Mosca
Mosca
Joined: Dec 14, 2009
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November 2nd, 2010 at 10:15:41 AM permalink
Quote: Nareed

That would be the six card bonus bet found at Harrah's properties, including Bill's. I didn't know anything about it, but I figured you can't go wrong by assuming side bets are sucker bets. Besides it pays even if you fold the ante/play portion, which just sets off further alarm bells in my mind. As it happened I was right on all counts.



Most players who were playing it were putting up a buck or a nickel. I've watched that buck grind away bankrolls at Caribbean and Let it Ride. I don't mind the carnival games, but you gotta be careful.
NO KILL I
Yoyomama
Yoyomama
Joined: Oct 11, 2010
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November 2nd, 2010 at 10:24:03 AM permalink
Average daily temperatures for December (in Fahrenheit).

http://www.weather.com/weather/monthly/USNV0049?month=1

Enjoy playing BJ at the "Passion Pit" at PH :-P
WizardofEngland
WizardofEngland
Joined: Nov 2, 2010
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November 2nd, 2010 at 10:27:18 AM permalink
Thank you all for the advice so far.
Do you think $6500 is enough to have a good time betting $25 on blackjack? or the pass line in craps?

Or should I just stick to $5 and not be concerned about comps?

I am also looking for $50-80 tourneys, but the PH has a massive $20 admin fee. Any suggestions?
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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November 2nd, 2010 at 10:44:20 AM permalink
Quote: WizardofEngland

Thank you all for the advice so far.
Do you think $6500 is enough to have a good time betting $25 on blackjack? or the pass line in craps?

Or should I just stick to $5 and not be concerned about comps?

I am also looking for $50-80 tourneys, but the PH has a massive $20 admin fee. Any suggestions?



I think it depends on how much you plan on playing BJ versus doing other things. $6500 will get you through many many hours of $25 BJ, but maybe not 8+ hours/day for your whole trip. You *should* only lose about $90/day(.65%*70hands/hour*8hours/day*$25/hand), but with some seriously high variance (which could, of course, make you a winner as well). On the flip side, that much play at $5-$20/hand will probably get you at least a little bit in comps if you choose the lower stakes.

As for the poker, there is a minimum admin fee of about $15-$20 that you'll have a hard time getting under. If that's too much of a proportion of the buyin for you to stomach (and I feel your pain there), then you could consider jumping to the next level of tourney (usually $100-$150) which will have approximately the same admin fee as the $60 games. The more expensive tourneys usually move slower and have more entrants, so on average you really will get more entertainment for your $$ there.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
JerryLogan
JerryLogan
Joined: Jun 28, 2010
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November 2nd, 2010 at 10:45:48 AM permalink
Quote: WizardofEngland

Thank you all for the advice so far.
Do you think $6500 is enough to have a good time betting $25 on blackjack? or the pass line in craps?

Or should I just stick to $5 and not be concerned about comps?

I am also looking for $50-80 tourneys, but the PH has a massive $20 admin fee. Any suggestions?



This is the line that got me: "I have about £4000 to last me the trip (about $6500)."

Walk in expecting to lose and you will probably lose. You should have said "I'm taking about $6500 with me and when I win $2000 I'm quitting for the trip."
WizardofEngland
WizardofEngland
Joined: Nov 2, 2010
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November 2nd, 2010 at 10:50:05 AM permalink
Quote: JerryLogan

This is the line that got me: "I have about £4000 to last me the trip (about $6500)."

Walk in expecting to lose and you will probably lose. You should have said "I'm taking about $6500 with me and when I win $2000 I'm quitting for the trip."



Im not walking in expecting to lose, I just know that every bet I make has a negative exception. If I bet my last $25 on the last day of my trip and I have done everything, and ate and drank well, I will leave vegas a happy man. the wizard said 90% of people walk away losers, but 95% leave happy. I'm buying the experience, Im not attempting to break vegas. Some free meals, and maybe a good upgrade for the last night (or few nights) and I will be back.
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
thecesspit
thecesspit
Joined: Apr 19, 2010
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November 2nd, 2010 at 12:41:52 PM permalink
Quote: WizardofEngland

Thank you all for the advice so far.
Do you think $6500 is enough to have a good time betting $25 on blackjack? or the pass line in craps?



Yes. But...

Quote:


Or should I just stick to $5 and not be concerned about comps?



... you shouldn't increase your bet just to get comps. You can have as much fun betting $10 on those games $25. $5 in the P-Ho may be hard to find. The value of comps is always less than your expected loss. if you want that meal in the restaurant, play at $10 and then go buy it yourself.

Quote:


I am also looking for $50-80 tourneys, but the PH has a massive $20 admin fee. Any suggestions?



The $60-80 tournaments are on the edge of crap shoot level. Pay the extra and have the deeper stacked tournaments (Caesars did some good $125-$150 games). It's two extra Blackjack bets... it should last longer than two hands of black jack...
"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
WizardofEngland
WizardofEngland
Joined: Nov 2, 2010
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November 2nd, 2010 at 12:44:01 PM permalink
Quote: thecesspit

Yes. But...



... you shouldn't increase your bet just to get comps. You can have as much fun betting $10 on those games $25. $5 in the P-Ho may be hard to find. The value of comps is always less than your expected loss. if you want that meal in the restaurant, play at $10 and then go buy it yourself.



The $60-80 tournaments are on the edge of crap shoot level. Pay the extra and have the deeper stacked tournaments (Caesars did some good $125-$150 games). It's two extra Blackjack bets... it should last longer than two hands of black jack...



Thats some great advice. Thanks very much
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
mkl654321
mkl654321
Joined: Aug 8, 2010
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November 2nd, 2010 at 12:44:14 PM permalink
Quote: WizardofEngland

Do I get tax free winnings? In the UK gambling is 100% tax free. Do I need to fill out a form for this?



In terms of comps, which the prior poster was referring to, SALES tax (like your VAT) isn't paid on comps. So a $20 meal, that would have an additional, say, $2 in tax added to it if it was paid for in cash, would only cost $20 in "comp dollars". That's why you come out slightly better using comps to pay for rooms, meals, etc. whenever possible, rather than paying for them in cash.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
soulhunt79
soulhunt79
Joined: Oct 8, 2010
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November 2nd, 2010 at 12:45:12 PM permalink
Quote: WizardofEngland

Thank you all for the advice so far.
Do you think $6500 is enough to have a good time betting $25 on blackjack? or the pass line in craps?

Or should I just stick to $5 and not be concerned about comps?

I am also looking for $50-80 tourneys, but the PH has a massive $20 admin fee. Any suggestions?




First this is an extremely old list. http://www.allvegaspoker.com/tournaments.php However it should give you an idea of what casinos have games in the range you are looking for. Simply google the casino and on the casinos web page will be listed the active tournaments. I was looking for some myself and found most in that price range to have a 20-25% admin fee.


Two strategies I would consider on table limits.

1) Play at lower limits for the first few days. If you are doing ok, then at that time you can decide if you want to move up to higher limits. Again don't do so solely for comps, but because you actually want to risk that much betting.

2) Play for 2-3 hours at $25 tables each day and then decide what to do for the rest of the day. If you are holding your own, you can continue on those tables, otherwise head to lower limits. I will say you don't need to start the day at $25s either. Nothing stopping you from playing $5 all day long and then the last 2 hours you trying some higher limits.

Both of those assume you are able to actually stick to what you decide. I would guess this is in the minority for anyone that head to vegas. The thing you want to avoid is thinking of ways on how to win the money back. That is the point in which you give up on $5 games completely and only play $25 games because you want that quick return.



A few tips that I try and follow anytime I'm out there.

1) Set a daily limit. It is much easier to tell yourself to quit gambling for the day when you see your wallet is empty. You have tomorrow to look forward to and a brand new daily limit.
2) Set a loss limit on a table. For me this is whatever I buy in. The only thing I'm trying to prevent here is that I buy in 3 times for $200, I'm sitting there with $500 and I start betting a lot more than I should simply because I have $500 sitting in front of me. Never buying in more than once means I never have that much out there unless I'm up quite a bit.
3) Set a Win Limit. You can get up go to the cashier and sit right back down at another table. Most people will increase their bet size when they are winning. Leaving and resetting your chip stack avoids this. Obviously there may be reasons in poker where this is actually a bad thing to do. :)
4) Break up your play. Simply walking from table to table or casino to casino may mean you are playing 25-30% fewer hands.

By no means am I suggesting they are for everyone. I even modify these when I'm going along with friends and we all sit at the same table. Really I think the best rule for anyone that wants to make their money last is to break up their play. You will never notice that you only played blackjack for 6 hours combined instead of 10 hours strait at one table. This alone means you bet half as much money.


For me it is all about the little things. Getting up from a table knowing I just took $100 of the casino's money is a good feeling. I know in the end they will get their money. I just want to win a few battles along the way. I also don't want to get up from a table thinking I should have left 2 hours ago. :) If you take the wins when you get them, you should have a reasonable chance of coming back with at least some money.

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