Buzzard
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November 7th, 2014 at 8:22:39 PM permalink
Just a simple question. Well, maybe I am the one who is simple.

Wondering what the average buy in is at a low limit table. Not your buy in, but what you observe.

If you are a dealer , even better. Colorado was $5 max bet for 20 years.

My observation has not changed with raised limits as weekday $5 tables. $40-60 buy-in

Not much weekend observation, but $80-$100 for $10 tables.

Could you post your observations, weekday or weekends. and state table minimums and which State or City ?

THANKS. If I get anywhere with my game, drinks are on me.

If I don't get anywhere drinks are on Paigowdan and/or Pacman. Or I will be back with another game !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
mrsuit31
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November 7th, 2014 at 8:29:51 PM permalink
Quote: Buzzard

Just a simple question. Well, maybe I am the one who is simple.

Wondering what the average buy in is at a low limit table. Not your buy in, but what you observe.

If you are a dealer , even better. Colorado was $5 max bet for 20 years.

My observation has not changed with raised limits as weekday $5 tables. $40-60 buy-in

Not much weekend observation, but $80-$100 for $10 tables.

Could you post your observations, weekday or weekends. and state table minimums and which State or City ?

THANKS. If I get anywhere with my game, drinks are on me.

If I don't get anywhere drinks are on Paigowdan and/or Pacman. Or I will be back with another game !



When I spectate the low limit tables at the hardrock the buyin is around $50ish.
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Buzzard
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November 7th, 2014 at 8:35:21 PM permalink
Thanks Brent. I decided to try and enter the 6/5 BJ market. I know, I know, casinos got a free ride there. But it is the biggest growing market the last 10 years and nobody seems to have a product for that line. New carnival games seem to be cannibalizing one another.

THANKS AGAIN
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
mrsuit31
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November 7th, 2014 at 8:38:01 PM permalink
Quote: Buzzard

New carnival games seem to be cannibalizing one another.




Yup.

And no worries. If you want any feedback you know id be happy to give ya some privately...
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Buzzard
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November 7th, 2014 at 8:47:00 PM permalink
25 views , 1 reply.. Come on, fella's

Would ask for some help from the peanut gallery, but that just makes me feel older ! ! !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
rainman
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November 7th, 2014 at 9:02:27 PM permalink
Washington trible 5-500 6D, average 40ish, Educated guess from much observation.

I think I saw a painting of you on a cave wall. :)
Deucekies
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November 7th, 2014 at 9:03:19 PM permalink
My place has $5 min tables after getting rid of our $3 mins a few weeks ago. $5 table, buy-ins usually range from $50-100. On the $3 mins, $20 buy-ins were common. Can't say I miss those.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
Buzzard
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November 7th, 2014 at 9:09:13 PM permalink
Quote: rainman

Washington trible 5-500 6D, average 40ish, Educated guess from much observation.

I think I saw a painting of you on a cave wall. :)



That was my brother, the ugly one ? Do you remember the peanut gallery. No, not EvenBob, Buffalo Bob.

Seriously THANKS.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Buzzard
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November 7th, 2014 at 9:10:41 PM permalink
THANKS. REALLY !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Face
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November 7th, 2014 at 10:01:31 PM permalink
Proud to say we never had a 6:5 table =)

I can't say I saw a lot of sub-$100 buys. Sure, a group of ladies on a hen night or Steve Dave that just turned 21 might timidly plunk down $20-$40 on a $5 table, but anyone who walked up and sat right down without hesitation always broke out at least $100. And a good many of those would reach for more upon busting out.

For the record, I've decided to start drinking Lagavulin.
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onenickelmiracle
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November 7th, 2014 at 10:49:13 PM permalink
$100-200.
I am a robot.
Buzzard
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November 7th, 2014 at 10:54:31 PM permalink
Quote: Face

Proud to say we never had a 6:5 table =)

I can't say I saw a lot of sub-$100 buys. Sure, a group of ladies on a hen night or Steve Dave that just turned 21 might timidly plunk down $20-$40 on a $5 table, but anyone who walked up and sat right down without hesitation always broke out at least $100. And a good many of those would reach for more upon busting out.

For the record, I've decided to start drinking Lagavulin.



As one of Scotland’s most famous whiskies Lagavulin embodies the flavours of the island on which it sits with its rich fruit & smooth smoky flavours complimented by a good dose of Islay peat & crisp sea salt.

YEAH< RIGHT

Somebody has kissed the Blarney stone.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Buzzard
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November 7th, 2014 at 10:55:18 PM permalink
Quote: onenickelmiracle

$100-200.



