6:5 is the new 3:2

Quote: Ibeatyouraces

And it doesnt matter how much you educate these players, but they will still go for the lower limit and worse odds.

They consider themselves pretty well educated already. They look primarily at the minimum bet. They can not evaluate the dollar difference between 6:5 and 3:2 on a meaningful basis. And besides... they are often more interested in the dealers 38 than in their 21 anyway.
Heck, people gather round a double zero wheel when there is a single zero wheel but steps away from them. Education?
Thats what they are going to give when they use their winnings to take some good looking young hooker up to their room. Gonna happen very next hand, soon as this nutcase talkin' 'bout 3:2 goes away.

I doubt most gamblers even understand the concept of house edge.

Quote: HKrandom

I doubt most gamblers even understand the concept of house edge.

As a definable and selectable quantity? No. I don't think so. With the mindset that "all games are in the house's favor" and "its entertainment" the concept of a Favorite versus a Long-Shot is blurred. It all becomes a do whatever you want. Look for patterns in Four Card Video Keno but don't focus on the 8.03 percent house edge, spin after spin after spin being an insurmountable obstacle. It is simply select a machine that faces South and go for it!

Quote: mkl654321

Are the flocks of sheep at the 6:5 tables there because they don't know any better, because they don't care, or because they have seen nothing but 6:5, so they think that's the norm?

Partly because they don't know any better, but primarily because they have seen nothing but 6:5 at their price level.

I'd much rather play $5 6:5 Blackjack for an hour than $10 3:2 Blackjack. I, like many other people, just tip the excess when I get a Blackjack. Let's say I get 2.5 an hour, I play for two hours. On a 6:5 table, I'm tipping $5 for those two hours. On a 3:2 table, I'm tipping $12.50 for those two hours. Knowing me, I'd probably keep one of the tips for myself, and just tip $10 total.

So, the cost to me is $2.50. The decrease in variance is worth it. Since I will only play for 1-2 hours on a trip max, I couldn't care less. Maybe there are others like me out there?

Quote: FinsRule

I'd much rather play $5 6:5 Blackjack for an hour than $10 3:2 Blackjack. I, like many other people, just tip the excess when I get a Blackjack. Let's say I get 2.5 an hour, I play for two hours. On a 6:5 table, I'm tipping $5 for those two hours. On a 3:2 table, I'm tipping $12.50 for those two hours. Knowing me, I'd probably keep one of the tips for myself, and just tip $10 total.

So, the cost to me is $2.50. The decrease in variance is worth it. Since I will only play for 1-2 hours on a trip max, I couldn't care less. Maybe there are others like me out there?

In the sense that there are quite a few people out there who, like you, for whatever reason, don't care if they're getting reamed, I'd say yes. It's the same reason that the gas station that charges $3.30 a gallon stays in business, even though the station across the street is selling it for $3.10.

Your particular reason for tolerating getting a bad deal is valid as far as it goes, but someone playing $5 6:5 is paying four times as much to the house as someone playing $10 3:2, and that would bother me even if my playing session was short--for the same entertainment, I'm coughing up much more money. (And whether you or I choose to tip with the difference isn't relevant.)

Last trip I noticed the Fermont offered only 2X odds on craps. Several casinos nearby offered better, including Main St. Station which offers 20X (with the same player card as Fremont, BTW). And yet the craps table was usually packed. I remember asking "Why are these people playing craps here at all?"

But that only reminded me of other questions I often ask myself. "Why is someone going up getting into an elevator going down?" "Why is it when the waiter shows up with the food, the guy who ordered steak indicates the chicken is for him?" "Why is that idiot in front of me not moving 3 seconds after the green light came on?"

If anyone knows, I'd appreciate an asnwer.

x2 over x20.... because they only intend to play double odds on their bets anyway. x2 or x20 is all the same to me, I only over play $5 minimum with $10 odds behind anyways.

Though I'd always play in Main Street, as I love that casino's atomosphere... and beer.

Quote: mkl654321

(And whether you or I choose to tip with the difference isn't relevant.)

I disagree that it isn't relevant. If I only tip whatever I get above even money when I get a blackjack, and I only tip when I get a blackjack, then it's very relevant.

Basically, I don't care if the house is paying 6:5 or 3:2, because they're going to suffer in the form of getting dealers who get less tips. Then the good dealers will go to places where they get tipped better, and the 6:5 casino will suffer in the form of bad/sloppy dealers.

Economics.

Actually, it can work both ways.

My wife will tip whenever she gets a pink chip. But she doesn't always bet odd numbers, so she doesn't always get the pink when she hits a BJ.

However, if she's at a 6:5 table, she'll be getting whites almost every time she gets a BJ. So she might tip more.

Then again, she odes play those sucker bets, so maybe she'll keep them to bet the side bets, and won't be tipping as much.

Now that I think about it, for these reasons, she may actually perfer 6:5!


On a side note, when were were in CT recently, we went to Foxwoods first for a few hours. She his a slot hand-pay and tipped $30 - because it was Christmas Eve. When we got to Mohegan Sun, she asked the desk clerk about a room upgrade. We got it, and she tipped the desk clerk $5.


Sometimes I have no idea what the heck she is thinking...