WangSanJose
WangSanJose
Joined: May 2, 2012
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March 5th, 2019 at 1:00:47 AM permalink
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.
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Rigondeaux
Rigondeaux
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Ayecarumba
March 5th, 2019 at 5:08:45 AM permalink
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.
mcallister3200
mcallister3200
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Runlikegod777
March 5th, 2019 at 5:45:35 AM permalink
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.
darkoz
darkoz
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March 5th, 2019 at 7:05:18 AM permalink
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
For Whom the bus tolls; The bus tolls for thee
WangSanJose
WangSanJose
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March 5th, 2019 at 5:21:15 PM permalink
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.
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WangSanJose
WangSanJose
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March 5th, 2019 at 5:26:24 PM permalink
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.
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darkoz
darkoz
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March 5th, 2019 at 7:03:45 PM permalink
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
For Whom the bus tolls; The bus tolls for thee
WangSanJose
WangSanJose
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March 6th, 2019 at 12:58:14 AM permalink
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.
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darkoz
darkoz
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March 6th, 2019 at 1:58:09 AM permalink
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
For Whom the bus tolls; The bus tolls for thee
Runlikegod777
Runlikegod777
Joined: Oct 15, 2017
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November 19th, 2019 at 5:01:49 AM permalink
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.

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