Worst Bets In History
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Free nba basketball team ats trends and splits in simple, easy to read tables. This page tracks all games results. Don’t forget to check out the biggest wins in sports betting history to lift your spirits afterwards! Vegas Dave’s ‘Cupcake’ Loss. First up is David Oancea, better known as Vegas Dave. This prominent sports bettor is renowned for boasting on his Instagram account about his big bets and even bigger wins on long-shot bets. Super Bowl V: Cowboys (+2.5) vs. Blunder Bowl (Miami, 1971) The then Baltimore Colts faced. In 2005, the Co-founder of YouTube, Steve Chen said the following: There’s just not that many. Hockey 1,000-to-1 1980 Winter Olympics. Do you believe in gambling miracles???
Updated November 17, 2019 — With the Houston Astros in the 2019 World Series versus the Washington Nationals we got to see the newest big wager on a Jon Price scale of $3.5 million dollars. Something we covered right here at the Sports Information Traders news Desk (see Mattress Mack Sports Betting Wager on the World Series article). We talk a lot about big bets placed here. Jon Price of Sports Information Traders was featured for his million dollar win on Floyd “Money” Mayweather over Manny Pacquaio where he told the entire world that he was placing a huge wager on Mayweather and everybody who wants to also make money should follow in his footsteps. Later on that big wager got him some headlines and into a list of the top 5 living gamblers list. Another story put Fred Smith of Fed-Ex ahead of him where Smith wagered the last of the companies money at the Blackjack table to ensure the companies survival.
Today we will talk about another set of great gambling stories that don’t all involve Sports Betting or the legend Jon Price. Below are some of the best gambling stories to read about on the internet and winning tickets cashed including one wager that took 11 years in the making:
1) From $0.00 to $17 Million Dollars by Archie Karas’
The Greek waiter was dead broke. He borrowed $10,000 and was fully leveraged to play heads up poker. He did so downtown Las Vegas at Binion’s Horseshoe and beat out the 15 best players at the time. To keep the good luck running at the Horseshoe he went on to play Craps. Hit a lot of points, hard numbers, and turned that $10,000 into $17 million. He was banned from almost every casino at one point and would bet $100,000 on a single dice roll to get his fix. The “Streak” as it’s known in gambling and betting circles lasted 3 years but Archie gave it all back shortly there after.
2) Betting The House on a Soccer Match
Back in September of 2001, a die-hard Tottenham fan bet the house (literally). His entire mortgage was on the line and with the opponent Manchester United down 3-0 going into the second half he was certain the bet he placed all to impress his girlfriend was about to pay off. What he didn’t expect was a Tom Brady Super Bowl 51 comeback where Manchester scored 5 goals in the second half and left him homeless and single by the end of the game.
3) The U2 Bet with odds of 6,479 to 1
A Welsh man across the pond bet back in December 1989 at Ladbrokes betting shop that Cliff Richard would be knighted, that U2 and Bono would still be around,a dn Eastenders would well forever be on television as well as Australian Soaps Neighbors and Home and Away still being broadcast on British television in the year 2000. Well they all came to fruition for this odd proposition bet and paid out over $200,000 or £194,400 for our English readers.
4) $75 Million Dollars Made by Illegal Asian Betting Syndicates
Organized Crime is not something to play with. Football matchups were experiencing serious blackouts back in the 1990’s and many knew something was up but couldn’t prove it at the time. Bookmakers paid out big time with over $75 million dollars lost as bookmakers paid out based on the final score of a game if the game was abounded even if it were due to remote controls being used to cut the floodlights.
5) Gambling On your Own Horse
Mike Futter a well known international gambler who runs bingo halls in Ireland and likes to play the ponies. He bet on Monty’s Pass 14 years ago in the Grand National. With over $1.3 million in winnings that day ranging from $6,000 each way @ 33-1 odds to $12,500 each way at 20-1 odds. The Preakness, Belmont, and Kentucky Derby gets some action like this but it rarely hits the headlines.
