I can understand how some people would be adverse to that risk, though. You can certainly expect to play longer by only making the pass line bet.
Quote: iwannaiguanaI tend to usually max out my odds. I figure if I'm not going to take a 0% house edge bet why am I even in the casino in the first place.
I have never understood why people play large amounts on baccarat. Why not max out odds instead. You are much better off.
Casino Royale specifically, the odds offered are at odds with the regular clientele, so I think it's mostly a gimmick. The Rampart offered 100x odds, too, and for all I know still does. I really regret not hanging around just to see what the play was like at their craps tables.
Anyway, you won't find a high roller placing pass line and come bets with 100x odds at Casino Royale, even though that would make sense for high rollers to do; unless there's a table limit for payoffs that renders such betting moot. But I suppose from time to time you may see one or two such bets. I think someone here reported trying to do so on a $3 bet, only to be tolds that for bets under $5 the max odds were 20x
Heck, I typically take only 2x, or 3x if I'm doing well.
Craps players absolutely KNOW they should have Max odds but that doesn't mean they actually do it.
This is why 100x odds is more often on the marquee than ever on the table. Sure they will let you do it, but its a gimmick to them and they know must people will never get to max odds. Some players don't take odds most take 2x or 3x odds. Some up it to the often encountered 3x4x5x odds, Some even venture to the 10x and 20x tables and actually go to 10x or 20x too! Darn few go to 100x tables and put up 100x. So the casinos main "cost" in offering it is probably the large plastic letters on the marquee.
Crews do see bettors putting all they can on the odds bets but its not all that common.
Still available at that Hendertucky place... Jokers Wild. Unless its late night of a weekend when it would be 2.00 minimum bet.Quote: bushmanI long for the days of $1 min and taking 10X odds.
Quote: FleaStiffStill available at that Hendertucky place... Jokers Wild. Unless its late night of a weekend when it would be 2.00 minimum bet.
Yep, I understand that. Would like to get over there during my Aug. trip. Having a difficult time getting my buddy to go. He forgets where we came from (days of staying at Vegas World for "free" or nights at the Villa Roma.) He got a great paying job (though he worked for it.) Me, I have been plugging away for 21 years working for a university. You guys do the math (he worked at Dell, since the early days.) He isn't a snob, mind you, but he sure likes to play in the special room at the Golden Nugget. Bit harder for me.
Quote: AlanWondering how many people take their max odds at the craps table. I was just thinking to myself about Casino Royale(100x)...ok, so you've got this guy on the pass line with $5 and backs it up with $500? That's some serious dough! And then you read about how how some casinos are 'generous'(which is amusing) with their odds(other than Royale), like MSS(Main Street Station) with I believe 20x, still that's $5 on pass and $100 in odds, that's serious dough on the line too. I was going to make this a poll, but there are so many variations, 3x,4x,5x, etc. so I didn't bother. I guess I don't want that much 'Action', maybe I'm just a conservative kind of guy.
I've been playing craps now for 3 1/2 years. In the past year now, when I am shooting I always take max odds. I use the H/w set and shoot from SL1 or SL2.
Generally I have been making my first point about 65% of my turns with the dice this past year of so. Of course when I do single or double odds, I always make my point ( of course ).
When someone else has the dice, if I do a passline bet and they are on their first or second point, its strictly double odds. After that, If the shooter gets going its max odds with no questions asked. I have spent to many sessions in the past with my TUMA watching a shooter toss for 30+ minutes wondering when do I jump in and increase the odds and when do I press that $6.00 6n8.
Eagledice
Quote: bushmanYep, I understand that. Would like to get over there during my Aug. trip. Having a difficult time getting my buddy to go. He forgets where we came from (days of staying at Vegas World for "free" or nights at the Villa Roma.) He got a great paying job (though he worked for it.) Me, I have been plugging away for 21 years working for a university. You guys do the math (he worked at Dell, since the early days.) He isn't a snob, mind you, but he sure likes to play in the special room at the Golden Nugget. Bit harder for me.
I wouldn't worry about the odds. You increase your variance, but the actual EV stays the same (the bets costs you 1.41% of the $5 passline). If your budget is $10 a roll, then $5 with $5 behind is good. Betting $10 on the line would be a mistake.
