The reason I ask is that I was recently playing at the Borgata in Atlantic City (and I apologize for bringing up AC on this Vegas site but I wasn't sure where else to pose the question), which officially offers 5x odds on all points, but a player next to me was betting $15 on the pass and then $125 odds. He explained to me, and the dealer agreed, that for bets of $15, they allowed $125, and for bets of $30, they allowed $250 in odds. The dealer said something about this being allowed because it was better for the house, which would normally be a good explanation for any casino behavior, but in this case it didn't make sense given that the odds have no house edge. I did not get into the details but my understand was that, for example, a $25 bet would only be allowed odds up to $125 rather than any extra amount.
Is this something that happens elsewhere, and can anyone explain this practice on the casino's part? The dealer also mumbled something about them being rounded up to the next "even" number or something like that (not even in the 5/9 sense), which also didn't make much sense to me since figuring out the math on paying a $75 odds bet is no harder than on a $125 odds bet.
BTW: Don't worry about posting AC stuff here.
There's a lot of conversation about specifics in casinos outside of Vegas. Most of it applies to all casinos, and whatever doesn't is still interesting to serious gamblers like most members here.
Something that I read in Tom Breitling's book, Double or Nothing, stuck with me. He told a story of an well liked gambler that came into the Golden Nugget and said he wanted to play big. The house offered him special odds in craps.
I get the impression that the Gaming Control Board gives casinos wide latitude in how many free odds they can give in craps. It also sounds like they don't care about the posted limits. In a similar manner the casino can break their maximum posted bet on a case by case basis.
My guess is that the Borgata simply gives the pit boss the freedom to increase odds to attract green chip players. Instead of advertising it, they give permission on a person by person basis. They know that most people who observe it happening don't have the bankroll to be throwing down bets of that size.
I also assume that if anyone comes in and asks specifically, they will give them the higher odds. They wouldn't want to get wrapped up in some kind of lawsuit for treating people differently.
I don't know what the maximum on the table was, but I'm willing to bet it $1000 to $2000.
I tried the same thing on another day with another crew at the same casino; I was eyeballed pretty good and had to up my passline bet to up the odds. Of course, I lost the come out advantage when I did that.
Quote: cclub79For the $15 pass, they will let you go to 100 on the 5/9 and I think 125 on the 6/8, but only 75 on the 4/10.
So that would be a uniform $150 payment on max odds regardless of which point hits. That would simplify dealer error and surveillance problems.
What would make sense for either a $25 or a $30 P/L bet would be to limit odds to $150,$200,$250 so that the odds payout is exactly $300.
If no one gets confused about amounts, then offering 75/100/125 and 150/200/250 reduces the number of chips that need to be counted to pay out, and encourages high-odds players to move to amounts which can be calculated and paid out more quickly, as an earlier poster noted, which makes sense to me.
I wonder what they do with scaling it up to a $60 P/L bet? Scaled it would be 3,4,5, black chips with a pay off "6 black chips" on the odds plus $60 for original bet.
Do they just revert to the 5X odds where you would alway bet $300 odds and get $600, $450 and $360 + $60 original bet? If the money gets larger are they unwilling to grant those bonus "free odds".
The best way to understand why casinos do this is to imagine a craps table with a $3 minimum and single odds.
For the 4/10, a $3 line bet = $3 odds. Since the odds pay 2:1, there is no need to make it anything different.
For the 5/9, odds should be in even amounts. So $3 bet can go up to $4 odds.
For the 6/8, odds should be in multiples of 5, so a $3 line bet goes up to $5.
A $15 game is largely the same thing, just with different denominations of cheques, so the odds become $15, $20, and $25, respectively. Now just multiply everything by 5, for 5x odds, and voila--the reason for the increased limits.
Basically, everything after that derives from the number of units bet--$15 line bet=3 red cheques, which can go to 3, 4, or 5 units on the odds. Simply multiply everything by the odds multiple in question to get the limits. Similarly, a $5 line bet is thought of as 5 units--which goes to 6 units on the 5/9 to make it even, or $30--$25 on the other numbers.
Generally breakage is only used with 5x odds, and only if it needs to be. On a $10 flat bet, for example, players can only go to $50 across the board--because $50 works for all the payouts. With 3-4-5x odds that most Vegas casinos use, it's not an issue. Same goes for 10x odds--just add a zero to the flat bet and it works for all numbers--much simpler!
This seems also to be mainly an Atlantic City thing, as well. At the Sahara, where they have 5x odds, I tried putting $30 behind a $5 line bet, but the dealer would only let me add an extra dollar on top ($26).
Quote: OneAngryDwarfAh, breakage bets...the thing that has made many a new craps dealer's head spin (inclding mine).
The best way to understand why casinos do this is to imagine a craps table with a $3 minimum and single odds.
For the 4/10, a $3 line bet = $3 odds. Since the odds pay 2:1, there is no need to make it anything different.
For the 5/9, odds should be in even amounts. So $3 bet can go up to $4 odds.
For the 6/8, odds should be in multiples of 5, so a $3 line bet goes up to $5.
A $15 game is largely the same thing, just with different denominations of cheques, so the odds become $15, $20, and $25, respectively. Now just multiply everything by 5, for 5x odds, and voila--the reason for the increased limits.
Basically, everything after that derives from the number of units bet--$15 line bet=3 red cheques, which can go to 3, 4, or 5 units on the odds. Simply multiply everything by the odds multiple in question to get the limits. Similarly, a $5 line bet is thought of as 5 units--which goes to 6 units on the 5/9 to make it even, or $30--$25 on the other numbers.