6) William Lee Bergstrom’s Million Dollar Craps Bet
Gamblers like Mike Futter love horses and Texas Horseman and trader William Lee Bergstrom is no different. Being known in circles throughout Las Vegas as the “Suitcase Man” he appeared at Binion’s Gambling Hall in Las Vegas back in 1980 with a plan. The plan was that the casino would match any wager that he placed as long as it was his first wager and not an add on, double down, or retaliation bet. He had two suitcases and the first was filled with $777,000 and he won based on a don’t pass roll with the shooter crapping out with a 7 before the point was made. Later Bergstrom returned and this time bet $1 million dollars on the don’t pass line. The first roll was a 7 and he instantly lost the million dollars. He later commited suicide in Texas where he owned an apartment building in Austin and asked Binion to be remembered as the “phantom gambler at the Horseshoe” Casino. Rumors surround around his death being from a lost lover and not from gambling as he was up over half a million dollars at the time of his suicide.
7)Mr. Ye $125 Million in Lost Bets
Zhenli Ye Gon’s betting habits will always make you feel better. A near record but not the biggest was his losses of over $125 million dollars to Las Vegas, Nevada casinos. The money came from illicit gains in drug dealing and thus has landed him in jail. When his home in Mexcio City, Mexcio was raided over $200 million in cash and assets were seized. He’s also believed to have the largest recorded wager of all time.
8) Caesers Palace Says Keep Terrance Watanbe’s Glass Filled
A story that made national media attention when in 2007 midwestern business ownner terrance Watanabe just could not win. He pulled every marker possible at Harrahs properties and blew through $127 million dollars that he tried to later regain in an unsucessful lawsuit. Took him 20 years to inherit and build and only a few years to lose it all. If only he had taken up sports betting.
9) $15 million Dollars Today
Back in 1903 money had a different value to it. The Hermit’s Pride was a group of professional gamblers who bet on horses back in Ireland and won in what is todays equivalent of $15 million dollars.
10) Swimming the English ChannelWorst Bets In History Yahoo
This is the saddest of the stories. Back on 08/24/1875 captain Matthew Webb was the first human to swim the English Channel. When the need for money arose he tried to swim across Whirlpool below Niagra Falls for $10,000 but never returned…
11) Gambling tycoon Kerry Packers Coin Toss = The Biggest Bet ever paid out in Gambling Terms
While business wagers and hedge fund bets such as the 2008 CDS (Credit Default Swap) Shorting was over a Billion dollars paid out on a single wager when it comes to gambling that tile goes to casino tycoon Kenny Packer. Australian Gambler and media tycoon Kerry Packer loved to gamble and was a close friend of Jon Prices who discussed betting strategies with him quite often. He’s lost over $50 million dollars in under a year and his worst streak was $28 million during a 3 week losing streak back in 1999 over in London, England.
12) Mattress Mack Hedges a World Series Bet with $3.5 Million on the Astros
While he was known as a furniture store owner and die hard Houston Astros fanatic Mattress Mack said that he would give out free furniture to those who bought if the Astros won the 2019 world series. This got him quite a bit of publicity and he almost cashed in his winner and had to use his insurance policy that he took out in case he had to give away free beds and sofas to the greater Houston area. In the end however the Washington Nationals defeated the Astros in 7 games and the biggest bets that he placed in Biloxi, Mississippi and in Atlantic City, New Jersey sportsbooks were never cashed in. ,
For more great sports betting news and gambling stories sign up above.11/17/2019Knowing which is which can help make you a winnerby Frank Scoblete
This article began innocently enough. My editor, Len Butcher, sent me the following email: “Frank, I need a piece on the top 10 best and worst casino bets for the December Casino Player issue. Deadline is October 16. Thanks, Len.”
This should be a snap, I thought. I can write this in my sleep. I immediately thought of the worst game, Keno, where the house edge is about 25 percent—which means you lose about 25 cents for every dollar you bet at the game. Surely that would be at the top of the list for the worst bets you can make in a casino.
So I started writing, but then it dawned on me that something was amiss. In Keno, playing every game, maybe four games an hour at some casinos, betting one dollar, you lose about a dollar per hour. Now if we take a good bet like mini-baccarat’s “bank” bet (which has a 1.06 percent house edge) and you bet $10 per decision, and play 150 decisions (which is not unheard of), then you’d lose a whopping $15.90.
