1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Table Games Craps bet maximums...

Discussion in 'Table Games' started by Electroguy563, Nov 12, 2012.

Thread Status:
Not open for further replies.
  1. Electroguy563

    Electroguy563 Over-Fried Gambler

    Joined:
    Apr 26, 2011
    Messages:
    3,594
    Trips to Las Vegas:
    15
    My brother-in-law was telling me about his friend who had a great craps run recently. He was hitting hard 8 and hard 6's on a consistent basis and was pressing aggressively every other hit.

    It got to where his friend wanted to bet $1000 on hard 6 and the pit boss told him he cannot. This was below the maximum bet allowed for that table. When asked why not the pit boss only shook his head and repeated he cannot. The dealer kept pushing the chips back and saying "no bet".

    Can the casino do this? Is it because of this person's unusual run of good luck? I don't understand why they wouldn't take the bet considering the odds of winning this bet.

    I find it hard to believe the casino would sweat this amt. considering how much money they bring in during a days play.

    Anyone had or heard of a similar experience? I wish I knew which casino this was at but I didn't ask.
     
    Going to Hawaii's 9th Island!!
    Going to Hawaii's 9th island!!
  2. vegas9094

    vegas9094 Tourist

    Joined:
    Feb 16, 2012
    Messages:
    66
    Trips to Las Vegas:
    6
    The maximum bet on prop bets is not the same as the table limits. Atleast this is what I have been told by a dealer!
     
  3. y2mulder

    y2mulder Low-Roller

    Joined:
    Aug 24, 2011
    Messages:
    485
    Trips to Las Vegas:
    7
    $1000 on a 5/9 nets a $1400 loss, but a hard 8 would cost them $10,000. A 2/12, $30,000. These are titanic differences.

    Casinos can only win what is in your pocket, but they can lose to infinity. Therefore, the number 1 mantra of every shift manager is to LIMIT infinity. Craps tables can really be hit hard, so they have "Maximum wins" in place to make sure 12 straight hi-lo's dont bring the house down. In this case, his win of $10,000 must have violated the max payout, and the box-person will be pushing carts at Wal-Mart if he allows that bet.

    For example:

    - Prairie Meadows casino in Iowa has a max prop payout of $3000. Which puts the max hard 8 bet at about $325. And a 2/12 at $100.
    - But then the Horseshoe in Council Bluffs has a max prop payout of $30,000. So you can bet a $3,000 hard 8 easily.

    So basically, it all depends on where you are playing. If your friend is gonna fire like that, he should find a place that warrants his play.
     
  4. jrinct1

    jrinct1 VIP Whale

    Joined:
    Aug 25, 2011
    Messages:
    1,938
    Trips to Las Vegas:
    20
    Based on the higher odds of the hardways, one would think outside of the very small houses, they would welcome the bet.
     
  5. y2mulder

    y2mulder Low-Roller

    Joined:
    Aug 24, 2011
    Messages:
    485
    Trips to Las Vegas:
    7
    Its self defense. If they allow the bet, there is a 1 in 10 chance that they lose $9,000. If they dont allow the bet, there is ZERO chance they lose $9,000....and the player slowly grinds the $1,000 back into their bank.

    ONLY way you can hurt a casino, is one big shot at the right time that pays off. Casinos do everything they can to avoid that big shot. ESPECIALLY, if you are an unknown player that might never come back.
     
  6. RPMCanes

    RPMCanes High-Roller

    Joined:
    May 29, 2010
    Messages:
    998
    Location:
    Lawrenceville, GA
    Trips to Las Vegas:
    12
    I would think it also depends upon the casino he's playing at. I was at the Encore a year or two ago and saw this one gambler with $1,100 on a hard 8 and the sumbitch hit. Holy smokes!! Back in the day at Caesars Palace they would've laughed at a $1,000 hardway bet.
     
    Last edited: Nov 12, 2012
  7. h_upmann

    h_upmann Low-Roller

    Joined:
    Aug 16, 2012
    Messages:
    202
    Location:
    Toronto, Canada
    Trips to Las Vegas:
    64
    Roger that.
    If it was my joint I'd be fading hard 6's all day and all night for as much as you've got.
     
  8. mike_m235

    mike_m235 Tourist

    Joined:
    Aug 22, 2012
    Messages:
    2,421
    Location:
    Colorado Springs
    Trips to Las Vegas:
    12
    To answer the question 'can the casino do that', it's simple. They can refuse any bet they want. But turning down a hard way bet is just silly on their part.
     
  9. y2mulder

    y2mulder Low-Roller

    Joined:
    Aug 24, 2011
    Messages:
    485
    Trips to Las Vegas:
    7
    Yeah, I was always thinking the same thing, but then I got in the business and had it explained to me over and over again. Makes sense now.

    But once again, it all depends on the casino you are at and their deep pockets.
     
  10. MikeOPensacola

    MikeOPensacola VIP Whale

    Joined:
    Sep 26, 2012
    Messages:
    2,959
    Trips to Las Vegas:
    55
    Binion's

    I loved the 100x odds era at Binion's. one in a while just for kicks I would make a $1 pass line bet and back it up with$100 odds. Ah, those were great times....
     
    Annual Summer Bliss in the Land of Milk and Honey!!!
  11. jrinct1

    jrinct1 VIP Whale

    Joined:
    Aug 25, 2011
    Messages:
    1,938
    Trips to Las Vegas:
    20
    Yes they were..........
     
  12. Terry Benedict

    Terry Benedict VIP Whale

    Joined:
    Jun 27, 2010
    Messages:
    1,427
    Trips to Las Vegas:
    15
    "....and the player slowly grinds the $1,000 back into their bank."

    I think this is a big part of why they won't take the bet. If the dice are so hot that a player will put up a hard way grand, the player isn't leaving the table anyway. He'll put $500 on the hard way, another $100 on a different hard way, and stack up his odds. Twice. Then the house wins. Again.
     
    Last edited: Nov 16, 2012
  13. Cracker

    Cracker Tourist

    Joined:
    Feb 27, 2011
    Messages:
    55
    Location:
    Chicago, IL
    Trips to Las Vegas:
    12
    Most craps tables have a maximum payout posted. If the bet would result in a payout over that limit then it is not allowed. A good dealer would have explained this.
     
  14. Chuck2009x

    Chuck2009x VIP Whale

    Joined:
    Apr 5, 2009
    Messages:
    4,069
    Trips to Las Vegas:
    16
    Another reason they have maximums (on regular bets) is so you can't Martingale your way out of a losing streak.
     
Tags:
Thread Status:
Not open for further replies.