I'm the SVP of Casino at the Riviera and came up with all these reduced odds games as a promo tool to get people in our place. I also read 2+2 constantly so I'm surprised I missed this thread.
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Originally Posted by Pokeraddict
My wife and I had dinner there at their steakhouse (which is very good, especially for the price) and they have signs all over the property advertising 1000x. I checked out the table and it was true. $5 min 1000x $5000 max odds.
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Yeah, the steakhouse is newly redone and it is the shizz! We began 10x Odds on Craps last summer, then a few weeks ago I literally said "F it, let's do 1000x Odds!"
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Originally Posted by Pokeraddict
Riv is taking an interesting marketing path. They have no commission Pai Gow, single zero roulette, 3-2 single deck BJ and 1000x craps. While other strip properties are becoming a bigger ripoff every day, Riviera is going in the other direction. I like their thinking and hope they are rewarded.
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Thanks for the well wishes! I spent a few years in Macau and became addicted to the ridiculous action in the table games and in the poker rooms. I took the job at Riv without ever setting foot in the property (even tho I'm a LV native). Ever since I started about a year ago, my main objective has been to create a place with sick action that true casino gamblers would love to come to.
I completely agree with you that other casinos are becoming more and more of a rip-off. A few months ago while playing poker at Aria I went over to that grill by the sports book and ordered a burger, fries and coke for $38. I guess they have to pay off that $6billion debt one burger at a time!
I want the Riv to be the opposite of this.
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Originally Posted by Pokeraddict
Except one bet is $5, the other is $3388. The house advantage is drastically different from a percentage standpoint. You are getting a lot more money in action for just $.07 in vig on 1000x as opposed to taking no odds, or 5x, 10x, 100x etc.
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There are two ways to look at what the 1000x odds does to our statistical advantage.
Technically, I believe it does nothing because I look at the bets as two separate transactions. The pass line bet of $5 carries it's built in advantage for the house. The second transaction, the odds, is a break-even bet for both sides. I basically pretend it doesn't even happen. The other way to look at it is that it dilutes the advantage based on how much odds you take.
Please PM me for my contact info and give me a call when you come in. I'd love to watch anyone take a shot at our games!