So which is the worse bet? In terms of the house edge, it’s Keno. But speed-wise, mini-baccarat is worse. Then I realized there’s another consideration. Some games are just not found in a lot of casinos. Some of the worst bets in all of casino history are at Sic Bo—where the house edge can soar into the 40 percent range. Should I count these bets among the worst, even if you might never see a Sic Bo game in your life?Worst Bets In History Games
And what about video poker, where there are so many machines that the entire article could be about these games?
To keep things simple, in this article I will use the “house edge” as the primary criteria of judgment, but I will mention the speed of the games as well, to give you a more complete picture. And I will limit my list to games that are found in almost all casinos. There are even worse bets out there, but they’re games that haven’t made it to most casinos (thankfully).
As for video poker, I’m not mentioning it among the “best bets” although some video poker machines can be positive expectation games if played properly, and others have house edges of between one-half and one percent or so. I’m limiting this list to table games; finding and playing the right video poker machines is another story unto itself. And, finally, I’m not going to bother mentioning the various “side bets” you’ll occasionally see at the tables. These bets come in many different forms, but they’re almost always a bad idea. Avoid them.
With that said, here we go—the worst first.
The 10 Worst Bets
1. Keno
Yes, this is probably the worst bet you will find in most casinos. The average house edge hovers around 25 percent, which is better than state lotteries, but that’s not saying much. Still, the pace of the game is slow and if you only make one bet per game you won’t lose much money.
2. Any Seven (Craps)
This is a one-roll bet that the next number rolled will be a seven. The house edge is a monstrous 16.67 percent. If you make this bet on every roll, even if you only wager a measly dollar, you can lose about $20 per hour!
3. Progressive Slot Machines
Yes, those gigantic multi-million dollar jackpots sure are tempting, but progressive games are the very worst machines in the casino—no matter what the denomination is. The house edge ranges from 12 to 17 percent. This means you lose between $12 and $17 for every $100 you wager in the long run. Making the situation even more brutal is the fact that people tend to play these games very fast. How much can a $1 slot player lose on an inter-casino linked progressive? Upwards of almost $400 per hour. Yikes!
4. Tie Bet at Baccarat
This bet comes with a house edge of around 14 percent. With traditional baccarat, played in the high roller rooms, the game is relatively slow; at mini-baccarat, however, the speed of the game is very fast. This bet is bad in both games.
5. 2 and 12 (Craps)
Snake eyes (2) and boxcars (12) have house edges of 13.89 percent. These are one-roll bets for the unwary and unwise craps player.
6. Whirl or World (Craps)
This is a multiple number (2, 3, 7, 11, 12), one-roll bet that has a house edge of 13.33 percent. Steer clear of this one.
7. The Horn (Craps)
Another multiple number (2, 3, 11, 12) one-roll bet that comes in with a house edge of 12.5 percent. There is a saying, “See a horn, bet a horn.” The real saying should be, “You have to be an idiot to bet the horn.”
8. 3 and 11; Hard 4 and Hard 10; Any Craps (Craps)
Ironically, the 11 has an 11.11 percent house edge, as do the rest of these bets. These bets should hold no interest for you, since making them on each and every roll will cost you $11.11 per $100 wagered.
9. 5-Cent Slot Machines
The low denomination, non-progressive slot machines also have high house edges—around 10 to 12 percent—and most people play them fast, causing their losses to add up quickly.
10. Hard 6 and Hard 8 (Craps)
At this point we’ve left the double-digit house edges behind us, but these two bets are still pretty bad with a house edge of 9.09 percent. They are not active on every roll, which helps a little.
The 10 Best Bets
1. The Pass, Don’t Pass, Come, Don’t Come with Odds (Craps)
Some casinos in America are still offering craps games with 100X, 20X, 10X and 5X odds. Here, the house edge is a small fraction of a percent on these games if you utilize the odds bets. Without odds, the house edge on the above bets is about 1.4 percent—still very good. Also, not every roll impacts you, so that’s a good thing too. Most players will be on about 50 percent of the decisions betting this way.
