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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:10 AM   #21
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Re: You've got to know when to fold 'em

Just don't sit on the cloth seats, those can't be adequately cleaned. The vinyl ones can be wiped off and cleaned rather well.
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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:16 AM   #22
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Re: You've got to know when to fold 'em

Every time we walk into a casino, I notice all the "wretched excess", and I wonder, "Hmmm....who pays for all this?".....and then a little voice in my head says, "Baaaa....Baaaaaa"......

We have a relative by marriage who is a big deal at the Mirage Casino in LV....in charge of the whales, (the big spenders)......he's been a casino man his whole life and his father before him. He doesn't gamble at all.

We used to have fun when we passed through Laughlin, as the Pioneer there used to have prime rib on Wednesdays for $3.99 for the complete meal. We would go in and wait in line (handily right next to a row of slots), and watch the people in line feed the machines. Our mission was to walk in, wait, eat our prime rib, leave a nice tip and walk out.....like guerilla warfare...... that was fun.

I grew up with a father in the grocery business, who taught me early about loss leaders, product placement and human nature......gambling is just not something that appeals to me....unless, of course, I owned the casino....

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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:24 AM   #23
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by Outtahere
We don't go there looking to hit it big, to us it's entertainment.
Agreed. When I go to casinos (which is maybe every few years), I typically play Texas Hold'Em... I like being able to play against players rather than the house. Not to mention, though the jackpots aren't so big... being able to leverage winning primarily on skill is definitely nice.

And a lot of people in Vegas think they're better than they are, which makes for good pickings!
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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:36 AM   #24
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Re: You've got to know when to fold 'em

In 1986 my DH got a small bonus. He said, "why don't you and your mom do something fun?" Well, we decided to go to Las Vegas. A couple of country bumpkins in LV slamming away at the slot machines was a sight to behold. She and I have never had so much fun and I cherish the memories of laughter. That first trip, we may have gotten 8 hours sleep in 4 days! We went a few more times over the years but no longer since her back won't allow it.

DH could never understand why it was fun until he went to a conference. So, he and I have been to Vegas once a year for the past 10 years. It's a vacation for us. While gazing at the machines you think of nothing else and that was a good way for him to not think about his job.

There are casinos closer to us, but we don't go. We like Vegas and I think just talking about it, making the arrangements, flying .... you know the whole package is what we get a kick out of.

It's fun to throw caution to the wind every once in a while.
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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:36 AM   #25
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by brewer12345
Yup. Been to a casino exactly once (Atlantic City). Ugh. Never again. Degenerate effing gamblers. Not only do I not see the appeal, I have a hard time understanding how people can stand to be in that environment.
Next time you are out west, stop into the sports book at Caesar's or The Mirage or Bellagio. Plush quiet atmosphere, huge TVs with sports events from all over the world, odds and propositions of every imaginable kind. Most of them are hard to beat, but the cost of play can be low-1 to 5% depending on the bet format. A person with good sports knowledge and some time to search out the best odds can do OK. In fact there are even some arbitrage opportunities.

I also feel that some sports betting experience is good training in combinations and permutations and a good reality factor for anyone who is interested in stocks.

Ha
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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:41 AM   #26
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Re: You've got to know when to fold 'em

Last time I went to Vegas, I won $3700 in 4 hours, my first day there.......that was 1987..........

I have not gone back..........but all I can say it what happens in Vegas stays in Vegas............who knew a college kid could rent a Porsche to cruise the strip back then

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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:46 AM   #27
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by HaHa
I also feel that some sports betting experience is good training in combinations and permutations and a good reality factor for anyone who is interested in stocks.

