Las Vegas is my favorite city in the world. When I’m older, it’s possible I will no longer have that opinion, but as a young, single action-junkie with a little bit of money and few responsibilities, there is no greater place on Earth than Las Vegas, Nevada.
What’s not to like about it? There’s no other city in the world where you can walk down the busiest street at two o’clock in the afternoon with a cocktail in your hand, $5,000 in your pocket, and not at all be considered “abnormal”. I love almost everything about Las Vegas. I love not being able to walk more than 20 feet off of the plane without hearing the sounds of slot machines. I love the casinos and their painstaking efforts to optimize their entire outfit to maximize revenue generation. I love listening to the emotionally-rooted gambling fallacies of their patrons while trying to garner sympathy over a gamble gone bad. I love that no woman can get a job serving drinks at the ritzier properties if she doesn’t look like something pulled out of a modeling agency. I love that the illegals on the street passing out flyers for prostitutes have mastered the art of getting as close as possible to another human without actually touching them. But most of all, I love the 100x trick.
Nestled just south of the daunting architectural masterpiece that is the Venetian is a small, easy-to-miss establishment named Casino Royale. Anyone who has never been to Vegas might reasonably estimate that the Casino Royale is probably a large, sexy resort. The exact opposite is the case. Quite the oxymoron, Casino Royale is an absolute dump by Strip standards, barely large enough to be noticed by a passerby. However, inside this tiny property is a gem of an offering (which was introduced to me by Michael J. Cohen in the summer of 2006).
The craps table is possibly the only spot in any casino with an even-odds proposition. The proposition is simple. After betting on the pass line (which has a house-edge of 1.41%), players may take a free odds bet after the point has been established. To be specific, if the point is established on 4 or 10, the payout from betting on the odds is 2:1 (there are twice as many ways to roll a 7 than a 4 or 10, thus the 2:1 payout). If the point is established on 5 or 9, the payout is 3:2. When the point is on 6 or 8, the payout is 6:5. Since the house has no edge on the odds bet, and only an edge on the pass line bet, they usually limit the size of your odds bet at about 5x your pass line bet. If this is confusing, think of it this way: the idea of an even-odds bet will make people willing to bet large sums. To prevent them from betting $1 on the (house-edge) pass line and $500 on the (no house-edge) odds, casinos cap your odds bet at 5x your pass line bet. This has the effect of making Joe Highroller bet at least, say, $20 on the pass line if he wants to put $100 on the odds.
Let’s get back to why the Casino Royale is so amazing. Almost every casino in the world caps your odds bet at the craps table at 5x your pass line bet. Occasionally a place will be cool enough to allow you to bet 10x, or maybe even 20x your pass line bet. The Casino Royale allows you to bet 100x your pass line bet, the only place in the world with such an offering.

This means, at the Casino Royale, if you were to bet $3 on the pass line (their minimum - giving the house about $.04 per play), and then throw $300 on the odds, at a rate of twenty plays per hour (fairly standard for a craps table), you would be giving up a paltry $.84 to the house while logging a volume of over $6,000 in wagering. Let that sink in. You can gamble over $6,000 an hour while giving up a smaller amount to the casino than Grandma on the penny slots 10 feet away.
What makes this such a beautiful offering is that people are way too stupid to realize that what you’re doing is damn near free. All they see is a guy betting hundreds of dollars at the craps table, laughing, ordering cocktails for the table, and basically looking like the biggest badass to ever walk in a dump like the Royale. The only requirement you need is enough capital to handle the swings at the table.
Casino Royale caps the action at $2,500, meaning you can’t exploit their 100x odds any higher than betting $25 on the pass line. Michael has sustained $20,000+ swings in one night while exploiting this scheme. Obviously we’ve used this trick to pick up women, and have actually enjoyed some limited success. The most expensive part of the night for us is tipping the cocktail waitresses, but drinking wasn’t meant to be free anyway.
The value-oriented reader may be asking, “but, you can’t actually
make money at this, so what’s so great about it?” I’ll tell you what’s so great about it: it’s about the most fun you can possibly have for the price!