What are the worst bets in the casino?

Ever wonder if there was a way to walk into a casino and lose your money even more quickly than you usually do? Well, wonder no more because playing the following games is the quickest way to become separated from your hard-earned money. That’s right, it’s time to find out what exactly are the WORST bets you can make in a casino.

The following represent those games where the house advantage is either ridiculously high, or the risk/reward equation of making the bet will break any household calculator.

Five worst bets/games on the casino floor:

1. Keno. Have you ever played the lottery? Ever WON the lottery? We didn’t think so. Keno is like playing lottery 25 times in a row while you eat your Steak and Eggs special in the casino coffee shop.

2. Blackjack Insurance. If you want to spot the beginning blackjack player at the table, look for the one putting money up for Insurance. The side bet is supposed to protect the player from losing their shirt on the dealer’s 21, but with a house advantage of 8%, who’s really getting the best deal here?

3. The Wheel of Fortune. The big wheel looks enticing when you walk into a casino, but try to avoid the urge to play it. The house’s advantage can run as high as 24% depending upon your bet, making this one is a must-avoid.

4. “00” on a Roulette Wheel. Betting the green Double Zero on a roulette wheel may seem like a sexy bet, but it is actually the worst possible bet you can make on this classic casino game. The house advantage here skyrockets over 5% when you play the green.

5. Craps Prop Bets. The bets in the center of the craps table are known as “Prop Bets” or “Proposition Bets”. They include things like betting on “Any Seven” or that old standard YO-ELEVEN. Play the Pass and Come bets for better odds and your money will last a heck of a lot longer.

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5 Essential Craps Tips to Keep You in the Black

Thinking about hitting the craps table on your next gambling excursion?

Best to know the game and its many intricacies before you throw your money down.
The following are five essential tips designed to keep you from crapping out.

1. Don’t play the prop bets.
Shooting for big payouts on the proposition bets in the center of the table may seem like a fun way to win some quick money,
but “yo-eleven” and their ilk are actually some of the worst odds on the table.

2. Learn the odds.
It is absolutely crucial that you enter a craps game with a thorough understanding of the odds.
The basic version goes something like this: certain numbers are rolled more often than others
(an “8” is much more likely to come up than a “3”) and as such, the odds paid out for that roll are going to be lower.

3. Bet the Pass Line.
The “Pass Line” and “Don’t Pass Line” bets offer the lowest house advantage of any bets on the craps table.
Compare the 1.36% house advantage on the Pass Line to the 16.67% edge it enjoys on the “Any Seven” bet
and you can start to see why the proposition wagers are such a bad deal.

4. Three is the magic number.
Experts agree that having three bets going at once is the ideal situation for winning more money.
Bet once on the Pass Line and place two Come bets during the roll and will be able to minimize losses and enjoy the best chance of winning.

5. Practice.
One of the soundest strategies for winning at craps is to practice before you play.
There are plenty of free craps simulations online to help you get a better feel for
the game and its many potential outcomes before you start using your own bank roll.

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Tips for playing winning craps

Today, we continue our “man cannot live by poker alone” series with a look at some quick and easy strategies for playing winning craps. Many people are too intimidated by the craps table to walk up and play (“Where do I place my bets?”, “Why is everyone yelling at me? It’s not my fault I rolled a two!”) but following these leads will help you get in the flow of the game and decrease the odds that you’ll lose your shirt!

Tips for playing winning craps:

· Watch the other players at the table and find the person with the most chips. Make the same bets he does (although in smaller amounts) to get a feel for how a “pro” plays the game.

· To make the game last longer, stay away from the long-odds bets and stick with betting on “Pass/Don’t Pass” or “Come/Don’t Come”

· Don’t leave the table after you win. Craps is a game of streaks and while you need to bet responsibly, you must also be prepared to keep a winning streak going.

· Don’t be afraid to ask for help. Most dealers (the ones who want to get tipped anyway) will provide friendly, patient advice for the new player.

· Try and limit your betting to a Pass Line bet and two Come bets. This is enough action for most folks and will keep you in the game longer by limiting losses when the shooter craps out.

· Stay away from crazy long odds bets such as “Yo-Eleven”. There are plenty of smarter investments to make around the table where the odds against you are not as great.

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Opinion: Slot Machines, the Essence of Chance

In my previous posts, I outlines the basic idea of what slot machines give you. They aren't exactly as exciting as a game of craps, and they don't involve as much skill or agency as most card games. So what do they offer?

1. Ease. let's face it, a lot of people truly enjoy participating in games of chance, but are intimidated by games with more complicated rules. Games like Omaha eight or better are really difficult. Even games like blackjack or craps require one to stay focused on the action. With slots, you have the inherent fun of just betting on something, without all of the effort and concentration.

2. Complete Chance. There must be something apart from the skill based and social aspects of casino gaming that appeals to people. Chance appeals to something fundamental in all of us, namely, the idea of hoping against hope. When you bet, you are betting on yourself to triumph against the odds. Slots still have that. Perhaps proportionately slot machines have even more of the excitement that comes with betting because there is nothing else involved, and because you can place more bets per hour.