Ha
Maybe. Personally, I'd rather trade options.
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Re: You've got to know when to fold 'em
Old 04-12-2007, 11:49 AM   #28
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by Martha
I am sitting in the lobby of the casino catching up a bit on the net. I kinda have to pee, but haven't wanted to put the computer away yet. . . .
Lol
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Re: You've got to know when to fold 'em
Old 04-12-2007, 12:18 PM   #29
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by Martha
I am sitting in the lobby of the casino catching up a bit on the net. I kinda have to pee, but haven't wanted to put the computer away yet. . . .
Perhaps there's an astronaut solution for you
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Re: You've got to know when to fold 'em
Old 04-12-2007, 01:50 PM   #30
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by Donzo
I used to go to alot of conventions at casinos - what always amazed me was that on my way to the hall at 7:30am the slots were full w/ people smoking, drinking and looking miserable. How long could you live w/ this lifestyle - what is really disturbing is that.....this was prob. their vacation!
I can top that--one of the local casinos is at about the halfway point of my commute. About 3 months ago we had a killer ice storm bearing down, and I was booking it down the road on a Friday afternoon after they closed the campus to make it home before the storm really hit. I happened to glance at the casino parking lot when i passed and it was about half-full...and I'm sure that those people were NOT all employees. *sigh*
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Re: You've got to know when to fold 'em
Old 04-12-2007, 02:38 PM   #31
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Re: You've got to know when to fold 'em

When I was young and stupid, my wife and I would cash a check at the grocery store on Friday nite, after 3pm when the banks closed, and head up to Reno, a two hour drive. We'd stay in cheap motel rooms, eat at cheap casino buffets and play 21 as long as we could sit. Most of the time we'd lose. A few times we couldn't cover those checks.

After we grew up financially, got decent jobs, and bought a house, we used all our spare cash on gardening and furnishing. Wife lost interest in gambling when we had something besides our credit to lose, and we gradually stopped going to Reno. We vacationed in Mauii or Kauii if we wanted to drop big bucks.

Now there are Indian casinos less than a half an hour away, but they are the only places in California where folks smoke in enclosed places. We gave that up back when we were still stupid.

For our 25th we flew to Las Vegas and stayed at the Bellagio when it was new. We went to all the casinos to see the sites. The Star-Trek exhibit, the moving statues in Caesar's Palace, the lion cubs at MGM grand, drove out to Red Rock to hike and see Indian hand prints, wandered through the Venician with its indoor canals, the Parisian with its quaint shops, the underground city at the New Yoker. Saw Cirque de Solei's "O". Gambled at a 21 table for almost 8 hours, talking with a variety of amusing folks, a aging actress, a tatoo artist, a young, chubby hip-hopper who drank huge Margheritas's out of a Statue of Liberty image while he won playing the worst cards I've ever seen and busting dealer after dealer to the delite of the rest of the table. Finally, we had to leave the table to get ready for a Comedy Club show. We cashed out the chips I had been stashing in my pants pockets all day saying, "OK, will just play with these remaining few chips and leave when we lose." Had over $700!

We had a wonderful time but for some reason have not had the urge to repeat in the last 9 years. Only visited the local casinos once and left after paying for the buffet with our winnings. I don't know why we don't gamble anymore.

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Re: You've got to know when to fold 'em
Old 04-12-2007, 05:37 PM   #32
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by Elderdude
We had a wonderful time but for some reason have not had the urge to repeat in the last 9 years. Only visited the local casinos once and left after paying for the buffet with our winnings. I don't know why we don't gamble anymore.
Same here. We enjoyed some parts of Vegas but we were there in March before the weather turned nasty. I think part of the Vegas "been there, done that" feeling was the relentless marketing & money-grubbing.

Slots bore me to tears. If the casinos had provided spouse spectator seating I would've spent a lot more time at the blackjack tables. She didn't want the "burden" of dealing with the cards & chips.

Hawaii (and, I'm told, Utah) are the only states that don't have gambling. The latest pro-gambling tactic has been scary articles in the local media about how Hawaii visitor counts will just implode if we don't have something for everyone to do besides frolic outdoors... Singapore, Macao, & Vegas will suck all the money out of the islands!
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Re: You've got to know when to fold 'em
Old 04-12-2007, 06:04 PM   #33
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Re: You've got to know when to fold 'em

I actually work in a casino, in the back counting the money being put into slots and tables.

