California card room player-banker

I've never played this game, but I heard when you bank the game, you can cover whatever you want to cover, the corporation banker will cover the rest. If that's true, could you play it in a similar way as loss rebate?

In a blackjack game, Peter bets $100, you bank $100.
If Peter lost, you won $100.
If Peter got a blackjack and should be paid 6:5, you still lost $100, the corporation covers the remaining $20.
Am I wrong?

If that's true, bank a high variance game would be extremely profitable like three card poker, not sure if they allow it.

Yes, if you find a corporation that hasn't adjusted, you can make money doing this. You have to play pretty big though because you will be paying something like $3 to bank. Then, you'll also have to play at least 2 hands (including a $1 ante) to reserve your right to bank again.

I think generally, the corporations have gotten wise to this and now require you to bank certain percentages in order for them to cover the action behind. If you try to cover exactly 100% they will pull out.

If you have the BR, I'm about 95% sure you can still make money simply banking some of the bigger sucker games straight up. For example, UTH, where the player's horrific strategy will give you a big edge.

But it's one of those things. If you do it too much, they'll figure out some way to run you off. You could probably bounce around different casinos on different shifts. But, at that point, if you have that kind of cash, there is probably better stuff to do.

However, let's say you play poker a lot, or are in casinos for other reasons. These kinds of things could be a nice side gig.

The LA area card rooms, at least some of them, have been 86’ing people who try to make a living banking their games. they really only want the corporations consistently doing it at least for large bankrolls. There isn’t an additional ante for side bets, think targeting heavy action on high HE side bets. If it hits though they’re going to be paying 40k or whatever.

Quote: WangSanJose

I've never played this game, but I heard when you bank the game, you can cover whatever you want to cover, the corporation banker will cover the rest. If that's true, could you play it in a similar way as loss rebate?

In a blackjack game, Peter bets $100, you bank $100.
If Peter lost, you won $100.
If Peter got a blackjack and should be paid 6:5, you still lost $100, the corporation covers the remaining $20.
Am I wrong?

If that's true, bank a high variance game would be extremely profitable like three card poker, not sure if they allow it.

Its been 10 years ir so since I played there but dont both sides pay a fee to the casino win or lose?

I remember something like $10-100 pays $1, $101-200 pays $2 etc. Its how the house profits since the are not playing against the players

So in yojr example above the outcone wohld really be Peter bets $100 and pays $1, you bet $100 and pay a $1, whomever wins or loses there has been a combined $2 vig PER HAND!

Peter wins Blackjack and banker covers you make $20 profit minus the $2 commission

The player-banker collection fee is easy to overcome if you don't over cover the table, and people are betting enough high variance bet.

Right, it's only worthwhile when high rollers are playing.
I thought the best strategy is to cover as much as possible. I just realized that cover just enough could be higher EV because players have no chance to lose more than their original bet.

Quote: WangSanJose

Right, it's only worthwhile when high rollers are playing.
I thought the best strategy is to cover as much as possible. I just realized that cover just enough could be higher EV because players have no chance to lose more than their original bet.

Are there different rules for high rollers?

I know extreme low rollers have an egregious fee structure paying $1 for even $2 bets (50% every hand win or lose smh)

But if its $1 per $100 what does it matter if the table is covered

High limit tables charge higher collection to bank the game, never played though.

The collection fee is $1 per bet, $2 for banking the game.
The HE of the game is about 2%
You can bet one round, and bank two round.
so if average action per round is $125 or more, even if everyone plays perfect basic strategy, it's still positive EV to bank the game.

but I wonder what would happen if someone gets a blackjack, does the corporation cover the rest? I should observe more.

Quote: WangSanJose

High limit tables charge higher collection to bank the game, never played though.

The collection fee is $1 per bet, $2 for banking the game.
The HE of the game is about 2%
You can bet one round, and bank two round.
so if average action per round is $125 or more, even if everyone plays perfect basic strategy, it's still positive EV to bank the game.

but I wonder what would happen if someone gets a blackjack, does the corporation cover the rest? I should observe more.

As you have never played I think you are not fully understanding the "range" rules

However rather than go off my memory it just so happens I am physically in Disneyland today and my gf wants to "turn it up" tonight. I am pretty certain I can include a card room visit in those plans

I will confirm and discern the current rules. If you have any questions to confirm now is the time to ask. You have about 20 hours to throw them at me

I just got 86'd myself in the bay area doing this. Did it happen to you as well? Its not legal for them to do this.

Quote: Runlikegod777

I just got 86'd myself in the bay area doing this. Did it happen to you as well? Its not legal for them to do this.

Can you give us more details please?

Also, why are you sure it's illegal to 86 you?

Received a phone call that I am barred from the casino. I asked for details he said I play different than other players and that I am reported to the gaming bureau.

I am pretty sure on this as far as what I have read. The wizard is trying to say they can bar me for acting as bank there. From what I believe the California casinos can not bar you for banking, it is a fundamental right.

Imo, card rooms in california cant not ban you for banking. They can for a multitude of other reasons, none of which I fit. (loud, abusive, inimical)

I don't know what the laws or regulations say. Certainly, the spirit of the law, the basis of the rooms, is that players can bank against each other. To me, it seems like the whole point is to remove the predatory aspect from gambling and let the civilians keep some money.

When I worked for the corporation, I remember a guy giving some big speech about the law. He got 86ed anyway. Whatever the law says, when the casino wants you gone, they'll find a way. The corporation is paying them a lot of money to be there and the casino will always side with them.

I notice you said they called you at home. This is something you need to have a low profile for. As somebody else said, do different shifts and different casinos every time so that nobody really sees you more than once a week or so. Don't stand out in anybody's mind.

Maybe you could also give a bit more action when not banking. Have a drink in your hand. Look like you are having fun.

Quote: Rigondeaux

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Maybe you could also give a bit more action when not banking. Have a drink in your hand. Look like you are having fun.

I actually did start drinking and even buying drinks for players and they tried to use it against me. Yes at the end of day the corp lobbies against casino to ban me.

Quote: Runlikegod777

I am pretty sure on this as far as what I have read. The wizard is trying to say they can bar me for acting as bank there. From what I believe the California casinos can not bar you for banking, it is a fundamental right.

what are your guys thoughts? should i pursue a legal case against the casino? I was playing there for 2 years and making a living banking the game there.

Now in the post corona world, even when the casinos probably return this month what do you think of banking? I would be taking up a spot, the corporation, and the dealer that makes 3 out of the limit of 5 or 6 players per table. Should I just avoid banking until next yearwhen corona is over?