2. Blackjack Basic Strategy
If the game you are playing is a traditional blackjack game with the house paying 3 to 2 for blackjacks, with the dealer standing on soft 17, and with the right to double on any first two cards, split and double after splits, the casino will have about a half percent house edge. That means you lose about 50 cents for every $100 wagered—a very good bet indeed. Blackjack is a moderately fast game, but with such a low house edge you still have a very good shot at winning some money on any given session.
3. The Bank Bet at Baccarat
The house edge at this bet is 1.06 percent. Remember that traditional, high-roller room baccarat, where the players deal the cards, is a slow game. Mini-baccarat is a fast game.Worst Bets In History
4. The Player Bet at Baccarat
The house edge on this bet is a mere 1.24 percent. See #3.
5. Blackjack Pays 6 to 5 for Natural (Basic Strategy)
This new game is three times worse than traditional blackjack, as it pays only $12 to $10 for a blackjack as opposed to $15 to $10. Usually these games also have the dealers hitting their soft 17s. The house edge on these games is around 1.5 percent, depending on the casino’s rules.
6. Place the 6 or 8 (Craps)
This bet must be made in multiples of $6. It pays $7 on a win since the house has a 6 to 5 edge on the bet. The house edge is 1.52 percent and the bet is active on 11 of 36 decisions, which means most of the time you will not have your money acted upon.
7. Spanish 21 (Basic Strategy)
In this variation of blackjack, the 10-spot cards are removed but there are all sorts of special awards for premium hands built into the rules. With the proper basic strategy, the house edge is around 1.8 percent, give or take, depending on rules of the casino.
8. Three Card Poker
There are two games in one here. The main game of ante and wager has about a 2 percent house edge. The secondary game, called Pair Plus, has about a 2.3 percent house edge. The game is relatively fast, so you might want to sit out some hands every so often.
9. Lay the 4 and 10 (Craps)
Here, you are betting that the 7 will appear before the 4 or 10. The house edge is 2.44 percent.
10. Black belt baccarat las vegas strip. Caribbean Stud and Pai Gow Poker
Two of the first “carnival” card games are still going strong in casinos. The house edge is about 2.5 percent if you play your hands properly. These are relatively slow games.Worst Bets In History In America
So there you have it—the worst bets and the best bets you’ll encounter during your next trip to the casino. Good luck, and play smart.
Frank Scoblete is the #1 best-selling gaming author in America. He is executive director of the Golden Touch advantage-play seminars in craps and blackjack. His websites are www.goldentouchcraps.com, www.goldentouchblackjack.com and www.scoblete.com in association with CasinoCityTimes.com. His recent books are The Golden Touch Dice Control Revolution! and The Golden Touch Blackjack Revolution! His new DVD is Golden Touch Dice Control DVD showing over 200 controlled dice throws – many in slow motion. For a free brochure or to order Frank’s products, call 1-800-944-0406.The Best and Worst Bets in the Casinos.
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*Worst Bets In History Yahoo
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Free nba basketball team ats trends and splits in simple, easy to read tables. This page tracks all games results. Don’t forget to check out the biggest wins in sports betting history to lift your spirits afterwards! Vegas Dave’s ‘Cupcake’ Loss. First up is David Oancea, better known as Vegas Dave. This prominent sports bettor is renowned for boasting on his Instagram account about his big bets and even bigger wins on long-shot bets. Super Bowl V: Cowboys (+2.5) vs. Blunder Bowl (Miami, 1971) The then Baltimore Colts faced. In 2005, the Co-founder of YouTube, Steve Chen said the following: There’s just not that many. Hockey 1,000-to-1 1980 Winter Olympics. Do you believe in gambling miracles???
Updated November 17, 2019 — With the Houston Astros in the 2019 World Series versus the Washington Nationals we got to see the newest big wager on a Jon Price scale of $3.5 million dollars. Something we covered right here at the Sports Information Traders news Desk (see Mattress Mack Sports Betting Wager on the World Series article). We talk a lot about big bets placed here. Jon Price of Sports Information Traders was featured for his million dollar win on Floyd “Money” Mayweather over Manny Pacquaio where he told the entire world that he was placing a huge wager on Mayweather and everybody who wants to also make money should follow in his footsteps. Later on that big wager got him some headlines and into a list of the top 5 living gamblers list. Another story put Fred Smith of Fed-Ex ahead of him where Smith wagered the last of the companies money at the Blackjack table to ensure the companies survival.
