The House Edge – A Guaranteed Win for the Casinos

Here’s why it’s important to know the house edge, which is the amount of money the casino expects to win from you over time when you play the games. The bigger the edge, the more they win. The smaller the casino advantage the longer your money may last. You are at risk for a quicker loss on any type of bet within a game that has a house edge of more than 2%.

Here is the house edge, AKA casino advantage, for some of the most popular gambling games in casinos today:

Roulette

There are 38 numbered positions that players can wager on in a number of ways. Betting a single number and winning will net you a payoff of 35 to 1. Therefore the casino makes a 2 unit profit for each win. 2/38 = 5.26% advantage for the house. Your expected loss over time is $5.26 for every $100 wagered. on a single number.

Craps

Type of bet Edge

Pass Line 1.4%

Place 6, 8 1.5%

Any Seven (one roll wager) 14.36%

Baccarat

Bet Bank. 1.06%

Bet Player 1.24%

Bet Tie 14.38%

Basic Blackjack

By far the best table game as long as the player uses correct basic strategy and the house offers favorable rules such as:

Blackjack pays 3 to 2

Dealer stands on soft seventeen

Double after splitting pairs

Double on any 2 cards

Re-split pairs

Surrender allowed

Look for these rules and you’ll enjoy a house edge of about 0.5%.

It’s worth noting that many casinos have switched to hitting soft 17. This increases the edge to 0.7% but it’s still a good game. Be aware of games that pay only 6 to 5 for a player blackjack instead of the customary 3 to 2. Simply put, a 3/2 game nets a player $15 for a $10 bet, whereas a 6/5 game only pays $12. That’s a -$3 loss for every blackjack! Not good. Unfortunately, the Vegas strip is converting to 6/5 games.

Blackjack Variants

Two low edge blackjack variants are:

Spanish 21. 0.7%

Blackjack Switch 0.6%

Carnival Games

Remember the infamous words of the carnival showman P.T. Barnum? ” There’s a sucker born every minute”. A number of games are dubbed carnival games because of a higher house edge than the traditional offerings of blackjack and baccarat. They are:

Texas Holdem Bonus 2.0%

Three Card Poker 2.3%

Ultimate Texas Holdem 2.5%

Four Card Poker 2.8%

Casino War 2.9%

Crazy 4 Poker 3.4%

Let it Ride 3.5%

Mississippi Stud Poker 4.9%

Caribbean Stud Poker 5.2%

Also, be mindful of the optional bonus or side bets at the tables. Most games have them, including those with a low edge.The winning payout amounts look very attractive and players can win even if the original wager is lost to the house. However the house edge jumps to double digits on most of these wagers.

Sports Gambling

When betting on sports games, the house takes a “vig”, slang for vigorish, when bettors make an even money wager. For example, a $10 bet on the Buffalo Bills, vs. the Miami Dolphins will cost $11. Player wins $10, the house keeps $1.

Slot Machines

It seems the everybody loves the penny slots these days. Multi-coin, multi-line with striking themes, graphics and bonus features. Players can wager as little as fifteen cents up to three or four dollars per spin. the edge on the pennies ranges between 10 & 15%! The hold on dollar and higher machines is much lower, ranging from 2 to 5%. If you’re going to bet max on the pennies, you’re better off playing the bucks.

If you like machines study up on video poker. Learn how to read the pay tables that are posted on each machine. There is a skill element to video poker. Choosing the right game can drop the house edge to less than 1%. Good Luck!

Betting on Sports – How to Win Up to 97% of All Your Bets on Sport Events

Betting on sports is one of the forms of gambling in which bettors predict about the outcome of their chosen sport event by placing their bets. Previously sports betting always has been done with the local bookies but now the Internet have changed the whole concept of this business. Online betting on sports is available to everyone at his home or any place with Internet facility. The basic tools required to play a good betting game is information on background of teams, sufficient information about particular sport you want to bet on, statistical analysis and tactics to win the bet.

There are hundreds of sports betting sites now available on Internet. These websites have chatting forums for people who want to enhance their betting knowledge. Sports betting systems are also a good source of knowledge about any game. These systems are based on reasonable mathematical information regarding any sport and team players. Besides these system experts are available online to provide the new or junior bettors fruitful information regarding betting on sport. These experts may charge you some fees for their advices. However you should carefully check before paying fees to any exert because there are many fake experts besides real experts to make profit by providing wrong information.

Sports betting online have various advantages mentioned below:

  • You can easily place bet on any betting website instead of visiting the local bookies.
  • You can collect a lot of information about sports and betting process by just few clicks.

Many people rely on sports betting for their livelihood however making sports betting a regular earning source can put you sometimes at risk of poverty because it a game in which you can win money as well as you can lose. People who are experts and skilled in betting on sports usually win more than they lose because of their experience.

Criss Cross Poker – Two Ways to Win With One Hand

How Criss Cross Poker is Played

What’s unique about Criss Cross Poker is that there are two ways to win with one hand. The objective of this poker table game is to have a winning five card poker hand which pays according to a poker ranking pay table. The dealer does not play. A standard 52 card deck is used. Before play begins, players must first make two ante bets of equal size, one in the across betting circle and one in the down betting circle. An optional 5 card bonus bet is also available that pays according to the total poker ranking in the 5 card community hand.

The dealer gives each player two hole cards face down and places five community cards face down in a cross pattern. Three horizontal and three vertical. Based on the value of player’s hole cards, the following action takes place:

  • Player may make an across bet from 1X to 3X the ante or fold the hand.
  • Dealer exposes the two outside cards on the horizontal row of the cross.
  • Player may make a down bet from 1X to 3X the ante or fold the hand.
  • Dealer then exposes the two outside cards on the vertical column.
  • Player must then make a middle bet from 1X to 3X the ante of fold.

After the middle card is exposed, the players use their hole cards to make two five card poker hands, one across and one down. The middle bet pays according to the ranking of the across and down hands according to the following pay table:

Winning Pay table

Royal Flush – 500/1

Straight Flush – 100/1

Four of a Kind – 40/1

Full House – 12/1

Flush – 8/1

Straight – 5/1

Three of a Kind – 3/1

Two Pair – 2/1

High Pair (J-A) – 1/1

Low Pair (6-10) – Push

All Other – Loss

Optional Bonus Pay Table

Royal Flush – 250/1

Straight Flush – 100/1

Four of a Kind – 40/1

Full House – 15/1

Flush – 10/1

Straight – 6/1

Three of a Kind – 4/1

Two Pair – 3/1

Pair of 6’s or Better – 1/1

All Other – Loss

Strategy and House Edge

Here is the recommended strategy:

Across Bet

Fold if your hole cards are unsuited, unpaired, and the highest card is 2-5. If you have a suited Jack-Queen or any pair, make the 3X raise. With all other cards, make the 1X bet.

Down Bet – The same applies to the down hand. You have already seen the two across cards which may assist you with your wagering options.

Middle Bet – You have now seen fou community cards from the deck. If you made at least one 3X bet, do not fold.

The house edge is calculated at about 4.3%, and 3.5% for the optional bonus wager.

Good Luck!