table limits
Would want a closer eye where more money is involved. Both players and dealers.
A black chip player has no interest in pinching from a purple chip player, a white chip player might.
For very high limits also available reserves.
Quote: stoneynvO.K., I've learned that's it's impossible to win a negative expectancy game......members have made that abundantly clear in virtually all forums. I've also learned that each spin of the wheel is completely independent of previous spins. The expectancy is always 50/50 excluding green /double green on outside bets. We all know this to be true. Why do the casinos put a fairly tight range as it relates to table limits?.....e.g. 1 min to 300, 500 or 1000 max.....why not bump max to 20,000 or 50,000 or more?
Casinos want to decrease variance. But I am guessing any strip casino would be happy to allow a player to bet that on a roulette wheel... with proper security, proper cash in reserve just in case, etc... There are likely certain personnel they would want present during any super high wagering.
Quote: stoneynvWhy do the casinos put a fairly tight range as it relates to table limits?.....e.g. 1 min to 300, 500 or 1000 max.....why not bump max to 20,000 or 50,000 or more?
Over the long term, expectation is always in favor of the casino, but over the short term variance could be huge. Blackjack tables in Vegas make $500/day in Downtown, and $1,500/day on the Strip. If they permitted those huge bets over a business quarter it is very possible that their cash flow could be devastated.
The owners of the Golden Nugget describe a situation in 2004 when a rich video game designer came in and won $8.5 million over a period of weeks, and threatened their business. Luckily within four months they were bought out for a $100 million profit.
dime them to death and it keeps away the high
rollers that could ruin the casinos day with just
one bet. Don't over think it any farther than that.
Quote: pacomartinOver the long term, expectation is always in favor of the casino, but over the short term variance could be huge. Blackjack tables in Vegas make $500/day in Downtown, and $1,500/day on the Strip. If they permitted those huge bets over a business quarter it is very possible that their cash flow could be devastated.
The owners of the Golden Nugget describe a situation in 2004 when a rich video game designer came in and won $8.5 million over a period of weeks, and threatened their business. Luckily within four months they were bought out for a $100 million profit.
I remember the television show. The owners were called the dot com guys.
all the casinos Downtown still had 25 cent chips
at BJ. I think the min bet was 50 cents. When
that gradually changed people screamed bloody
murder. Oh well. There were some of the really
seedy joints that had 10 cent roulette. Oh boy.
Quote: pacomartinOver the long term, expectation is always in favor of the casino, but over the short term variance could be huge. Blackjack tables in Vegas make $500/day in Downtown, and $1,500/day on the Strip. If they permitted those huge bets over a business quarter it is very possible that their cash flow could be devastated.
The owners of the Golden Nugget describe a situation in 2004 when a rich video game designer came in and won $8.5 million over a period of weeks, and threatened their business. Luckily within four months they were bought out for a $100 million profit.
Quote: 1BBI remember the television show. The owners were called the dot com guys.
It is posted on Tom Breitling's web site to promote his book.
Video#16, episode #14