Generally breakage is only used with 5x odds, and only if it needs to be. On a $10 flat bet, for example, players can only go to $50 across the board--because $50 works for all the payouts. With 3-4-5x odds that most Vegas casinos use, it's not an issue. Same goes for 10x odds--just add a zero to the flat bet and it works for all numbers--much simpler!
This seems also to be mainly an Atlantic City thing, as well. At the Sahara, where they have 5x odds, I tried putting $30 behind a $5 line bet, but the dealer would only let me add an extra dollar on top ($26).
Finally the right answer! I still am having a little trouble figuring out higher numbers. What's an easy way to figure out, say $65 on the line?
Actually, it is always 5%, but rounded down for bets that don't divide evenly. For example, $35 but costs $1, but $40 costs $2.Quote: ahiromu...Such as with "buy" bets - you can get 4% on 25,50,75 until you hit 100 then it jumps back up to 5%.
Quote: cclub79Finally the right answer! I still am having a little trouble figuring out higher numbers. What's an easy way to figure out, say $65 on the line?
I'm told it varies a bit from place to place, but at the house I work at, the bet is rounded up to the next whole unit to determine the odds. So $65=2 green and 3 red, next closest is 3 green, or $75. $75 can go to $500 (3 units to 4, or $100 x 5) on the 5/9, and $625 (3 going to 5, or $125 x 5) on the 6/8.
There is NEVER breakage on the 4/10, it's always just a straight multiple. So $65 can go to $325 on those numbers.
This is actually a way to sneak around the odds limits that very few people will take advantage of. For example, as I mentioned, a $10 bet can only go to $50 across the board, but if you add one more dollar on top to make it $11, it's treated the same as a $15 bet for odds purposes! This means you can take $100 and $125 on the 5/9 and 6/8, respectively--well over 10 times the bet.
Just be sure to tip the dealers a little more if you decide to do this because you're creating a bit more work for them :-)
Quote: bgriffinThanks for your insights on this rule. I'm still a bit confused, though. Say a $20 line bet: does that only get $100 odds regardless of point, since $100 is a nice round number (like $50 odds on the 10)? In that case, the $15 player gets to take more odds on a point of 6 or 8 than a $20 player does. What about a $16 line player? Do they jump all the way up to the $150/200/250 odds offered to a $30 line player (which is more than a $20 bettor can wager regardless of point)?
I agree, it is very confusing how you would scale these odds. You either have to keep with the jumps, or just tell your player to either reduce their $20 P/L to $15. Another option is that with $20 you go with $100, $100, $125.
Quote: pacomartinAnother option is that with $20 you go with $100, $100, $125.
This is correct. $20--or 4 units of red--stays at 4 units on the 5/9, because there is no need to round up, while on the 6/8 it would go up to 5 units. Yes, this does mean that it makes more sense to just bet $15 on the line.
Harrahs, Flamingo, Imperial Palace, and Bill's Gamblin' Hall & Saloon.
Combined with the eat at the buffets until you bust promotions it might help define the place as more of a gambling zone for craps players.
Quote: pacomartinHarrah's should adopt that policy for their block of low cost hotels.
Harrahs, Flamingo, Imperial Palace, and Bill's Gamblin' Hall & Saloon.
It wouldn't be a bad idea.
But Harrah's actually having player-friendly rules? Probably not happening.
Quote: OneAngryDwarfIt wouldn't be a bad idea.
But Harrah's actually having player-friendly rules? Probably not happening.
Especially not since they started tricks like paying 14 to 1 on yo and requiring minimum odds to match the table minimum--including for don't players.
Quote: SanchoPanzarequiring minimum odds to match the table minimum--including for don't players.
what does this mean?
if the table minimum is $10 and you bet $10 on the passline, then you cant make like a $5 odds bet?
Quote: pacomartinHarrah's should adopt that policy for their block of low cost hotels.
Harrahs, Flamingo, Imperial Palace, and Bill's Gamblin' Hall & Saloon.
Combined with the eat at the buffets until you bust promotions it might help define the place as more of a gambling zone for craps players.
Also, I don't know that either typical Harrah's customers nor Harrah's dealers could handle this rule, and I suspect that Harrah's being as corporate as they are would never stand for a system which is far too complicated to be explained on a little rules plaque that sits on the side of the table.
Quote: OneAngryDwarfIt wouldn't be a bad idea.
But Harrah's actually having player-friendly rules? Probably not happening.
I have to slightly disagree since Bally's in AC (Harrahs) is the only one in town that goes to 10x (recently 100x) odds. Paco, rather than adopting these "odd" odds rules, they could just go to 10x. Much easier and actually more beneficial to the players.
Quote: cclub79I have to slightly disagree since Bally's in AC (Harrahs) is the only one in town that goes to 10x (recently 100x) odds.
Ballys Web site continues to advertise 10X and $10 tables. There is no indication anywhere outside that they are offering anywhere near 100X.
As for the rule that several pit bosses/box people at Ballys LV, Don't bettors had to lay odds that would pay off a minimum of $10. This was learned when I tried to lay $12 against a 5 on the Don't Come. Nobody could understand it, and nobody in Atlantic City seems to have heard of it. One of those pit/box guys at Ballys LV, said he was a don't player, and when I said it wouldn't be so bad if we were at least rated on the odds bet, he said they actually could and did do that.
http://entertainment.webshots.com/photo/2241051360106501920MUVXqp
Quote: cclub79I believe it's just Wild Wild West at 100x for now. Check out this pic I took of the mailer.
Is it possible you got one of those special mailers because of your playing record? Maybe you are Diamond, Platinum or that new Titanium-Vanadium combination.
Quote: SanchoPanzaIs it possible you got one of those special mailers because of your playing record? Maybe you are Diamond, Platinum or that new Titanium-Vanadium combination.
I am a Diamond, but I'm pretty sure different playing rules based on your level would run afoul of the CCC.