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Wizard
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Wizard 
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December 30th, 2015 at 5:30:55 PM permalink
Quote: teliot

True. But at $1 per hand, why would the casino waste its time? On a typical baccarat table, there is a lot more t-win available by speeding up the game.



There is no shortage of other $1 progressives, with the red lights, here in Vegas.

Let's assume 60 hands per hour, an average of 3 players make the bet, and a house edge of 20%. That is $36/hour. These $1 progressives usually have a very low hit frequency, so I think the decrease in game speed is negligible.
It's not whether you win or lose; it's whether or not you had a good bet.
teliot
teliot
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December 30th, 2015 at 5:48:12 PM permalink
Quote: Wizard

There is no shortage of other $1 progressives, with the red lights, here in Vegas.

Let's assume 60 hands per hour, an average of 3 players make the bet, and a house edge of 20%. That is $36/hour. These $1 progressives usually have a very low hit frequency, so I think the decrease in game speed is negligible.


Red light bets:

1. Players take time decide to make the bets.
2. The dealer has to check if anyone who hasn't made the bet wants to make it.
3. The dealer must collect the $1 chips and put them in the box.
4. If a large jackpot hits, there can be a great deal of time spent paying it out.
5. Any time the bet pays out there it takes time away from the main game to pay it.
6. The red lights are equipment that fails and needs maintenance.
7. Players forever need $1 chip changes.
8. The rack needs fills of $1 chips.
9. The $1 bets the players make on the red circles represent tips the dealer is not getting.
10. The expense associated with the decrease in game pace is extreme if there is large betting at the table.

All of this for 20 cents.
Poetry website: www.totallydisconnected.com
Hunterhill
Hunterhill
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December 30th, 2015 at 5:59:28 PM permalink
I totally agree ,Progressive bets Really can slow the game down. I have even seen tables shut down on a Saturday night because the red lights stopped working. Another common scenario is one player forgets to make the bet so the dealer has to reset it and replace all the other players bets to allow the forgetful player to get in.
The mountain is tall but grass grows on top of the mountain.
Ibeatyouraces
Ibeatyouraces
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December 30th, 2015 at 6:22:10 PM permalink
Quote: teliot

Red light bets:

1. Players take time decide to make the bets.
2. The dealer has to check if anyone who hasn't made the bet wants to make it.
3. The dealer must collect the $1 chips and put them in the box.
4. If a large jackpot hits, there can be a great deal of time spent paying it out.
5. Any time the bet pays out there it takes time away from the main game to pay it.
6. The red lights are equipment that fails and needs maintenance.
7. Players forever need $1 chip changes.
8. The rack needs fills of $1 chips.
9. The $1 bets the players make on the red circles represent tips the dealer is not getting.
10. The expense associated with the decrease in game pace is extreme if there is large betting at the table.

All of this for 20 cents.


I agree. Let's get rid of ALL SIDE BETS!! They're costing us money too and we don't play them.
DUHHIIIIIIIII HEARD THAT!
teliot
teliot
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December 30th, 2015 at 6:46:18 PM permalink
Quote: Ibeatyouraces

I agree. Let's get rid of ALL SIDE BETS!! They're costing us money too and we don't play them.

I will ask nicely, please stop trolling me.
Poetry website: www.totallydisconnected.com
Boz
Boz
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December 30th, 2015 at 6:46:44 PM permalink
Quote: teliot

Red light bets:

1. Players take time decide to make the bets.
2. The dealer has to check if anyone who hasn't made the bet wants to make it.
3. The dealer must collect the $1 chips and put them in the box.
4. If a large jackpot hits, there can be a great deal of time spent paying it out.
5. Any time the bet pays out there it takes time away from the main game to pay it.
6. The red lights are equipment that fails and needs maintenance.
7. Players forever need $1 chip changes.
8. The rack needs fills of $1 chips.
9. The $1 bets the players make on the red circles represent tips the dealer is not getting.
10. The expense associated with the decrease in game pace is extreme if there is large betting at the table.

All of this for 20 cents.



Not taking sides here, but these are all valid comments and concerns. All of these are issues at a LIR table.
Ibeatyouraces
Ibeatyouraces
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December 30th, 2015 at 7:13:40 PM permalink
Quote: teliot

I will ask nicely, please stop trolling me.


That wasn't the intent and would've said it to anyone. I apologize if you thought of it that way.

But basically, I agree with you about some of these bets on the grounds you mentioned. A few places keep a separate marker on the red light indicators and the players only need place the $1 chip on top of that.
DUHHIIIIIIIII HEARD THAT!
Wizard
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Wizard 
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December 30th, 2015 at 8:09:00 PM permalink
Quote: teliot

Red light bets:



Very good points. I'll let you have the last word on that.
It's not whether you win or lose; it's whether or not you had a good bet.
teliot
teliot
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December 30th, 2015 at 8:59:38 PM permalink
Quote: Wizard

Very good points. I'll let you have the last word on that.

Add to it (in case Lucky 8 is a red-light bet), (11) ... beatable by advantage play and (12) ... lease fee.
Poetry website: www.totallydisconnected.com
MrCasinoGames
MrCasinoGames
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December 30th, 2015 at 11:09:51 PM permalink
Quote: MrCasinoGames

Quote: Wizard

I just wrote a new page on Power 8's, which is a baccarat side bet found in South Africa.


Thanks Mike for the Introduction of Power 8's.
Sorry for not be able to give any information on the progressive part, as it is CONFIDENTIAL.

PS. If anyone is coming to ICE, London 2016.
I will be at TCS-JohnHuxley Booth (S6-250) showing a few Progressive games and at my PST Join-booth (S6-242) showing 5 New Table Games.

Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com

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