Black Chips at the Gold Spike
June 27, 2009
Last night I headed over to the Heart Bar at Planet Hollywood to meet with some real “Vegas experts”.
There were plenty of familiar faces, and also a decent view of the Planet Hollywood Pleasure Pit.
There were some incredible HPOA’s (hot pieces of …) working the table stages last night, but I was a bit too busy to get up close and personal with them. The Pleasure Pit dancers at PH are always quite attractive, but they seem to be notching up in quality ever more so as summer gets into gear.
I’m sure I will pay my respects a few times over the next few months.
For several weeks, a group of friends have been planning to hit the Gold Spike and test the $200 table limit, but in all honesty, I estimated that five people would actually show up to a small casino at the intersection of Las Vegas Boulevard and Ogden.
I was incorrect, and grossly so.
Somewhere short of 10pm, a crowd of about 15 people descended on the Spike … some actually arriving in limousines. I’m not sure if this was a first for the Spike, but I am fairly certain that it is not an everyday occurrence.
When I finally arrived myself, I actually observed $100 chips being played on the felt. Much like limousines, this was a rare site at the property.
Of course, when the big chips come out in Vegas, the limits tend to go up as well … and last night was no exception. While the usual limit is $3, on Friday they were raised to a whopping $5. Fortunately this was not a deal breaker.
I was moving between the two primary tables engaging in conversation for some time, and I even played a few hands myself toward the end of the session.
I sat down, put a $20 bill on the table, and got seven or eight hands out of the meager buy-in. I was up a couple of chips early, then I split 7’s against a dealer 6 … lost both when the dealer nailed 19 … and when I was down to my final nickel, the dealer flipped a BJ. When you buy in for four times the minimum, you aren’t going to ride the peaks and valleys. You’re either going to triple or bust in short order. I did the latter.
Looking back, I do have some regrets. If I had taken the same $20 just two blocks east to 7th and Ogden, I could gotten some real mileage out of it. Namely from a certain working girl named Coco. Don’t ask me how I know her name.
Since the Spike has only one shift of table dealers, we got a “thirty minute warning” sometime around midnight. Given the action, I’m surprised the owner of the Spike himself didn’t come down and deal to keep the tables open, because inebriation and the accompanying poor math skills don’t fully kick in until the wee hours of the morning.
Having been operating on less than three hours of sleep in three days, I was having trouble myself. I don’t care what anyone says, being tired is just as bad as being drunk. On my second hand, I was dealt a soft 16 vs. a dealer 10. A 6 came out, and I swear it took me twenty seconds to figure out what I had.
“Six plus six, carry the one … wait, six times two plus eleven … wait … six plus six plus one … screw it … hit me.”
I was spacing. The dealer was looking at me, and if I had something good I’m sure someone would have said something, so I just hit to kill the pain.
Sometimes it happens, and I even get games mixed up.
I’ll play perfect strategy 800 hands in a row, get tired, then look down to see a seven and three Aces – and I’ll hit to try to make the Full House.
This is why I usually play in the afternoon.
As a local ”grinder” (for lack of a better term), it is rare for me to gamble later than 8 or 9pm. The limits for table games are lowest in the afternoon, odds are more likely to be full when there are not many players, and I am mentally sharper. At least as sharp as I can be for an elderly guy.
There is a fine line that separates local recreational gamblers from local degenerate gamblers (which can bankrupt you in short order), and it’s all too easy to cross that line. In order to live and play amongst the casinos 24/7/365, you must develop rules and not deviate from them.
The rules that keep me out of big trouble are:
1) Never drink while gambling. Ever. I don’t care what anyone tells you, this is the single most important rule in all of gambling. It is also why the house spend millions upon millions of dollars each year on free booze. It’s not because they like you and think you are a swell person.
- Alcohol dulls anxiety, and after a couple drinks, you do not fear losing. It doesn’t matter what your mentality is when you sit down, nothing makes a bad bet look like a good bet more than booze.
