Ask the Wizard: |
Casino table games (in general) |
See also questions I've answered about dealer errors and misdeals.
Why is it that dealers at craps tables are very reluctant to color
up your chip stack, unless you are leaving the table? Although I've never had a dealer outright refuse to do so, they often begrudgingly comply with a wise or snide comment, as though I were asking too much of them. — Ron from State College
This is true of all table games, not just craps. The policy against coloring up, except when leaving, comes down from management, so don’t blame the dealers. A good dealer is supposed to keep the player well armed with chips at the level he is betting. Coloring up goes against this purpose. It will lead to chip shortages, causing the player to ask to break down the big chips, which wastes time. There may also be an unstated purpose that the player will be unlikely to bet the big chip. October 7, 2008
Hi, I have developed a card game I believe would be ideal for casino use. I am about to put a patent on it. I need to know how to get it into a casino. I think I need to find someone to partner me. — Richard from Brisbane, Australia
I would like to know the decisions per hour in particular for the poker games: Three Card Poker, Caribbean Stud, and Let It Ride. Thank you. – Giorgio I. from San Juan
Please see the following table. This table also shows the house edge assumed for player rating purposes. My source is an executive with a major Strip casino here in Vegas, who wishes to remain anonymous.
| Hands per Hour and Average House Edge |
| Games |
Hands/Hour |
House Edge |
| Baccarat | 72 | 1.2% |
| Blackjack | 70 | 0.75% |
| Big Six | 10 | 15.53% |
| Craps | 48 | 1.58% |
| Car. Stud | 50 | 1.46% |
| Let It Ride | 52 | 2.4% |
| Mini-Baccarat | 72 | 1.2% |
| Midi-Baccarat | 72 | 1.2% |
| Pai Gow | 30 | 1.65% |
| Pai Pow Poker | 34 | 1.96% |
| Roulette | 38 | 5.26% |
| Single 0 Roulette | 35 | 2.59% |
| Casino War | 65 | 2.87% |
| Spanish 21 | 75 | 2.2% |
| Sic Bo | 45 | 8% |
| 3 Way Action | 70 | 2.2% |
March 5, 2007
Pennsylvania recently legalized "slot parlors." They are advertising electronic blackjack and baccarat. Do you know if these electronic versions of table games have the same odds and payout as real live games based on truly random deals? Or are they set with specific payout percentage, a la slot machines? – Kevin from Philadelphia
Here in Nevada there is a state law that an electronic representation of playing cards must have the same odds as if a human being were dealing the game. To do business in Nevada a game maker must abide by this law in every machine it places anywhere in the world. So if they use major U.S. brands like IGT or Bally I'm sure the games are fair. However if the games are low-budget imports then I can make no assurances. February 7, 2007
I am going to Las Vegas next weekend and like to play $5 blackjack & Let It Ride on the tables. Will I be able to find an open $5 table on a weekend or should I plan on bringing more funds than usual with me? If $5 tables are few and far between, where might I find them? Thanks, Kathy from Hitchcock
It will be difficult finding $5 blackjack on the Strip on a weekend. You'll probably have to settle for a low-roller casino like the Riviera, Sahara, Frontier, or Circus Circus. It will be a lot easier downtown. Let It Ride is slowly fading away, but if you find it the minimum unit is usually $5. February 7, 2007
Hi, Wizard. Here's a fun question for you. There's been something I've wondered about (long before it was quasi-depicted on an episode of "Heros"). If you were given the ability to stop time once (and only once), during which you had several minutes to yourself and the ability to manipulate objects (such as a deck of cards, roulette wheel, etc.), what game would you play? Assume you have a moderate sized bankroll, and can get away with nigh-impossible odds, but not flagrant cheating. - Lorne from Richmond Hill
Those ideas sound like flagrant cheating. However, putting ethical issues aside, I would find a game of Caribbean Stud Poker with a high progressive jackpot. Then I would arrange the cards to give myself a royal flush and the dealer a qualifying hand. After resuming time make the $1 side bet and the maximum ante bet.
January 18, 2007
At a recent charity casino night (not real money) there were some unusual rules for both Blackjack and Craps, and I wasn't sure which to play. In BJ, Dealer stand on Soft 17, Double after splitting alowed (except on aces), Doubling allowed on 3 cards, BJ pays 2:1, no insurance, no surrender. In craps, COME bets paid 2:1 on 4 and 10, but no odds allowed on COME bets. I played craps until the table just got so crowded it wasn't any fun any more, but I suspect my pass line / always COME strategy was better odds than I got at the BJ table. Was I right? – Greg from Fairfax
As my blackjack section shows, the 2 to 1 on blackjacks is worth 2.27% and doubling on 3 cards is worth 0.23%. Otherwise the rules look standard. All things considered, the house edge in the blackjack game has a player advantage of 2.1%. The probability of winning on a 4 or 10 in craps is (6/36)×(3/9) = 5.56%. Every time this happens you get an extra unit, so it is worth 5.56%. Normally the house edge on the come bet is 1.41%, so overall the player edge under this rule is 4.15%. So I agree that craps was the better game to play.
