Null
Null
Joined: Feb 5, 2012
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February 5th, 2012 at 4:37:03 AM permalink
Hello,

In the scenario where one decides to make an extremely high bet, such as 100k+, where should they play it? The banker bet at Baccarat? Blackjack (using basic strategy, except obviously by making one bet, doubling/splitting would not be possible)? Or somewhere else?
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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February 5th, 2012 at 5:36:57 AM permalink
Quote: Null

Hello,

In the scenario where one decides to make an extremely high bet, such as 100k+, where should they play it? The banker bet at Baccarat? Blackjack (using basic strategy, except obviously by making one bet, doubling/splitting would not be possible)? Or somewhere else?



Banker bet only yields 95K, so if your goal was to 'double up' then a second bet would be required. Blackjack is definitely out, because if you don't have enough money to split or double you are NOT playing basic strategy. I believe the don't pass bet is the best single 'double up' bet in the regular casino.
FinsRule
FinsRule
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February 5th, 2012 at 5:48:10 AM permalink
Definitely depends on what your goal is. $1000 on pass or don't pass with 100x odds is probably the way to go.
Null
Null
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February 6th, 2012 at 4:02:33 PM permalink
Quote: SOOPOO

Banker bet only yields 95K, so if your goal was to 'double up' then a second bet would be required. Blackjack is definitely out, because if you don't have enough money to split or double you are NOT playing basic strategy. I believe the don't pass bet is the best single 'double up' bet in the regular casino.



Thank you for the correction about how it is not basic strategy. I guess to rephrase it, from playing blackjack (being able to split/double for Basic strategy, not counting), banker in baccarat, and the don't pass bet (I am not familiar with craps; I am currently making myself familiar with it), are they all relatively close in house edge? What makes one more favorable for a high double up or go broke play?
SOOPOO
SOOPOO
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February 6th, 2012 at 5:03:11 PM permalink
Quote: Null

Thank you for the correction about how it is not basic strategy. I guess to rephrase it, from playing blackjack (being able to split/double for Basic strategy, not counting), banker in baccarat, and the don't pass bet (I am not familiar with craps; I am currently making myself familiar with it), are they all relatively close in house edge? What makes one more favorable for a high double up or go broke play?



If you eliminate the advantages of doubling down, splitting, and 3:2 payout from a blackjack, you win far fewer than 50% of the total hands played at blackjack. So house edge in BJ if you are not taking advantage of doubling, splitting, and the bonud for BJ is probably 7 or 8 %. Banker in baccarat is not an even money bet. You pay a 5% commission on your win. So although banker will win slightly more than 50% of the time, you are not actually doubling up. Either the pass line, or don't pass bet, give abouta 1 1/2 % edge to the house. The don't pass is trivially better. The best bet would be the one with the highest chance for success. Since banker at baccarat requires a second bet to double up it is by definition not a single bet to double up. So, as i answered earlier, I believe that the don't pass bet has the lowest house edge of the 'double up' type bets.
kauboj
kauboj
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February 6th, 2012 at 6:03:20 PM permalink
Well if you put 100k on the banker in baccarat and win and get 95k well damn thats more than i make in a year.. RUN RUN RUN AWAY and dont look back who cares if you didnt quite double up. can be said the same for pow gwai. take the money and run
charliepatrick
charliepatrick
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February 6th, 2012 at 6:44:04 PM permalink
Assuming you're going to continue if there's a tie I think (using the figures on the site and some back of cigarette packet calcs)

Bacarrat "Player" Win=446247 Lose=458597 Ignore Ties --> 98.635% payback
Craps Dont Win=949 Lose=976 Ignore Ties --> 98.597% payback
Roulette UK Even Win=18 Lose=18 Lose 1/2=1 --> 98.649%
(The problem here is you have to leave the money running after a Lose 1/2, so the end percentage is less.)

It's close but Baccarat seems slightly better (also you don't get to hate the shooter if he causes you to lose!).

As easier way to think it is imagine you bet both sides and see how many turns it takes to lose one unit (ignoring Ties).
1 in 74: Roulette loses 1 every 37 spins (74 bets) (when zero comes up both bets lose 1/2.)
Craps loses about 1 every 36 throws (72 bets) (when Aces comes up the Pass loses, all other times the Pass or Don't Pass pay each other).
Bacarrat loses about 1 every 40 hands (80 bets) (i.e. if you bet both sides 40 times [there was a result] (total bet 80), you'd eventually lose commission of 5% just over 20 times when the banker wins = 1 bet).
Null
Null
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February 6th, 2012 at 7:56:13 PM permalink
Haha Kauboj, I feel the same way.

Well, I'll definitely listen to the numbers; thanks for the input.
thefish2010
thefish2010
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February 23rd, 2012 at 2:47:41 PM permalink
Quote: Null

Hello,

In the scenario where one decides to make an extremely high bet, such as 100k+, where should they play it? The banker bet at Baccarat? Blackjack (using basic strategy, except obviously by making one bet, doubling/splitting would not be possible)? Or somewhere else?



First, you cannot walk in off the street and bet $100k, at least in any casino in Vegas. The posted max at baccarat in large casinos is $20,000. If you have a large bankroll ($500k+) they'll let you go higher than that, but you'll never be allowed to go higher than the posted max in the scenario you are discussing. The answer to your question is the Banker bet on baccarat. While blackjack has a much lower edge, without a bankroll of 8x your bet (to cover the possibility of splits and doubles) you are playing at a huge disadvantage. An added benefit of the banker bet for a one-shot wager is that it is one of the only bets that wins more often than it loses, which is exactly what you want in this scenario. Of course, you'll pay a 5% commission for the privilege, but you only pay it if you win.
teddys
teddys
Joined: Nov 14, 2009
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February 23rd, 2012 at 2:50:19 PM permalink
Quote: thefish2010

First, you cannot walk in off the street and bet $100k, at least in any casino in Vegas. The posted max at baccarat in large casinos is $20,000. If you have a large bankroll ($500k+) they'll let you go higher than that, but you'll never be allowed to go higher than the posted max in the scenario you are discussing.

For what it's worth, I was in Caesars Windsor this weekend and their posted max on the main floor is $50,000, even on craps. That is higher than anything I've seen in Vegas. Keep in mind this wasn't even high limit.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4

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