The table limit is the minimum and maximum bet that a gambler can make at a gaming table. It is π a form of yield management in that the limits can be changed to optimize the profit from a gaming table. π Gaming tables have a limited resource to sell: the seats used by the players.
Minimum table limits [ edit ]
Table limits π can also be used to manage, in a limited manner, who plays at tables. A casino that wants to project π a more exclusive image can set the limits higher so that the casual player walking through would not be as π likely to sit down and play. Also games with a lower house edge often have a higher minimum bet. Baccarat π almost always has a high minimum bet since the house edge is relatively low. Often a casino will advertise a π low minimum game as a teaser, a sign might readR$2 blackjack 24 hours a day. However, theR$2 minimum game might π be available at only one table and the payout might be 6:5 for a blackjack.
Historically the attitude has changed about π table limits. In the early 1990s in downtown Vegas, quarter minimum bets were common. The low minimums created a general π excitement in the casinos as hundreds of people would jostle to play table games. However, casinos floors generally had twice π as many employees as they do today. It also made it much easier to introduce new gamblers to table games. π Most casinos today would prefer that the low rollers play slot machines which do not require as much oversight.
Normally the π limits are set to optimize the return from the seats. Since all table games give the house an advantage, the π larger the bets, the larger the house's profit, so the house needs to manage the minimum bets to keep the π seats full. This usually results in a low limit early in the day when there are fewer players with the π limits increasing as more players become available.[original research?]
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