Betting limit

This is how I start my day, every day. So yes: Two sides of the same bet and both at plus-odds? I did it again. And then when I was about to do it again, I paused. Goodbye, guaranteed ROI, hello big rooting interest in the over, which I have no interest in, as I have no idea if the number is going over.

Not knowing what my limits are at sportsbooks is interfering with my arbitrage betting. Send help. For dozens of reasons, but this one specifically right now. My bets were halved, and then I eventually ran into the SugarHouse limit first, and it told me so. USBookmaking — which is run by Victor Salerno, and is currently in the B2B space, with plans to eventually go into B2C — is always telling its bettors what the limits are.

No surprises when someone goes to start betting. Either way, though, you know how far you can go with your bet. Historically the attitude has changed about table limits. In the early s in downtown Vegas, quarter minimum bets were common. The low minimums created a general excitement in the casinos as hundreds of people would jostle to play table games. However, casinos floors generally had twice as many employees as they do today. It also made it much easier to introduce new gamblers to table games.

Most casinos today would prefer that the low rollers play slot machines which do not require as much oversight. Normally the limits are set to optimize the return from the seats. Since all table games give the house an advantage, the larger the bets, the larger the house's profit, so the house needs to manage the minimum bets to keep the seats full.

This usually results in a low limit early in the day when there are fewer players with the limits increasing as more players become available. In some casinos they retain the old limit until they leave, in others the lower limit will last for a limited period of time. Casinos are increasingly turning towards expensive virtual gaming tables to offer low minimum table limit games to customers. Although electronic versions of table games like blackjack have been available for years, they typically raise the house edge by paying even money on blackjack to handle the very low table limits.

The more expensive virtual games with high definition video simulations of real dealers pay normal payouts, but still include some limitations like limiting the player from doubling soft combinations. Although the house has a statistical edge on the expected return, the casino has no control over variance.

The outcome of a small number of players making huge bets is unpredictable. The casino could make record profits, or the players could wipe out the cash in the casino or eliminate the profit for the month. Maximum table limits prevent the casino from taking too much of a gamble. The larger casino can afford larger maximums. In order to create the ambiance of Old Vegas, and to attract the high rollers to the aging casino, they elected to work with lower house edges and high table limits.

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