Table Minimum and Maximum Bets is
there any Advantage?
Dear
Mark,
Casino Windsor has high table minimums and low table
maximums. Is this a player advantage? Danny B.
Quite
the contrary, Danny. It’s a huge advantage for
the casino, and here’s why. Casinos win for two
reasons. First, a statistical edge (percentage advantage)
on each and every game, and second, they have a whole
lot more cash and staying power than you do. For the
latter, it’s a simple concept called “gambler’s
ruin.”
In essence, it’s
how long will it take you—with your limited
bankroll—to lose everything to a casino, which
has a relatively infinite wad of cash. So even if
you do have a short-term winning streak, Danny,
when the house has this infinite stake, they can,
and will, always outlast you.
Now to your situation playing the high minimums/low
maximums limits. When you have a casino with a competition-free
monopoly, you tend to find table limits that, in
my humble opinion, border on larceny. This scenario
eliminates low-stakes betting (high minimums); plus,
the ability to parlay your winnings by increasing
your bets (low maximums) is removed. Unfortunately,
when you play under these conditions, depletion
of a low roller’s bankroll in a matter of minutes
is not uncommon.
So the long and short of it is this, Danny. Avoid
playing high minimums/low maximums table limits
like the plague!
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