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Stepping out of stepping up
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Casinos
employ lots of techniques to make you lose more money. One subtle method is called
stepping up. This is used when players start winning a lot and is
particularly common on roulette. It’s an effective way for casinos to recoup
losses and is so deftly implemented that players don’t realise what has
occurred until it’s too late. What happens
is a player will for example be betting on roulette with £5 chips. With a big
win of say 200 chips, the casino will typically pay out 100 chips in £5 chips
and a stack of £25 cash chips. Payouts are made up and passed across the
table so quickly that the customer has little chance to complain. Players are
also less likely to object to the way the payout has been made up as they are
in a good mood because they are winning. The casino
is aware that had they given you a £500 chip or five £100 chips that you
would be more likely to slip these chips in your pocket and maybe cash them
in. However a stack of chips is too bulky to put in your pocket so you leave
it sitting on the table. What happens
when you run out of £5 chips to bet with is that you slip on a few £25 chips.
The casino has effectively increased your stakes five-fold without you
realising what is going on. If you’re not careful after one spin your stack
of £25 chips has disappeared. They have effectively recovered their losses in
one fifth of the time that it would normally have taken you to lose the
money. Once they’ve
got you betting with £25 cash chips, they will mark up a colour to £25. These
are the normal colour chips that everyone plays with on the table. You may
for example be playing with blue chips at the table minimum of £5. The casino
will mark for example the yellow chips at £25. The actual chips do not have
the value marked on them like the cash chips; the only indication to the
player that the chips are worth more is the sign hanging over the table. And
no one looks up when playing roulette they’re all looking at the table. It’s
therefore very easy to forget that you are now playing with more expensive
chips. If however
you continue winning, they’ll take you a step further; you’ll start receiving
stacks of £100 chips in your payout. After a few spins your stake level has
increased twenty fold. The ball is quickly spun giving you no time to
exchange your chips for lower denominations so you start betting with the £100
chips. Now that they’ve got you betting with £100 chips, if you then start
losing they’ll get their money back in a 20th of the time. Because you
are now playing with a colour that is marked up, you forget that each stack
is worth £2000. After all they look just like the stacks of £100 that you
were playing with. Even if after a couple of spins you decide to quit, your
winnings have been drastically cut. If you lose all your winnings the
temptation is to try to win them back by continuing to bet high stakes which
is a quick route to financial ruin. To combat
this technique you must be prepared. You need to take control of how you
manage your money and not leave it in the hands of the casino. When you get a
big win know exactly how many chips you have won and ask for the payout to be
made up how you want it. In each payout take only enough chips to play a
couple of spins. If you continually have to go to your pocket to get a chip
to make a buy in, you are more conscious of how much you are losing. By stepping
out of stepping up you can ensure that your winnings stay in your hands and
not back in the casino’s. © Belinda
Levez 2002 |
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