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Even though there are a number of casinos in Las Vegas, you will find most of the table games are the same. What varies are the betting limits and odds.
There are a total of 22 different table games spread in Las Vegas. Some games are only available at one casino. Others, like blackjack, are spread at all casinos that have table games. Below is a list of all Las Vegas table games. The link provided in each section shows which Las Vegas casinos offer the game.
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Las Vegas Casino Games
Baccarat
Cajun Stud
Casino War
Asia Poker – Asia Poker is a Pai Gow Poker variant. It is only found at Gold Coast and Paris Las Vegas. Gold Coast spreads for $10 and Paris for $25.
Baccarat – Baccarat is one of the most profitable games spread by Las Vegas casinos. Nearly all Strip, downtown, and off-strip casinos spread this game.
Big Wheel – Big Wheel is a game of pure luck. It often has a $1 minimum. The game is available in video and live formats; found at casino entrances.
Cajun Stud – Cajun Stud is Mississippi Stud with side bets. It’s no longer available at any Las Vegas venue.
Caribbean Stud – Caribbean Stud is a five-card game that is nearly extinct. Monte Carlo, Palazzo, and Venetian offer Caribbean Stud.
Casino War – Casino War is exactly like the game that kids play; except money is wagered. The minimum bet is usually $10 or $15.
Craps
Deuces Joker Wild
Double Ball Roulette
Chase the Flush – Chase the Flush combines the rules of High Card Flush and Ultimate Texas Hold’em. It is available at Luxor and Silverton.
Craps – Craps is a Vegas casino favorite. Minimum bets start at $1 on Boulder Highway and run up to $50 at Wynn and Encore for the tables with favorable odds. The Cromwell offers 100 times odds, the highest in Las Vegas. Our data includes the odds at each casino in Las Vegas.
Crazy4Poker – Nine Las Vegas casinos spread Crazy4Poker. The minimum bet is $5 or $10. Crazy4Poker lost more tables than any other game last year.
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DJ Wild – DJ Wild is a game spread at Harrah’s. It includes four wild deuces and a joker. The minimum bet is $10. Harrah’s spreads two tables of the game.
Deuces Wild Hold’em – Deuces Wild Hold’em is more like a stud game. It can only be found at The D in downtown Las Vegas. It has a $5 minimum bet.
Double Ball Roulette – Double Ball Roulette is offered at Binion’s in downtown Las Vegas. There are two balls on every spin and has a $2 minimum bet.
Let It Ride
Pai Gow Poker
Roulette
High Card Flush – High Card Flush uses flush hands to decide the winner. It is the hottest new game in Las Vegas casinos. The minimum bet is $5 or $10.
Let it Ride – Let it Ride is a classic game; plays like five card stud. The minimum bet is either $5 or $10. NY-NY offers a video version with a $1.25 bet.
Mississippi Stud – Players raise in hopes of making at least a pair of 6’s in Mississippi Stud. Has a $5 minimum bet, high-end casinos require $10 to play.
Pai Gow Poker – Pai Gow Poker is a favorite among Las Vegas gamblers. Pai Gow can have a $5 minimum bet and can go up as high as $25 or $50.
Pai Gow Tiles – Pai Gow Tiles uses tiles instead of cards. The minimum bet is $10 at Palace Station and $100 at Wynn. Other casinos have a $25 min bet.
Roulette – Roulette at Las Vegas casinos offers: heads up and multi-player video versions, single zero games, double zero, and triple zero. Triple zero is only spread at Venetian and Palazzo. Minimum bets range from $1 at El Cortez up to $100 for some European Roulette games at MGM properties.
Texas Hold’em Bonus
Ultimate Texas Hold’em
River Hold’em – River Hold’em is similar to Ultimate Texas Hold’em. Club Fortune in Henderson offers it. The minimum bet is $5.
Texas Hold’em Bonus – Texas Hold’em Bonus has a $5 minimum bet at Caesars and Boyd casinos. It has a $10 minimum at MGM Resorts casinos.
Three Card Poker – Three Card Poker is the most popular poker table game in Las Vegas. Players will find the game with a $2 minimum at Jokers Wild and $3 minimum at Railroad Pass. Most Vegas casinos have a $5 minimum, with some luxury resorts requiring $10.
Ultimate Texas Hold’em – Ultimate Texas Hold’em was the most popular table game to come out of the poker boom. The lowest Ultimate Texas Hold’em minimum bet in Las Vegas is at Jerry’s Nugget at $2. Most Las Vegas casinos have a $5 minimum, with some luxury resorts going up to $15.
Slot machines are a popular type of casino game.
Games available in most casinos are commonly called casino games. In a casino game, the players gamble cash or casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinos, where permitted by law. Casino games can also be played outside casinos for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling.
Categories[edit]
Overhead view of a casino floor with table games (bottom) and slot machines
There are three general categories of casino games: gaming machines, table games, and random number games. Gaming machines, such as slot machines and pachinko, are usually played by one player at a time and do not require the involvement of casino employees to play. Tables games, such as blackjack or craps, involve one or more players who are competing against the house (the casino itself) rather than each other. Table games are usually conducted by casino employees known as croupiers or dealers. Random number games are based upon the selection of random numbers, either from a computerized random number generator or from other gaming equipment. Random number games may be played at a table or through the purchase of paper tickets or cards, such as keno or bingo.
Some casino games combine multiple of the above aspects; for example, roulette is a table game conducted by a dealer, which involves random numbers. Casinos may also offer other type of gaming, such as hosting poker games or tournaments, where players compete against each other.
Common casino games[edit]
Notable games that are commonly found at casinos include: Joker wild casino.