Today we will talk about another set of great gambling stories that don’t all involve Sports Betting or the legend Jon Price. Below are some of the best gambling stories to read about on the internet and winning tickets cashed including one wager that took 11 years in the making:
1) From $0.00 to $17 Million Dollars by Archie Karas’
The Greek waiter was dead broke. He borrowed $10,000 and was fully leveraged to play heads up poker. He did so downtown Las Vegas at Binion’s Horseshoe and beat out the 15 best players at the time. To keep the good luck running at the Horseshoe he went on to play Craps. Hit a lot of points, hard numbers, and turned that $10,000 into $17 million. He was banned from almost every casino at one point and would bet $100,000 on a single dice roll to get his fix. The “Streak” as it’s known in gambling and betting circles lasted 3 years but Archie gave it all back shortly there after.
2) Betting The House on a Soccer Match
Back in September of 2001, a die-hard Tottenham fan bet the house (literally). His entire mortgage was on the line and with the opponent Manchester United down 3-0 going into the second half he was certain the bet he placed all to impress his girlfriend was about to pay off. What he didn’t expect was a Tom Brady Super Bowl 51 comeback where Manchester scored 5 goals in the second half and left him homeless and single by the end of the game.
3) The U2 Bet with odds of 6,479 to 1
A Welsh man across the pond bet back in December 1989 at Ladbrokes betting shop that Cliff Richard would be knighted, that U2 and Bono would still be around,a dn Eastenders would well forever be on television as well as Australian Soaps Neighbors and Home and Away still being broadcast on British television in the year 2000. Well they all came to fruition for this odd proposition bet and paid out over $200,000 or £194,400 for our English readers.
4) $75 Million Dollars Made by Illegal Asian Betting Syndicates
Organized Crime is not something to play with. Football matchups were experiencing serious blackouts back in the 1990’s and many knew something was up but couldn’t prove it at the time. Bookmakers paid out big time with over $75 million dollars lost as bookmakers paid out based on the final score of a game if the game was abounded even if it were due to remote controls being used to cut the floodlights.
5) Gambling On your Own Horse
Mike Futter a well known international gambler who runs bingo halls in Ireland and likes to play the ponies. He bet on Monty’s Pass 14 years ago in the Grand National. With over $1.3 million in winnings that day ranging from $6,000 each way @ 33-1 odds to $12,500 each way at 20-1 odds. The Preakness, Belmont, and Kentucky Derby gets some action like this but it rarely hits the headlines.
6) William Lee Bergstrom’s Million Dollar Craps Bet
Gamblers like Mike Futter love horses and Texas Horseman and trader William Lee Bergstrom is no different. Being known in circles throughout Las Vegas as the “Suitcase Man” he appeared at Binion’s Gambling Hall in Las Vegas back in 1980 with a plan. The plan was that the casino would match any wager that he placed as long as it was his first wager and not an add on, double down, or retaliation bet. He had two suitcases and the first was filled with $777,000 and he won based on a don’t pass roll with the shooter crapping out with a 7 before the point was made. Later Bergstrom returned and this time bet $1 million dollars on the don’t pass line. The first roll was a 7 and he instantly lost the million dollars. He later commited suicide in Texas where he owned an apartment building in Austin and asked Binion to be remembered as the “phantom gambler at the Horseshoe” Casino. Rumors surround around his death being from a lost lover and not from gambling as he was up over half a million dollars at the time of his suicide.
7)Mr. Ye $125 Million in Lost Bets
Zhenli Ye Gon’s betting habits will always make you feel better. A near record but not the biggest was his losses of over $125 million dollars to Las Vegas, Nevada casinos. The money came from illicit gains in drug dealing and thus has landed him in jail. When his home in Mexcio City, Mexcio was raided over $200 million in cash and assets were seized. He’s also believed to have the largest recorded wager of all time.
