- In casino poker, you play for table stakes. This means that you play with the chips that you have on the table. You’re not allowed to go into your pocket for more money in the middle of a hand. If you run out of chips you announce that you are “All IN” and you will only.
- Go all in at the new Parx Poker Room located inside the main casino building! Featuring over 48 action packed tables with beautifully appointed high-end finishes, 22 high definition TVs, and an exclusive 3-table VIP high-limit poker enclave. Poker has now joined the 124 other live table games, providing the best overall live table game action under one roof.
No Limit Hold’em has taken over the Las Vegas Strip. Every poker room spreads it as the main game. There are still a few poker rooms in Las Vegas that offer fixed limit games. This may be Texas Hold’em, Omaha High/Low, Seven Card Stud or mixed games.
Fixed limit games are more prevalent in the locals casino market although there are some on the Strip. This is a list of poker rooms where one will find fixed limit games on a regular basis.
Las Vegas Strip Fixed Limit Poker Games
Bellagio is the largest poker room in Las Vegas based on cash game tables at any given time. Players will find regular 4/8, 10/20, 20/40 and 40/80 Fixed Limit Hold’em. A 20/40 Seven Card Stud game is spread several days a week. The same can be said for 30/60 Omaha Hi/Low. Bellagio is the best place in Las Vegas to find high stakes mixed games that are usually spread in the fixed limit format.
Designed by world-renowned Feng Shui master Bill Kane, our High Limit salon evokes elements of balance and harmony to support positive energy flow. Players also have exclusive access to a private bar, secluded cash cages, and other VIP amenities. Credit applications are available at the High Limit cash cage. It can also be filled out online.
Bobby’s Room is home to high limit games in Las Vegas. It is an enclosed glass area towards the rear of the poker room. Fixed limit mixed and Texas Hold’em games are available there on a regular basis. The lowest limit is often 100/200.
Flamingo
Flamingo is the only place on the Las Vegas Strip where 2/4 Fixed Limit Hold’em is spread. The game is available daily. It sometimes runs 24 hours a day. An occasional 3/6 and 4/8 fixed limit game is also found here.
Mirage is home to a regular 3/6 Fixed Limit Hold’em game. It runs most hours of the day.
Treasure Island
Treasure Island is currently spreading 3/6 Fixed Limit Hold’em. The game has a $3 max rake. One benefit of playing at Treasure Island is that the parking is free.
Downtown Las Vegas Fixed Limit Games
Most of the fixed limit action in downtown Las Vegas moved to Golden Nugget. Players will find 2/4 regularly there. There is also an occasional 3/6 Texas Hold’em fixed limit game at Golden Nugget.
Fixed Limit Games in Locals Casinos
The Orleans
The Orleans is a top three poker room in Las Vegas. It is home to Omaha Hi/Low. This is spread in 4/8 and 8/16 limits. There is also an occasional 15/30 Omaha Hi/Low game. The Orleans is also home to a regular 4/8 Omaha Hi game.
Fixed Limit Texas Hold’em is also spread daily at The Orleans. It is found in 2/4 and 4/8 limits.
Red Rock is another locals casino that spreads fixed limit games. Players will find 2/4 and 4/8 Fixed Limit Texas Hold’em daily. A 4/8 Omaha High/Low game runs on a regular basis.
Boulder Station
Boulder Station is home to Fixed Limit Omaha Hi. This is available in the 4/8 limit nearly 24 hours a day. A 2/4 Fixed Limit Hold’em game is common. Hold’em may be found occasionally in the 4/8 limit.
Green Valley Ranch spreads a regular 2/4 Fixed Limit Hold’em game. There is a 3/6 game during peak hours.
Palace Station
Palace Station is home to a regular 2/4 Fixed Limit Hold’em game. This is played with a kill.
Sam’s Town runs a 3/6 Omaha Hi/Low about four days a week. There is also a limit stud game that runs on Saturday mornings.
Santa Fe Station
Santa Fe Station offers fixed limit Texas Hold’em and Omaha High/Low. These are spread regularly in the 2/4 and 3/6 limits.
Casino Poker Table
South Point
South Point spreads a regular 2/4 Fixed Limit Hold’em game. There are usually as many limit games and no limit ones at South Point.
Suncoast is home to Seven Card Stud Hi/Low in Las Vegas. There is a regular 4/8 and 6/12 game. The eight or better qualifier is used. There is also a 2-10 spread limit version off this game with a pair of jacks or better qualifier for high.
Stud is not the only fixed limit game offered by Suncoast. There is a regular 2/4 Hold’em game. Weekends may see a 4/8 one, too. There is a low limit Omaha Hi/Low game many afternoons.
