I encountered this situation recently at a hand-held game in Nevada: When I bought in for $20 at a nickel table, the dealer gave me my chips, plus an extra $1 chip. If you win a $5 hand with the chip, they pay you $6 (they take the chip and give you silver). Of course, you don't want to buy in too many times (that means you're losing), but presumably they'll give you the extra chip for each new buy-in. Is this much of a benefit to the player, or is the effect negligible?
> I encountered this situation recently at a
> hand-held game in Nevada: When I bought in
> for $20 at a nickel table, the dealer gave
> me my chips, plus an extra $1 chip. If you
> win a $5 hand with the chip, they pay you $6
> (they take the chip and give you silver). Of
> course, you don't want to buy in too many
> times (that means you're losing), but
> presumably they'll give you the extra chip
> for each new buy-in. Is this much of a
> benefit to the player, or is the effect
> negligible?
Actually this is a fairly easy question (or I've missed something).
The bonus chip is similar to a matchplay which makes it worth about half it's face value or 50 cents. So it's negligible in dollar terms, but it's 2.5% as a proportion of your $20 buy-in. Optimal strategy (if you can get away with it) is to buy in, play one hand, cash out and repeat ad nauseam.
If you were able to play basic strategy with about a 1/2% disadvantage and 5 dollar bets you would expect to lose about 2.50 per 100 hands so if you can manage to play 6 of these chips or more in that time span you would have an edge on the game (albeit a very small edge money wise) however it always feels great to walk in to a casino knowing you have the edge and should end up a winner in the long run. That feeling keeps me in this game way more then the money we win!! Congrats you have taken your first steps to being a full blown promotion whore next stop counting!!! Many of us counters started out by hustling 5 and 10 dollar coupons. Hope this helps.
I encountered this situation recently at a
> hand-held game in Nevada: When I bought in
> for $20 at a nickel table, the dealer gave
> me my chips, plus an extra $1 chip. If you
> win a $5 hand with the chip, they pay you $6
> (they take the chip and give you silver). Of
> course, you don't want to buy in too many
> times (that means you're losing), but
> presumably they'll give you the extra chip
> for each new buy-in. Is this much of a
> benefit to the player, or is the effect
> negligible?
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