The Counting Edge blackjack system has given you the basic tools you need to be a successful blackjack player and make money at the casino. As you advance in your skills you will learn new methods, but the information we have given you is something you will call upon again and again in your blackjack career. Nov 25, 2014 Depends on the opening hours, customer traffic, spending habits of customers, table limits. All this influences the total bet size, and the Casino earnings are ';House Edge x Sum of All Bets" (House Edge depends on rules, but as a rule of thumb you. Stay away from progressive betting and money management systems. Subscribe to one or more good blackjack newsletters and join the Blackjack Review Network. It’s going to take some time! Be disciplined it may cost you some money!. Online access to the Blackjack.
I know that the pit boss can ask for a fill or two in a high roller walks up, and I am sure that the high limit rooms have a lot money money at their tables, but I was curious what the averages were.
Any ideas?
Craps tables, because they accomodate many more players, have more money--about $70-80K.
-B
For blackjack (and roulette)
up to $6 million, $2000
$6-$12 million, $3000
$12-$36 million, $5000(example Golden Gate casino)
$36-$72 million, $10,000(example Main Street casino)
$$72-$130 million, $15,000
over $130 million, $30,000(example Bellagio casino)
The required amount are between 2 and 3 times higher for craps.
Although a casino can keep more cash in their vault, they are not likely to keep a lot more because the cost of money can be very high. Cash sitting in a vault is not earning any interest. Presumably the chips that a casino creates would be on the same order of value as the cash they keep in the vault.
I am not sure what happens if someone should break the vault. By my calculation a very small casino (like Golden Gate in downtown) must keep $100K to back their 16 table games, and $150K to back their slot machines. I am sure they can use their slot money to back up a big time winner on the tables, but it is a big reason why they have maximums on the tables. I also assume that they have some other way besides cash to pay off someone who wins over $10,000. The IRS requires special paperwork for cash transactions over $10,000 so I assume that applies to casinos as well.
Main Street is probably $10K per blackjack table, It would make sense that they would issue roughly half that in chips.
Bellagio is about $4million to cover the slots and maybe $7 million to cover the tables. But MGM probably has some kind of central vault to cover high rollers at any one of it's properties. Maybe it is all covered with wire service. You can't take more than $10K on an airplane without reporting it to the IRS.
The old days around 30 years ago were a little different. The casinos would often give each other overnight cash loans if one was running low. Benny Binion would keep a few million to cover his basic tables, but he also had a $25 million in cash to cover high rollers. Benny was known to take any bet, sometimes for up to a million a roll.
If you took a typical blackjack table and/or craps table at an average casino (say the Monte Carlo or Treasure Island) in Las Vegas, how much money would they have in chips at the table? Would a typical table at the Bellagio, Wynn or Venetian have a lot more?
I know that the pit boss can ask for a fill or two in a high roller walks up, and I am sure that the high limit rooms have a lot money money at their tables, but I was curious what the averages were.
Any ideas?
Having just been thru a craps class (see my blog) we went over this. The bank was set pretty standard and was:
6 stacks of whites each base 6*20*1*2 = $240
6 stacks of reds each base 6*20*5*2 = $1200
6 stacks of greens each base 6*20*25*2 = $6,000
6 stacks of blacks each base 6*20*100*2 = $24,000
How Much Money Does The Government Have
6 stacks of lavender total 6*20*500 = $60,000
Add in some working stacks and some 'extra' stacks from fills and losses and you are at around $100,000 or so.
You're talking about cash in the cage. Although we like thinking about that (in an Ocean's 11 sort of way), this thread is about the chips on the table.
AZ -
I guess that casino isn't expecting high rollers. I've never seen a craps table that didn't have at least three stacks of $1K chips.
I guess that casino isn't expecting high rollers. I've never seen a craps table that didn't have at least three stacks of $1K chips.
In December 2004, I was playing at the now-long-gone Boardwalk casino on the Vegas strip (site of City Center). The crap game was actually just a tub with a single operator. I bought in for $100, and a very lucky session took me to just over $600. I hadn't paid attention to the house stack, but when I quit and colored up, I still had a handful of chips: the table had nothing larger than greens! When I cashed in at the cage, the cashier had to call someone on the phone to get the OK to pay me. I told her she made it sound as if I were a high roller. She just grinned and said, 'Small casino.'Paco -
You're talking about cash in the cage. Although we like thinking about that (in an Ocean's 11 sort of way), this thread is about the chips on the table.
I realize that I am talking about cash in the cage, which is why I said Presumably the chips that a casino creates would be on the same order of value as the cash they keep in the vault.
To go back to my Golden Gate example, if the NGC requires them to bankroll $100K to back up the table games, I would assume that they issue roughly $100K in chips. Since this is a relatively small amount of money they also don't issue any chips over $100.
AZ -
I guess that casino isn't expecting high rollers. I've never seen a craps table that didn't have at least three stacks of $1K chips.
When I played in Indiana, the highest chip they had at the craps table was 500. Sopunds like the PA bank is going to be like that. Of course, even when you have 1000s, you can clear the bank out pretty nicely with a hot shooter. Again, I'd point you to my first post on this forum, where (in AC) the pit boss told me to take a picture of the bank, because 'you'll never see it that empty again in your life.'
How Much Money Does A Blackjack Table Make A Home
I saw a near empty rack at a craps table once.It's was both disgusting and beautiful at once.