September 13, 2006
My friends and I are planning a weekend trip to Las Vegas. As a college student, I've decided the most I can afford to lose (the best way to set a limit when gambling I think) is $500. I was curious what games you thought I should play? What stakes? You could call me slightly risk-seeking, because I'd love to return to Durham with a big stack and I'm mentally ready to lose it all. Thanks so much, your web site is fantastic. - Ben from Durham
Thanks for the kind words. The three games where you can get the house edge under 0.5% are blackjack, craps, and video poker. Of the three I would recommend blackjack. I would start betting $10 a hand. By playing conservatively at the beginning you won't go bust too soon and have to beg your friends for a loan. Let's say you want to double your bankroll or go bust trying, then press your bets as you get close to the end of your trip. Be sure to memorize the basic strategy before you play and don't accept anything more than a 0.4% house edge.
August 24, 2006
As a dealer, I hear a lot of "Fuzzy Math" from players and always come to your site when I have a question about the odds of a game. I only offer advice when asked because in my view, it's their hard earned money and they can play however they see fit. My question is, when you sit at a table and hear someone say something mathematically incorrect, do you cringe but keep silent, or do you correct them? -- Mike from Vegas
I cringe and keep silent. It is my policy to not offer unsolicited advice. Why pick an argument? Also, I’m not trying to convert everybody to proper strategy. The casinos need some bad gamblers to subsidize the good ones.
May 2, 2006
Do you have any good rules/setups for playing Craps at home for actual cash. I understand that to keep things legal, I can't take a 'house cut', but assuming a buy-in is enforced (like playing poker at home) is there a good system to play privately for money without becoming "the house" and paying winners out of my own pocket? - Chris K from Los Angeles
You could do a tournament. Every player will buy in for the same amount of non-cashable chips. Establish somebody to be the banker, paying off bets as in normal craps. Whoever has the most chips after some benchmark, for example x 7-outs, wins the pool. Since you will have an even chance with everybody else, I think it would be okay to ask for tips for the use of your house.
April 19, 2006
A friend and I were playing blackjack at Casinos East Chicago. He was playing $50 per hand and I was progressive betting with a minimum of $100 and a maximum of $400 per hand. After about one hour, the pit boss came over, stopped the game and told us that the dealer had miscounted on an earlier hand and that my friend owed the house $100. We asked for proof. I asked them to count the cards back onto the table. They told us they could not do it because the deck had been shuffled. We then asked for some type of proof. They refused to provide it and we asked for a manager. We both stopped playing and waited about 30 minutes while the Casino amassed a group of about 8 people, including security guards with guns. A person identifying himself as the Casino Manager told us that he had reviewed the film and that the dealer had miscounted and that my friend owed the house $50. My friend was incredulous as: (i) the amount he was originally told ($100) was wrong; and (ii) the Casino Manager told us that he had reviwed the film and that we would just have to rely on his word. I tried to interject and the Casino Manager told me that this was none of my business. I told him it was because the two of us were together and he was about to loose the business of two players, including me who had brought $5,000 and was betting up to $400 per hand. He told that he didn't care and with Security with guns standing there again demanded $50. I was stupified. I paid it on behalf of my friend, gave them my player's card and told them I would never return. - Jeff from Chicago
I forwarded this story to Brian, who is a former gaming regulator and current operator. Here is what he wrote.
Mike:
This is just bad customer service. In fact, they've lost two patrons for life.
For $50, I would have coached the dealer after coming off the game and never mention it to the patron. If we had a substantial mis-pay, I would allow the patron to view the tape; however, our casino is set up so that there is a monitor in my office where it can be played back conveniently.
Most casinos have a monitor in someone's office, can burn a DVD for playback on a laptop or have a viewing room adjacent to the surveillance room. The casinos that don't have such a setup won't crack open the surveillance room for a patron.
If the patron's held their ground and refused to pay back the money, the casino would have either had to drop it or notify the Illinois Gaming Control Board that they had a dispute. If the IGCB got involved, they would send an agent to review the tape and then make a ruling - most likely in favor of the casino because they wouldn't bounce two guys simply to hustle them for $50. The patrons could also file a complaint with the IGCB, but they would be wasting their time. The best course of action remaining to them would be to write a letter to the company headquarters focusing on how poorly the situation was handled, the integrity of gaming and that the money involved is irrelevant - take the high ground.
Brian
March 27, 2006
Can you tip a Pit Boss? Poker Room Pit Boss? I have been treated nicely and would like to tip them but am not sure it is allowed. - Tami from Chino
First, the term "pit boss" is dated. The proper term for a supervisor assigned to several tables is a floorman. The person who oversees an entire pit is a pit manager. The person who oversees all the table games is the shift manager. You may not give money to anyone in this chain of command. The "suits" are supposed to look after the casino's interests so a cash tip may seem like a bribe. However, you may give money to the poker room supervisors. The reason for the poker room exception is the casino does not risk its own money in the poker room, therefore management is indifferent to who wins.
