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*** Gambling Newsletter ***
Hot News and Winning Strategies for Gamblers
Volume 4 Issue 51 - 22 SEP 2006
IN THIS ISSUE
TOP NEWS: Bonus Offers
STRATEGY: Craps
SPORTS: Football
GAMBLING: Online Gambling
EDITOR: College Gambling?
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TOP NEWS
Bonus Offers
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STRATEGY
Craps
Mark Pilarski
The EDGE, the HOLD, and that friendly PASS LINE
Dear Mark,
The Mississippi Gaming Commission recently posted the "Hold" percentage
for table games on the coast. Blackjack was listed at 14.58%. If, using
perfect basic playing strategy, the house edge is supposed to be
approximately one half of 1%. Am I comparing apples and oranges, or is
the average BJ player completely ignoring basic playing strategy? Ray
F.
Yes and yes. But for starters, Ray, you are confusing house edge with
casino hold.
The "house edge" is a predetermined percentage of each bet that the
house takes as payment for letting you sit at their tables. The casino's
"hold" is the share of the chips the player bought that are won back by
the casino. It’s not all that hard for the casino to turn a house edge
of 1% and then, “Presto! begone!” turn it into a 14-plus percent hold.
Casinos, Ray, are not in the gambling business. They are in the
math-and-time business. Casino operators know that, even considering a
halfway decent blackjack player, the longer his keister is in their
seats, the higher their hold will climb.
Allow me to clarify. Most blackjack players give up 5% of their wager to
the house based on their shoddy play. (The house has a 5% advantage
against the “average” blackjack player. Incredibly, less than 1% of all
BJ players employ perfect basic strategy.) Consequently, after 20 hands,
based on perpetual play, they should mathematically have $95 remaining.
But the average player stays stuck to the stool, so with their remaining
$95, slowly but surely, they fatten up their losses, giving the house a
higher hold than the actual casino edge on the game.
Multiply that, Ray, by 24 hours a day play, grinding away at squatters
on hundreds of blackjack tables across Mississippi, and 14.58% doesn’t
really seem all that high. The only one gambling here is the blackjack
player, not the casino.
The only way you, the gambler, can avoid getting caught in this grind is
to shorten your gambling timeline. Casino operators know all too well
that such cautious behavior has negative implications on the casino’s
hold. They would much prefer to see you crazy glued to a stool and
anteing-up casino chips all day long.
Dear Mark,
I don’t gamble a lot, but when we have guests who think we’re lucky to
live only 15 minutes from a sharp casino, we always take them, and I
play craps, my favorite. I’ve been told that the best bet is on the pass
line, and wonder if it’s true. Brenda C.
Craps with cronies can be enjoyable entertainment, and based on your
pass line play, you’re already an expert amongst your friends. Still,
less than one percent of players who belly up to the game understand
dice as you do. Most players are greener than the felt on the table. So,
Brenda, allow me to give your gambling gang and fellow readers the only
bets you really want to make on a crap table. The best bets on a crap
game are the pass and come line bets you subscribe to, those wagers with
odds, and the placing of the 6 or 8. These three wagers have a casino
edge of 1.5% or lower. Stick to these three, and you’ll be certified to
get your teaching credentials.
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SPORTS
Football
Getting A Handle On Football And Online Casinos
Online gaming companies get the most bang out of both football betting
and online casinos.
Full story at:
http://www.winneronline.com/articles/september2006/nflonlinecasinohandle.htm
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GAMBLING
Online Gambling
Online Gambling Jurisdictions-2
In the second part of Online Gambling Jurisdictions, we look at other
areas such as the UK, who will gear up to begin regulating and licensing
online casinos.
Full story at:
http://www.winneronline.com/articles/september2006/onlinegamblingjurisdictions-2.htm
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EDITOR
College Gambling?
Steve Johnson, Gambling Newsletter
We all know how much of a following online poker has amongst college
campuses across the US and we all know that there might be a small
chance that it could interfere with school work but is a proposed plan
by DeSales University in Center Valley, Pa. necessary? The university
recently hosted a forum on whether to block access to poker sites on
campus and not surprisingly many were against banning internet poker
rooms campus wide. Some say they would fight if it was implemented,
others said they used it to pay tuition. Is there a middle ground? Of
course! Lower tuition.
*See you in couple of weeks!*
Steve Johnson, Editor
editor@gamblingnewsletter.com
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This week's Gambling Newsletter sponsored by
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