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Betting management at craps

19 February 2019

By Frank Scoblete
Money management at random games is just a technique to save money, or, as in craps, it is simply making the best bets to keep the house edge as low as possible. How much money should you have in reserve to play a session of craps? Make it 10 times your average bet. So if you are betting $24, have $240 to play with.

Now to the heart and soul of money management: proper betting!

We have to make a distinction between ploppy players, savvy players and dice controllers in terms of betting and expectation. Competent dice controllers who bet properly will have a positive expectation over the casinos. In short, they should win over time. Is learning to control the dice easy? No. Most players who attempt it will not succeed either because they can’t learn how to do it or they refuse to bet properly.

If you never learn how to control the dice, you can still be a tough player for the casino to deal with if you follow the betting advice I am going to give you. Will you win if you follow this advice? Your mathematical expectation is to lose whether you are a savvy player or a ploppy player, especially if you play over long periods of time in your craps career. But the key for the savvy player is that you will lose much less money (much, MUCH less money) and have just as much fun, and you’ll also know that you have given the casino the ride of its life, as the casino has given you just such a ride.

You are a gambler if you play a negative-expectation game, no doubt about that. No betting system can turn that around and anyone who says there are such winning betting systems is either a liar or a ploppy, probably both.

But you can be a smart gambler or a ploppy gambler – the choice is yours. If you get caught up in the hysteria of craps and make all sorts of suicidal bets whose edges are through the roof, don’t be shocked when you find you lost the ranch because you bet the farm.

A good bet is a much more exciting prospect than a bad bet because you have a better chance to be ahead making such bets – or at least be less behind!

Ploppy bettors, while they may have a stunning night now and again, or stunning moments that imprint themselves on other players’ minds (“This guy is so hot; he hit three twelves in a row!”), will have their mushy heads handed to them big time in the long haul. Short spurts of magnificent luck will never overcome the bloody drain of time on the ploppy’s bankroll.

So don’t be a ploppy. That’s my first piece of advice.

Visit Frank’s website at www.frankscoblete.com. (The above is excerpted from the book Casino Craps: Shoot to Win! by Frank Scoblete)

This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net.

 

The Royal Flushes talk blackjack

16 February 2019
CINDY: The very first game I ever played in a casino was blackjack. This was at Resorts in Atlantic City. It was also my first time in a casino and I was so excited. I had no idea of the true strategy for blackjack. I just played by my gut. It was a five-dollar game and the table was full. I got a lot of blackjacks that morning and I thought the game was so easy. ... (read more)
 

The Golden Goose

12 February 2019
If you take a look at the three basic machine games in today’s casinos, you will note a small number of electronic table games, a large number of video poker games and a huge number of slot machines. I know that the electronic table games and the video poker games require knowledge of proper strategies to keep the house edge as low as possible. ... (read more)
 

Rhythm and blues

5 February 2019
My mentor, the Captain, about whom I’ve written six books, had a very simple theory concerning how to structure your playing day at the casinos. This theory was meant to not only save your money but, perhaps, to save your sanity. “It’s rhythm and blues. You must not vary your normal routine very much. ... (read more)

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Frank Scoblete
Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

> More Books By Frank Scoblete

Frank Scoblete
Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

> More Books By Frank Scoblete