Kinda a side story to my post above. The card room doesn't give a shit since it isn't there money. These "3rd party banking groups" consult with guys like Elliot Jacobson for advice on game protection. Let me first say, I like Elliot, I have nothing against him. You know how Elliot doesn't like card counters? In CA card rooms they are 6:5 Blackjack. Well the banking group was told that no card counter could beat a 6:5 game. Elliot has contracted with these Banking Groups in the past.
Guess what? They were wrong!
Now, I can't say with 100% certainly that it was Elliot that advised them on 6:5 being unbeatable, but I'd like to think it was :-) Maybe he will chime in here.
They never thought of the scenario of a guy like "SmallCapGrowth" would walk in there and spread $5-$2000. It may even have been $5-$5k max bet. They were just told, " Don't worry a 6:5 game can't be beat" or "The variance would be to high, no one will attempt it" lol. I guess they never thought of the probability that a guy could walk in there with a million dollar bankroll and work with a razor thin edge.
I don't remember his hourly EV, maybe someone can SIM it. He said he could sit there for hours unmolested. Remember, at Commerce casino, they get more action/high rollers than many Vegas casinos. Large bets aren't an issue, especially since it is the Banking Groups money. The card room justs makes a "reasonable attempt" to protect the games. They generally don't get AP's because the rules are so terrible (for the player).
On GWE SmallCap talks about APing the Baccarat Dragon side bet, at the time I believe the limits were around $1k on the Dragon. Variance would have been wicked paying 40:1
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