Caesars Palace has raised it's betting limits to $50,000 on blackjack and craps line bets. Harrah's says these are the highest limits in the country.

I don't play at these levels so I don't know exactly what they mean. I would have guessed the limits would have been higher than that. I always heard that Benny Binion would take just about any bet. Perhaps this is just posted table limits.

If I ever find myself in a position that I'm asking how much can I bet.....someone please get me away from that table.....I've obviously been over served again!!!!

Or you're playing downtown.

I can't remember which property, but I was playing downtown somewhere and made a $25 bet. The dealer announced "Green Action" to the Pit Boss!

Jeff,
That is probably Main Street Station. I beleive they still do that, and it might carry on to California and Fremont.

Binion's "philosophy" was that high roller limits were established by their "First Bet".

SOmeone may recall the accurate facts here but one gambler walked into Binion's with a suitcase full of money and bet it all on his first Craps bet. It amounted to over a million dollars,

He LOST.

But a couple of months later he returned with another suitcase and WON.

I was actually present at one of Binion's old day blackjack tables when a player placed a briefcase on the table and told the dealer he wanted to bet it all.

The Pit Boss watched as the dealer counted the cash (Took a few minutes) and play resumed.

That player won over $300,000 and left the table without so much as a "Howdy-Doo!".

Later on that evening they were talking about the guy who won $300,000 that afternoon, placed it in the cage for safekeepng, and returned to the tables that evening to lose it all.

Just two months ago I watched a young blackjack played betting $10,000 to $30,000 a hand at Bellagio with Pit Boss approval. He was lucky and on a steady win and was tipping the dealer with major cash. One such tip was in the neighborhood of $10,000 which resulted in a lot of discussion within the pit because the bet plus the tip was over the pre-approved limits.

When he was preparing to leave the table with approximately $400,000, another pit boss from another area came up to acknowledge his win and offered his congratulations.

A few years back at Caesars I watched a party of 6 mid-easterners dressed in desert array playing roulette at a private table surrounded by about four bodyguards in fancy suits. They were stacking $100 chip as high as "Chip stack height" is possilble.

When those stacks got too darn high, they asked the bit boss to give them $1,000 chips so that they could "Stack them higher!" (As though that would make any difference!)

I was the only one in the vicinity of that table who got a laff out of that statement.

And to finish this off, I know a player who plays Craps with a typical buy in of $100,000 and never had a Player's Card or a desire to have one.

BTW, he's a very bad Craps player and usually loses. But he seems to have lots of fun - win or lose.

I haven't played roulette in so long, I feel like a winner. However, I thought their chips were non-denominational but everyone had their own color. In other words, If I bought in for $10 and wanted 25 cent chips, I would get 40 chips in a color that only I had. If I wanted 50 cent chips, I would get those same chips, but only get 20 of them. If I wanted to play $1 chips, I would have only gotten 10. The result is that you can't tell who is winning big by the size of their stack of chips.

Do they still do it that way?