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Got a call from my brother last night staying at the MGM. He said there were $5 blackjack tables (multiple) on a Saturday night and they were paying the old 1 1/2 to 1 odds for a blackjack again. That, and he said it was dead. Last time I went to Vegas in 07', couldn't find a $5 or $10 table even in Old Vegas. Ouch. Guess card counting is back though!
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Re: Vegas On Life Support
Last time I was in Vegas - June of '07 - there was nothing less than $25 blackjack tables in the MGM.
Tough times indeed for Gamblor. -
Re: Vegas On Life Support
when it gets to single deck $5 tables... i'm there!Originally posted by babbittd View PostComment
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Re: Vegas On Life Support
Just as an interesting addendum to playing blackjack:Originally posted by metalman View Post
http://www.nber.org/papers/w14955.pdf
"Psychologists study regret primarily by measuring subjects’ attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected regret affects peoples’ decisions during gambles. Even among a group of people who choose to participate in a risk-taking activity, we find strong evidence of an economically significant omission bias: players incur substantial losses by playing too conservatively. This behavior is prevalent even among large stakes gamblers, and becomes more severe following previous aggressive play, suggesting a rebound effect after aggressive play."Comment
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