Table games[edit] | Gaming machines[edit] | Random numbers[edit] |
House advantage[edit]
Casino games typically provide a predictable long-term advantage to the casino, or 'house', while offering the players the possibility of a short-term gain that in some cases can be large. Some casino games have a skill element, where the players' decisions have an impact on the results. Players possessing sufficient skills to eliminate the inherent long-term disadvantage (the house edge or vigorish) in a casino game are referred to as advantage players.
The players' disadvantage is a result of the casino not paying winning wagers according to the game's 'true odds', which are the payouts that would be expected considering the odds of a wager either winning or losing. For example, if a game is played by wagering on the number that would result from the roll of one die, true odds would be 5 times the amount wagered since there is a 1 in 6 chance of any single number appearing, assuming that the player gets the original amount wagered back. However, the casino may only pay 4 times the amount wagered for a winning wager.
The house edge or vigorish is defined as the casino profit expressed as the percentage of the player's original bet. (In games such as blackjack or Spanish 21, the final bet may be several times the original bet, if the player double and splits.)
A European roulette ('single zero') wheel
In American roulette, there are two 'zeroes' (0, 00) and 36 non-zero numbers (18 red and 18 black). This leads to a higher house edge compared to European roulette. The chances of a player, who bets 1 unit on red, winning is 18/38 and his chances of losing 1 unit is 20/38. The player's expected value is EV = (18/38 × 1) + (20/38 × (−1)) = 18/38 − 20/38 = −2/38 = −5.26%. Therefore, the house edge is 5.26%. After 10 spins, betting 1 unit per spin, the average house profit will be 10 × 1 × 5.26% = 0.53 units. European roulette wheels have only one 'zero' and therefore the house advantage (ignoring the en prison rule) is equal to 1/37 = 2.7%.
The house edge of casino games varies greatly with the game, with some games having an edge as low as 0.3%. Keno can have house edges up to 25%, slot machines having up to 15%.
The calculation of the roulette house edge was a trivial exercise; for other games, this is not usually the case. Combinatorial analysis and/or computer simulation is necessary to complete the task.
In games which have a skill element, such as blackjack or Spanish 21, the house edge is defined as the house advantage from optimal play (without the use of advanced techniques such as card counting), on the first hand of the shoe (the container that holds the cards). The set of the optimal plays for all possible hands is known as 'basic strategy' and is highly dependent on the specific rules and even the number of decks used. Good blackjack and Spanish 21 games have house edges below 0.5%.
Traditionally, the majority of casinos have refused to reveal the house edge information for their slots games and due to the unknown number of symbols and weightings of the reels, in most cases it is much more difficult to calculate the house edge than that in other casino games. However, due to some online properties revealing this information and some independent research conducted by Michael Shackleford in the offline sector, this pattern is slowly changing.[1]
In games where players are not competing against the house, such as poker, the casino usually earns money via a commission, known as a 'rake'.
Standard deviation[edit]
The luck factor in a casino game is quantified using standard deviations (SD).[2] The standard deviation of a simple game like roulette can be calculated using the binomial distribution. In the binomial distribution, SD = √npq, where n = number of rounds played, p = probability of winning, and q = probability of losing. The binomial distribution assumes a result of 1 unit for a win, and 0 units for a loss, rather than −1 units for a loss, which doubles the range of possible outcomes. Furthermore, if we flat bet at 10 units per round instead of 1 unit, the range of possible outcomes increases 10 fold.[3]
- SD (roulette, even-money bet) = 2b√npq, where b = flat bet per round, n = number of rounds, p = 18/38, and q = 20/38.
For example, after 10 rounds at 1 unit per round, the standard deviation will be 2 × 1 × √10 × 18/38 × 20/38 = 3.16 units. After 10 rounds, the expected loss will be 10 × 1 × 5.26% = 0.53. As you can see, standard deviation is many times the magnitude of the expected loss.[4]
The standard deviation for pai gow poker is the lowest out of all common casino games. Many casino games, particularly slot machines, have extremely high standard deviations. Takea break bingo. The bigger size of the potential payouts, the more the standard deviation may increase.
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As the number of rounds increases, eventually, the expected loss will exceed the standard deviation, many times over. From the formula, we can see the standard deviation is proportional to the square root of the number of rounds played, while the expected loss is proportional to the number of rounds played. As the number of rounds increases, the expected loss increases at a much faster rate. This is why it is impossible for a gambler to win in the long term. It is the high ratio of short-term standard deviation to expected loss that fools gamblers into thinking that they can win.
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It is important for a casino to know both the house edge and variance for all of their games. The house edge tells them what kind of profit they will make as percentage of turnover, and the variance tells them how much they need in the way of cash reserves. The mathematicians and computer programmers that do this kind of work are called gaming mathematicians and gaming analysts. Casinos do not have in-house expertise in this field, so outsource their requirements to experts in the gaming analysis field.
See also[edit]
References[edit]
- ^'Michael Shackleford is the wizard of odds'. Observer. Retrieved 13 October 2015.
- ^Hagan, general editor, Julian Harris, Harris (2012). Gaming law : jurisdictional comparisons (1st ed.). London: European Lawyer Reference Series/Thomson Reuters. ISBN978-0414024861.
- ^Gao, J.Z.; Fong, D.; Liu, X. (April 2011). 'Mathematical analyses of casino rebate systems for VIP gambling'. International Gambling Studies. 11 (1): 93–106. doi:10.1080/14459795.2011.552575. S2CID144540412.
- ^Andrew, Siegel (2011). Practical Business Statistics. Academic Press. ISBN978-0123877178. Retrieved 13 October 2015.
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