Don't stress not taking the full odds if you don't have the bank roll or comfort for it.
Quote: thecesspitI wouldn't worry about the odds. You increase your variance, but the actual EV stays the same (the bets costs you 1.41% of the $5 passline). If your budget is $10 a roll, then $5 with $5 behind is good. Betting $10 on the line would be a mistake.
Don't stress not taking the full odds if you don't have the bank roll or comfort for it.
Nah! I don't stress it. I just have fond memories of working a progression up from $1 on the line, backed by $10 to (happened a couple of times at the "New Frontier") to a $10 line bet backed by a black ($100.) That was awesome, as the shooter had to make 6 passes for me to get to that $10 bet. Both times, of course, sevened-out, but a nice sum was made working it up.
If I had the bankroll, I probably would not have any discomfort betting it. However, a $5 bet backed by either $50 or $500 sure would be a heart-pounder. I get the variance aspect, as well as the EV. I do what I can afford. Of course, I certainly wouldn't start off with a huge bet.
I second the Joker's Wild recommendation. Played there July 4th, actually. Got on a monster roll, and pressed up to $2+$20 on every number. I always start out with $1+$10. Lots of fun.
If you go down the street to the corporate "big brother" Sam's Town, you can play $3/20x. A lot of the dealers from Joker's have graduated to there. Although Joker's now has Verna, who is the best dealer there!
If I had the money to play $25 line bets with 3/4/5x odds at Wynn--which I don't--I would still rather take that same stake to CR and put a majority of it behind the line. It baffles me that you don't see that place full of well-heeled gamblers who don't mind a temporary change of scenery from their luxury hotel for incredibly improved odds.
Has anyone seen a character like this taking full advantage at CR, i.e., betting $5 with $500 odds? I would do this all damn day long if I had a big roll...
Quote: livetwiceI am actually a bit surprised that I haven't seen more high rollers who are serious about winning come over for craps sessions at Casino Royale.
If I had the money to play $25 line bets with 3/4/5x odds at Wynn--which I don't--I would still rather take that same stake to CR and put a majority of it behind the line. It baffles me that you don't see that place full of well-heeled gamblers who don't mind a temporary change of scenery from their luxury hotel for incredibly improved odds.
Has anyone seen a character like this taking full advantage at CR, i.e., betting $5 with $500 odds? I would do this all damn day long if I had a big roll...
Well if you do the realistic math on it....Its really not that big of deal. I was recently in Vegas playing $25 (3-4-5X) with full odds at MB. And before the trip was thinking maybe I should take some of my bankroll over to CR, and play $5 with 25x odds. Then I thought about the real math of it. I would be exposing $20 less on the P/L to 1.41% house advantage. Or basically $0.28 per come out. Assuming 20 come outs per hour....$5.60 per hour more in expected loss. I would EASILY be willing to pay an extra $5.60 per HOUR to play at MB over CR LOL
Quote: livetwiceIf I had the money to play $25 line bets with 3/4/5x odds at Wynn--which I don't--I would still rather take that same stake to CR and put a majority of it behind the line. It baffles me that you don't see that place full of well-heeled gamblers who don't mind a temporary change of scenery from their luxury hotel for incredibly improved odds.
Has anyone seen a character like this taking full advantage at CR, i.e., betting $5 with $500 odds? I would do this all damn day long if I had a big roll...
I actually did it myself once, a long time ago when the limit was $1/100x. I used put bets and got the bases loaded for $606. But no, I think as has been pointed out, the sort of person who has the bankroll to put $500 behind the line would rather do it where his or her rail-mates aren't sweating the white chips. I've bet huge once in my life ($1000/bet) but that was on a massive parlay. As a rule I stick to smaller wagers. If I truly had the bankroll to bet that big, I probably wouldn't do it in a casino. I'd be out buying racehorses or wagering on something more exotic than you can typically experience by adding a zero or two to your passline bet.
That being said, I am also at the point in my life where I want to play and gamble at a nice casino where I feel safe and comfortable. In general that means only getting 3x4x5x odds. Now, let us say that a nice casino like the Wynn started offering 100x odds. Yes, I will play the maximum odds that I can afford. If that means only playing the pass line with odds bet, that it. I will not take an extra come bet unless I have maxed out the full odds on the initial pass line.
