The difference between odds to win and house advantage is odds to win is the chance of you winning a particular bet, for example, in roulette if you play one number the odds of you winning are 1 in 38 spins (there are 38 possibilities 1-36 plus 0 and 00) or 2.63% of the time.
House [...]
Posts Tagged win
THE GAMBLERS FALLACY
Nov 19
I have heard a lot of talk lately about the age old “Martingale Betting System”, mostly used in roulette, but designed for any bet that is close to a 50/50 proposition.
This is the one that says if you lose double your bet, and keep doubling it until you win…in theory and on the surface this [...]
“The house doesn’t beat the player. It just gives him the opportunity to beat himself.”
- Nick “the Greek” Dandalos
Truer words were never spoken…at least when it comes to casino gambling.
Yes the house does have an advantage, but more times than not it is the play of the gambler that increases that advantage to an unbeatable [...]
TAKE A BREAK
Sep 24
In a blog earlier this month I talked about one of the two of “nevers” in casino table games and that was never quit a winning streak, the other “never” was NEVER REACH INTO YOUR POCKET TO BET MORE THAN YOUR ORIGINAL BUY IN.
If it makes sense to NEVER quit a winning streak, then the [...]
In the game of craps you can bet on any of the point numbers; four, five, six, eight, nine, and ten. If that number is rolled before a seven is thrown then you win, if a seven is rolled before that number then you lose. You can either “place” the number or “buy” the number.
If [...]
I have learned two very important things over the years. Number one is you can’t chase your money. If you try to double up to win, the table limit will catch up to you, not to mention how much money is required to do this. And number two, if you make the same bet every [...]
If you are looking for the top spots to gamble, there are several things to take into consideration. First and foremost would be comfort level; you want to be comfortable and relaxed in your surroundings. You would probably want a good hotel, some nice restaurants, and optimum accessibility, as in an easy drive or a [...]
