM
permalink
In 1961 craps was probably the largest contributor, higher than that of all other table games revenue combined. But that was then.
The current table drop/hold information is published online by a number of state Gaming Control Boards.
Craps is no longer the primary money maker among table games, Blackjack is, but on a per table basis, craps revenue is very high.
Also huge - in places that have high-limit Baccarat, is that game.
While there are huge ratio differences based on geographical market, casino level, market maturity, etc., a typical mix is something like:
40% BJ
15% dice
15% Baccarat
12% Roulette
8% Pai Gow
10% All Carnival games combined, with Three-Card Poker or Ultimate Texas Hold 'em as the leaders of this group.
In some Asian casinos, it can be 80% Baccarat....
Know that 70% of American casino gambling revenue comes from slots.
You can see this info for the State of Missouri at
http://www.mgc.dps.mo.gov/2010_fin/FY10_slot_table.htm
The current table drop/hold information is published online by a number of state Gaming Control Boards.
Craps is no longer the primary money maker among table games, Blackjack is, but on a per table basis, craps revenue is very high.
Also huge - in places that have high-limit Baccarat, is that game.
While there are huge ratio differences based on geographical market, casino level, market maturity, etc., a typical mix is something like:
40% BJ
15% dice
15% Baccarat
12% Roulette
8% Pai Gow
10% All Carnival games combined, with Three-Card Poker or Ultimate Texas Hold 'em as the leaders of this group.
In some Asian casinos, it can be 80% Baccarat....
Know that 70% of American casino gambling revenue comes from slots.
You can see this info for the State of Missouri at
http://www.mgc.dps.mo.gov/2010_fin/FY10_slot_table.htm
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
July 3rd, 2011 at 6:17:43 PM
permalink
No vote.
Too confusing between how much the hold is at a craps table and how much of the total casino hold the craps pit provides.
The trouble is that things changed in the Post-Thorpe era as grown men cried when workmen removed craps tables to install blackjack tables.
Recent figures? Ask Paco. Or look up the Gaming Boards reports.
My understanding is craps Win Rate is usually around 12 percent which shows how many players are sticking to that 0.84 percent house edge strategy of Passline and odds bets.
My understanding is that slots provide most of a casino's income followed by blackjack and then craps, then roulette. This depends on what is available at a casino and what sort of crowd it gets. Baccarat is too volatile but miniBacc tables tend to be stable producers. The gaming commission considers craps to be a Table Game but so too does it consider Bingo and Keno to be a table game which is why a live keno game has to have at least one chair irrespective of any electronic boards or portable units they have.
I'm sure Paco will show up with his usual expertise expressed to four decimal places.
Too confusing between how much the hold is at a craps table and how much of the total casino hold the craps pit provides.
The trouble is that things changed in the Post-Thorpe era as grown men cried when workmen removed craps tables to install blackjack tables.
Recent figures? Ask Paco. Or look up the Gaming Boards reports.
My understanding is craps Win Rate is usually around 12 percent which shows how many players are sticking to that 0.84 percent house edge strategy of Passline and odds bets.
My understanding is that slots provide most of a casino's income followed by blackjack and then craps, then roulette. This depends on what is available at a casino and what sort of crowd it gets. Baccarat is too volatile but miniBacc tables tend to be stable producers. The gaming commission considers craps to be a Table Game but so too does it consider Bingo and Keno to be a table game which is why a live keno game has to have at least one chair irrespective of any electronic boards or portable units they have.
I'm sure Paco will show up with his usual expertise expressed to four decimal places.
July 3rd, 2011 at 6:21:18 PM
permalink
Somebody vote 20% so we have a rainbow
July 3rd, 2011 at 6:23:18 PM
permalink
1 sentence history of casino gaming: craps --> [beat the dealer] blackjack --> [computerized reels] slots --> tiny number of absurdly rich gamblers playing baccarat, remaining 99% of the market (by player numbers) as before.
July 3rd, 2011 at 7:03:04 PM
permalink
Quote: iwannaiguanaSomebody vote 20% so we have a rainbow
Rainbow!
July 3rd, 2011 at 7:14:20 PM
permalink
While there are huge ratio differences based on geographical market, casino level, market maturity, etc., a typical mix is something like:
40% BJ
15% dice
15% Baccarat
12% Roulette
8% Pai Gow
10% All Carnival games combined, with Three-Card Poker or Ultimate Texas Hold 'em as the leaders of this group.
In some Asian casinos, it can be 80% Baccarat....
Know that 70% of American casino gambling revenue comes from slots.
If 70% is slots, that leaves 30% for table games. 15% of 30% is 4.5%. Scarne was speaking of casino revenue that included not just table game, but also slots. So in 50 years craps has fallen from over 50% to less than 5% at best.
Colorado raised the limits to $100 and added Craps to the games allowed last year. Of May;s total win of over 848Million. Craps accounted for just barely 6 Million, shy of 6.1 million. For a total contribution of 0.7%. A far cry from 5 % ,let alone 50%.
Is craps on life support in Vegas? Appears to be a fresh corpse in Colorado!
40% BJ
15% dice
15% Baccarat
12% Roulette
8% Pai Gow
10% All Carnival games combined, with Three-Card Poker or Ultimate Texas Hold 'em as the leaders of this group.
In some Asian casinos, it can be 80% Baccarat....
Know that 70% of American casino gambling revenue comes from slots.
If 70% is slots, that leaves 30% for table games. 15% of 30% is 4.5%. Scarne was speaking of casino revenue that included not just table game, but also slots. So in 50 years craps has fallen from over 50% to less than 5% at best.
Colorado raised the limits to $100 and added Craps to the games allowed last year. Of May;s total win of over 848Million. Craps accounted for just barely 6 Million, shy of 6.1 million. For a total contribution of 0.7%. A far cry from 5 % ,let alone 50%.
Is craps on life support in Vegas? Appears to be a fresh corpse in Colorado!
