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Social gaming versus gambling

As you no doubt know, I tend to gamble.  Usually it'll be blackjack or poker.  But those are games where the 'social' aspect doesn't exist too much.  As Heinlein said, "you're not there to have fun, you're there to cut the other person's heart out."  Which describes how I play when I'm at the blackjack table... I'm not there to drink and have a 'good time', if I wanted to do that I'd play three-card poker, Let It Ride or Caribbean Stud.  Those are a) social games, and b) designed to take all your money while you're having a 'good time.'  No one makes money (serious money) playing those games.  No, the serious money is made when you gamble, playing either blackjack, craps or baccarat.  And the casinos know it.

Just as an example, you go into the Beau Rivage on a Saturday Night, and you'll see the blackjack tables are like $25 and $50 minimums, but the baccarat table is a $300 minimum.  That's not in the high stakes are, that's right on the main floor as you walk to the cashier.  And there's going to be at least two, if not all four at that level, and all four tables will be close to filled.

Now that's serious gambling.

Compared to the whales (the folks doing $10k bets and larger) I'm just a very small guppy.

Comments

( 2 comments — Leave a comment )
mshollie
Oct. 24th, 2010 01:39 pm (UTC)
And I know how you gamble. *wink*
tal_greywolf
Oct. 25th, 2010 10:40 am (UTC)
It was interesting. On the table I took the lion's share of my winnings, there was this one lady sitting there playing opposite me. She kept playing two hands, even though everyone kept telling her to drop to one hand, as she wasn't winning at all and in fact dropped $1000 while I was there. But she was stubborn in not changing her way of playing, and it cost her.

Once she left, however, things got real hot for myself and the other guy playing on that table. That's when it really started going our way.
( 2 comments — Leave a comment )

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tal_greywolf
Tal Greywolf

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