3: Episode 3 - Is Craps a Dying Game

In this episode of the Color Up Club podcast, Jeremy and Jim discuss various topics related to the casino world. They start by sharing their recent gambling experiences on a cruise and discuss different strategies they tried. They then move on to discuss news articles about cheating in Las Vegas casinos, gamblers losing millions of dollars, the opening of a new tunnel in Las Vegas, and the elimination of free parking at Resort World. Finally, they dive into the main topic of the episode: whether the game of craps is dying. They analyze data from a UNLV study that shows the number of craps tables has remained relatively stable over the years, but the revenue has increased. They also discuss the popularity of blackjack compared to craps. Craps is now in last place in terms of the number of tables and revenue generated compared to other casino games. Blackjack used to be the top game, but both blackjack and craps have seen a decline in revenue. Baccarat has become the biggest moneymaker, accounting for over 40% of all table game revenue. The popularity of baccarat is a mystery, as the game is simple and lacks player decision-making. The low house edge of baccarat contributes to its popularity. The decline of blackjack may be attributed to changes in the game, such as the introduction of 6:5 payouts and continuous shufflers that make card counting ineffective. Craps is still hanging in there, with a dedicated fan base and efforts to make the game less intimidating for new players. However, higher table minimums and negative experiences with dealers and players can deter potential craps players. Marketing for craps is limited, and there is potential for growth by targeting new and younger players.