My oh my, let me tell you... there are alot of sheep paying my wages. I don't think I could stomach working out on the floor, but I don't mind being in the back playing with money.. err I mean.. counting the money.

I have been to vegas once, and seeing people blankly staring at the machine while robotically feeding them, was depressing.
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Re: You've got to know when to fold 'em
Old 04-12-2007, 06:24 PM   #34
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Re: You've got to know when to fold 'em

here's my winning strategy to win a million or so...

Start with a 1$ bet on blackjack or on a roulette game. When you win that bet you now have $2. Take that $2 bet and let it ride. When that bet wins you now have $4. Repeat this process letting the bet ride each time. After 10 bets you will then have just over $1000. You can stop there or if you need even more money let it ride for another 10 hands or so. At this stage you'll have just over a million dollars.

If you like you can stop there or let it ride for a few more hands. Then take your multi-million dollar payout. Don't forget to pay the taxes due on your winnings. And then retire early to a life of leisure.

- Now what could be simpler
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Re: You've got to know when to fold 'em
Old 04-12-2007, 08:42 PM   #35
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by Nords
Same here. We enjoyed some parts of Vegas but we were there in March before the weather turned nasty. I think part of the Vegas "been there, done that" feeling was the relentless marketing & money-grubbing.

Slots bore me to tears. If the casinos had provided spouse spectator seating I would've spent a lot more time at the blackjack tables. She didn't want the "burden" of dealing with the cards & chips.

Hawaii (and, I'm told, Utah) are the only states that don't have gambling. The latest pro-gambling tactic has been scary articles in the local media about how Hawaii visitor counts will just implode if we don't have something for everyone to do besides frolic outdoors... Singapore, Macao, & Vegas will suck all the money out of the islands!
Ohio and Alabama don't have casinos (AL doesn't have lottery).
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Re: You've got to know when to fold 'em
Old 04-13-2007, 12:07 AM   #36
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Re: You've got to know when to fold 'em

Actually, Alabama has an Indian casino on the Poarch Creek reservation that utilizes Class II gaming devices (bingo machines that look and feel like Las Vegas slot machines, which are termed Class III under the Indian Gaming Regulatory Act of 1988). An Alabama House subcommittee this week considered legislation that would permit slot machines at race tracks (again), but it appears to be going nowhere.

All told, at least 28 states have Indian gaming (this week's Economist says its 30)and 11 or 12 states have commercial gaming . All but a handful of states now have state lotteries. What's interesting is that Indian gaming will soon catch up with commercial gaming in total gaming revenues. There are about 410 Indian casinos nationwide vis-a-vis 450 or so commercial casinos. Indians "share revenues" in lieu of taxes but often at rates well below what commercial casinos pay under a very complex compacting system with state governments.

Commercial gaming in 2005 brought in about $30 billion; Indian casinos about $23 billion. No firm numbers since but projections will probably put Indian gaming at around $25 billion for 2006 and commercial gaming around $32 billlion. What's amazing is how much demand remains unsatisfied for gaming (despite the smoke, sad denizens of many casinos, etc.). Pennsylvania will soon have slots-only casinos, Kansas just legalized (like this week) for slots at race tracks (called racinos), Maine (I think I remember having read) will have a referendum... and so on.

Fact is that twice before in American history, gambling was everywhere and then it was abolished. Maybe it will happen a third time?





