$5 minimum tables

Discussion in 'Bankroll Management' started by Lucky6, Sep 28, 2015.

  1. Lucky6, Sep 28, 2015

    Lucky6

    Lucky6 Member

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    Any casinos on the east coast other than AC with $5 tables? Heck, even a casino with $10 tables that don't jump up to $15+ once the evening starts. All the craps tables in MD have ridiculously high mins and the ones in WV start at $10 but jump to $15+ around 8 PM. I haven't been to any of the casinos in PA but from the reviews that I've read, they have higher mins as well.
     
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  2. betwthelines, Sep 28, 2015

    betwthelines

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    i know that (northern) indiana is not the east coast (it's "east" to me, though, lol) but the same situation applies there, especially as you get closer to chicago: you cant find a $5 table...same thing, sadly, at the boat in elgin ill, which used to be one of my favorite places...

    but i was at the Blue Chip in Michigan City, Ind earlier this month and played at a $5 table for 6-7 hours starting around 10pm...also a $5 table in Gary, the Majestic Star, i believe...

    unfortunately outside of nevada $5 tables are becoming rarer and rarer..fortunately my local joint, turtle lake in rural sisconsin, is always $5 min, 5x odds, haven't seen it anything other than that 24/7 for several years now...$500 max ($600 on the 6/8 Place), $2500 max odds...open promptly at 10am daily and will keep the table open as long as they have players, even up to 10am (ie not close at all)...if they are unable to do this, which happens, tho not often, when the crew is exhausted or have been there overly long, they nicely will always give players at least an hour--usually more--warning of the closing... they will close the craps table at 11pm if no players (a more and more frequent happening)...

    tom "home runs are sometimes boring" p
     
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  3. Onautopilot, Sep 28, 2015

    Onautopilot

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    Sounds like the people on the east coast have more money than the ones out west. They still have some $3 tables out here in the west, and $5 tables are plentiful.
     
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  4. betwthelines, Sep 28, 2015

    betwthelines

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    as recently as this May, Route 66 in albuquerque offered $1 craps weekdays until 8pm...with their 20x odds, not to mention their free buy on the 4/10 this was so attractive that the Tough Craps player violated his own rule to bet ONLY the 4/10...i recall one time looking down at the table at my action and it totaled something like $210, of which only $2 was subject to (1.41%) vig! (can't exactly recall but i probably lost it all though the dollar amount suggests that at least some bets were progressing and the hand in total likely at least a smallish win)

    if i hadn't lost my ass so badly on that excursion, it would have been a lot more fun!

    tom "home runs are sometimes boring" p
     
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  5. Lucky6, Sep 28, 2015

    Lucky6

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    What's crazy to me is that even when the tables are $25 min they are packed. I've even seen packed tables in MD with $50 min. My theory is that a lot of the players at these tables are betting with dirty money and the casino knows it but doesn't care.

    Also, I'm sure the casinos like the high minimum tables because they know that the average gambler doesn't have a large enough bankroll to survive many hits when the limits go higher. And of course bigger bets = more $$ for the house.

    What kind of bankroll do you need to play at a $25 table? I'd think you'd need about $1,000 unless you were playing ultra conservative, in which case you probably shouldn't be playing at a $25 table in the first place.
     
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  6. Onautopilot, Sep 28, 2015

    Onautopilot

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    How much do you need to play a $25 table? Totally depends on what you are betting, and what you goals are for that session. Betting higher volatility bets, and you might need a LOT of money. Betting less volatile betting strategies, and as little as a few hundred might be plenty. A "risk of ruin" simulation, can be run on any strategy if you give all the parameters of the strategy.

    The way I play most of the time now, I would not feel comfortable at a $25 table in the first place, but if I decided to play, I would probably feel o.k. with a $500 bankroll. I buy-in on a $5 table for 20 times the minimum ($100) a lot of times, so 20 X $25, would be plenty for me to risk.
     
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    Last edited: Sep 28, 2015
  7. DeMango, Sep 28, 2015

    DeMango

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    Just jack up your session bankroll and bets by a factor of 5. I like to buy in at 1% of minimum, so $2500 would be a good start. Not gonna happen of course, but with RoR a minor consideration for most optimists, failure is imminent!
     
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  8. Liman

    Liman Member

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    no, its just a matter of limited choices.
     
