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Christmas will be coming a bit early for poker players at the Venetian next month. Beginning May 1, the Strip's largest poker room will begin offering a $2 max rake on all poker games 24 hours a day through May 24. The normal rake at Venetian is a $4 maximum.
To the uninitiated, the rake is, basically, how poker rooms make money. Because poker players do battle with each other instead of against the house, the poker room takes a percentage of the money in each pot. In most poker rooms, the rake is 10% of the pot up to a certain amount and it is taken in $1 increments. The first dollar is taken out when the pot reaches $10, the next dollar is taken out at $20, and so on until the maximum rake is reached. The $2 maximum rake at Venetian is a 50% drop from what they usually take and players will see a nice increase in their bottom line because of it.
Gambling / The Strip / Blackjack / MGM Grand / Paris Las Vegas / Bally's / Binion's / Four Queens / Downtown Grand / Downtown / Downtown Vegas / → All Tags
6:5 blackjack. Oh, 6:5 blackjack.
Why we hate 6:5 blackjack
Let’s keep it simple. When a casino pays 6:5 on blackjack instead of the traditional 3:2, you get paid less money when you get a natural blackjack. The difference is getting paid $12 for a $10 wager on a 6:5 game vs. getting paid $15 for a $10 wager on a 3:2 game.
Depending on other rules of the game, this can push the house edge from about 0.43% to 1.88%. That’s a huge shift in odds. You can play with this blackjack calculator to see the house edge in any blackjack game.
Poker / Aria / Binion's / Venetian / Red Rock / Wynn / March Madness / Events / → All Tags
Last-minute buzzer beaters, underdogs pulling off huge upsets, hitting that six-team parlay to make up for the money you blew at the craps table... these are all of the things that make March Madness one of the most exciting times of the year to be in Las Vegas. When you aren't busy hanging out at the sportsbook watching all of the tremendous basketball action, there will be plenty going on in the local poker rooms. Here's a look at some special tournaments series being offered this month:
Downtown / Downtown Vegas / Binion's / Renovations / Construction / Cigars / Smoking / Openings / → All Tags
Over the past year, Binion’s has been quietly making small changes to its casino (the hotel remains closed). It's updated some of its dining options and bars as well. Already this year, Binion’s added $1 Throwback Thursday blackjack to draw attention. The next phase of renovations and additions will be a cigar lounge.
Binion's / Blackjack / Low Rolling / Downtown Vegas / Downtown / → All Tags
We all loooooove cheap gambling. Especially, when the gambling is good. Well, we may have found the best new low rollin' blackjack in Las Vegas. The $1 blackjack at Riviera is cool, but it’s almost impossible to find a seat at the single table devoted to super low rollers. You're more likely to find an open seat at one of the nearby $5 or $10 tables.
It looks like Binion’s took notice of that and improved on it for their Throwback Thursday Blackjack promotion.
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The game’s, perhaps, most popular player and a stalwart tournament director will be the two newest inductees into the Poker Hall of Fame.
A 41-person panel of existing HOF members and poker media members chose Daniel Negreanu and Jack McClelland to enter the hall. An official induction ceremony will be held at Binion's at 7:30 p.m. on November 9, a day before the final table of the World Series of Poker Main Event takes place at Rio. The festivities will take place in the Longhorn Room. Formerly known as Benny’s Bullpen, the room was home to the final table of the WSOP for the bulk of its existence.
Wear your best costume, but be careful when raising Dracula. That player is out for blood. The Poker Gives charity group will host a Monster Mash Halloween Bash poker tournament and costume party at Binion's November 1 at 5 p.m. (Yes, not on Halloween, but the night after giving us one more reason to keep our costume on. The other, of course, being the hangover from the night before.)
Half of the money will go to the prize pool and half will be divided up between four charities: Diabetes Action Research and Education Foundation, Special Olympics Nevada, Step by Step Foundation and Wish Upon a Hero Foundation.
Gambling / Poker / World Series Of Poker / Binion's / Aria / Venetian / → All Tags
The World Series of Poker wound down last week. The nine remaining players in the Main Event (CardsChat.com takes an in-depth look at them here) will return in November to play for $10 million. As the brass at Caesars Entertainment closed the doors to the Amazon room at the Rio convention center, it represented the end of nearly two months of poker nirvana for both amateur and professional players alike –- unless, like this writer, you were quickly shown the door with a meager bankroll and a string of bad luck.
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There's more happening in Downtown Vegas than fast-changing drinking laws. (Although, if you haven't heard yet, there's another you should be aware of.) Here's a roundup of what's taking place, from remodels to new spots to sip and sup:
Mermaid's is getting a substantial refresh. Its snack bar is up and running again after a week-long renovation according to our @sammasseur who also spied new casino carpeting, new slot chairs and even new slot machines themselves. Sam was told the casino bar along with the cashier cage are next in line for an update. The biggest news is that the casino will covert its slot machines from coin to TITO (Ticket In, Ticket Out) in about two months time.
Free self-parking options are quickly disappearing in downtown Las Vegas. With Main Street Station and The California now charging for parking and El Cortez's formerly “free lot” charging for “event parking,” it may be time to just accept the fact parking will come at a price.
VegasChatter friend John Mehaffey sent us this photo of the new parking restrictions at Binion’s. Once home to the last machine where anybody could walk up and get a parking ticket validated, Binion’s is changing its tune. As of June 15, parking validation is only available to guests who are actively gambling or dining inside the property.
Downtown / Downtown Vegas / The D / Golden Gate / Binion's / Four Queens / Plaza / Las Vegas Club / Golden Nugget / Fremont Hotel / Main Street Station / El Cortez / → All Tags
Another tentative deal has been made between a downtown casino and the Culinary and Bartenders Unions.
This morning, it was announced that an agreement had been reached with The D; although, its sister casino, Golden Gate, is still among a shrinking number of downtown casinos with expired union contracts. Also in that group:
Four Queens, Binion's, Plaza and Las Vegas Club... no one.
Downtown / Downtown Vegas / The D / Four Queens / Binion's / Fremont Hotel / Main Street Station / Plaza / El Cortez / Golden Gate / → All Tags
Will workers at nine Downtown Vegas hotel-casinos walk off the job this Sunday, June 1?
That's the deadline set by the Culinary and Bartenders Unions after negotiations with The D, Four Queens, Binion’s, Fremont, Main Street Station, Plaza, Las Vegas Club, El Cortez, and Golden Gate have failed to yield new contracts.