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Subject: Gambling ? rss

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Tony Sanfilippo
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There is a 4 tile casino. One player has 3 dice and you have 1. You are not the boss of the casino. Can you still gamble at that casino which you are a part of?
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Alex Yeager
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Yes, for the full $20M!

Alex Yeager
Mayfair Games
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Tony Sanfilippo
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Re: Gambling ? once again
AlexYeager wrote:
Yes, for the full $20M!

Alex Yeager
Mayfair Games
Thanks for the quick response. Now I have 1 more. I must have been playing wrong for all my games. I know that you can only bet how much you have, but i did not know that you could bet in a casino more than that boss has. I am going to make it simple and would appreciate a very simple answer.


A] I wish to place a bet of $20 in a 4 tile casino. The casino boss has only $10. I Roll a 9, How much money do I get? I roll a 2, How much do I get?

B] Same scenario except, the boss lays off half the bet. I roll a 9, how much do I get. I roll a 2, How much do I get.

The answers will clarify it all for me. Thanks
 
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Jeff Finazzo
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From the FAQ:

Errata - Laying Off Bets

The example of laying off half a bet has the rules "The Red Player is the boss of a 3-tile Casino. On Yellow's turn, he goes to Red's Casino and wagers $4 (maximum is $15). Yellow decides not to lay off half the bet." That should say "Red decides not to lay off half the bet."

What happens if a player lays off a bet that they have insufficient money to cover?

When the bank covers a bet, they are covering a specific amount: half the bet. The bank is only responsible for the half of the bet that they have assumed, NOT to pay out for any risk the house has taken on. SO: Player A bets $40 million at Player B's casino. Player B has $8 million. He lays off. He is now responsible for $20 million of the bet, and the bank is responsible for $20 million of the bet. - If a 2 is rolled, Player A receives $8 from Player B and $40 from the bank (double each of their shares, and Player B only paying what he can). - If a 7 is rolled, Player A pays $20 million to Player B, and $20 million to the bank. - If a 9 is rolled, Player A receives $8 million from Player B and $20 million from the bank.

What limits gambling?

There are two limiting factors: - You may only bet up to $5 million per block in the largest casino where the target player is the boss. - You cannot bet more money than you have. (Earlier FAQs described the condition that you were limited by the on-hand money of the target player. It does limit payout, as you may only receive the cash the target has if you make a bet larger than the casino owner's on-hand cash, but you will lose your entire bet to the target if you lose.)
 
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Dan Romano
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Quote:
What happens if a player lays off a bet that they have insufficient money to cover?

When the bank covers a bet, they are covering a specific amount: half the bet. The bank is only responsible for the half of the bet that they have assumed, NOT to pay out for any risk the house has taken on. SO: Player A bets $40 million at Player B's casino. Player B has $8 million. He lays off. He is now responsible for $20 million of the bet, and the bank is responsible for $20 million of the bet. - If a 2 is rolled, Player A receives $8 from Player B and $40 from the bank (double each of their shares, and Player B only paying what he can). - If a 7 is rolled, Player A pays $20 million to Player B, and $20 million to the bank. - If a 9 is rolled, Player A receives $8 million from Player B and $20 million from the bank.


So in the example above, what if Player B does NOT lay off the bet with the bank. Does Player A only receive the 8 million from player B or does the bank cover the rest of the bet (which I would assume would be $32 million). Or does Player A have to lay off the bet with the bank since he doesn't have enough money to cover the funds?
 
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Jeff Finazzo
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According to the what I see the player only receives what the owner has and the bank doesn't not make up the difference. The only reason I could see to gamble like this is to drive someone to bankruptcy.
 
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Tony Sanfilippo
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Frantic Ferret wrote:
From the FAQ:

Errata - Laying Off Bets

The example of laying off half a bet has the rules "The Red Player is the boss of a 3-tile Casino. On Yellow's turn, he goes to Red's Casino and wagers $4 (maximum is $15). Yellow decides not to lay off half the bet." That should say "Red decides not to lay off half the bet."

What happens if a player lays off a bet that they have insufficient money to cover?

When the bank covers a bet, they are covering a specific amount: half the bet. The bank is only responsible for the half of the bet that they have assumed, NOT to pay out for any risk the house has taken on. SO: Player A bets $40 million at Player B's casino. Player B has $8 million. He lays off. He is now responsible for $20 million of the bet, and the bank is responsible for $20 million of the bet. - If a 2 is rolled, Player A receives $8 from Player B and $40 from the bank (double each of their shares, and Player B only paying what he can). - If a 7 is rolled, Player A pays $20 million to Player B, and $20 million to the bank. - If a 9 is rolled, Player A receives $8 million from Player B and $20 million from the bank.

What limits gambling?

There are two limiting factors: - You may only bet up to $5 million per block in the largest casino where the target player is the boss. - You cannot bet more money than you have. (Earlier FAQs described the condition that you were limited by the on-hand money of the target player. It does limit payout, as you may only receive the cash the target has if you make a bet larger than the casino owner's on-hand cash, but you will lose your entire bet to the target if you lose.)
I appreciate your response but it is not exactly what I was looking for as an answer. I need the actual figure to my questions and not the rational. Knowing that will help me immensely
 
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Jeff Finazzo
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Well, going by the FAQ:

Quote:
A] I wish to place a bet of $20 in a 4 tile casino. The casino boss has only $10. I Roll a 9, How much money do I get? I roll a 2, How much do I get?


Both rolls win $10.

Quote:
B] Same scenario except, the boss lays off half the bet. I roll a 9, how much do I get. I roll a 2, How much do I get.


Roll 2 = $10 from owner, $20 from bank ($10 they covered x 2).
Roll 9 = $10 from owner, $10 from bank (the amount the covered).

 
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Tony Sanfilippo
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Frantic Ferret wrote:
Well, going by the FAQ:

Quote:
A] I wish to place a bet of $20 in a 4 tile casino. The casino boss has only $10. I Roll a 9, How much money do I get? I roll a 2, How much do I get?


Both rolls win $10.

Quote:
B] Same scenario except, the boss lays off half the bet. I roll a 9, how much do I get. I roll a 2, How much do I get.


Roll 2 = $10 from owner, $20 from bank ($10 they covered x 2).
Roll 9 = $10 from owner, $10 from bank (the amount the covered).

Thanks. That is what I thought. That's just crazy. So it appears that if the better wants to get more money than the casino boss has, he has to hope that the casino owner lays off half the bet
 
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Dan Romano
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keso55 wrote:
Frantic Ferret wrote:
Well, going by the FAQ:

Quote:
A] I wish to place a bet of $20 in a 4 tile casino. The casino boss has only $10. I Roll a 9, How much money do I get? I roll a 2, How much do I get?


Both rolls win $10.

Quote:
B] Same scenario except, the boss lays off half the bet. I roll a 9, how much do I get. I roll a 2, How much do I get.


Roll 2 = $10 from owner, $20 from bank ($10 they covered x 2).
Roll 9 = $10 from owner, $10 from bank (the amount the covered).

Thanks. That is what I thought. That's just crazy. So it appears that if the better wants to get more money than the casino boss has, he has to hope that the casino owner lays off half the bet


Checking if I am reading this right. So in the scenario above, it wouldn't be advantageous for the casino owner to lay off half to the bank since he would be winning the same amount regardless on a loss. But if the betting player bet $30, then the casino owner lays off half to the bank, he could potentially win 15 instead of 10, even though he doesn't have that much himself?
 
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Jeff Finazzo
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Sounds right. In your example I would never lay off the bet as an owner. I'm going to lose the same amount, but I stand to win twice the amount if I cover the bet.

 
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