Fausani
Fausani
Joined: Jul 5, 2020
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July 5th, 2020 at 1:27:34 PM permalink
Someone here asked a question about why Baccarat's limits are higher.

Compared to Macau, Las Vegas' Baccarat limits are almost childish.

Las Vegas' limits are mostly capped at $10,000. In some larger places, there are $20,000. That's it, although if a whale asks the limits would probably be raised.

Even Philippines have larger limits. The highest limit for its bigger casinos, Okada, City of Dreams and Solaire, is around 5 million pesos, about $100,000.

Macau's biggest places have table limits up to HKD 2,000,000, about $260,000. They have some strange system (i.e. the maximum aggregate potential loss for the casino cannot exceed HKD 2,000,000 per round, so in theory, if a person bets HKD 10mil on player and another person bets HKD 8,000,000 on banker, that is permissible) but that is significantly larger than USA's limits.

And, of course, they also make accommodation for people who can bet much higher.

That might be why all these US based luxury casinos have built their facilities in Macau since the money there is much bigger.
Marcusclark66
Marcusclark66
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July 5th, 2020 at 2:14:07 PM permalink
There were some of the bigger more luxurious properties mid strip that were up to $25,000 a hand prior to covid-19. On the other hand there are a lot of properties called card rooms in California that were up to $30,000 a hand and they do have a lot of baccarat action in California. One of the Horseshoe properties in the Upper Midwest was at $50,000 Max and likewise another one of their sister properties of a horseshoe in Council Bluffs or the Omaha area was up to $25,000 I believe the minimum was fifty or a hundred, depends on players. Tropicana in Atlantic City a few years ago was also up to $50,000. But nowhere near like Macau like you said.

As far as the bigger players coming in with deposit money, the general rule is 10 times deposit the maximum bet that they want. So if they wanted $100,000 limit they would have to deposit $1,000,000 they are not compelled play anything except the minimum and that would normally be anywhere from $300 to $500 on anything above $25,000.
I must tell you, its super to be here brother. I couldn't care less who wins or loses, I am getting paid every time I step through the door. Itís just wonderful to be in the circus.
ChumpChange
ChumpChange 
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July 5th, 2020 at 2:40:52 PM permalink
So if I wanted a $30,000 maximum bet, I'd have to win 3 sessions of $100,000 then put that at the desk as front money, then I'll be allowed to bet a maximum of $30,000 instead of $10,000?
Marcusclark66
Marcusclark66
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July 5th, 2020 at 3:18:08 PM permalink
Quote: ChumpChange

So if I wanted a $30,000 maximum bet, I'd have to win 3 sessions of $100,000 then put that at the desk as front money, then I'll be allowed to bet a maximum of $30,000 instead of $10,000?



Depends on the property. Some properties do and some properties don't. It depends on many factors such as their personnel, their own rules, regulations and what they allocate towards high limit gaming in the way of tablespace, dealers and floor people. Like I said general industry practice was 10 times the requested limit but every property is not compelled to abide by that. Some would be more, I doubt it and you would find less.
I must tell you, its super to be here brother. I couldn't care less who wins or loses, I am getting paid every time I step through the door. Itís just wonderful to be in the circus.
ChumpChange
ChumpChange 
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July 5th, 2020 at 3:40:51 PM permalink
I've been under the impression the high limit rooms want 25 times the maximum bet as a line of credit at the desk.
Probably need a $500K minimum line of credit just for a $20K maximum bet.
Marcusclark66
Marcusclark66
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July 5th, 2020 at 4:05:49 PM permalink
You can easily find casinos with 20,000 and 25,000, off the street, max bets in Las Vegas as well as California.
I must tell you, its super to be here brother. I couldn't care less who wins or loses, I am getting paid every time I step through the door. Itís just wonderful to be in the circus.
ChumpChange
ChumpChange 
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July 5th, 2020 at 7:20:09 PM permalink
How many times is a casino gonna let me win a million dollars a day before they ban me?
Fausani
Fausani
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July 6th, 2020 at 11:07:10 AM permalink
Quote: ChumpChange

How many times is a casino gonna let me win a million dollars a day before they ban me?



You don't win a million a day. You win $15,000 on Day 1, lose $2,000 in Day 2, win $20,000 on Day 3, lose $4,000 on Day 4, and so on.

If someone brings $10 million and win $1mil a day, the casino will not be alarmed since it is likely that in the next visit the person will drop quite a lot more than $1 mil.
unJon
unJon 
Joined: Jul 1, 2018
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July 6th, 2020 at 11:19:48 AM permalink
Quote: Fausani

You don't win a million a day. You win $15,000 on Day 1, lose $2,000 in Day 2, win $20,000 on Day 3, lose $4,000 on Day 4, and so on.

If someone brings $10 million and win $1mil a day, the casino will not be alarmed since it is likely that in the next visit the person will drop quite a lot more than $1 mil.



First sentence seems accurate. But post goes downhill from there.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
ChumpChange
ChumpChange 
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July 6th, 2020 at 11:35:46 AM permalink
It's kind of hard to do a winning 12 in a row progression from the $24K bet max when the table limit is $25K. If I could bet up to $240K by the 12th win in a row, the casino would demand I have a $6 million line of credit first. The difference between winning $24K 12 times vs winning my progression which pays $960K is significant.
(PS: I only bought in for $40K.)

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