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The Ups and Downs

7 July 2020

By Frank Scoblete
You are a $10 blackjack player and you buy in for $300 and go about your business trying to beat the house. You know the computer derived basic strategy and you use it exclusively. You do not have an edge over the game but it is a close contest with the casino – you might be facing about a one-half percent house advantage and that isn’t bad at all.

Today things are going quite well. During a two hour session you are now ahead $300. Your double downs and splits have been amazingly productive and the dealer at times seems to be a bust-machine.

Now you are thinking, “Maybe I should pack this session in and call it an afternoon?” But you are also thinking, “Things are going great; I want to keep playing.” You are on the horns of a dilemma. What should you do? Should you try to win more money or head away from the game?

First let me tell you what I would do. I’d pack it in and do something else until my evening session, say, right after dinner. But I am the type of player who has his feet firmly planted facing the door. I’m skittish about my hard-earned money. Despite the fact that I go to the casinos about 20 percent of my time I have slowed down a bit. In the past I used to go about 130 days a year! But that was then and this is now. Truly, a wild gambler I am not; so my advice is just about always conservative.

Still, most casino players tend to be unlike me. They relish the journey and enjoy the contest over prolonged periods of time – and that’s fine. Most gamblers also don’t get to the casinos all that often and they have a hunger to play those games they love. I understand that. If a person goes to the casino several times a year, they might not want to plant their feet facing the door. They just might want to plant their feet deeply at a table or slot machine.

So how about a compromise between staying, thus continuing to play, or heading for the door? I think a compromise is a good idea. Here is how I would do it:

Take the $300 of your initial buy in and put it away. You can color that up. Also color up $200 of your $300 win. Now, you have $100 to wager and you are guaranteed a $200 win for that session.

Play that $100. If you continue to win, every time you have won $50, put that away. If you lose that $100 or get so tired you can’t keep your eyes open, then head for the doors. By playing this way, you have a win but you also have the seed money for maybe even a bigger win. What you don’t want is to play until you lose your $300 win and most of (or all) of your original buy in.

Protecting your money at other games

Although blackjack is the most popular table game in the casino world, there are plenty of other games that players enjoy playing: roulette, craps, baccarat, Pai Gow Poker and those carnival games that keep appearing and disappearing over the years.

How should you handle these games? Cautiously.

Keep in mind that the faster the game (such as mini-baccarat) the greater the casino’s chances of beating you in any given session. A low house-edge does not mean the game is always good for your bankroll. Fast games can be devastating.

Such games as Pai Gow Poker and roulette might have higher house edges than mini-baccarat but such games are slow and can be made even slower by not playing every hand or spin of the wheel. Again, play all of these games cautiously. Yes, your job is to have fun and it is also to protect your bankroll.

Second, avoid any bonus bets that have been added to traditional games. You want to play the traditional game with no extra betting to get special rewards. Why? Because the house edge eats away at you when you make those extra bonus bets. When you bet more money the corollary is that more money will be lost because of the added house edge on that money.

Craps players and roulette players can see a multitude of bets – all of them with high house edges. In craps, some bets can have house edges well over 10 percent! You will see craps players and roulette players often spreading their money over many of these bets – and that is a sure way to flirt with disaster. The more bets, the tougher to come out ahead in any long run of playing.

For craps, stick with one or two low-house edge bets; preferably the Pass Line and one Come bet. Make the bet low on the Pass Line or the Come and high in odds. For roulette no more than two bets; preferably only one bet on an outside proposition such as red/black, high/low, or odd/even.

When you are ahead consider dividing the money up as we did in the blackjack example. Money saved is money earned.

All the best in and out of the casinos!

Frank Scoblete’s web site is www.frankscoblete.com. His books are available from Amazon.com, Kindle, Barnes and Noble, e-books and at bookstores.

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.

 

Do Something Else Too

30 June 2020
Very few people who go to casinos do anything else other than gambling. True, some will enjoy the buffets, the dinners and some will go to the shows. But the purpose of a visit to a casino is to gamble because one can go to buffets, dinners and shows without ever travelling to a casino. I think the opposite. ... (read more)
 

Give Pai Gow Poker a Chance

23 June 2020
Pai Gow Poker is a great game, at least in my opinion. You can usually find one or two Pai Gow Poker tables in most casinos and in some you might even get a half dozen or so. In casinos with heavy Asian populations there might even be an Asian room loaded with them. The game has been around a somewhat long ... (read more)
 

When a Friend is Not a Friend

16 June 2020
Julius Caesar had a slight problem with his friends. They killed him. I know, this is not what you want from your friends, your assassination. That shows you what they really think of you as in they think that you are better off dead. Casino players also have to be careful of the friends with whom they go to the casinos. ... (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:

Casino Craps: Shoot to Win!

> More Books By Frank Scoblete