8) Caesers Palace Says Keep Terrance Watanbe’s Glass Filled
A story that made national media attention when in 2007 midwestern business ownner terrance Watanabe just could not win. He pulled every marker possible at Harrahs properties and blew through $127 million dollars that he tried to later regain in an unsucessful lawsuit. Took him 20 years to inherit and build and only a few years to lose it all. If only he had taken up sports betting.
9) $15 million Dollars Today
Back in 1903 money had a different value to it. The Hermit’s Pride was a group of professional gamblers who bet on horses back in Ireland and won in what is todays equivalent of $15 million dollars.
10) Swimming the English ChannelWorst Bets In History Yahoo
This is the saddest of the stories. Back on 08/24/1875 captain Matthew Webb was the first human to swim the English Channel. When the need for money arose he tried to swim across Whirlpool below Niagra Falls for $10,000 but never returned…
11) Gambling tycoon Kerry Packers Coin Toss = The Biggest Bet ever paid out in Gambling Terms
While business wagers and hedge fund bets such as the 2008 CDS (Credit Default Swap) Shorting was over a Billion dollars paid out on a single wager when it comes to gambling that tile goes to casino tycoon Kenny Packer. Australian Gambler and media tycoon Kerry Packer loved to gamble and was a close friend of Jon Prices who discussed betting strategies with him quite often. He’s lost over $50 million dollars in under a year and his worst streak was $28 million during a 3 week losing streak back in 1999 over in London, England.
12) Mattress Mack Hedges a World Series Bet with $3.5 Million on the Astros
While he was known as a furniture store owner and die hard Houston Astros fanatic Mattress Mack said that he would give out free furniture to those who bought if the Astros won the 2019 world series. This got him quite a bit of publicity and he almost cashed in his winner and had to use his insurance policy that he took out in case he had to give away free beds and sofas to the greater Houston area. In the end however the Washington Nationals defeated the Astros in 7 games and the biggest bets that he placed in Biloxi, Mississippi and in Atlantic City, New Jersey sportsbooks were never cashed in. ,
For more great sports betting news and gambling stories sign up above.11/17/2019Knowing which is which can help make you a winnerby Frank Scoblete
This article began innocently enough. My editor, Len Butcher, sent me the following email: “Frank, I need a piece on the top 10 best and worst casino bets for the December Casino Player issue. Deadline is October 16. Thanks, Len.”
This should be a snap, I thought. I can write this in my sleep. I immediately thought of the worst game, Keno, where the house edge is about 25 percent—which means you lose about 25 cents for every dollar you bet at the game. Surely that would be at the top of the list for the worst bets you can make in a casino.
So I started writing, but then it dawned on me that something was amiss. In Keno, playing every game, maybe four games an hour at some casinos, betting one dollar, you lose about a dollar per hour. Now if we take a good bet like mini-baccarat’s “bank” bet (which has a 1.06 percent house edge) and you bet $10 per decision, and play 150 decisions (which is not unheard of), then you’d lose a whopping $15.90.
So which is the worse bet? In terms of the house edge, it’s Keno. But speed-wise, mini-baccarat is worse. Then I realized there’s another consideration. Some games are just not found in a lot of casinos. Some of the worst bets in all of casino history are at Sic Bo—where the house edge can soar into the 40 percent range. Should I count these bets among the worst, even if you might never see a Sic Bo game in your life?Worst Bets In History Games
And what about video poker, where there are so many machines that the entire article could be about these games?
To keep things simple, in this article I will use the “house edge” as the primary criteria of judgment, but I will mention the speed of the games as well, to give you a more complete picture. And I will limit my list to games that are found in almost all casinos. There are even worse bets out there, but they’re games that haven’t made it to most casinos (thankfully).
As for video poker, I’m not mentioning it among the “best bets” although some video poker machines can be positive expectation games if played properly, and others have house edges of between one-half and one percent or so. I’m limiting this list to table games; finding and playing the right video poker machines is another story unto itself. And, finally, I’m not going to bother mentioning the various “side bets” you’ll occasionally see at the tables. These bets come in many different forms, but they’re almost always a bad idea. Avoid them.