Spread Limit Games
Spread limit games run similar to fixed limit ones. The blinds are either a single $2 or a $1 small blind and $2 big blind. Sam’s Town, Cannery, Palace Station, Excalibur and Monte Carlo spread a regular 2-6 Texas Hold’em game.
The table limit is the minimum and maximum bet that a gambler can make at a gaming table. It is a form of yield management in that the limits can be changed to optimize the profit from a gaming table. Gaming tables have a limited resource to sell: the seats used by the players.
Poker Table
Minimum table limits[edit]
Table limits can also be used to manage, in a limited manner, who plays at tables. A casino that wants to project a more exclusive image can set the limits higher so that the casual player walking through would not be as likely to sit down and play. Also games with a lower house edge often have a higher minimum bet. Baccarat almost always has a high minimum bet since the house edge is relatively low. Often a casino will advertise a low minimum game as a teaser, a sign might read $2 blackjack 24 hours a day. However, the $2 minimum game might be available at only one table and the payout might be 6:5 for a blackjack.
Historically the attitude has changed about table limits. In the early 1990s 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.[original research?]
Players who are seated when the limit is changed are usually grandfathered in at the old limit. 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 3:2 payouts, but still include some limitations like limiting the player from doubling soft combinations. Since the electronic machines are available 24/7 and do not require a paid dealer, they are popular ways to augment the gaming pit.[1]
High table limits[edit]
Table maximums can be as low as $50 at the small locals casino Poker Palace,[2] but major strip casinos usually offer some tables with a $10,000 maximum. Exceptions are the Golden Nugget in downtown which permits $15,000 bets, and three tables at Caesars Palace which permit bets between $5,000 and $50,000.[3]
High table limits have their own requirements. For instance as of the year ending September 2009, the 231 blackjack tables in downtown Las Vegas earn an average of $531 per day and the 36 craps table earn an average of $2258 per day in gross revenue before expenses. 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. For a small casino table maximums are set at $100–$500 per bet. The larger casino can afford larger maximums.[original research?]
Tim Poster and Tom Breitling purchased the Golden Nugget casino in downtown Vegas in January 2004. Although they personally invested $50 million of their own money in the project, they did not have the deep pockets of a major corporation. 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. The strategy worked for around 9 months until a high roller won $8.5 million over a two-week period and wiped out their profit for a year. The owners elected to return to table limits to something less risky. After selling the casino to Landry's Restaurant Tom Breitling wrote a book entitled Double or Nothing about running a high risk business.[4]
High rollers are usually handled by the largest corporations with revenues of several billion dollars a year. The corporations can handle large quarterly variations in profits. In the 21st century Las Vegas changed their policy established in 1931 that all gaming should be public. They permitted small clubs to be opened strictly for high rollers. The Paiza Club in the Palazzo hotel requires that players have at least $300,000 of credit or on front money deposit to play.[5] Live feeds directly to the State Gaming Commission are a requirement.
A table or a game without a limit is commonly referred to as no-limit. These tables generally allow the player to bet as much as they wish. This is a common form of Texas hold 'em in tournament play where the size of the bets are limited by the chips in play or cash games where the bet is limited by the size of the 'buy in' or chips one has accumulated prior to the current hand. No-limit can be a somewhat deceptive term, however, as one may not bring more money to the table once a hand has started or place a bet for more than the total amount that one has in play when the hands starts.
There is a widely held belief that casinos instituted maximum table limits to limit Martingale betting strategies. The simplest of these strategies involves a player doubling his or her bet every time a loss is incurred on a bet with even odds, until he or she wins.[6][7] In reality casinos are not at risk from Martingale players. They are at risk against the lucky player who is betting an amount that would be proportionately high for that particular business.It is considered that the number of high and low limit tables are unique to each casino. For example, in Las Vegas Neighborhood and Downtown casinos usually have lower limit tables than Strip casinos. Locals point, that The El Cortez on Fremont Street has plenty of low-limit games, plus blackjack from a single or double-deck shoe.[8]
References[edit]
- ^'Table Master'. Archived from the original on November 26, 2009.
- ^'Poker Palace web site'.
- ^Wizardofvegas.com: Las Vegas Blackjack Survey
- ^'Tom Breitling's Web Page'.
- ^'Nevada Gaming Control Board'.
- ^'The Martingale system at Baccarat'.
- ^'Martingale in Baccarat'.
- ^TERRISA MEEKS. 'Make a Date With Lady Luck at Las Vegas' 10 Best Casinos'. 10best.com.
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