Feb. 1, 2006
I've noticed more and more casinos are swapping decks of cards after large payout hands (full house, 4 of a kind). Yesterday one swapped after a straight less than a 1/2 hour after the previous swapping. In Laughlin, they even swapped decks after I hit two 3 of a kinds in a row. Is this typical or are they responding to my betting? The probability theoretically doesn't change, so are they essentially chasing me away? - Paul from Kent, Washington
I can think of three reasons that a supervisor would swap decks after a big win. The first is that the decks were worn and due to be swapped anyway. The second is they are concerned the deck is flawed somehow. The third is they are "sweating the money" and incorrectly think swapping decks will change your luck. I would bet that the third explanation is the most likely.
Feb. 1, 2006
What are casinos' policies on old chips? Let's say you had a 20-year old chip worth $100, will they exchange it for a new chip? Will they give you more because of appreciation? Also, are chips from casinos which no longer exist usable anywhere? Thank you. - Paul from Glendale
Sometimes in the Las Vegas Review Journal there is an announcement in the classifieds that a casino is discontinuing the use of a style of chip with a deadline to redeem them. Additionally, the announcements typically state that after the deadline, the casino is not obligated to honor the chip. However, there is a teeming market for casino chips, especially expired ones. I don't know much about it except there are shows here in Vegas for the collectors and the Vegas museum in the Tropicana has lots of old chips for sale.
Jan. 14, 2006
Why do casinos predominately use green felt for their layouts? Has there been a study on this and if so where can I look for the results? - Carol from Reno
I asked Barney Vinson, author of Ask Barney: An Insider's Guide to Las Vegas this question. He speculated it is a carry-over from the days of illegal gambling, but he had no idea why the illegal tables used green felt. This is just a theory, but I believe it is because pool table felt is usually green. The makers of gambling tables probably found green felt in the greatest supply because of the abundance of pool tables. However, that begs the question, why do pool tables use green felt? I did some searching and found this explanation:
"The History of billiards is long and very rich. The game has been played by kings and commoners, presidents, mental patients, ladies, gentlemen, and hustlers alike. It evolved from a lawn game similar to the croquet played some-time during the 15th century in Northern Europe and probably in France. Play moved indoors to a wooden table with green cloth to simulate grass, and a simple border was placed around the edges." - Dolly's Pro Shop
Jan. 3, 2006
I play three card, Caribbean stud, and four card poker at machine shuffled tables. I am amazed the number of times a playable three-card hand frequently is dealt in a four card game, and a playable four-card hand is dealt in a Caribbean stud game. It makes me wonder if those shuffling machines aren't pre-programmed to the house's advantaged. Are these machines really random or are they programmed for the house, and if programmed, isn't that illegal? - Cherrice from North Carolina
I strongly believe the makers of the shuffling machines at least attempt to make the shufflers as fair and random as possible. A deliberately gaffed machine I'm sure would violate Nevada law. It is fairly easy to see good x-card hands in x+1 cards. For example, the probability of a three of a kind in three cards is 0.235%, and in four cards 0.922%, or almost four times higher.
In Hold Em poker, does not burning cards affect the odds? Does burning cards affect the odds and game at all? - Jimmy from Canberra, Australia
Burning cards does not affect the odds in any game, unless you are counting cards in blackjack.
Nov. 22, 2005
Me and my girlfriend go to the casino often and play Pai Gow poker. I was wondering if it was statistically better for us to each play half our money, or one of us to play with it all, or are they identical odds?
- Beau B from Marysville, WA
The odds are the same. However, it will be less volatile for both of you to play at half the bet size.
Oct. 18, 2005
Why do tables have a Maximum limit, (i.e. Roulette)? A
friend told me that this is to prevent a player from
continuing to double his losing bet when betting red or
black. I disagree as the odds obviously stay the same and
the strategy does not pay well risk to reward. Why are there
max limits at tables? -- Mark from New York
Every casino has some kind of limits to protect
itself from losing more than they are comfortable with.
However, on most tables, the maximum is much less than it
is in the high-limit area. The reason for this has
nothing to do with protecting the casino against
Martingale
players. Any casino manager worth his weight in salt
knows betting systems always loses in the long run. I
asked an executive with a major Las Vegas casino, who
wishes to remain anonymous, why a casino would refuse a
$10,000 in the main casino when they would accept it in
the high-limit room. He said a casino manager only has so
many employees he truly trusts. He prefers the big action
to be under the watch of those people. Sept.
25, 2005
Casino "comps" are supposed to be based on average bet
x hours played x house edge (or something
close to this). Why do they record your buy-in, your re-buys
and the amount you color out? None of these should affect
your comps. Is it truly theoretical loss or does actual
loss(or win) come into play? -- Dr. Tom from
Youngstown
P.S. Your site is terrific and thanks for restarting
the "Ask the Wizard" feature.
Thanks for the kind words. I asked a pit manager
this question and he first agreed that comps are
generally based on the product of average bet, hours
played, and the house edge. The reason that buy-ins are
recorded are to adhere to government regulations. There
is different paperwork that must be filled out when
buy-ins reach the $3,000 and $10,000 levels. Sept.
11, 2005
Recently I was watching an episode of the new
"reality" show, The Casino. In one scene, the show featured
a "high-roller" playing, I believe, blackjack. Apparently
this gentleman hit a rather bad losing streak because as he
started to lose more and more, he would tear up the cards! I
would have thought this a severe breach of etiquette, if not
some actual gaming commission regulation, but when asked to
stop, he was insulted that they would ask him! Is this sort
of thing generally tolerated and I've just never seen it, or
is this guy just used to being allowed to get away with that
sort of thing because he's losing tons of money, or
something else entirely?
Baccarat (at the big tables) is the only casino
game in which players are allowed to damage the cards. An
explanation I heard is that Asian players bend the cards
anyway as they slowly peak at them so that they only use
each card once. So as long as they are replacing cards
after one usage, they may as well let the players do
anything with them. And being able to identify cards is
of little value to baccarat players anyway because the
dealer doesn't take a hole card as in blackjack, and the
player has no choice as to whether to hit or stand.
However, there are also gaming regulations that stipulate that the tapes
must show all the cards should there be a dispute,
which can't happen if the player tears them up first.
But in the show you mention, the player didn't know this and I think both parties
handled it badly, which led to the hard feelings that the
show captured. Had I been the casino manager, I would have
explained what I just explained to you and then asked the player to lay the card
on the table before ripping it
into tiny pieces.
On a related note yours truly will be on The
Casino sometime this season. The story is some
college students try to parlay $1,000 into $5,000 as
quickly as possible. They seek my advice on how to
achieve this goal. July 11,
2005
I read your article entitled Marketing
New Casino Games, and I am a bit discouraged
because I just invented a new game and I am actually
thinking of marketing it. In your article you mentioned that
new table games are rented out to casinos for about $300 to
$500 per table per month. I thought that there is big money
in this business if you're fortunate enough to invent a
really good game. I was told that Derek Webb, the guy who
invented 3-card poker made millions from the game. Is this
not true?
Truly top games, like Three Card Poker, can get up
to $1,500 to $2,000 per month, from what I hear. I don't
know exactly how much Webb made, but whatever it was, he
had to spend a lot of it on lawyers fees defending the
game. There is an article about Webb and Three Card Poker
in the August 2004 issue of Playboy.
March 10, 2005
I read about how your Ties Win Blackjack is on field
trial in Laughlin, Nevada. What kind of permit is required
and how much did it cost?
A new game trial period permit was required.
This is opposed to a "variation" permit, which is less
expensive. For a new game, the cost is $3,000; I had to
fill out lots of forms, including an employment and
residence history going back 20 years. The waiting time
was six months, which was shorter than what I was
expecting. March 10,
2005
I'd like to how much does a casino poker chips weigh
and better yet do you know where is the best place you can
purchase poker chips that feel and sound (when you drop
them) are as close to the real deal as possible?
The standard is 11.5 grams. Casino-quality chips
are made of a clay composite. Most poker chips sets are
the same weight but the material is not as high quality
and feels more like plastic. If you really want the best
you could go to a casino and purchase a large quantity of
$1 craps/poker chips from the cage at face value. If the
casino changes the style, or goes the way of the dodo
bird completely, the chips should go up in value. However,
for most recreational purposes there are always lots of
sets available on eBay for about $50 for a 500-chip set.
If you do get generic chips I would recommend true
Paulson chips (there are many imitations), which are the
same quality as casino chips. However, Paulson no longer
makes generic chips, so the price will be significantly
higher. If the price pushes $1 a chip, which it often
does, I would just get actual casino chips instead.
Jan. 16, 2005
Dear Wizard, You advised a previous poster how one can
learn to shuffle poker chips (Aug
25, 2003). Becuase of your instruction, my
shuffling abilities give me a strong edge (my poker skill,
on the other hand, is another story...). I just want to give
a few extra tips...
- Try starting with a stack of 6 chips instead of
10. Even those lacking any dexterity (like me) will have
an easier time getting the feel of it.
- It is much harder to practice on a hard table. One
cannot as easily get one's fingers underneath the stack
as on a felt table. If you don't have access to a casino
table (other than in the casino itself), practice on
something soft, such as a mousepad or even a folded
newspaper.
- Warm-up your hands before shuffling (especially if
you are new at it). Shuffling puts your fingers in an odd
position. It takes a while for them to get use to
it.
- Learn to use both hands. It becomes much tougher
when using your weaker hand, but it makes you look twice
as intimidating when you show your fellow players that
you are good with either hand.
Thanks again for the great site! -John
Thanks, I never thought to try with my left
hand. Dec. 20, 2004
On a recent Travel Channel show about Las Vegas
whales, they surprised me with the statement that casinos
sometimes offer loss discounts to whales. In other words,
the whale plays on credit, and are charged only a percentage
of their total losses at the end of a visit. Does this make
it possible to set up a positive-expectation game? Would
betting systems start to make sense in this context?
Yes, this is true. It is not unusual for
"whales" to get a 10% rebate on losses. In my opinion,
this is a very risky offer to make and a sharp player
could easily abuse it and gain an advantage. The kind of
player who would make an ideal recipient of this offer is
one who grinds out a lot of play in a high house edge
game. The kind of player who could best exploit this
offer is one who plays a low house edge game, for a short
time, and with a wide range of bet size. It sounds
paradoxical but under this deal the player must lose to
gain any benefit. Thus, the player should set a high
winning goal and relatively low losing goal. Ignoring the house edge for the sake of example, if the
winning marker was $1,000,000 and the losing marker was
$100,000 then the probability of success is 1/11, as I
show in a later question. The expected value after the
10% rebate is (1/11)*$1,000,000 + (10/11)*(0.9*-100,000)
= +$9,091. A good strategy to achieve a high winning goal
quickly would be something like an anti-martingale, or
anything where you bet more after you win.
Nov. 28, 2004
Can you use a strategy card at all table
games?
Yes. I have never heard of a player being
refused permission to use one. Oct. 25,
2004
How is the spread determined on any given table game?
Example, a $5 minimum Blackjack table may have a table
maximum of $200. Why?
The casinos like to corral their bettors
according to how much they bet. One reason for this is,
the higher limit tables have fewer players so the big
bettors get in more hands per hour. Another reason is
that, it is said players like to be around other players
of similar bet size. If a player wanted to bet $1,000 at a
$5 table it might make other $5 players at that table
feel nervous or uncomfortable. A third reason is, it is a
preventative measure against cheating.
Oct. 25, 2004
Are there any $100,000 chips? If these exist what
hotel in Las Vegas would use them?
There is a similar question asked in "Ask
Barney: An Insider's Guide to Las Vegas" by Barney
Vinson. He says there is a $10 million chip on display in
the London Club high limit room at the Aladdin. However, I
agree with Barney that it is probably more about bragging
rights and has never actually been bet. In another
question Barney says most major casinos keep special
chips in the vault up to denominations of $100,000, in
case they get an especially high roller.
Oct. 8, 2004
In Las Vegas the majority of the casinos I've played
in require a $100 blackjack bet for 4 hours daily to get a
room comped. I've calculated that playing with
S17,RSA,DOA,LSR assuming 100 hands per hour it is costing me
$120 per day if I play basic strategy. Is there another game
that I would lose less if I played? I'm mainly concerned
with the cost of Pai Gow if I never bank playing $100 a hand
4 hours a day. However, I thought you might know of another
game it would be even cheaper for me to play. Thanks, Jay
F.
The rule of thumb when it comes to comps is that
the casinos give back some percentage, usually one-third.
So if your goal is to get the room with as little
expected loss as possible then whatever game offers the
lowest house edge is what you should play. You will
probably earn that room faster and with less bankroll
volatility playing pai gow or pai gow poker. However, the
house edge is higher so your expected loss will be
greater than in blackjack. In my opinion, you should play
whatever you would play if there were no comps at all.
Then consider comps as icing on the cake.
Sept. 30, 2004
Can you tell me the traditional Las Vegas colors for
$1,000, $5,000, & $10,000 chips? - Ray F.
To answer your question I turned to Barney
Vinson, author of "Ask
Barney: An Insider's Guide to Las Vegas". He
replied, "The colors of large denomination checks vary
from casino to casino, just so they stand out more. At
Caesars, $500 checks are pink, $1,000 checks are yellow
and $5,000 checks are brown (they're called chocolates)."
Sept. 14, 2004
How does a table game player go about getting comped?
First, get a player card, the same kind that goes
in the slot machines, from the Player's Club desk. Then,
when you sit down at a table game, take out your player
card and place it next to your cash when you buy chips.
The dealer will alert the pit manager that you have a player
card and he will start to rate you based on your average
bet, length of play, and sometimes your skill level.
Sept. 14, 2004
Love your site! I enjoy casino gambling but generally
can only afford a small bankroll (less than $100 per
session). What game would you recommend to maximize the life
of my bankroll and chances for a winning session?
Thanks. Considering both the odds of winning and
bankroll preservation, I think the choice comes down to
blackjack (which favors winning) and pai gow poker (which
favors bankroll preservation). If you can find a $5 table
in either game I would go with blackjack. If the minimums
are $10 then I would go with pai gow poker.
July 28, 2004
There is a
story today about a British man who will bet his
life savings on one roulette roll. My friend and I have been
debating about what the best casino bet is for this type of
wager. If you can only place one bet, and you wish to
maximize your odds, what is the best game to play and what
is the best bet?
First, let me say this guy was a fool. He bet
$138,000 on a normal American roulette wheel with two
zeros and a house edge of 5.26%. This amounted to an
expected loss of $7,263. However, had he taken a 10 minute
ride to the Bellagio, Mirage, or Aladdin he could have
made the bet on a single zero wheel which follows the
European rule of giving half an even money bet back if
the ball lands in zero. He planned to make an even money
bet anyway. So at these wheels, with full European rules,
his house edge would have been only 1.35%, for an
expected loss of only $1,865.
To answer your question, if forced to make just one
even money type bet, I would have chosen the banker bet in
baccarat with a house edge of 1.06%.
May 5, 2004
Good Day. May I say that I have thoroughly enjoyed
looking through your web site. Can the house advantage on
any particular game be affected by the Limit/Maximum being
too high (i.e. over $5000 on the pair plus), especially with
three card poker?
Best regards, John (London, England)
Thank you. No, the house edge is not affected by
the table minimum and maximum. The greater the spread
between minimum and maximum bet, the greater the
volatility. But in the long run, results will keep getting
closer to the house edge. Some people incorrectly believe
that setting a maximum bet increases the house edge, but
it does not. March 6,
2004
You have a very good site but I think it puts too much
of a priority on minimizing the house edge and not enough on
minimizing volatility. Don't you think the player is trying
to minimize both? Perhaps you should put more of an emphasis
on bankroll longevity.
While you may like a low-volatility game, the
next guy may like a high-volatility game. I do indicate
the standard deviation of most games here
but that is about as far as I care to go with this angle.
I believe the gambler should pick his game partially
according to its volatility but once playing always play
by the proper strategy and never hedge your bets.
Feb. 13, 2004
For whatever reason suppose I do not wish to
immediately cash in casino chips won in a major casino in
LV. Can I walk across the street (or next door) to another
major casino and put my chips in play (or cash them in)
there? If such chip "travelability" is permitted at all,
would it be limited to major properties owned by the same
corporation such as Park Place or MGM Properties? Please
comment when convenient. Thank you.
Most casinos accept an exchange of chips from
other casinos in the same locality, even if the casino is
a direct competitor. For example, if you walked a $100
Mirage chip to the Venetian and politely asked, at a table,
to exchange it for Venetian chips, I think they would
allow it. Do not try to bet a foreign chip without
asking. I once did that in Atlantic City with a $5 chip
and although I got away with it when the dealer finally
noticed a foreign chip in his tray, he was clearly
annoyed. Fortunately, it was a full table so nobody could
pin the blame on me ;-). Jan.
20, 2004
I read your review of casinos and want to try Club
Dice. Regarding the terms on their website, they mention
bonus will be deduct from the account once you make the
cash-in even you fulfill the wager requirement. I wonder
then what is the meaning of this bonus?
This is what is called a "sticky bonus" and is
not confined to Internet casinos. When I went to Germany
I had to pay 20 Duetchmarks to get in. However, if I
purchased 100 Duetchmarks in chips they gave me a free 20
in sticky chips. A sticky bonus or sticky chip is one
that can never be cashed out. However, if you bet it and
win, the winnings are real money. The way to get rid of
sticky chips is to keep betting them until you lose them.
In the case of Internet casinos you will need to keep
cashing out winnings and always leave the sticky bonus in
your account, then go back and play again.
Recently at the Miami Beach casino I did a 100%
promotion for a $1,000 deposit. Eventually I lost $1,650
and tried to cash out my last $350. They declined it,
stating in effect that the $1,000 bonus was sticky. So I
played more and kept cashing out when my balance was
significantly above $1,000. In the end I cashed out 7 or 8
times for a total of $4,700.
In the long run sticky bonuses just force the player
to bet more. The expected value of a sticky bonus is
close to 100% less 2 times the house edge in even money
based games. Nov. 19,
2003
I have one simple question. I know you are the wizard
of odds but I need help. I play Craps and Texas Hold'em in
the casinos. I feel I could be an intimidating force (THUS
RAISING MY ODDS OF WINNING) if I could just figure out how
to shuffle my poker chips. I have practiced but just can't
get it. I was hoping you could point me in a direction to
learn this. Thank you for your time. - Joseph
You asked the right person! I'm quite good at
shuffling poker chips. Unfortunately, I don't often get to
show it off because when I do play with chips it is
usually counting cards or hole card reading, and in
either case I don't want to look like a pro. Anyway,
start with a stack of 10 chips. Then cut them in half,
putting two 5 stack chips side by side. Think of the two
stacks as an 8. Put the 8 at about a 45 degree angle to
your plane of symmetry. Put your thumb on the bottom of
the 8, your index finger where the two stacks come
together, and the other 3 fingers at the top of the 8.
All five fingers should be barely touching the table.