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Re: You've got to know when to fold 'em
Old 04-13-2007, 02:45 AM   #37
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Re: You've got to know when to fold 'em

We went to vegas last year. Flew in to drive to the grand canyon, Zion, Bryce canyon, Sedona, etc.. We spent a couple of days in vegas to take it in and see what it was about. We do not enjoy gambling. THey do have many hotels, good restaurants, and many shows. WE stayed on the strip. We walked around and looked at the hotels one day. The next day we drove to some of the local state parks. The last day in vegas we were bored. After an inital curiosity glance in the casino... it seemed boring.

You are correct... there were some people losing money. I have some friends that enjoy gambling. THey say they chalk the spending up to entertainment.

I saw a show about gambling. The casinos comp back up to 40% of the winnings to heavy gamblers in low cost or free rooms, shows, and food so they the experience is more pleasant. (Even though you lost, you had a chance to win, and got really great deals on the trip). That approach seems to work. People go to these places in droves.

Ever since I had a few classes in probability and statistics in under grad and grad school.... I have known better. You are unlikely to win. If you hit it big... you better stop.

Black jack seems to have the best odds for the average gambler... roulette has the worst odds.

Me... I used to gamble on the market. I kicked the habit. I am clean 7 years now.

Anybody ever short-sell?
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Re: You've got to know when to fold 'em
Old 04-13-2007, 04:07 AM   #38
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Re: You've got to know when to fold 'em

"No firm numbers since but projections will probably put Indian gaming at around $25 billion for 2006 and commercial gaming around $32 billlion. "

One thing is for sure Indian gaming has become a major force, in American politics. By all accounts they were a major lobbying organization in getting Congress to ban internet gambling. I stopped right after the law went into a effect, but I know a number of people who have money in off-shore casino and now can't get access to it.

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Re: You've got to know when to fold 'em
Old 04-13-2007, 08:39 AM   #39
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by playaman
Actually, Alabama has an Indian casino on the Poarch Creek reservation that utilizes Class II gaming devices (bingo machines that look and feel like Las Vegas slot machines, which are termed Class III under the Indian Gaming Regulatory Act of 1988). An Alabama House subcommittee this week considered legislation that would permit slot machines at race tracks (again), but it appears to be going nowhere.

All told, at least 28 states have Indian gaming (this week's Economist says its 30)and 11 or 12 states have commercial gaming . All but a handful of states now have state lotteries. What's interesting is that Indian gaming will soon catch up with commercial gaming in total gaming revenues. There are about 410 Indian casinos nationwide vis-a-vis 450 or so commercial casinos. Indians "share revenues" in lieu of taxes but often at rates well below what commercial casinos pay under a very complex compacting system with state governments.

Commercial gaming in 2005 brought in about $30 billion; Indian casinos about $23 billion. No firm numbers since but projections will probably put Indian gaming at around $25 billion for 2006 and commercial gaming around $32 billlion. What's amazing is how much demand remains unsatisfied for gaming (despite the smoke, sad denizens of many casinos, etc.). Pennsylvania will soon have slots-only casinos, Kansas just legalized (like this week) for slots at race tracks (called racinos), Maine (I think I remember having read) will have a referendum... and so on.

Fact is that twice before in American history, gambling was everywhere and then it was abolished. Maybe it will happen a third time?
You seem to have a good grasp on the subject matter, so perhaps you (anyone else welcome also) could point me to websites etc that have info on casinos. I'm looking for data on the negatives (crime/health) positives (grants to host cities, jobs) and demographics tidbits (I find the smoking comments interesting) or whatever else might be interesting such as financials. A trip to the GOOG provides many leads, but I've found the bulk of it seems to be written by someone with a dog in the fight.
Any tips appreciated.
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Re: You've got to know when to fold 'em
Old 04-13-2007, 08:46 AM   #40
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Re: You've got to know when to fold 'em

Quote:
Originally Posted by chinaco
Black jack seems to have the best odds for the average gambler... roulette has the worst odds.
I would disagree with the last portion of your statement. If you bet on the board then your odds are a little less than 1 in 38 on an American table, but if you bet on the side your odds can be as good as a little less than 1 in 2.
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