AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
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March 26th, 2012 at 5:51:46 AM permalink
I was at Caesars this past weekend, but I was a few hours late... the fire bet had hit twice at the same table in one hour. It happened Friday night. I don't know more than that -- how many players made the bet, what the payout was, etc. Caesars does pay 1,000 to 1 on all six numbers, and max bet is $10.
WongBo
WongBo
Joined: Feb 3, 2012
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March 26th, 2012 at 6:01:40 AM permalink
they must hate it when the darling of the sucker bets hits even once, let alone twice!
In a bet, there is a fool and a thief. - Proverb.
Tiltpoul
Tiltpoul
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March 26th, 2012 at 6:04:14 AM permalink
Quote: WongBo

they must hate it when the darling of the sucker bets hits even once, let alone twice!



Yeah, don't be surprised if they lower the max bet to $5, lower the top paying odds to 500 FOR 1, and then advertise on billboards and everywhere that X amount of people won X amount of dollars just playing up to $10 on craps. That's what they did in Atlantic City with the Three Card Super Bonus bet.
"One out of every four people are [morons]"- Kyle, South Park
P90
P90
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March 26th, 2012 at 6:50:45 AM permalink
It's Caesar's, not Royale - will they even notice? They should be well used to losing and winning that much on a single even money bet.
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SanchoPanza
SanchoPanza
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March 26th, 2012 at 7:06:20 AM permalink
Quote: AlanMendelson

I was at Caesars this past weekend, but I was a few hours late... the fire bet had hit twice at the same table in one hour. It happened Friday night. I don't know more than that -- how many players made the bet, what the payout was, etc. Caesars does pay 1,000 to 1 on all six numbers, and max bet is $10.


A random question: Would such a jackpot be similar enough to that from a slot machine to incur a W-2G?
CrapsForever
CrapsForever
Joined: Mar 6, 2012
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March 26th, 2012 at 7:09:24 AM permalink
What is the probability of TWO 6 point Fire Bets at the same table in 1 hour?
Craps is the most "Jekyll and Hyde" casino game ever invented!
Tiltpoul
Tiltpoul
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March 26th, 2012 at 7:19:39 AM permalink
Quote: SanchoPanza

A random question: Would such a jackpot be similar enough to that from a slot machine to incur a W-2G?



Yes, it does... so it probably didn't happen in 1 hour, unless there were only a couple of people at the table. They get the action going again relatively quickly, but they still have to collect licenses, players cards etc.

To the poster who asked if Caesars is a sweat the money joint, I was only half-kidding about it. No, they aren't Casino Royale, but casinos don't like variance turning like that unless they can spin it into a positive. If it gets more people to make the sucker bet, then great. If it hit too much, I guarantee they'd drop the payout though.
"One out of every four people are [morons]"- Kyle, South Park
AcesAndEights
AcesAndEights
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March 26th, 2012 at 11:52:16 AM permalink
Hell, Caesar's got two grand from me on my last trip just playing pass and come + full odds. So I paid for one person hitting both fire bet winners (assuming a $1 bet).

There's no way this will phase a place like CP. Unless there was a full table and everyone had $10 on the fire bet. Then maybe they would blink...
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
s2dbaker
s2dbaker
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March 26th, 2012 at 12:15:09 PM permalink
Quote: CrapsForever

What is the probability of TWO 6 point Fire Bets at the same table in 1 hour?

It is the same as hitting it one time in one hour. Both calculations have an arbitrary start time. The first is when someonehits the fire bet and the second being the moment you say, "NOW".
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
winmonkeyspit3
winmonkeyspit3
Joined: Dec 30, 2011
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March 26th, 2012 at 1:14:43 PM permalink
This kind of reminds me of a bet that they used to have at my local casino. You could bet 1-10 dollars on a particular number coming up twice in a row on Double Zero Roulette. The payout was 1000:1 while this will happen 1 in every 1444 trials. On a recent visit to the casino I asked the shift manager what happened to that side bet and he told me that it was hitting too often so they had to get rid of it. He said people were hitting many times in one day, and they weren't getting a lot of action on it. This is a bet with a huge house edge, yet since the casino saw people winning at it they took it out. I'll admit that it is a little scary to see 20 purples (largest denominations on the low stakes roulette tables) going out, but casinos need to understand the odds. Later on I talked to a long time dealer about it and he said that after he had given out 4 of these in a period of a couple hours he was called into scheduling during his break and told that he was assigned to Blackjack for the rest of the week. I swear sometimes the casinos are as superstitious as the players are.

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