I want to take any advantage that I can get, provided that I am enjoy myself and having fun. Fun for me means being someplace nice.
Quote: gamblerI would consider myself go be a fairly serious craps player, and I always max out my odds. I normally play the pass line with full odds and I am always on the come with full odds.
Good way to play - if the bankroll allows.
But offering higher odds (and advertising "100x oods!") is a way that casinos use to get more of your money at risk - versus your risk of ruin! Near 0% house edge means very little to a limited bankroll, and at a casino - you're the one with that limited bankroll. You have to think about that.
Once the HE is less than 1.5%, then spending 50% of your bankroll to get < 1% becomes meaningless when risk-of-ruin goes through the roof.
I do press my pass line/come bet progression (and yes, with crap checks and hardways parlays) looking to catch the hot roll, 3x4x5x odds. I'll make an any-7 bet to cover my come points on the come-out roll, too.
I press when the temperature rises. If I'm ahead, then the pass line/come bets go up, with the odds following.
Quote: PaigowdanGood way to play - if the bankroll allows.
But offering higher odds (and advertising "100x oods!") is a way that casinos use to get more of your money at risk - versus your risk of ruin! Near 0% house edge means very little to a limited bankroll, and at a casino - you're the one with that limited bankroll. You have to think about that.
Once the HE is less than 1.5%, then spending 50% of your bankroll to get < 1% becomes meaningless when risk-of-ruin goes through the roof.
I do press my pass line/come bet progression (and yes, with crap checks and hardways parlays) looking to catch the hot roll, 3x4x5x odds. I'll make an any-7 bet to cover my come points on the come-out roll, too.
I press when the temperature rises. If I'm ahead, then the pass line/come bets go up, with the odds following.
Don't forget that at extremely high odds multiples, put bets + large odds are functionally equivalent to large place bets, just with a much lower HA and lower risk of ruin. If you're a big place bettor, or you like to buy the 4/10 for a stack of black chips, put bets + 50x or 100x odds are far superior.
A question of interest though, is what is the max line bet and max odds bet at Casino Royale? I have, on occasion, seen some players rub up against a $5k odds max downtown (that would be a typical line bet for some Strip players).
There was a time when downtown's Horseshoe was the place for craps in all of Las Vegas. No minimum, No maximum, ten times odds. Why is this not a viable model for at least one niche place anymore?
Quote: AyecarumbaI have often seen players with $2500+ in action on the line. Players at this level aren't interested in the Casino Royale, or the drive to the Boulder Strip. They are more interested in the wine pairing with their Kobe steak, and whether they will take the helicopter or the Bentley to go across the street.
There is a lot of focus in this thread on what people with money are likely to do. Aside from the increased EV from hotel comps, I'm more interested in whether the odds differential at CR is sufficient to attract a serious gambler with a large roll who doesn't mind walking across the street from the Venetian. I think its a gross generalization to state that people with money never mind throwing it around. I wouldn't start playing Caribbean Stud or some other wacky carnival game just because I had a huge roll... I'd continue to care about house edge and showing a profit.
As I stated above, it seems there is a significant advantage to having a $5 pass line bet with 100x odds over a $100 pass line bet with 5x odds, especially on points of 4 and 10 where you're getting high payoff odds on a much larger percentage of your overall bet. Point after point, you're getting more than 95 percent of your overall bet paid off at true odds. Risking the same amount of money spread at 3x odds, 25 percent of your bet will be paid off 1:1. (Math check here please, but the principle should hold true even if the math is off.)
Risk of ruin should not be part of the equation when we are talking about a player who has the roll to afford the same overall bet at 3/4/5x odds down the street. We're just talking about the potential edge gained by walking across the street to CR to put more of that money behind the line.
Because everything in town is owned by the Evil Empire and its commitment is to "the center" not the outliers. Look at all the Indian casinos? Look at the 2x and 5x places. They do okay and jacking it up to 10x or 20x is not worth it. Look at the slots... they don't offer good gambling, they offer good graphics.
The M opened up strong... and had big losses at the craps table and the roulette wheel. No one wants to emulate Benny Binion when their MBA types tell them you'll make more money shearing the ignorant sheep than you will becoming a mecca for real gamblers.
"Problem in Vegas?, what problem, I don't see no problem", chant the LV MBA's.
N&B