House Advantage

Pocket

“The house doesn’t beat the player. It just gives him the opportunity to beat himself.”

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 amount.

Craps 2I can’t tell you how many times I have seen players making bets that actually cancel a bet they already have made, or even make ridiculous bets with no rhyme or reason. But most of that comes from not knowing their game and not knowing the house percentage and the odds to win a particular bet.

Knowing your play is critical when it comes to gambling. I know in the short run anything can happen including the long shot bets, but over the course of time and even in the short run for the most part those won’t happen enough to make you a winner.

Yes, I know there is some confusion on house percentage vs. the odds to win a bet, and how do you recognize when you are betting against yourself?

Well, let’s begin with house percentage vs. odds to win; the odds of you winning a bet are based on how many ways you can win vs. how many ways you can lose and the house percentage is the casino take each time the bet is made.

Let’s go to the crap table and look at the number 8 place bet. It’s a simple bet and there are several ways to win and lose the bet. If you roll 8 before 7 you win, if you roll 7 before 8 you lose. There are 5 ways to make an 8 and there are 6 ways to make a seven.

So the odds of winning the bet are 6 to 5 (5 times out of eleven) or about 45% of the time.

Thanks for reading this article, I hope, you have learned something new. I really enjoy sharing my passion with you. Be sure to check other articles about casino. Stay tuned for new materials. Be responsive with your game and your money, Good luck, and don`t forget to have fun!

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My name is Tommy, I am a founder and author of this website about traveling. I live in Washington D.C., but most of my time I spend by traveling, because my main goal is to visit 50 countries of the world untill 2018.