What have we here? (44 Viewers)

[Poker Zombie]

Let me start out by saying that I would love nothing more than for you to be right. In all sincerity.

I just can’t wrap my mind around there being $50 million in $100ks and over $140 million in $25ks.

That math just doesn’t pass my reasonableness test. But again, I really hope I am wrong

I've read reports of Asian gamblers playing Baccarat for $600,000 per hand on Baccarat. How many chips would you need for that?

 

[TheTrout]

I've read reports of Asian gamblers playing Baccarat for $600,000 per hand on Baccarat. How many chips would you need for that?

I think that type of play is mostly limited to Vegas and Macau, seems weird to me that even a Harrah’s in Louisiana would be all that concerned about keeping a bank of $200+ milly

 

[TheTrout]

It wouldn’t surprise me if Cherokee has 10,000 $1k chips. I just don’t know enough about the serial numbers to know whether you can always count on them being a solid indicator.

 

[chippitydoodah]

I've read reports of Asian gamblers playing Baccarat for $600,000 per hand on Baccarat. How many chips would you need for that?

 

[Gunnar]

Well we all order sets because we have a dream and plan for something great. If someone in management thought they might one day host some crazy high stakes events or maybe there are private games with crazy stakes maybe a bank of 200m was not so crazy.

But minimum quantity and premiums can also just make it worth it to buy more chips and hope that one day you will use them.

 

[TheTrout]

Well we all order sets because we have a dream and plan for something great. If someone in management thought they might one day host some crazy high stakes events or maybe there are private games with crazy stakes maybe a bank of 200m was not so crazy.

But minimum quantity and premiums can also just make it worth it to buy more chips and hope that one day you will use them.

I gotta say, I do love the thought that casino GMs are as crazy as us when it comes to chips haha.

 

[Gunnar]

I gotta say, I do love the thought that casino GMs are as crazy as us when it comes to chips haha.

Maybe he is a PCF member and has been waiting all these years for this!

 

[Carnth]

I think having 100s of millions worth of chips in your casino vault is reasonable. You only break out the chips you need to have in play. Then if you host a mult-table Windwalker level of play, the casino would be able to accommodate at a moments notice.

It's also why they have serial numbers and a secondary set. You know you only put chips A through B into play, if any other serials come in, then you know you have issues and can switch sets if needed.

At least this is how I think things are run. I am just a pleb and never worked at a casino.

 

[FnC]

These look really cool. Cant wait to see the final details of the sale

 

[Bill_Man618]

Welllllll boys I am gonna be going broksi this sale. Def gonna end up with a tourney set I don't need and a sample set for sure

 

[PokerSenpai]

Following

 

[NotRealNameNoSir]

Well we all order sets because we have a dream and plan for something great.

As someone who plays a $20 buyin but now has a $4k+ chip bank, I fully support this message!

 

[Goldfish]

Just out of curiosity, is there any way to get matching 5s and 25s?

The 100s and 1ks are awesome ……..

 

[harrysallout]

View attachment 1404726View attachment 1404727View attachment 1404728View attachment 1404729View attachment 1404730View attachment 1404731

5 of these are counterfeits

 

[kk405]

Son, do the work without mistakes...
but first, read the conditions of the problem...
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You're implying a huge assumption, which is that those serial numbers start at 0001 and 001 respectively. How do you know they didn't start at 5501 and 501?

I get your point, but my point is that we have no idea where they started. Just because something has serial no. 5609 on it, doesn't mean there are at least 5609 of those things.

I don’t have any information about this particular set of chips, but @Gear is correct … those number are somewhat meaningless. You can ask GPI to print anything you want on the labels.

 

[Trihonda]

Will sample sets be available?

THIS!!!!

 

[LeLe]

ut hopefully we'll find out after this sale.

Jim stop releasing the number for a long time now

I think the last set with number release is HSI which is like year 2020/21

 

[grantc54]

Jim stop releasing the number for a long time now

I think the last set with number release is HSI which is like year 2020/21

Have you asked him? Pretty sure once ALL the chips from a casino are sold he'll provide the info if asked.

