Let it ride

I want to know how here in Pennsylvania the casinos can have a $10 minimum on Let It Ride, but have a $50,000 aggeragate max payout. At that you can't even pay fully the minium bet if a person win.

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Also this is standard (actual max payouts vary) across the country, not just PA.

Also your claim would be illegal under PA law. They either must cap at $50k, or at least cover the max payout of the minimum bet at the table, whichever is greater. So never bet more than $15 per spot for this game, imo.

Let It Die

Quote: Ibeatyouraces

A royal with all bets out on a $10 game would pay $30,000.

If you're referring to the addition of the $1 bonus bet (one of the worst bets in the casino) putting that over the $50,000 limit because a royal pays a $25,000 bonus, from what I understand the bonus payouts are not included in the aggregate $50,000 payout. So if you were to bet $15 on each spot and hit the royal with your $1 bet receiving a $25,000 bonus, you would receive the full $45,000+$25,000 for a $70,000 payday.

I was sitting at a table when another guy hit a royal. He had his standard LiR bets up, plus the button and the 3 Card bet. He got paid $50,000. This was at Mohegan Sun Pocono Downs.

I don't recall him complaining. In fact, he tipped the dealers $500 and tossed me a black chip. (I took the money to the $5 WoF and hit for $700.)

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Quote: ChefDz

I want to know how here in Pennsylvania the casinos can have a $10 minimum on Let It Ride, but have a $50,000 aggeragate max payout. At that you can't even pay fully the minium bet if a person win.

Here at HWCC, max payout is $25K, so if you hit the royal with all three bets out and get a $30K payout, you only get $25K of it. Not to mention, they have a progressive side bet that pays $10K for a royal for a $1 bet AND a 3-card bonus side bet, so a $5 bet on that could earn $2,000. In other words, that's a win of $42K and a house savings of $17K. And that's for the table minimum.

They may write my checks, but I'll tell you that playing Let it Ride at my casino is insane. Stick with MS Stud - betting table minimum and 3x across earns $25K at our $5 tables.

I know multiple dealers in Vegas who state after many years of dealing have never observed a Royal in LIR. That alone tells you to take the Royal out of any return expectations. Also most players do not play 100% strategy which is why the house return on this game is close to 15+%.

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Quote: Ibeatyouraces

I've seen one. And in all the commotion, I got $365 in chips while buying in for $265 at a table right next to it. Needless to say I left after this and didn't play.

If you had a +EV play at that table, why didn't you continue? The extra $100 wouldn't have hurt anything.

I saw one LIR Royal at 3am in Biloxi; think it was 1994-95, was definitely at the Grand Biloxi before Harrah's bought them. Very nice woman who had been betting 10/spot plus a white on each for the dealer. She forgot to do it that hand after remembering at least the previous 50 I saw. It took them 45 minutes to clear the table, reviewing the cards, the tapes, everything; none of us moved, we were so scared they'd find a reason not to pay (not that there was one). She was playing the 2 spot with her husband on the 1, I was the 3, there was another guy on the 4. She was also playing the bonus, though there was no 3 card at the time.

She got the whole 50,000, and she tipped the dealer 3000, which is what he would have gotten had she remembered to bet for him. She also tipped each of us a black, because if we hadn't been there, the dealer's cards wouldn't have come out of the deck. She took 5K in cash and the rest as a check.

I had just started playing the game back then, and had no appreciation for how seldom that happens. Her husband said he'd had one about a year before that, but it was her first. It was pretty cool to see. She asked for the deck as a souvenir, but the casino refused, of course. Apparently they send decks that give a big hand off for testing. They looked at each card individually right there, checking for marks/bends/whatever, then sealed the deck in plastic and did a whole chain-of-custody thing.

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I understand the signs but they seem too low and dealers shouldn't take bets they can't pay. Just my thoughts.

In Washington State, the rule (last I checked) was the aggregate had to be enough to cover A) the top payout on a min-bet, or B) 50:1 on a max-bet, whichever is larger. So if the table stakes are $5-300, $15,000 would be the minimum legal aggregate. I'm not certain if the presence of other bonus bets on the table require the aggregate to be bumped up or not. Someone else can weigh in there.

The idea of a player aggregate that doesn't even allow the minimum bet to be paid in full is mind boggling to me.