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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.
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Timeshare promotions in Las Vegas often give out Casino Royale slot play, to be used at specific machines. In the late 1990s, Casino Royale had the highest odds in Nevada at craps. The game was a 50 cent minimum bet game, which allowed a player to place 100 times more in the odd bet. It was not uncommon to see 50 cent bets with $25 to $50 odds ...
If a "trader" thinks these odds too long he may bet $1000 on the Jets, and should he prove correct and the odds on the Jets get shorter, "lay off" by laying, say, a $1016 bet against the Jets at 1.87. If the Jets win, he collects $900 on his bet on the Jets and pays out approximately $884 on the bet he laid against the Jets.
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It was the first casino in downtown Las Vegas (also called Glitter Gulch) to replace sawdust-covered floors with carpeting, [4] and was the first to offer comps to all gamblers, not just those who bet big money. [5] [6] Binion also instituted high table limits. When Binion first opened the Horseshoe, he set the craps table limit at $500—ten ...