Playing 4 Keeps ™
A Gaming News
Letter For Winners
January 2008
Volume 10
Issue 1
Copyright
©2008 Michael Vernon
"Luck Has Nothing To Do With It When
You Are Playing 4 Keeps!"
==========================================
In This Issue:
Think About It...
How Much Money?
Ask My Dog Mousse...
2008 Scheduled
Events
Announcements
Recommended Links
==========================================
April 3rd with the
Three Amigos in Las Vegas!
Who ya gonna call?
Dice Busters..
Make
your plans to join Soft Touch, The Professor and the Dice Coach in
fabulous Las Vegas. Click the link or Call Beth ~ Toll Free 866-342-3626
==========================================
Think About It…
There is an opinion
being tossed around in certain dice communities that casinos are using crooked
dice during certain times, (weekends) to pad out the bottom line for dice
revenues.
Think about it for
a minute. Why would casinos want to mess with an already good thing? With the
odds already favoring the casino, guaranteeing their profit 24/7, why would they
stoop to using unfair dice too? Could they get away with it in the first place?
I don’t know if it
is yes or if it is no. I do know how hard it is to keep a secret and moving
crooked dice in and out of a craps game would be no secret. At the very least
the operators of the game would have to know. The first disgruntled employee
could have it splashed about the Internet in about three and half seconds.
The question that
bent dice in a game are illegal or legal is not the issue. It comes down to
public perception and image. Are the operators of publicly traded companies, so
greedy or so dumb, that they would risk their reputation and continued business
for a bit more weekend profit from the craps game? Yeah, maybe. But think about
it, if you know anything about blackjack, you know how casinos have changed the
rules over the last twenty years. These rule changes have taken away player’s
advantage and has made the casinos more profit. Does anyone complain or consider
the changed blackjack rules cheating, biased or unfair? Okay, I mean besides me…
Rule changes for
craps, though perhaps more complicated, could be accomplished just as in
blackjack. It would receive gripes and grumbles of course, but it would not have
the risk of reputation that crooked dice could bring. And so what if some
players give up the game?
Think about it… If
you have been following the evolution of gambling, you may have notice the
reduction in craps games offered in casinos. The Mirage, for example, used to
have two dice pits for a total of ten tables. Now, the Mirage has only one dice
pit with six tables.
Craps is a hands-on
game and it takes several well trained casino personal to operate the game. A
slot machine takes just one casino person to operate. Once the employee has plugged in
the machine, it is
good to go.
When you think of
the bottom line, and casinos do, you have to think about the cost per square
foot of real estate, to the profit generated. In those casinos, which have
eliminated craps games, what do you see in place of the missing craps tables?
Whatever it is, it is sure to generate more profit with less hassle than a craps
game.
Think about it…
with all the options a casino has for manipulating profit, does it really make
cents (sic) to risk their business reputation? Is all the hoopla over bent dice
justified, or it just another quest for windmills; Don Quixote’s excuse for why
he can’t win?
<top>
How Much Money?
I get this question frequently, how much money
do you take to Las Vegas?
My answer does not have to be your answer. There are numerous
factors to consider when it comes to gambling and bankroll. Each player must be
honest with themselves answering a few basic but important questions.
1.
How much money do I have to risk?
2.
How comfortable I am losing that
much money?
3.
What is my minimum bet?
4.
How long (number of days) will I
be playing?
5.
How many games, (craps, blackjack,
poker) will I play?
6.
How many sessions per day will be
played?
Here is a rule of thumb for a weekend trip to
Las Vegas, playing three days. Take five times the amount of one buy-in for each
game you intend to play. Figure a minimum of 30 times the minimum bet per
buy-in.
Example: A blackjack player betting $10 minimum
bet would buy-in for $300 and have a total trip bankroll of $1,500.
Example: A craps player betting $10 minimum bet
would have $300 for each bet they intend to make in the craps game. Craps is a
bit more costly in the front end as each bet should be financed properly with
its own money. A player with a pass line bet and placing betting the 6 and 8
should have a buy-in of $900. I would make it $1,000 even. The craps player with
a $5,000 trip bankroll could be financially backed for three days of craps
making three bets.
I can hear critics saying that this is too much
or not enough money. I say it is a conservative amount that will provide a
skilled player with enough financial clout to have a fair go at the game. If
it works out and you win, there is no problem. If something bad happens, the
loss is limited to an amount that was adequate for playing and palatable if
losing and you should still have back-up money to continue to play a later
session. Following a loss, it is not advised to continue to play without a break
and reflection time.
On The Coat Tales of a Gambler...
The next episode will appear in the next issue of
Playing 4 Keeps.
Well, that’s it for this edition of the Playing 4 Keeps™ Newsletter.
See you at the tables,
Michael Vernon
<top>
=========================================
|