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The table limit is the minimum and maximum bet that a gambler can make at a gaming table. It is a form of yield management in that the limits can be changed to optimize the profit from a gaming table. Gaming tables have a limited resource to sell: the seats used by the players.
Minimum table limits [ edit ]
Table limits can also be used to manage, in a limited manner, who plays at tables. A casino that wants to project a more exclusive image can set the limits higher so that the casual player walking through would not be as likely to sit down and play. Also games with a lower house edge often have a higher minimum bet. Baccarat almost always has a high minimum bet since the house edge is relatively low. Often a casino will advertise a low minimum game as a teaser, a sign might readR$2 blackjack 24 hours a day. However, theR$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. The low minimums created a general excitement in the casinos as hundreds of people would jostle to play table games. However, casinos floors generally had twice as many employees as they do today. It also made it much easier to introduce new gamblers to table games. Most casinos today would prefer that the low rollers play slot machines which do not require as much oversight.
Normally the limits are set to optimize the return from the seats. Since all table games give the house an advantage, the larger the bets, the larger the house's profit, so the house needs to manage the minimum bets to keep the seats full. This usually results in a low limit early in the day when there are fewer players with the limits increasing as more players become available.[original research?]
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The main difference between system bets and multi (parlay) bets is that you can win a system bet even if not all your picks are correct. For example, in the case of a 2/3 system bet, you win even if only two of your three predictions turn out to be correct. Please note that the amount of possible winnings displayed when you place your bet corresponds to the maximum winnings, i.e. in the above example, they payout if all three of picks are correct. In a system bet, combinations of picks are formed. An example is shown below:
You have selected four different picks and opted for a 2/4 system bet. This means that you will be placing a total of six bets, since there are six possible winning pairs based on those four predictions. The stake per bet of EUR 0.50 is wagered on each of those six bets. According to the principle of the system bet, you win even if only two of the four predictions prove correct. The exact amount of the winnings depends on how many of the predictions prove correct.
Next, you can see that the total stake for the system bet equals EUR 3 (6 x EUR 0.50). Once you have placed the final bet, the system bet will be displayed under “My account”/”My bets”. In the detailed view of bets, you can see the combinations formed with the four picks:
The more correct picks you have in your system bet, the higher the winnings. If you fail to meet the system criterion (e.g. only one pick is correct in a 2/4 system bet), you lose the bet.
Here is an overview of all the available system bets:
