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Futures: As the name implies, a futures bet is a wager placed on an event further into the future. For a futures bet, you may be wagering on who will go to the Super Bowl next year. Propositions (Prop Bet): Prop bets are fun to wager on, especially if you’re not as experienced with sports betting. These are bets like “who will be the first. Sep 24, 2018 Gambler X is a professional sports bettor who makes his living betting legally in Las Vegas. He has agreed to share insights and experiences in the betting industry but prefers anonymity to keep. They offer a variety of different betting types and it’s great to get to know each betting option so you can make the right bet depending on which game or match you plan to wager on. Betting on the moneyline in Vegas is the most popular option and a common betting type across the United States.
Casino Whales. They’re Big All Right.
Have you ever heard of a strange creature called a Casino Whale? This isn’t something you’re likely to see surfacing off the coast of Vancouver or the Cape of Good Hope. These boys and girls are to be found in the gambling palaces of Las Vegas, Macau and Monaco and they are BIG. Big Spenders that is, and the casinos love ’em.
Let’s take a look into their mysterious world, shall we?
Casino Whales is an industry term for big spending high rollers in the world of gambling. These players can regularly bet hundreds of thousands or even millions of dollars in a single session.
If you follow movie trends, you might think that roulette and poker players make up most of the numbers (something to do with the James Bond film perhaps?) And yes, there are many roulette whales, but the game of choice for your typical Casino Whale is baccarat, particularly in Macau. One of the world’s most famous whales, the late Kerry Packer, probably had a lot to do with this statistic.
In April 2017, a group of Casino Whales won $10million at the Wynn Palace Macau. Ouch!
Casino Whales have been known to bet as much as $5 million in one night – you can see why casinos bend over backwards to try and entice them through the doors. They are a double-edged sword though- some businesses over the years have had to issue profit warnings too their shareholders after a lucky run from one of their high roller punters.
In July 2017, for example, Casino tycoon Steve Wynnreported during a conference call with stock analysts, that a group of Baccarat Whales won $10 million in his Wynn Palace in Macau in April 2017. The win even shocked the casino billionaire. One of his leading casinos lost money for the entire month.
How to Fish For Casino Whales
So how do you attract a whale to your casino? They can be slippery, elusive mammals.
Well, lots of free stuff helps like free luxury limos, cash back on gambling losses, and a free credit card to shop with – that’s always good for persuading the other half to come along for the ride.
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You might want to to organise a private concert with one of the Whales favourite bands, and you’ll need somewhere flash for them to stay such as the penthouse suites in the Cosmopolitan. If you bet big enough, you’ll be staying for free (a so called “comp”) or you at least get a fat discount.
The Nobu Penthouse at Caesars. Not too shabby.
If you want whales, you’ll also need a special place for them to play as they only like hanging out in smaller pods (with other whales mostly). So make sure you have some swish VIP tables, and string some purple rope across the entrance with a few big bouncers on the door.
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Whales Like to Eat
Joël Robuchon in the MGM Grand should sort the Whales out from the Minnows. It has 3 Michelin stars and a meal here will set you back around $500. Unless you go crazy on the wine list, in wish you are looking at a considerably higher price tab.
Joël Robuchon
These whales don’t care much for plankton, but they do like their grub, so if you want them in your casino, you’ll need some fancy restaurants, preferably with some Michelin Stars. A meal will probably set you back about $500 by the way, but if you’re a Whale, you might get a freebie.
Other things to pull out of your hat include amazing views of the Strip, an exclusive check-in service, and guaranteed privacy during their stay,
Oh, it’s a Whale’s Life alright!
Gambling isn’t as popular as it once was in Las Vegas. However, the majority of people who visit Las Vegas still like to get in on the action. Even if it’s not the main attraction, gambling is still part of the Vegas experience. If gambling isn’t your focus when you visit Las Vegas, you might want to read up on some of the better games to play.
Casino games are supposed to provide the customer a fun experience with the chance of possibly winning a few bucks. At the same time, every game available in the casino is designed to make the operator money. When the games are set up with traditional rules both sides are satisfied. The visitor has fun and over time the casino operator makes money.
That’s not always the case in casinos on the Vegas Strip today. Over the years since casino games were first introduced the rules have changed. When a casino operator changes the rules of a game, it’s usually for their benefit. Today on the Vegas Strip you’ll find worse rules in some casinos for blackjack, roulette, and craps than you did five years ago.
Each of these rule changes has given the casino a larger house edge. This means that over time they’ll make more money from every hand bet than with the old rules. For example, with perfect play and liberal rules the house edge on a blackjack game could be close to 0.18%. Under today’s rules at many casinos, the house edge in blackjack is over 2% even with perfect play.
Having said that, even bad blackjack rules aren’t the worst bet in the casino – if you know how to play perfect basic strategy. More than ever before, most people visiting Las Vegas don’t know basic strategy. Why would they? Casino gambling makes up a small portion on how much a visitor will spend in Las Vegas.
It’s not all doom and gloom in the casino. You can still find casinos with good rules and odds if you head off the Vegas Strip. Even if you stay on the Vegas Strip, there are still more than a few good bets you can make. In fact, some of the best bets in the casino involve the most the most fun game in the casino. Take a look.
Craps
This is easily the most fun game in the casino and it has some of the best bets in the casino. That said, craps can also be the most intimidating game in the casino. It’s understandable that the large table, number of players, amount of betting options and rambunctious players might intimidate new gamblers. However, hidden behind the chaos are some of the best bets in the casino.
The starting bet for most craps players is also the best bet on the table. The house edge on a Pass Line bet is 1.41%. You can reduce that edge by placing free odds (different at each casino) on the Pass Line bet after a point is established. If you’re a contrarian you can play against the table and play the Don’t Pass bet. The house edge on the Don’t Pass wager is only 1.36%.
Pai Gow Poker
If you prefer a slower paced game then you might want to look at Pai Gow Poker. This might not be the first game you think of when visiting a casino but it’s one of the best you can play for a variety of reasons. The players must make two hands with each deal. The player wins the wager when they beat the dealer with both hands. Likewise, the player loses the wager if the dealer wins both hands. If the game is split, then the hand is a push.
You’ll see a push over 40% of the time when playing Pai Gow Poker. All of the pushes helps to extend the amount of time play. Above and beyond the pace and pushes, Pai Gow Poker has a small house edge. Overall, this game only has a 1.46% house edge. This is among the smallest in the casino.
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Baccarat
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This isn’t the most popular game in the casino by the number of tables. However, there’s often more money wagered on baccarat than all other table games in Las Vegas. The game is simple, you wager that the player or banker will win or that there will be a tie.
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The house edge when you bet on the banker is only 1.06%. That’s the best bet in the casino. The house edge when you bet on the player is only 1.24%.