Poll

10 votes (27.02%)
1 vote (2.7%)
No votes (0%)
No votes (0%)
No votes (0%)
8 votes (21.62%)
1 vote (2.7%)
2 votes (5.4%)
23 votes (62.16%)
2 votes (5.4%)

37 members have voted

buzzpaff
buzzpaff
Joined: Mar 8, 2011
  • Threads: 112
  • Posts: 5328
September 22nd, 2012 at 3:43:24 PM permalink
" If you play 100 hands per hour you're renting the chair for a whopping $25 per hour."

And the $25 player, 1 % HE, whopping $25 an hour. I found the chairs at both tables to be equally cushioned !
1BB
1BB
Joined: Oct 10, 2011
  • Threads: 18
  • Posts: 5339
September 23rd, 2012 at 4:00:50 AM permalink
Okay but I'm assuming our friend Gambit55 plays perfect basic strategy which means he can play that $25 game against a house edge of .42%. His hourly loss is $10.50 per hour. That's less than half a unit and unlike the ante every dollar on the felt has the potential to win.

Not so at the $1.00 ante table. With a house edge at .66% the perfect basic strategy player will lose 66 cents per hour PLUS the $25 rent. The player is losing 26 units per hour and more than twice the money of our green chipper.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
Tiltpoul
Tiltpoul
Joined: May 5, 2010
  • Threads: 32
  • Posts: 1573
September 23rd, 2012 at 6:54:49 AM permalink
Quote: 1BB

Not so at the $1.00 ante table. With a house edge at .66% the perfect basic strategy player will lose 66 cents per hour PLUS the $25 rent. The player is losing 26 units per hour and more than twice the money of our green chipper.



So the customer who is EXPECTED to lose $10.50 an hour at the much better $25 table is better off than the person who is GUARANTEED to lose $25 in the same hour...

Now let's consider a budget of $125. On the $25 table, all it takes is a streak of 5 bad hands to wipe away the bankroll completely. Losing 5 hands in a row on BJ is a relatively common occurrence; hell, I've lost more than 12 in a row. At the $1 table, the player would only be down roughly 6% of the bankroll and can continue playing...

I understand what you are saying, 1BB. The $1 table is a bad bet, but there are customers who want to bring a small amount of money and feel like they are getting a good amount of play. Even a $5 table can drain a small bankroll fast, and the $1 table, while worse, makes the money last longer. There is no argument there.
"One out of every four people are [morons]"- Kyle, South Park
1BB
1BB
Joined: Oct 10, 2011
  • Threads: 18
  • Posts: 5339
September 23rd, 2012 at 9:08:56 AM permalink
Quote: Tiltpoul

So the customer who is EXPECTED to lose $10.50 an hour at the much better $25 table is better off than the person who is GUARANTEED to lose $25 in the same hour...

Now let's consider a budget of $125. On the $25 table, all it takes is a streak of 5 bad hands to wipe away the bankroll completely. Losing 5 hands in a row on BJ is a relatively common occurrence; hell, I've lost more than 12 in a row. At the $1 table, the player would only be down roughly 6% of the bankroll and can continue playing...

I understand what you are saying, 1BB. The $1 table is a bad bet, but there are customers who want to bring a small amount of money and feel like they are getting a good amount of play. Even a $5 table can drain a small bankroll fast, and the $1 table, while worse, makes the money last longer. There is no argument there.



It's up to the player to come to the table with the proper bankroll but sure if to one wants socialize and wants their money to last longer they should go ahead and do what makes them happy while disregarding the end results. It's entertainment right? Go to an ante table and ask anyone how much it is costing them. They will have no idea. I'm just trying to help people make informed decisions.

My wife and her girlfriends would play the CSMs at Mohegan Sun before they were removed even though they were H17 because they were always $5 minimums. I had no problem with that but I made darn sure they were informed.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
Gambit55
Gambit55
Joined: Sep 20, 2012
  • Threads: 1
  • Posts: 48
September 23rd, 2012 at 7:23:18 PM permalink
One thing that has been left out for $1 tables is you can avoid the 25 cent hand fee by playing 6-10 dollars.

However, the $10 maximum does make for limited profit spread, but you pretty much expected that by attempting to endure a $1 BJ table!
1BB
1BB
Joined: Oct 10, 2011
  • Threads: 18
  • Posts: 5339
September 24th, 2012 at 1:17:41 PM permalink
Bring a $300 bankroll, flat bet $6 and you could last all day maybe even a weekend. Try that with a $1 bet and the ante and see how long the money will last.

I'd like to wish everyone a very happy National Punctuation Day!!!!!!!!!??????:::";;;;:,,,,!!!!!!!!
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
SanchoPanza
SanchoPanza
Joined: May 10, 2010
  • Threads: 34
  • Posts: 3489
September 24th, 2012 at 5:48:03 PM permalink
Quote: s2dbaker

Since the owner of Resorts just keeled over, I'm going to go with Resorts.


Dennis Gomes had a big real estate mogul behind him, Morris Bailey.
s2dbaker
s2dbaker
Joined: Jun 10, 2010
  • Threads: 51
  • Posts: 3259
September 24th, 2012 at 6:02:04 PM permalink
Quote: SanchoPanza

Dennis Gomes had a big real estate mogul behind him, Morris Bailey.

Now that Resorts has brought in the Mohegans, I think they're safe for now. I'm going to be there on October 5th (but staying at Bally's)
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
SanchoPanza
SanchoPanza
Joined: May 10, 2010
  • Threads: 34
  • Posts: 3489
September 25th, 2012 at 5:40:38 AM permalink
Quote: s2dbaker

I'm going to be there on October 5th


So will I. Lately they've been running Mr. $50's table longer and longer, although one pit boss told me that he was trying to go to just $25, at least until the codger complained. It gets a little crowded when they don't operate the third table.
pacomartin
pacomartin
Joined: Jan 14, 2010
  • Threads: 649
  • Posts: 7895
November 4th, 2012 at 1:28:12 AM permalink
September Table Games Revenue
$77,578,729 - Atlantic City
$59,301,910 - Pennsylvania

In addition Sands PA came within 1/2% of AC Ceasars for table games. Only Ceasars and Borgata make more money in table games now.

With the AC casinos being closed for Sandy, October will certainly be the first month that PA beats NJ in table game revenue. It will probably take another year before it happens without a storm (assuming nothing stops the NJ collapse).

  • Jump to: