Casinos
see raising table limits as economic common sense
Dear Mark,
Last weekend, on three separate occasions, the pit boss
raised the table limits higher while I was playing. It went
from $5 to $10, then all the way up to $25. Why do they
do that? Rick D.
Given where your question came from, Joliot, my guess is
that you were playing on the green felt flotillas on the
river. From the casino's point of view, not mine, it makes
fiscal sense to raise the limits when the boat is full of
captured customers willing to surrender to higher table
limits. They figure, Rick, you won't swim to shore.
Here
in Nevada, many casinos have the policy of raising the table
limits for new players only. Your $5 play would have been
grandfathered in.
Dear Mark,
Recently I hit a jackpot for $1,200 on a 25¢ slot machine.
The casino was not going to pay me until I provided them
with my drivers license and social security number. I only
complied because I wanted my winnings. Was there any way
around this? Stan G.
Not really, Stan. Casinos are required to report to the
IRS any slot jackpot of $1,200 or more. Because you played
at the quarter level, your best bet would have been finding
a machine that had a jackpot of $1,199-one dollar below
the amount at which casinos are forced to take identification.
Some
exist on the boats in the midwest.
Dear Mark,
What is the house edge in Caribbean Stud and what are my
chances of being dealt a natural royal flush, straight flush,
four of a kind, full house and a flush? Dan H.
The game Caribbean Stud carries a 5.6 percent house edge.
The
odds of hitting a royal flush are approximately 650,000-1,
70,000-1 against a straight flush and 4,000-1 against a
four of a kind, 700-1 against a full house and 500-1 against
a flush.
Dear Mark,
Are casino owners ever afraid of system players? Mark J.
Gamblers believe in systems, the casinos believe in the
mathematics of the games. Most, if not all, casino owners
would be willing to give away the house-room, food and beverage-to
any system player willing to wager big bucks.
Dear Mark,
In a previous column you mentioned that you didn't like
Multi-Action blackjack, but you failed to give an explanation.
How about one? Dawn G.
Why? Because Multi-Action multiplies the urge for most players
to misplay their hands.
Far
too many players employ a never-bust strategy because they
are afraid of losing all three bets at once.
They
stand on a 12 regardless of the dealer up-card. They wish,
hope and pray the dealer will bust on one or more hands.
This can be a bankroll-killer. At a $5 minimum table, if
you are not willing to risk $15 on a hit/stand decision,
you should not be playing Multi-Action.
Secondly,
you blackjack bankroll has to be higher. Five dollar players
have to make $15 worth of bets. A few triple losses and
you're in the keno lounge begging for free drinks.
Finally,
many times the house rules of Multi-Action are inferior
to that of regular blackjack. An example of this would be
not being able to double down after splits on a Multi-Action
game.
You
work hard for your money, Dawn. Why give the casino any
extra edge? |