Then using your index finger gently lift both stacks
while the other four fingers gently push the stacks
together. After your index finger is about a quarter inch
from the bottom of the table, quickly move it away and
keep pushing the stacks together with your other four
fingers. It takes practice. I would recommend getting 10
nice clay chips and practicing at home or work. During
commercials or whenever you have a minute to spare you
can work on it. Before you know it you you'll be riffling
chips like a pro and casting fear in your fellow poker
players. Aug. 25,
2003
Which are the most and least volatile games?
Pai gow poker is the least volatile and, on
average, keno is the most. July
14, 2003
Hi, I just have a general question. It is about the
Poker Table Games. Why is it that almost every casino
carries "Let it Ride", "Caribbean Stud Poker", and "3 card
poker"? Some of those other Poker games I was reading about
on your website sound cool, but they aren't around at the
Atlantic City locations. Is it because the above games are
more popular, or just because the casino makes more money on
them? Just wondering since Bally's and Caesars in Atlantic
City are testing the Boston 5 Poker game, and I like that
game the best so far. i hope they keep it there. It is nice
when the dealer doesn't have to qualify (the reason why I
try to avoid Caribbean stud poker) Thanks for your time, Joe
Ultimately, the games that you see in the casinos
are the ones that make the most money for the casino. For
a game to make money the players have to like it. So
these games you mention are what players find the most
fun. It also helps that they are owned by big gaming
companies that have the resources to get them out there
in the first place. March 7,
2003
What advantage if any does the house have when using a
six spot layout verses a 7 spot layout? - Steven Ritondo
from Margate, USA
They can deal more hands per hour in a 7-spot
game. However, the advantage per hand is the same.
Personally, I hate the 7-spot tables.
Jan. 11, 2003
Does shorter play, the number of hands not time
increase my odds over the house edge? Playing 750 or under
hands as opposed to playing over 2000 on a single visit. -
Shuck Strain from Las Vegas, USA
No, the number of hands does not affect the
house edge. The amount you can expect to lose is the
product of the house edge, average bet size, and number
of bets. Sept. 24,
2002
As I have little experience of casinos and do not
think I can memorize all the finer points of the information
your site offers, what would you recommend I play on my
forthcoming trip to Las Vegas? - Alastair from London,
UK
I'd recommend craps or baccarat. In craps, stick
to the line bets and the odds. In baccarat, bet on the
banker every time. Sept. 24,
2002
I play in a casino that offers 'match plays' it is a
coupon that if I bet $5 with the coupon and win I get paid
$10. If I have 2 coupons per 3 hour playing time and a
bankroll of $100 how much of an advantage do I derive from
playing them as opposed to going to another casino that does
not offer them to the player? - Edward Eastley from
Clearwater, USA
Match play chips or coupons have an expected
value of almost 50% of face value if used in blackjack or
craps. If you get 2 $5 coupons for 3 hours of play you
can expect to lose about $6 playing $5/hand basic
strategy blackjack, but gain $5 from the match plays. So,
all other things being equal I would play where they give
out the match plays. Aug. 11,
2002
Please explain "playing perfectly". - Glen Roya
Playing perfectly means the same thing as using
an optimal strategy. In other words, making perfect use of
the information available to maximize the expected
outcome of the bet. June 18,
2002
What table game has the best odds for winning and is
user friendly for a novice gambler? Thanks in advance. -
Dave Holcomb from Port St. Lucie, USA
For the person with no casino gambling
experience who puts an emphasis on something easy to play,
I would start with baccarat. Just bet on the banker every
time. Nov. 11, 2001
What is the best game to use a match play coupon on? - Rob Savickis
First, let's define a match play coupon for those
who don't know. This is something often found in casino
fun books. If the player accompanies a match play coupon
with a real even money wager then the match play will be
converted to a like amount of cash if the player wins.
For example, if the player has a $5 match play and uses it
along with a $5 bet on red in roulette, then if the player
wins his $5 will win $5 and his match play will be
converted to $5. Whether the player wins or loses he will
lose the match play coupon. In the event of a push, as
can happen in craps or blackjack, the player gets to keep
the match play coupon. If the player gets a blackjack or
wins after a double or split in blackjack then the match
play still only gets converted to it's face value with
nothing extra. Blackjack is not really an even money bet
but you may generally still use it in that game. Roughly
speaking, a match play coupon has a value of a little less
than half of its face value, because the probability of
winning is always less than half.
The two strongest contenders to use the match play are
blackjack and the don't pass in craps. Let's let p be the
probability of a win and q be the probability of a loss. In
both cases let's consider a $5 match play.
Let's look at blackjack first. From my blackjack
appendix 7 we know that the probability of a tie is
8.79%. The expected number of hands to be dealt before
the bet is resolved is 1+.0879/(1-.0879) = 1.0964 (I
won't get into the proof of this). Let's assume a house
edge of 0.41%. So the player can expect to give up $5 *
0.0041 * 1.0964 = 2.25 cents due to the house edge. We
also know from my blackjack
appendix 7 that the probability of any win is 43.32%.
The probability of a win before a loss is p/(p+q) =
.4332/(1-.0879) = .4749. So the ultimate value of the
match play in blackjack is $5 * .4749 - $.0225 =
$2.35.