Average buy in at a $5 table ? just asking ?
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Buzzard
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November 7th, 2014 at 10:57:13 PM permalink
Face " And a good many of those would reach for more upon busting out. " I believe that, but trying get buy in info mainly. Taking your answer as $100 as average buy-in. THANKS.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Buzzard
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November 7th, 2014 at 11:01:23 PM permalink
FACE Another question if I may. Assuming $100 average buy in $5 Bj on weekdays ? Average buy in on weekends $10 table ?

Still $100 ? Surely not $200 Anybody can answer, not just Face. THANKS ANYBODY
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Buzzard
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November 7th, 2014 at 11:21:51 PM permalink
Now this I find interesting. Explains when most BJ players HATE higher limits.

You sit at a table and buy-in for $100 with the intent of playing 100 hands (between an hour or two for most players). If you were to flat bet $5 the entire time and use perfect basic strategy, you should mathematically lose about $2.50. At a $10 bet you should lose about $5, and at a $25 bet you should lose about $12.50. Of course, these amounts are averages, but in the long run that is about where you should end up. Now let’s looks at the chances of losing the entire $100 in 100 hands (or less). When flat betting $5 (20 units) the probability is 8.65%; for $10 (10 units) the probability is 39.59%; and for $25 (4 units) the probability of losing your entire buy-in is 73.72%. Again, this is all based on playing perfect strategy. If you do not play perfect basic strategy these numbers increase, sometimes drastically.

http://www.coloradogamingnews.com/how_to/bet-big-and-go-home-broke
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ShineyShine
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November 7th, 2014 at 11:24:06 PM permalink
I'm a dealer in Dublin, Ireland, and started in London. I've never gambled in the U.S, but from what i gather the casinos there are very different from the ones i've worked in, so this info might not be that useful to you. I'll give it anyway, and you can make of it what you will.

Our casino is pretty small, with only 7 BJ tables, and it would be very rare to have all 7 open. Typically 1/2 open on a weekday, and 3/4 on a weekend.

On a €5 table, max bet €100, i'd say the average buy in is €50 - €100, erring on the higher side. If i had to give a 'most common' buy in, rather than average (are they the same?), i'd say €100.

I could be way off here, as i've never really calculated it, just going off my intuition.

I'm also not sure if the average buy in would be higher at weekends...we get A LOT of people in at the weekends just for the free booze after the pubs and clubs have shut that would be buying in for €50 or less.

Oh, and ive just realised you're asking about 6/5 tables. Our rules seem pretty good compared to $5 U.S tables... all our tables are 3/2 and S17.

And who or what is the peanut gallery?
Buzzard
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November 7th, 2014 at 11:43:26 PM permalink
Thanks for info. Actually asking about all low limit tables. Just here in the states, most $5 games are 6/5. Especially in Las Vegas.

Peanut gallery is hold over from Howdy Doody TV Show 1947-1960. Kids on the show were in a peanut gallery at side of stage. Howdy would ask for help from the peanut gallery sometimes. Kids playing baseball would ask for some help from the peanut gallery, when a ball was fouled off or left the field, headed for any spectator.

Rumor has it EvenBob was named after Buffalo Bob !

Thanks again for the info !

http://en.wikipedia.org/wiki/Howdy_Doody
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ShineyShine
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November 7th, 2014 at 11:55:55 PM permalink
Quote: Buzzard

Thanks for info. Actually asking about all low limit tables. Just here in the states, most $5 games are 6/5. Especially in Las Vegas.

Peanut gallery is hold over from Howdy Doody TV Show 1947-1960. Kids on the show were in a peanut gallery at side of stage. Howdy would ask for help from the peanut gallery sometimes. Kids playing baseball would ask for some help from the peanut gallery, when a ball was fouled off or left the field, headed for any spectator.

Rumor has it EvenBob was named after Buffalo Bob !

Thanks again for the info !

http://en.wikipedia.org/wiki/Howdy_Doody



No probs. You sent me a very nice, helpful pm out of the blue a while ago, so i'm happy to help.

I've dealt Blackjack, Roulette and Poker for about 14 years now, so feel free to pick my brains about anything regarding dealing, procedures etc. I don't claim to be an expert, but do have have experience dealing these games.
Buzzard
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November 7th, 2014 at 11:59:06 PM permalink
Must of been one of my lucid intervals. LOL THANKS AGAIN.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Dieter
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November 8th, 2014 at 2:25:24 AM permalink
Quote: ShineyShine

If i had to give a 'most common' buy in, rather than average (are they the same?)



No, they're not the same.

I pretty usually see $100 as a buy-in, and $100 available for re-buy. If you're working on a carnival game, I wouldn't expect them to have a rebuy available - I just don't see a lot of people rebuying on carnival games.