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  9. KokomoJoe4, Sep 29, 2015

    KokomoJoe4

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    I would load the bases if playing at 1 flat/20 odds. As soon as 8PM came, time for bed, unless the 4's and 10's were hitting.
     
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  10. bleeckerboy, Sep 29, 2015

    bleeckerboy

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    Both foxwoods and Mohegan Sun in CT have $5 tables during the week and most weekends. You can always find a $10 as well. Seneca Niagra has $10 as well
     
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  11. rudeboy99, Oct 3, 2015

    rudeboy99

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    Well, the shithole where I work has $3 games, only raising the game to $5 on the weekends and holidays...these low limits seems to be a magnet for fleas during the week...:D
     
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  12. dicepunk, Oct 4, 2015

    dicepunk

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    Isn't Las Vegas a better market for steady work (as a dealer) than Reno? I would imagine the cost of living is much higher in Vegas. Also, is it true that some Aria and Bellagio craps dealers clear six figures?

    I can't imagine a flea tipping much on a $3 table.
     
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  13. rudeboy99, Oct 4, 2015

    rudeboy99

    rudeboy99 Member

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    Several other markets are more rewarding, money-wise...there are also a couple of stores in the Reno area that probably approach the Strip in dealer earning potential. I have no clue as to the Aria's or Bellagio's toke rate, but I imagine some Vegas crews might be knocking down a very comfortable amount depending on a bunch of different factors, ( method of toke split, the quality of the shift the crew is working, how much tax compliance they are on the hook for, etc., etc.) I have a pair of pretty good reasons for staying here. This has been my home for 43 years, off and on...I don't like living in big cities and I don't have to wear a bow tie nor brown nose any boss or customer for job security. I've known and worked with most upper management at my current job over the years, and broke in a couple of them dealing back in the day, and not boasting here, but my continued honesty and integrity, as well game knowledge over the years affords me a ton of just being left alone, being consulted if there is some kind problem, but immune to most petty, chickens**t most dealers are subject to. I ain't bulletproof, but I don't get f**ked with much. This low stress lifestyle is worth a lot to me, and lower money is a trade off I'm happy to make. :cool:
     
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  14. M & M

    M & M Member

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    Your last sentence meant a lot to me also before I retired.
    Hang in there your time will come.
     
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  15. dicepunk, Oct 5, 2015

    dicepunk

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    Well said.
     
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  16. DeMango, Oct 7, 2015

    DeMango

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    It also pays to go south, with $3 and $5 tables in Biloxi with much better rules!
     
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  17. SevenOut, Oct 7, 2015

    SevenOut

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    *******

    The Casino will maintain the minimum wager UNTIL there are empty tables or few players at those that are open and staffed. By keeping the number of tables needed less than the number of potential players... the minimum wager will be high.

    Craps Players create their own inflated minimum wager situations. If a Casino can fill their tables with $10 or $25 minimum players... so be it. The Casino will continue until the market forces changes.

    The price of beef goes down when customers go to chicken or pork. You are the chicken or pork to a Casino money manager.
     
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  18. Liman

    Liman Member

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    minimums, I was just noticing the local Big A racino, put in those electronic blackjack games, that the dealer is on the screen and talks to you......25 dollar minimum, and most seats were taken.
    Makes no sense a casino to lower mins as long as the seats or tables are getting enough action.
     
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  19. DeMango, Oct 18, 2015

    DeMango

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    Over all the years on all the dice boards there has never been such an irritating thread as the constant whining about the cost of a linebet. Like someone never heard of a dooey don't to lower the cost of a table. Heck you can make any table a $1 table if you want. Drop a buck midnight, that's all the tax you need to pay, $5 total. That's the cost ,(The vig) for every 36 comeout rolls. Now shut the puck up!
     
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  20. random_roller, Nov 4, 2015

    random_roller

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    I've played at $5 tables this year during the day at Grand Victoria (Elgin, IL), Ameristar (East Chicago, IN), and Harrah's (Joliet, IL). I haven't been to either of the Hollywood casinos in a while. Probably won't see a $5 table at Rivers Casino (Des Plaines, IL), though, given its great location. On a recent weekday after dinner session at Rivers, there were (initially) 2 x $10 tables, 1 x $15 table, and 1 x $25 table. Horseshoe (Hammond, IN) was $10 and up Saturday night, but several of the table were restricted to Seven Stars or Diamond players.
     
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