2) Never play tired
- This is as bad as playing drunk, albeit in a different way. It’s simply harder to keep numbers straight, and instead of being overconfident, you just become stupid past a certain point.
3) Set a stop loss
- If you lose your stake, walk. The odds of making it back on the spot are no better than they are a week later, and a bad mood is equivalent to playing tired. Come back later in a good mood and make it back.
4) Book profits
- My goal is usually to double, but some people look to triple or quadruple. Figure it out and stick to it. I cannot count how many people I know who have been up big, yet still inexplicably leave down.
- If you are up big, and keep playing, you will eventually give it back. Period. The statistics are what they are. If you book profits on a big winning session, you can have a losing session afterward and still leave up … provided you booked the first win, bought back in with the initial stake, and set another stop loss.
5) Do not carry an ATM card
- If you have an ATM card, you can get more cash. I take X amount of dollars in cash, my cellphone, and little else. This is a fairly recent thing I’ve been doing because I would sometimes buy back after busting out in Poker, but over my lifetime, this has been a losing proposition.
6) Revenge never comes
- “I got a bad beat by that donkey tourist. He’s so bad, I know I can win it back.”
- I’ve said it, and probably so have you. For me, it just never works out as planned. If the guy is bad, I’ll beat him the first time. If he beats me, maybe he isn’t so bad, and I just really hate him.
It’s impossible to be objective. I’ve learned this the hard way, and have now made it a personal rule.
I realize that rules are kind of lame and are not much fun, but yesterday I turned forty freaking one years old. If you make it this far in life, and haven’t figured a few things out, then something’s wrong with you.
I’m not implying that my rules are good for everyone else, but in my opinion, you have to have some kind of game plan if you want any kind of fighting chance against the gaming gods.
There is nothing wrong with outright self-destruction a few times a year, it’s just not something you can do every day.
Fortunately, I only went in with $20 at the Spike last night, or I would have been hitting 19 and standing on nine for most of the night. Rule #2 was in full effect.
Other than some mild fatigue, and the rapid onset of aging, it’s been a pleasant weekend. We are finally planted in the triple digits on a daily basis, and even though summer arrived late, it’s safe to say that for the next 90 days … it’s on.
Crowds are not at 2007 levels, but there are more than enough people around to keep things interesting. Especially with the group we have here now. It will be a minor miracle if there is any booze left in the city 48 hours from now, and a rash of unwanted pregnancies is a very real possibility.
As I type this, the town has currently been taken over by people who actually understand the slogan that I have been trying to push for a year.
Being here is everything.










Written by Scott on June 28, 2009 at 12:47 am
It’s weird to see myself in one of these pictures (big guy in black shirt on first base in Gold Spike pic #2) and not even know they were being taken since I wasn’t in the group. The Gold Spike really had a fun vibe Friday night.
Written by ColinFromLasVegas on June 28, 2009 at 6:47 am
Nice article, Rex. And you have sound advice and rules there for gamblers. But, as you know, alotta people won’t follow those rules. And the casinos will make mucho deneiro off of those that don’t follow them. And they are counting on any combination of those rules broken to make money.
I ran into a tourist once who told me about “the Las Vegas Syndrome.” And he made it sound like it was a specific disease that was attributable to only Las Vegas, where someone just passes out from the triple digit heat in the summer. After I asked what happened, it turns out the symptoms are when some tourists who come for the weekend, don’t eat much, drink like crazy non-stop, gamble, hop around from casino to casino and don’t sleep, and they eventually fall out from the heat here in the desert from dehydration and heat exhaustion. I laughed like crazy and told that tourist that isn’t “the Las Vegas Syndrome,” that’s called stupidity!
By the way, Happy Birthday!
Written by Lisa on June 28, 2009 at 9:16 am
Sorry it’s belated but HAPPY BIRTHDAY! Glad the festivities are still going strong. Hope to make it out there for one of the gatherings sometime, until then thanks for letting us live vicariously!