Not a dealer, but I do observe a lot of buy-ins while I'm out scouting in the hinterlands.
May the cards fall in your favor.
FleaStiff
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November 8th, 2014 at 3:23:53 AM permalink
Quote: Buzzard

Wondering what the average buy in is at a low limit table. Not your buy in, but what you observe.

First week of the month a commonly encountered buy-in is the amount of a disability check.
1BB
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November 8th, 2014 at 3:35:24 AM permalink
Quote: Buzzard

Average buy in at a $5 table ? just asking ?



By far it's $100 at a $5, $10 or $15 table. I don't watch $5 tables but my wife plays them. She and her girlfriends always buy in for $100 and she says most others do as well. Another thing she mentioned was that most players have a $100 bill rather than a mix of smaller bills.

That reminds me, I think there's a hundred missing from my wallet. :-)
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texasplumr
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November 8th, 2014 at 8:06:37 AM permalink
Was downtown this week. Most tables are low limit and the average buy in was 100. I remember one guy buying in with two 20s and a 10. But every other buy in I remember was 100. And as mentioned above, almost always a 100 dollar bill.
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thecesspit
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November 8th, 2014 at 8:32:39 AM permalink
Quote: texasplumr

Was downtown this week. Most tables are low limit and the average buy in was 100. I remember one guy buying in with two 20s and a 10. But every other buy in I remember was 100. And as mentioned above, almost always a 100 dollar bill.



That's my experience. 1 $100 bill, occasionally someone will put in $50 or a $20 on a $5, but they tend to be win quick or leave.

$10 bettors tend to be the same, $25 bettors will go for $2-300.

And Lagavulin is a fine malt, but I'd prefer a AnCnoc or Knockando, thanks! No Blarney, all are Scottish whiskies, Mr Buzz...
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
Buzzard
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November 8th, 2014 at 10:10:48 AM permalink
Thanks for the replies. Let me repeat something, if I may :

You sit at a table and buy-in for $100 with the intent of playing 100 hands (between an hour or two for most players). If you were to flat bet $5 the entire time and use perfect basic strategy, you should mathematically lose about $2.50. At a $10 bet you should lose about $5, and at a $25 bet you should lose about $12.50. Of course, these amounts are averages, but in the long run that is about where you should end up. Now let’s looks at the chances of losing the entire $100 in 100 hands (or less). When flat betting $5 (20 units) the probability is 8.65%; for $10 (10 units) the probability is 39.59%; and for $25 (4 units) the probability of losing your entire buy-in is 73.72%. Again, this is all based on playing perfect strategy. If you do not play perfect basic strategy these numbers increase, sometimes drastically.

The above is for a game with 00.5% HE. What the hell must the numbers look like at a 6/5 BJ table, $5, $10, $25 with that $100 buy in ? Any guesses, even a WAG would be appreciated.

" And Lagavulin is a fine malt, but I'd prefer a AnCnoc or Knockando, thanks! No Blarney, all are Scottish whiskies, Mr Buzz..."

I knew that. I also know you can always tell a Scotchman. You just can't tell him much. EH Face ?
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Face
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November 8th, 2014 at 10:36:57 AM permalink
Quote: Buzzard

FACE Another question if I may. Assuming $100 average buy in $5 Bj on weekdays ? Average buy in on weekends $10 table ?

Still $100 ? Surely not $200 Anybody can answer, not just Face. THANKS ANYBODY



Our tables rarely moved, weekend or not. I think most people are going to play to their bankroll. If they come with $100 and find it $10 instead of $5, they'll either play it or not. I doubt many will suddenly decide to buy in for more based on that.
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Buzzard
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November 8th, 2014 at 5:28:17 PM permalink
My thoughts also. I guess you can clean them out with $10 minimum quickly on weekends as long as there as fresh chumps waiting.
I know sucess in bars and poolrooms was always how early in the week you can pay the NUT and profit on the weekends.
Same things for illegal poker rooms, tournament at noon and 5 mon- thursday, none or 1 on weekends.
Sorta like 5x points in casino or senior bonus in casino's Mon-Thrs.

I await input from that distinguished bar man BOB !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
beachbumbabs
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November 9th, 2014 at 8:35:14 AM permalink
My observation has also been $100 buy-in on $5 table, be it BJ or carnival game. 1 in 5 will buy-in for $200. 1 in 8 will buy-in for 40-60-80. 1 in 25 will buy-in for 300-500. All very much approximated, but over 20 years or so. Also, 4 in 5 will re-buy at least once. Again in my experience.
If the House lost every hand, they wouldn't deal the game.
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