New Limits in Dakota Territory
February 25th, 2012 at 3:15:47 PM
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House and Senate in South Dakota have passed legislation raising from One Hundred Dollars to One Thousand Dollars the largest bet that may be allowed in a casino. Once signed by the Governor, the limit will be raised for casinos on State land and by consent the Reservation casinos will abide by it.
One Hundred was the limit since 2002 when it was raised from five dollars.
Note: What was that Travel Channel(?) show about a motorcycle bar in Sturgis?
Start re-running that show and get more people lined up to trek to Sturgis, ... 1,000 dollar limits at whatever casino is nearest.
One Hundred was the limit since 2002 when it was raised from five dollars.
Note: What was that Travel Channel(?) show about a motorcycle bar in Sturgis?
Start re-running that show and get more people lined up to trek to Sturgis, ... 1,000 dollar limits at whatever casino is nearest.
February 25th, 2012 at 3:18:09 PM
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If Colorado follows suit, perhaps the casinos currently in bankruptcy will be solvent in a few years.
February 25th, 2012 at 4:15:29 PM
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Now that's just silly. They could as well go all the way and lift the limit.
I believe the most socially harmful wagers are (if we take as an axiom that some are, else the whole issue is moot) ones $1 and below, as slot addiction, and $50-$1,000, as loss-chasing. Wagers past $1,000 are clear whale territory, and those are the least potentially harmful; whales didn't become whales through poor money management.
I believe the most socially harmful wagers are (if we take as an axiom that some are, else the whole issue is moot) ones $1 and below, as slot addiction, and $50-$1,000, as loss-chasing. Wagers past $1,000 are clear whale territory, and those are the least potentially harmful; whales didn't become whales through poor money management.
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February 25th, 2012 at 4:16:50 PM
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But occasionally a whale is exposed as an embezzler.
February 25th, 2012 at 4:22:16 PM
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Delete
In a bet, there is a fool and a thief.
- Proverb.
February 25th, 2012 at 4:23:30 PM
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Not many casinos consider a $1,000 per bet player a "whale".
A whale is more in the $20,000+ per bet range.
The average bet for a whale at blackjack and baccarat is right around $50,000.
The top Vegas casinos usually have bet limits in the $150-$300k range.
A whale is more in the $20,000+ per bet range.
The average bet for a whale at blackjack and baccarat is right around $50,000.
The top Vegas casinos usually have bet limits in the $150-$300k range.
In a bet, there is a fool and a thief.
- Proverb.
February 25th, 2012 at 4:29:11 PM
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I think it's more like $5.000. Anybody got any solid numbers.
February 25th, 2012 at 4:34:03 PM
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Gamble big--very big--around $100,000 per bet. Australian billionaire Kerry Packer, the world's highest-stakes gambler, bets up to $375,000 per hand while playing seven blackjack hands at a time. His losses once amounted to $20 million in a weekend. Still think you can swim with these sharks?
Read more: How to Get Into the High Rollers Room in Vegas, Baby | eHow.com http://www.ehow.com/how_110690_high-rollers-room.html#ixzz1nRYnUInU
Read more: How to Get Into the High Rollers Room in Vegas, Baby | eHow.com http://www.ehow.com/how_110690_high-rollers-room.html#ixzz1nRYnUInU
February 25th, 2012 at 4:35:57 PM
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There is no way a whale is averaging 5k.
Thats the normal table limit on the main floor a lot of places.
Thats the normal table limit on the main floor a lot of places.
In a bet, there is a fool and a thief.
- Proverb.
February 25th, 2012 at 4:36:45 PM
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Gee, how did socially harmful wagers get dragged into this?Quote: P90the most socially harmful wagers ...
If the post is about a new wine's quality, it has nothing to do with alcoholism or drunk driving.
If a post is about betting limits, it has nothing to do with social harm but only applies to economics, travel trends, etc.
Do gooder Sunday School teachers who want only a five dollar bet limit should have their pension funds invested in casino stocks!
February 25th, 2012 at 4:40:45 PM
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You might get some solid numbers from that guy who organized an Evening Dress and Limousine Trip to the Gold Spike. Dealers there were not used to ladies in Evening Gowns, or gentlemen in Tuxedos, certainly not used to limousines delivering their customers and most definitely not used to seeing multiple Black Chips in play in what is usually a sea of Red and White.Quote: buzzpaffI think it's more like $5.000. Anybody got any solid numbers.
So the moral of all this is that "whale" may just be a very subjective term.
February 25th, 2012 at 5:01:35 PM
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Yes, and the Gold Spike backed them off. One of the reasons I won't play at the Gold Spike. (Not that I'm missing much).Quote: FleaStiffYou might get some solid numbers from that guy who organized an Evening Dress and Limousine Trip to the Gold Spike. Dealers there were not used to ladies in Evening Gowns, or gentlemen in Tuxedos, certainly not used to limousines delivering their customers and most definitely not used to seeing multiple Black Chips in play in what is usually a sea of Red and White.
So the moral of all this is that "whale" may just be a very subjective term.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
February 25th, 2012 at 5:15:24 PM
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Interesting, care to post a link about the Spike backing off players?
Vote for Nobody 2020!
February 25th, 2012 at 5:22:00 PM
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Quote: buzzpaffGamble big--very big--around $100,000 per bet. Australian billionaire Kerry Packer, the world's highest-stakes gambler, bets up to $375,000 per hand
Until 2005 when he died, that is.
"It's not called gambling if the math is on your side."
February 25th, 2012 at 5:23:49 PM
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Did he die a winner ?? LOL
February 25th, 2012 at 5:56:11 PM
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I don't think anyone was backed off, the Floor or Pit said something about give us more notice next time but I don't think anyone's play was discouraged.Quote: bigfoot66Interesting, care to post a link about the Spike backing off players?
February 29th, 2012 at 7:25:28 PM
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There are few people in Deadwood that can afford a bet up to $1000 anyway. This basically just allows for no limit holdem to become legal and a handful of people that bat bigger.
February 29th, 2012 at 9:38:10 PM
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Quote: buzzpaffI think it's more like $5.000. Anybody got any solid numbers.
"Whale" is a subjective term so there are no solid numbers. I think the simplest definition is: A whale is someone whose single trip potential win could significantly affect the revenue of the table games department or casino as a whole over a period of time greater than a month or so.
If you're a tiny, hole-in-the-wall tribal casino with a $10,000/day drop a whale to you could be someone betting $500.
If you're a massive casino in Macau with $10,000,000/day drop a player may need to bet $500,000 to be truly considered a whale.
