Upping wager limit has drawbacks
Mike Rosen thinks that due to inflation, Colorado casinos should increase the $5 betting limit (“Time to up the ante,” Jan. 25).
He claims that, “In a few more years, you might as well be playing for matchsticks.” Really, Mike? At $5 a spin on the $1 slot machines, you can lose $1,000 very easily in an hour. With the slot machines generating more than 90 percent of the casinos’ revenue, why would they want to raise the limit? Very few people can afford to play $5 slot machines at $25 a spin.
If the betting limit is increased, then the blackjack card-counting syndicates would come out of the woodwork and wreak havoc on the casinos. The only way raising the maximum wager would make sense would be if more games (like craps and roulette) were allowed.
However, this would require such a substantial increase that it will never happen.
Jay Lillien, Denver
does mike rosen ever think he is wrong? EVER?
Posted by Frank on February 15, 2007 05:59 AMThat's a rhetorical question, right Frank?
Posted by ML on February 15, 2007 06:28 AMRosie is "Denver's Dweeb"
Posted by on February 15, 2007 08:06 AMHmm - don't recall Rosen calling for indexing the minimum wage to inflation.
Posted by Liam on February 15, 2007 12:08 PM