Next Page | Contents | The Precursors to Neo-Tech | Previous Page
| Casino | # of Tables | Games Played | Stakes, $* |
|---|---|---|---|
| Hacienda (739-8911) | 4 | 7 Stud | 1-3 |
| Tropicana (739-2222) | 6 | 7 Stud Razz | 1-2 to 3-6 1-4 |
| Treasury (739-1000) | 3 | 7 Stud Razz Hold 'em | 1-3 1-3 2-4 |
| Marina (739-1500) | 4 | 7 Stud Hold 'em | 1-4, 5-10 2-4 |
| Aladdin (736 0111) | 9 | 7 Stud Hold 'em | 1-3 to 5-10 3-6, 5-10 |
| Dunes (734-4110) | 10 | 7 Stud Hi Lo Stud Hold 'em Razz 2-7 Lowball | 1-4 to 500-1000 15-30 to 50-100 3-6 to 500-1000 1-3 to 30-60 100-200 to 1500-3000 |
| MGM Grand (739-4111) | 16 | 7 Stud | 1-3 to 5-10 |
| Caesar's Palace (731-7110) | 9 | 7 Stud | 1-3 to 5-10 |
| Barbary Coast (737-7111) | 5 | 7 Stud | 1-3, 3-6 |
| Castaways (731-5252) | 2 | 7 Stud | 1-3 |
| Holiday Casino (732-2411) | 8 | 7 Stud | 1-2, 3-6 |
| Imperial Palace (731-3311) | 6 | 7 Stud Draw Low | 1-2 to 5-10 2-5 to 2-10 |
| Desert Inn (733-4444) | 7 | 7 Stud Hold 'em | 1-3, 3-6 1-5 |
| Silver Slipper (734-1212) | 6 | 7 Stud Hold 'em | 1-3, 3-6 3-6 |
| Stardust (732-6111) | 20 | 7 Stud Razz Hold 'em | 1-3 to 15-30 15-30 to 50-100 3-6 |
| Landmark (733-1110) | 4 | 7 Stud Hold 'em Razz | 1-2 to 3-6 2-4 to pot limit 1-3 |
| Silver City (732-4152) | 6 | 7 Stud Hold 'em | .50-1 to 1-6 pot limit |
| Circus Circus (734-0960) | 13 | 7 Stud 6 Stud Hold 'em | 1-3, 3-6 2-4, 4-8 1-5 |
| Riveria (732-0960) | 14 | 7 Stud Hold 'em 2-7 Lowball | 1-3 to 500-1000 3-6 to no limit no limit |
| Sahara (737-2111) | 8 | 7 Stud Hi Lo Stud Razz | 1-4 to 15-30 10-20, 15-30 3-6 to 5-10 |
| Bingo Palace (876-8223) | 3 | 7 Stud Hold 'em | 1-3 2-4 to pot limit |
| Vegas World (382-2000) | 4 | 7 Stud Hold 'em Draw | 1-2, 1-3 1-5 1-3 |
* See footnote to Table 39.
| Casino | # of Tables | Games Played | Stakes, $* |
|---|---|---|---|
| Union Plaza (386-2110) | 7 | 7 Stud Hi Lo Stud Razz Hold 'em | 1-3 3-6 3-6 1-3, 1-6 |
| Holiday International (385-2181) | 6 | 7 Stud Razz Hold 'em | 1-2, 1-6 1-3 2-4 |
| Las Vegas Club (385-1874) | 4 | 7 Stud Razz | 1-2, 1-6 1-3, 3-6 |
| Mint (385-7440) | 10 | 7 Stud Hold 'em Draw (low) | 1-2, 1-3 1-2, 2-4 3-6 |
| Golden Nugget (385-9086) | 12 | 7 Stud Razz Hold 'em Draw (low) | 1-2, 1-3 3-6 1-2 to 20-40 3-6 |
| Horseshoe (382-1600) | 0 | No poker, except the annual World Series of Poker in May. | --- |
| Fremont (385-3232) | 16 | 7 Stud Razz Hold 'em Draw (low) | 1-3 to 3-6 3-6, 5-10 2-4, 3-6 2-5 |
| Four Queens (385-4011) | 9 | 7 Stud Hold'em Draw (low) | 1-3 1-4 1-5 |
| Lady Luck (384-4680) | 4 | 7 Stud Draw Draw (low) | 1-3 1-3 2-4 |
| El Cortez (385-5200) | 4 | 7 Stud Hi Lo Stud | 1-2, 1-3 3-6 |
| Sam's Town (456-7777) | 4 | 7 Stud Hold 'em Dealer's Choice | 1-3 2-4 1-4 |
| Nevada Palace (458-8810) | 3 | 7 Stud Razz Hold 'em | 1-3, 3-6 1-3 1-3, 2-4 |
* Maximum rake at some casinos is as low as $1.50-$2.00 per pot (ask the cardroom manager or floorman for information on game rules and house cut). With thirty to forty hands played per hour, even that low rake permanently removes $45-$80 per hour or about $1000-$2000 per table per day. Allowing for lower cuts and slack periods, the amounts removed from a low-rake table with four or five players averages $500-$1000 per twenty-four-hour day. The average casino poker table extracts from its players an estimated $850 per day or about $300,000 per year. (Also see the second footnote to Table 32.)
The buy-in (the minimum cash value of chips a player must buy to enter the game) is usually ten times the limit of the first bet.
Public poker is a billion-dollar-a-year industry involving 400 California card clubs, scores of card clubs in other states, and about 100 Nevada casinos.
The public poker industry could collapse if a majority of its customers--the losers--ever fully realize the amount of money that they will lose with automatic certainty to the winners (good players, professionals, and professional cheaters) and to the casinos or card clubs (through automatic rakes or time collections). Once they clearly understand their inevitable and inescapable loser's role, some public players might quit poker to save their time and money. Others might switch to private poker to eliminate their automatic losses to the house, the professionals, and the cheaters. Still others might switch to other gambling or casino games to eliminate their losses to the good players, the professionals, and the cheaters. Or would they quit or switch? Would the losers abandon public poker despite knowing the inescapable multiple tributes they must pay to the house, the good players, the professionals, and the cheaters?
All other legalized games have a sound and honest operating base that mechanically extracts fixed percentages from all players. Professional players and widespread cheating do not exist for any casino game (except poker) because in those other games, players cannot extract money from other players--and no player can extract money from the house or casino over the long term. Therefore, no true professional player can exist for any casino game (except in poker and perhaps rare cases in blackjack) because no player can support himself by gambling against immutable odds that favor the house or casino.
The public poker industry, on the other hand, is built on a unique establishment of genuine professional players who make a living by applying superior poker abilities, collusion cheating, or a combination of both to consistently extract money from the other public players--the losers.
Could the billion-dollar public poker industry survive if the losers clearly understood their role of being permanent milch cows to the house, the professionals, and the cheaters? Perhaps . . . perhaps not . . . depending on how many public players would continue to accept their role as suckers and losers.
If the losers ever began rejecting their sucker's role by quitting public poker, the public poker industry would collapse.[ 43 ] Indeed, the entire gambling industry would collapse if customers ever became imbued with rational self-interest and began rejecting their loser's role.
Next Page | Contents | The Precursors to Neo-Tech | Previous Page
[ 43 ] The demise of public poker could benefit good players in private games by causing an influx of losers into their private games, especially in Nevada, California, and other areas in which public poker now exists. But a disadvantageous influx of public-game professionals and cheaters into their private games could also occur.
Disclaimer - Copyright - Contact
Online: buildfreedom.org - terrorcrat.com - mind-trek.com