Written by huddler on June 29, 2009 at 6:05 pm
I had a great time at the Gold Spike! The dealers were were very nice and smoking hot! I think our group overwhelmed them a little rolling up in limo’s and playing black chips. I was the guy in the long sleeve blue shirt who bought in for $1500. They acted like they don’t see that sort of money on the table a whole lot but handled it well. I fell in love with the blonde dealer named Jamie. The things I would like to do to her are illegal in several states. But they never let her come back to my table after her first shift there. Peter the pit boss from Chicago is a nice guy. It was alot of fun. Rita tried to bust my balls a couple times for no reason, but I think she was just totally freaked out by our group taking her joint over. They have a little ways to go but the place has made some great strides.
Written by huddler on July 1, 2009 at 9:46 am
Rex,
You do give sound gambling advice for the LOCAL gambler. But the vast majority of us Rexers are recreational gamblers from all over the world. Vegas is the Disneyland for adults and we only get there a few times per year. We want to drink and gamble and party as much as we can for 3-5 days straight. If we miraculously somehow win more than we lose, that’s great! But the main goal is to have as much god dam fun as we possibly can in a short period of time.
And that is very essence of Vegas for me. I drink incessantly from the time I leave home until I get back. I talk to everybody that comes within earshot. Dealers, pitbosses, players at my table, every dam body will know and remember me. They won’t all like me, but they won’t foget my risque redneck ass with the perfect english. I laugh and joke and talk shit for 3 days straight. I am there for one reason: To have fun and make sure everyone around me is having fun too. That’s what vegas is about for me.
Written by Rex on July 1, 2009 at 10:22 am
Don’t get me wrong, I don’t have any problem with going nuts for three days. That’s the whole point of the place.
I wouldn’t even think of advocating my way of doing things to a tourist. If I did, the town would dry up and disappear overnight. It would a different town.
I set aside some time each year to go a little batshit myself.
Three days every three months is doable.
Three hundred days out of the year, however, simply means that you are broke. You have to build up a stack to blow in Vegas, and if you live and gamble here often, giving it away every day will never allow you to go on the “sprees”.
The town is like a sponge. If you have money, Vegas will soak it up.
My method is a blueprint of how I survive amongst these towering monstrosities 24/7/365 while still being able to enjoy what the town has to offer.
Some locals steer clear of The Strip altogether because they get into trouble.
My “rules” allow me to be a perpetual tourist, without living in a cardboard box on 8th Street.
If you are flying in for the weekend, though, I wouldn’t advocate any of it. It would be a miserable way to spend a vacation.
My advice to tourists is:
Bring as much as you are comfortably able to lose, and make sure you go home broke.
Although it does bug me a bit when I see them giving their money away (such as 6:5). When tourists have fun, they are far more likely to come back. Losing quickly with lame odds and poor service is not likely to be fun for most people.
I would like to see the city stop nickel-and-diming, and once again start fleeing the customer with a smile and providing fond memories.
Don’t hit them with idiotic fees, don’t overcharge them for the sake of overcharging, don’t make them stand in line half an hour to check in, and for god’s sake … smile and be friendly.
Right now, too many people just go home feeling fleeced.
Written by BC on July 2, 2009 at 9:03 am
“We are finally planted in the triple digits on a daily basis, and even though summer arrived late…”
What??? I thought Mayor Goodman decreed that summer came early this year.
Written by GrtWitHntr on July 31, 2009 at 9:26 pm
Rex, excellent analogy on the “fleecing the tourists” part. The evil empire will ruin Vegas if given a chance. I’ve been going to Vegas 3-6X a year for about 15 years and wont go anywhere near a strip property anymore. I don’t care how cheap the rooms are right now the gambling is horrible, the drink service is horrible, and the lines are ridiculous for just about everything.
When I go to Vegas I take a bankroll that I fully plan on losing but if they just steal it from me at 6/5-8 deck BJ and 7/4 Video poker it’s not even fun anymore.