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New table trend..

Discussion in 'Misc. Vegas Chat' started by Packer, Sep 18, 2014.

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  1. Packer

    Packer VIP Whale

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    The latest trend in gaming has been to promise customers a first class losing experience, and it has paid off handsomely in recent months. The first to offer this new form of gaming was the Bellagio with their guaranteed loss slot machines. They have done so well that CET is entering the arena with their newest edition of this phenomenon: a blank craps table where customers can simply dump their chips on the table and walk away. The table was installed at Caesar’s last Tuesday and customers have been flocking to itfrom the moment it went live. Sources report that the craps table has become the new wishingwell of the 21st century. Players toss their chips into the "lake" – as it has come to be known – on their way to the buffet or to their cars to save time and avoid the long lines at the cashier cages, who now do nothing but cash checks and make change 24/7. "Right now, our cages will still break bills, but we're phasing that out in November to concentrate entirely on cashing checks," says casino executive Jeff Nottingham. “There is simply no demand for change anymore. Customers come here to lose all their money and there’s no reason for them to waste time losing small amounts when they can buy in and lose much faster with larger bills.” For now, customers still receive cash for their checks, which they then take to the tables to exchange for chips. “Our customers have indicated a strong preference for receiving casino chips directly from our cage without having bother with cash at all,” Jeff says, We’re working closely with the gaming commission to make that happen. ”With so many chips piled on the table, this reporter wondered If theft were a serious concern. "We've had some incidents of patrons grabbing handfuls of chips from the often two-foot deep pile and taking off," Jeff told us, "but we're not too concerned, as thereis no longer any way to redeem them for cash. Once purchased, they're essentially worthless."CET plans to add four additional tables later this month, and this new trend is expected to grow over the next several years,withmost of the strip casinos coming on board by the end of 2015 and the downtown area to follow. Hotel resort fees have increased as well, because the new casino policies have attracted so many customers that the properties are turning away guests.
     
  2. da1chifan

    da1chifan High-Roller

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    :evillaugh

    I read the slot machine story, but hadn't seen the continuation to tables. Funny stuff!
     
  3. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    LMFAO, coming soon I bet, I've felt that way about slots for years..."why not hand your host all your BR and tell him to call you if you win?"
     
  4. Piggylane

    Piggylane Well-Known Member

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    Very funny and quite true! Of course all gambling has a negative expectation.

    But why pick on slots? The 2013 Statewide gaming report (http://gaming.unlv.edu/reports/2013NevadaGamingWin.pdf) has been discussed in previous threads and looking at it shows one interesting conclusion: there's a big difference between illusion and reality!

    The illusion of Craps and Blackjack having a less than 1% casino advantage (yes, I know pass or don't pass only with max odds, no other bets and perfect BJ play) is countered by the reality of 13% and 11% actual wins (strip). In the case of dollar slots, the expected hold is 5 to 6% which slot players know. The win, depending on whether it's statewide or strip, was between 5 and 6%, just as expected.

    The difference? You can be falling down drunk and still push that max bet button on a slot and the outcome isn't affected by your decision making ability. Be in the same condition at a craps table and you're betting the big 6 & 8 and hopping the tens every roll. Or your hitting that hard 20 hoping for a bullet!

    That being said, following the guaranteed loss slots and blank craps tables, why not have CET introduce "Opinion Roulette"? This would be where the dealer and pit manager decide whether a particular number looks odd, rather than whether it is evenly divisible by 2 (6 is kinda odd because if you tip it upside down it's a 9!). Then maybe Gary Loveman could pay off his debt (bigger than Detroit's!).

    Either way, enjoyed the humor!
     
  5. dfalk

    dfalk VIP Whale

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    lol where did you find this? Looks like something you'd see on The Onion.
     
  6. UTE

    UTE Plastics

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    Exactly. Casinos exploit human error on the part of card players. It is what it is.

    Bill
     
  7. PayTriple

    PayTriple The Cucumber King

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    Funny post about the blank craps table, LOL!

    I want to discuss the relationship between the house advantage and the hold.
    The hold is the house advantage multiplied by the number of times a given amount of money is played.

    What this means is that in a negative expectation game, the expected hold will always GROW as you play more.
    IF you play long enough, the hold will approach 100%, no matter how small the casino advantage is.

    What this also means is that to achieve the SAME hold, you can expect to play twice as much (i.e. put the money into play twice as many times)
    on a game with 1/2 the casino advantage, compared to a game with twice the advantage.

    So the fact that table games have a higher percentage hold, despite having a lower casino edge compared to slots,
    can be explained IF the table gamers are playing longer and putting their money into play many more times than slot players.
     
  8. 4Eyes

    4Eyes Low-Roller

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    You are confusing House P. C. (built in house advantage of the game) versus the Hold (percentage of the "Drop" retained/won by the House).
     
  9. dutchvelvet

    dutchvelvet VIP Whale

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    Hold is an important thing to remember too. It is also why playing something like Pai Gow Poker, which moves slow and pushes a lot, will cause your money will last a lot longer than a fast game, despite having a higher house edge than blackjack.
     
  10. Kickin

    Kickin Flea

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    Hold and house edge are constantly being confused on this board. For all intents and purposes you can ignore hold completely, it's a number used to measure management and utilization of a game. As a gambler it doesn't matter.
     
  11. Yall

    Yall Low-Roller

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    People get confused about a lot of things on this message board. For example it's "for all intensive purposes". A lot of people take proper grammer for granite. Your not the only one.

    :jester:
     
    Last trip as a non-parent...
  12. Kickin

    Kickin Flea

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    Umm no, it's not. What would "intensive purpose" even mean?
     
  13. jimboguy

    jimboguy Blubbery Whale

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    I'm fairly certain he was joking. Notice his post also included the phrase "for granite" instead of "for granted" and "Your" instead of "You're"
    Plus, he misspelled grammar and added the court jester icon at the end.
     
  14. Kickin

    Kickin Flea

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    Yikes! My bad. Apologies to Yall. Didn't notice the "granite" and from tapatalk the jester icon doesn't show.
     
  15. Yall

    Yall Low-Roller

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    Ha! No worries at all!
     
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  16. Breeze147

    Breeze147 Button Man

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    Prostitutes are jumping aboard this wagon as well. For $500 they inject you with the gonohrrea virus, saving you the excruciating week long wait for visual confirmation. They also hand out coupons for local participating doctors and 20% off on penicillin.
     
  17. Royal Flusher

    Royal Flusher Savvy Gambler

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    The craps table is not actually blank.


    If you look closely, you'll see in the bottom right hand corner, about where the Big Red bet used to be, in 8 point font, the number "13".
     
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