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Gaming GuruPlacing $44 Inside: Good or Bad Bet?2 July 2009
Okay, we all know that any bet on random rollers is a losing bet in the long run even if you win it once, twice, or many times in succession. The house edge will have its way no matter what you think, wish or "logic" out. The casinos go to the bank with the money from players following poor advice. Only fools think the house edge does not work in the short run because true players who play often enough will start to be in some form of the long run - regardless of what happened tonight. Heed the math or face bankroll extinction. If you play frequently, even once a month, ultimately you will pay the price. Now, a very popular bet, pushed by gamblers who have no idea of true gambling, has been around a long time - you place $44 dollars on the inside numbers of 5, 6, 8, and 9. This is a bet recommended against random rollers. (This bet can be any multiple of $22 as you go up and down the scale. I am using $44 because there are now so many $10 minimum tables.) The house edge on the 5 and 9 is a large four percent. The house edge on the 6 and 8 is a rather bearable 1.5 percent. On the $44 inside bet you will lose 40 cents on the 5 and 40 cents on the 9 ($10 X .04 = 40 cents) and you will lose 18 cents on the $12 placement of the 6 and 18 cents on the $12 placement of the 8 ($12 X .015 = 18 cents). Most gamblers don't realize that the proper way to look at their bets is to subtract the house edge from each and every bet. Most gamblers think in terms of wins and losses. "Hey, I won five sessions in a row betting the inside numbers." Yes, you did, but in truth you actually lost money when you won those sessions if you understand how the house edge really works. By the way, the casinos understand this completely. You see the wins and the losses camouflage the fact that the casino will ultimately win its edge from each and every bet as these bets start to add up. The idea that somehow the "short run" can make up for the math of the long run is not applicable for players who play often in the casinos. Yes, if you play once or twice in your lifetime, then you might escape the ravages of the house edge because you really didn't put in the time to see that edge work itself out in your particular playing days. However, here is the big myth: if you take thousands upon thousands of players playing just two days of inside numbers what do you think the end result will be? Why it will be close to the house edge on all the money bet during those two days. That's right, on the random game of placing those inside numbers the totality will be just what the math says it will be whether you personally are on the winning side of the curve or on the losing side of the curve. The only way a smart gambler should see that house edge grinding away at his or her money is to figure that every time you place those inside numbers for $44 you are giving the house its percentage as shown above. And the more you play, the closer you will be in reality to those inside numbers' edges. Most craps players in random games are gamblers without a clue. Any "expert" who recommends this way of betting is saying it is okay to lose a lot for placing those inside numbers against random rollers. Now you do want to use the best bets possible to cut that house edge to its lowest possible edges. These bets would be Pass and Come taking full odds assuming you can afford that - if not, place what you can afford because, in truth, you are going to ultimately lose even the best bets in the random game of craps. So, say you wish to bet $44 or as close to that as you can get. If you are at a double odds game do the following: Place $10 on the line (house minimum) and $20 in odds ($25 in odds on the 6 and 8. Place one Come bet for $10 with $20 in odds. The house edge is 1.4 percent on that Pass Line bet and 1.4 percent on that Come bet. You will lose only 28 cents on these bets even though you are betting $60 when the bets actually make it to the numbers. Is 28 cents better than $1.16 which is what you lose on those inside numbers? Is a savings of 88 cents a better deal? Despite what gamblers say say, I think saving 88 cents is a good deal. Again, you need a decent bankroll to play those Pass and Come bets with full or partially full odds - that's obvious. I have the recommended bankroll requirements in my book Golden Touch Dice Control Revolution. Of course, these are just my recommendations, nothing writ in stone. I recommend adding the 5-Count to your routine as well. This will eliminate 57 percent of all random rolls so your money will last even longer. You can play your usual amount of time but your losses against those random rollers will be much less. Finally, if you hate making Come bets, and for some reason many gamblers do hate them, then just stick to placing the 6 and 8 for $12 each. The placement of the 6 and 8 is a decent bet. And if you can buy the 4 and 10 for $25 or $30 paying the $1 commission on wins only this is also a decent bet. But remember the total hit on all the money you bet whether it is just the 6 and 8; or just the 4 and 10, or all four of these numbers together, will be the house edge on each individual number. A word to the wise - short of never playing random rollers; short of not playing the 5-Count; you are still in much better shape betting the Pass and Come. This article is provided by the Frank Scoblete Network, John Robison 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. What Are Pot Odds?28 June 2009
Dear Frank,
I've watched enough poker on TV to see the players doing math in their heads, and the commentators mentioning that "they're getting 2 -1 on their money," etc.
Is there a formula for determining the correct amount to bet on one's hand based solely on the size of the pot?
I realize that the game, position, stack size, hole cards etc. ... (read more)
Three Types of Craps Cognoscenti25 June 2009
So many players and self-appointed "experts" are such non-cognoscenti when it comes to the game of craps that it is startling what they don't know; what they don't care to know; and what amazingly inept concepts they have about the game of craps and everything that surrounds it, especially betting, and, ... (read more)
The "Slot Spin Principle" Is Brilliant21 June 2009
Dear Frank:
I just read your article on the "Slot Spin Principle." It is brilliant.
However, I THINK you made a mistake. The slot player MUST spin the die in front of the slot machine being played, preferably within 18 inches of the reel window. The closer the better, because of the inverse square ... (read more)
Ask Frank: Spanish 21 StrategyHello there, Living in Canada, I find that the rules are more liberal here than at other casino locales, such as the dealer standing on all 17s for Spanish Blackjack. In your book, Armada Strategies for Spanish 21, there is only a strategy for when the dealer hits soft 17. I was wondering if you have any strategies for 8 deck, s17. ... (read more)Ask Frank (Playing Winning Craps)Dear Mr. Scoblete: In your book Forever Craps, you recommend to play one Don't Come bet per shooter without odds in order to reduce your exposure to the house. I usually play at casinos that count the spread and odds. If I play one ... (read more)Bad Ways to Play Good Casino GamesYou've met this guy before. He's cantankerous, witless, and loud. He knows everything about everything when it comes to casino games. He's a self-made expert who knows more than all writers and mathematicians combined, and as he doubles on his thirteen against the dealer's ... (read more)The Craps to English DictionaryCraps is another country, a kingdom with its own mores, legends, myths, rites, rituals, superstitions and government. It also has its own language, much of it easily misunderstood as sexual or scatological references. For those of you interested in journeying to this ... (read more)Craps Crap and Craps Gold - Part 1What do the following sayings have in common? "An apple a day keeps the doctor away." "Better late than never." "High fences make good neighbors." "Always play the Pass/Come and take full odds." Answer: The above statements are true. Yes, some people might quibble and say that you can eat as ... (read more) |
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