 

[allforcharity]

That's roughly 90% of PCF. All I have to do is get a connection faster than the flippers and the hypocrites.

If they were both, would that be a flippocrite?

 

[LeLe]

Have you asked him? Pretty sure once ALL the chips from a casino are sold he'll provide the info if asked.

I remember seeing people asked for the total number about the IG and Jack Cincin and no numbers is release AFAIK

But what do I know, maybe I remember wrongly and for years not a single one of us try to ask about the total sales number.

 

[Hunt247]

Jim
We need to go fishing, I have time before black friday!

 

[Pippa]

Jim
We need to go fishing, I have time before black friday!
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An I come with you guys?

 

[Hunt247]

An I come with you guys?

I'm thinking he could bring a set for the nightly game onboard.

 

[chippitydoodah]

I don’t have any information about this particular set of chips, but @Gear is correct … those number are somewhat meaningless. You can ask GPI to print anything you want on the labels.

Sure sure...rub it in.
Out of everyone here....only YOU would know

 

[maxim_666666]

Let me start out by saying that I would love nothing more than for you to be right. In all sincerity.

I just can’t wrap my mind around there being $50 million in $100ks and over $140 million in $25ks.

That math just doesn’t pass my reasonableness test. But again, I really hope I am wrong

I was joking earlier. And @Gear was probably right that there aren’t that many chips. It's like a speedometer on a car — it’s marked with a higher speed than it can reach, just because people like to see it.
Paulson can print anything for Harrah's. The cost of such a chip is $5-10.
But!!
For primary (and secondary) chips, casinos must hold a reserve of money to cover payouts, even if these chips are just sitting in storage.

Right now, they maintain a huge reserve of money for simple table games! So why not add a couple of racks of $100,000 chips for VIP players? But just a couple of racks... more of a marketing gimmick. Obviously, no one would freeze $200 million in secondary chips.

However, perhaps these chips could be covered by some common pool from the corporation’s bank account. But printing them and introducing them into the game could be a big problem for the casino.


P. S.
The operating reserves of casinos, like Harrah's New Orleans, are governed by Louisiana state laws, and the amount depends on several factors, including the number of gaming machines, tables, and current obligations. According to state requirements, the reserves must cover all gaming liabilities, including potential jackpots and operating costs for a specific period (e.g., two weeks of payroll and debt payments).

For large casinos like Harrah's, with over 1,100 gaming machines and nearly 100 tables, the cash reserve might amount to several million dollars. A typical calculation might include:

For gaming machines: number of machines × $50.

For table games: number of tables × average table limit × $50.

Operating costs: two weeks of payroll and monthly debt servicing.


Progressive jackpots and other obligations could add several more million dollars. In total, the operating reserves for a large casino like Harrah's New Orleans could range from $25 to $30 million, including payouts and operational costs.

 

[Bill_Man618]

Wow. I don’t think I’ve ever seen a $100,000 chip on this site or anywhere else.
Is that bigger than 43mm?

Only ones I've seen pictures of were the ones in Vegas. I really hope there are samples because a $100K table chip would be a dream to have in a sample set! Also who was betting $100K a hand in NOLA? Maybe the Saints players and the drug kingpins?

 

[charitycase]

who was betting $100K a hand in NOLA?

Well, we know Charles was there at least once

 

[Josh Kifer]

View attachment 1405551

Well, we know Charles was there at least once

 

[springbox]

As someone who plays a $20 buyin but now has a $4k+ chip bank, I fully support this message!

If I just give it 5 more years I'm sure everyone in my social circle will be clearing 6 figures and willing to play 1/2...

Until then we'll keep playing .05/.10 with chips that cost $1.50~$6 ea

 

[Bill_Man618]

If I just give it 5 more years I'm sure everyone in my social circle will be clearing 6 figures and willing to play 1/2...

Until then we'll keep playing .05/.10 with chips that cost $1.50~$6 ea

Hey at least you've got a game. I haven't played in over a year, but damn straight I got enough cash and tourney sets to host like 8 games lol