Craps in 1946 and onward...

Discussion in 'General Craps Discussion' started by TDVegas, Sep 14, 2019.

  1. TDVegas, Sep 14, 2019

    TDVegas

    TDVegas Member

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    Could be craps, blackjack or any other table game.

    The Flamingo Hotel Casino opened in 1946.

    A $5 wager in 1946 is the equivalent (using an inflation calculator) of a $65 wager in 2019....or equivalent buying power.

    Were there that many gamblers wagering $5 and more on various craps bets or blackjack bets back in 1946? All things considered, three initial $5 wagers in 1946 on (ie, 4-5-9) is approaching an initial $200 spread over those same bets in 2019.

    Am I missing something or were $1 craps tables a regular thing in the 1940’s or 1950’s.

    They used penny, dime and quarter chips back then to make the payouts on $1 bets for craps?

    It seems a $5 minimum blackjack table in 1946 is an equivalent $65 minimum blackjack table today?? Shit, even a $2 bettor back then would be an equivalent $25 bet today.

    Am I reading this wrong and an inflation calculator cannot be used in this instance?

    Just pondering the divergence in minimums or did people have a lot more money back then.;)

    https://www.usinflationcalculator.com/
     
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    Last edited: Sep 14, 2019
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  2. von duck, Sep 15, 2019

    von duck

    von duck Member

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    The people the went to Vegas in 1946, were not your average Joes. It for people that had money. :cool:
     
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  3. The Midnight Skulker, Sep 15, 2019

    The Midnight Skulker

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    My first trip to LV was with my parents in 1964. Armed with Thorpe's Beat the Dealer I played Blackjack exclusively, and exclusively at Tropicana. I don't remember what the table minimum was, but I'm thinking it must have been $1. I'm also thinking I was a $2 bettor (~$16.50 today according to the inflation calculator posted), which means I have pulled in my horns a little since $10 is my base bet today.

    I don't remember seeing any chips with a value less than $1, but the last time I was at Lucky Eagle, a Native American joint buried in a forest in west central Washington, maybe 20 years ago they had "birds" (25¢), and up until maybe 10 years ago the $3 Craps table at my local haunt had actual half dollars.

    A couple other things I do remember:
    • At one Blackjack table a guy with a fistful of quarters (red in this pre-standardized time) was betting $50 and up a hand and lamenting that they didn't look like $900.
    • In the wee hours of one morning I was attracted to a craps table by the noise being made at it. A middle aged hooker look-alike offered my $5 to get her a cup of coffee. I couldn't find a place to get one, but she told me to keep the chip anyway.
    • I heard the next morning that the hooker look-alike had been with a guy who took $64 large off the table that morning. Even if I had not graduated from my craps-is-too-complicated phase I could not have gotten into the game with a shoe horn.
     
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