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*** Gambling Newsletter ***
Hot News and Winning Strategies for Gamblers
Volume 4 Issue 42 - 2 APR 2006
IN THIS ISSUE
TOP NEWS: Bonus Offers
STRATEGY: Drops the House Edge
SPORTS: March Madness
POKER: Poker 24/7
EDITOR: Freeroll Tournaments
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TOP NEWS
Bonus Offers
Bonus Offers
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STRATEGY
Drops the House Edge
Mark Pilarski
Dropping Zeroes Drops the House Edge
Dear Mark,
For years I’ve been trying to convince my wife that playing on a single
zero roulette table, which, by the way, our local casino offers, is a
much better play than on a double zero wheel. She sort of believes me
but it’s just that the 00 is her favorite number on the layout. Besides,
she believes that splitting the 0/00 reduces the house edge to that of a
single wheel game. I don’t believe she is correct and we have dinner in
the casino buffet riding on your reply. Who wins? Eugene T.
The feeding frenzy at the trough is on your wife, Eugene.
Placing a split bet on the 0 and 00 in roulette makes zero difference to
the house edge. The casino advantage of 5.26% applies when splitting the
0 and 00, just as it would on any other split bet on the layout. All
split wagers, single-number bets, as well as all outside wagers with the
exception of one (the 1, 2, 3, 0, 00) carry that same steep 5.26% house
edge. What would drop the house edge would be dropping zeroes.
Most players don’t realize this, but the casino advantage of 5.26% in
roulette comes from the presence of the 0 and 00 on the layout. The
casino pays all wagers according to how the odds would be if there were
just 36 numbers on the wheel, even though by adding the 0 and 00, there
are now 38 numbers. The true odds of hitting your number are 1/38, yet
winners are paid only 35-1. By playing on a single-zero game, which when
given the choice you and wife should always do, you cut the house edge
in half; the house will still pay you 35-1, even though the true odds
are improved for you to 1/37.
Here’s a bit of roulette trivia your significant other would probably
appreciate. Originally, the single-zero wheel began in America and the
double-zero wheel in Europe. But Europeans eventually prized the
single-zero wheel more, while the double-zero wheel became more popular
in America, so they switched. Today, the European wheel, also known as
the French wheel, and the single-zero wheel are synonymous, all having
37 betting spots.
I can personally attest to this oddball lunacy brightening the late
80’s. I dealt roulette at Bill’s Lake Tahoe Casino, where at that time
we had the only single-zero wheel at South Lake Tahoe -- the best deal
for the customer, yet we ended up yanking it after nine months, not
because management was whining about the house edge being reduced to
2.63% across the layout, but because of the drone of customer complaints
generated by uneducated players who couldn’t bet the 00 anymore. Go
figure, because those misguided gamblers sure couldn’t.
Dear Mark,
A friend of mine and I were talking about the maximum amount of players
at Texas Hold'em. I said 22 players and he said only 21 could be the
maximum because by tradition you can't use the last card in the deck.
Please settle this argument. John M.
Unlike blackjack, John, in Texas Hold’em, you do not discard the top
card of the deck prior to dealing a round. So, theoretically, Texas
Hold’em can be played by up to 22 players (44 player cards, three burn
cards, and five community cards).
As to some unwritten law of not using the last card, I’ve never heard of
it. Also, since Hold'em is generally played among 2 to10 people, you'll
only see a spread larger than that late at night when the poker room is
short a dealer, or in tournaments when they occasionally combine two
tables.
As for myself, I've never sat in on anything larger than a 12-handed
game.
Gambling Wisdom of the Week: "Even the most cunning strategist is
helpless in the face of an ice-cold run of cards or someone else's
idiotic good fortune." --Phil Gordon
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SPORTS
March Madness
The improbable run of the George Mason Patriots came crashing to a halt
in the Final Four with a 73-58 loss to Florida where they failed to
cover as 6-point underdogs. After knocking off Michigan St., North
Carolina, Wichita St. and UConn in succession, the Patriots finally met
their match in the favored Gators.
Florida looked like they wouldn’t cover, heading into the locker room
with a 31-26 lead at the half, but the Gators had begun to establish
themselves from beyond the arc going 6-of-15 in the first half,
something that would benefit them greatly in the second.
Full story at:
http://www.winneronline.com/articles/march2006/Finalfourrecap.htm
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POKER
Poker 24/7
Poker 24/7 by Reuben
Stewart Reuben, an English author who penned How Good Is Your Pot-Limit
Hold'em and How Good is Your Pot-Limit Omaha, has produced an
interesting, and what might become quite a controversial work in Poker
24/7 (35 Years As a Poker Pro) (256 pages, $24.95). He apparently likes
to "walk the edge of controversy," which in this case means he hints at
things people have done--sometimes on the dark side. But he can be
annoying because he doesn't quite get to actual "documentation" of any
event he hints at.
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EDITOR
Freeroll Tournaments
Steve Johnson, Gambling Newsletter
Be sure to stop in at www.winneronline.com [http://www.winneronline.com]
for your online casino fix (bonuses, great discussion on the message
boards, alerts about scammers, etc.), and for the poker side of things,
www.pokerforum.com [http://www.pokerforum.com] is your place. Stay tuned
for the upcoming freeroll tournaments at pokerforum.
*See you next week!*
Steve Johnson, Editor
editor@gamblingnewsletter.com
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This week's Gambling Newsletter sponsored by
Golden Tiger Casino
$250 Free at Golden Tiger Casino!
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