Now let's look at the don't pass bet. My craps
section will tell you the house edge is 3/220 =
1.36%. The probability of a push is 1/36 = 2.78%. The
expected number of don't pass bets made before the match
play is resolved is 1+(1/36)/(35/36) = 36/35 = 1.0286. So
the expected loss due to the house edge is $5 * 1.0286 *
1.36% = 7.01 cents. My craps
appendix shows the probability of a win on the don't
pass to be 2,847/5,940 =~ 47.93%. So, the probability of a
win before a loss is .4793/(1-0.278) = 49.30%. Thus the
value of the match play on the don't pass bet is $5*.4930
- .0701 = $2.39!
So, to conclude, it is better (by 4 cents) to use a match play on the
don't pass than in blackjack on a $5 mach
play. The reason for this is the lower probability of an
actual win in blackjack. Remember in blackjack you can
still get 3-2 on a blackjack as well the possibility to
double and split, which results in an overall better bet,
the match play not withstanding.
Oct. 30, 2001
How would I go about getting a free room at Las Vegas on my first visit? - Dan from San Lorenzo, USA
First you need to get a player card. Then you
have to present it to the pit manager when you play a table
game. This is not my area of expertise but to get a free
room you probably need to bet at least $50-$100 a hand at
least four hours a day for every day you stay there. This
should get you free food and beverages as well. The
better the place, the bigger the bet size they will
expect. May 1, 2001
What is the casino average hold for craps? - Mary from Rising Sun, USA
I don't know the hold for any game. This is
affected by lots of factors, most of which the
mathematician has no way of knowing.
First of all, I think your web site is great and want
to thank you for all this great, solid information. My
question is this: blackjack tables have a maximum bet limit
that more than increases when you move up from the five
dollar table to the ten etc. I suppose this is to discourage
larger stakes gamblers from playing at lower stakes tables
but how do they calculate these limits? I notice that they
are different at different casinos. Also, on you chart of
the house edge, it would be great to see a comparison of
house edge for a blackjack player using Basic Strategy vs.
one who is counting cards. Thanks again for the great work.
- Michael Gorman from Santa Cruz, USA
You're welcome! I have wondered this myself
about table maximums. Personally, I have asked several
people in the business and have yet to get an answer that
didn't sound like the person was making it up off the top
of their heads. That said, I'm not exactly sure either. I
think it is, as you said, to corral the best players in
one area. How the limits are calculated, I do not
know. So far, I have avoided touching on card counting in
depth on my site. That is a very hard and endless
subject. May 1, 2001
I understand the calculations made to determine the
house advantage for the various games. My question is most
applicable to the games with a large payout (for example, a
royal flush in Let It Ride). Would it not be more reasonable
to calculate the "house advantage" with the royal flush
excluded? While hitting the royal is possible, it is
extremely unlikely for the average player. Would this
modified house advantage be more applicable to the average
player? Thanks for the great site. - Bill from Corpus
Christi, USA
You make a good point. In terms of what to
expect in the short run, you should ignore the
highest hands. I know video poker players sometimes
disregard royal flushes when determining their short-term
expectations. However, as a mathematical purist, I
can't help but consider every possible outcome,
regardless of how unlikely it may be.
March 11, 2001
Is Binion's Horseshoe the only casino that will let
you win millions without being asked to leave? Why would a
casino ask someone to leave if they are not cheating? Does a
casino ever ask someone to leave the table at a game like
roulette where they believe no one can beat it? - Jim Dugan
from Winona, Minnesota
No casino that had any sense would ask someone
to leave just for getting lucky. Most would try hard to
keep them from leaving and entice them back once they
returned home. Perhaps what you're referring to is
that Binion's Horseshoe is the only casino that
accepts extremely large wagers, in the neighborhood of a
million dollars. Jan. 20,
2001
Do the odds at table games change when the number of
players change? In other words, if there are more hands
dealt, do the odds change? If not, is there anything at all
salient (odds wise) about the number of players partaking in
a particular game? This will settle a "bet". - Steve
Meredith of Detroit, USA
No, the odds do not change depending on the
number of players. Nov. 4,
2000
Some casinos offer "comps" for different levels of
action. I was wondering if there was a way of approximating
how much I would have to wager to earn these bonuses. For
example what would I need to risk to "play" $7000, or some
other figure? Thank you. ñ Steve from New York, USA
The pit manager determines your total action by the
product of your average bet size, total number of hours
played, and number of hands played per hour. I'm not sure
what figure they use for the number of hands played per
hour but it is a fixed number for any given game. I've
heard that 100 hands per hour in blackjack is about the
right number. If you vary your bet size, try to bet more
when the pit manager is watching, this will cause him to
overestimate your average bet.
See also questions I've answered about dealer errors and misdeals.
©1998-2009 Wizard Of Odds Consulting, Inc. All rights reserved.
Privacy/Terms
Contact
Advertise
About Us
Links
|