Why does casino assign high limits to blackjack games with lower house edge?

[Hsiaodi]

If I have unlimited bankroll I wouldn't be a professional AP. I'd be a recreational player. Why would I need money or better question more money?

[njrich]

What's an unlimited bankroll and where can I get one?

I have one for sale if your interested? Cheap too.

[8675309]

I have one for sale if your interested? Cheap too.

If its cheap enough, I may be interested, can you take monthly payments?...lol

[davethebuilder]

What does a martingale have to do with the relation of house edge to table limits?

The Martingale is a widely used progressive betting system that has nothing to do with house edges but fails because the player can only double a certain number of times before the table limit is reached. It is often used when players are chasing losses but it will not change the odds of the game and the first losing streak will decimate your bankroll. This system is responsible for many problem gamblers and when mixed with card counting the standard deviation and the players chance of bankruptcy increase dramatically.

[MJGolf]

I think T-Three is right, though for ONCE he didn't explain it with math statistics he used the vernacular..............(nice brevity by the way)

But there are probably more characteristics or factors in play than just HE or rules, to get the high roller action. I think they also take into account the table limits (because sometimes even with a higher minimum, they might have the same "top bet" allowed). In some casinos I have seen. It varies. But I have seen where they might have a $5 minimum table and a $3000 table limit but also have the same $3000 table limit on the better rules, higher minimum table ($100 minimum).

Thus they also take the "martingale" betting into account with the table limits even on better rule tables. In effect, you have 'less' opportunities or bets to negative progress up at the high limit tables than the low limit ones. Shoot we all know if casinos didn't have table maximum betting limits, more people would "martingale".......all to win that one unit bet at the end.........LOL But the upper betting limit DOES stop that.

Then proportions DO come into play. Not ALL high limit players are counters or AP's by ANY means...........hell, I know some. And while most play basic strategy, they go for the comps and the "special treatment". They sure aren't going for AP play; they make their money in a different business. This is entertainment for them. And therefore .26 percent HE of 1000's is indeed much more than .6 of hundreds. Because to the casino it IS the rule of LARGE NUMBERS. They wouldn't exist if it didn't.

So maybe you are ALL right in one form or fashion.........

[ZenMaster_Flash]

I am surprised that nobody posted the obvious.

When I started playing - before the bronze age,

A casino had the same rules for all stakes offered.

THEN, someone finally got the smart idea,

that if they are worried about A.P.'s they can

corral all of them into one pit where they are easy

to skill check; and give the run-of-the-mill patrons

worthless games to play!

[Three]

It always amazes me that martingale bettors don't seem to take into account that the table limit for spread is not necessarily their limit to their martingale. They don't need to play the same game or table from bet A to bet Z. They can insert baccarat were they will win more than 50% of the time if betting the banker at any point in their progression. They can start at a tiny min table and keep changing tables to seek higher maximums. They can incorporate roulette where in many cases the even money bets only lose half the bet on a green spin (0 or 00). There are lots of rule and odds variations that can be useful to change things a little from playing a martingale at the same game or limit oneself to going from table min to table max at the same table. It will not really matter in the end but it would just be smart to use the best chance you can get to find success. Of course the fact that they are playing a martingale to begin with shows how little they think about improving their chances. They would be much better off flat betting in the long run.

[Stealth]

^ I don't think that really applies. By the same logic... 0.26% on a $10 is less than 0.26% on a $100....and 0.6% on $10 is less than 0.6% on $100.

It is not the advantage percent, it is the real dollars:

High Limit table = 5 players at 100 hand per hour [5X100X$100X.26=$13,000 per hour casino EV]

Low Limit table = 5 players at 100 hand per hour [5X100X$10X.60=$3,000 per hour casino EV]

The high limit players want better games and the high limit games generate more money per hour.

[stopgambling]

I am surprised that nobody posted the obvious.

When I started playing - before the bronze age,

A casino had the same rules for all stakes offered.

THEN, someone finally got the smart idea,

that if they are worried about A.P.'s they can

corral all of them into one pit where they are easy

to skill check; and give the run-of-the-mill patrons

worthless games to play!

That is how I think of them as well.

[stopgambling]

Isn't it $130 /hour ? vs $30 /hr

[Three]

Isn't it $130 /hour ? vs $30 /hr

I agree. it looks like Stealth used 60% advantage instead of .6% (.006) with a 2 significant digit mistake at the high limit table as well.

[stopgambling]

i know casino makes money ,but not THAT much!

[Smartblackjack]

Most players do not play basic strategy correctly 100% of the time. The majority of players make playing mistakes 10% of the time and play with 2-5% disadvantage. I'm a really good player and I know that I have made playing errors but I do so far less often than average players.

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