With that said, here we go—the worst first.
The 10 Worst Bets
1. Keno
Yes, this is probably the worst bet you will find in most casinos. The average house edge hovers around 25 percent, which is better than state lotteries, but that’s not saying much. Still, the pace of the game is slow and if you only make one bet per game you won’t lose much money.
2. Any Seven (Craps)
This is a one-roll bet that the next number rolled will be a seven. The house edge is a monstrous 16.67 percent. If you make this bet on every roll, even if you only wager a measly dollar, you can lose about $20 per hour!
3. Progressive Slot Machines
Yes, those gigantic multi-million dollar jackpots sure are tempting, but progressive games are the very worst machines in the casino—no matter what the denomination is. The house edge ranges from 12 to 17 percent. This means you lose between $12 and $17 for every $100 you wager in the long run. Making the situation even more brutal is the fact that people tend to play these games very fast. How much can a $1 slot player lose on an inter-casino linked progressive? Upwards of almost $400 per hour. Yikes!
4. Tie Bet at Baccarat
This bet comes with a house edge of around 14 percent. With traditional baccarat, played in the high roller rooms, the game is relatively slow; at mini-baccarat, however, the speed of the game is very fast. This bet is bad in both games.
5. 2 and 12 (Craps)
Snake eyes (2) and boxcars (12) have house edges of 13.89 percent. These are one-roll bets for the unwary and unwise craps player.
6. Whirl or World (Craps)
This is a multiple number (2, 3, 7, 11, 12), one-roll bet that has a house edge of 13.33 percent. Steer clear of this one.
7. The Horn (Craps)
Another multiple number (2, 3, 11, 12) one-roll bet that comes in with a house edge of 12.5 percent. There is a saying, “See a horn, bet a horn.” The real saying should be, “You have to be an idiot to bet the horn.”
8. 3 and 11; Hard 4 and Hard 10; Any Craps (Craps)
Ironically, the 11 has an 11.11 percent house edge, as do the rest of these bets. These bets should hold no interest for you, since making them on each and every roll will cost you $11.11 per $100 wagered.
9. 5-Cent Slot Machines
The low denomination, non-progressive slot machines also have high house edges—around 10 to 12 percent—and most people play them fast, causing their losses to add up quickly.
10. Hard 6 and Hard 8 (Craps)
At this point we’ve left the double-digit house edges behind us, but these two bets are still pretty bad with a house edge of 9.09 percent. They are not active on every roll, which helps a little.
The 10 Best Bets
1. The Pass, Don’t Pass, Come, Don’t Come with Odds (Craps)
Some casinos in America are still offering craps games with 100X, 20X, 10X and 5X odds. Here, the house edge is a small fraction of a percent on these games if you utilize the odds bets. Without odds, the house edge on the above bets is about 1.4 percent—still very good. Also, not every roll impacts you, so that’s a good thing too. Most players will be on about 50 percent of the decisions betting this way.
2. Blackjack Basic Strategy
If the game you are playing is a traditional blackjack game with the house paying 3 to 2 for blackjacks, with the dealer standing on soft 17, and with the right to double on any first two cards, split and double after splits, the casino will have about a half percent house edge. That means you lose about 50 cents for every $100 wagered—a very good bet indeed. Blackjack is a moderately fast game, but with such a low house edge you still have a very good shot at winning some money on any given session.
3. The Bank Bet at Baccarat
The house edge at this bet is 1.06 percent. Remember that traditional, high-roller room baccarat, where the players deal the cards, is a slow game. Mini-baccarat is a fast game.Worst Bets In History
4. The Player Bet at Baccarat
The house edge on this bet is a mere 1.24 percent. See #3.
5. Blackjack Pays 6 to 5 for Natural (Basic Strategy)
This new game is three times worse than traditional blackjack, as it pays only $12 to $10 for a blackjack as opposed to $15 to $10. Usually these games also have the dealers hitting their soft 17s. The house edge on these games is around 1.5 percent, depending on the casino’s rules.
6. Place the 6 or 8 (Craps)
This bet must be made in multiples of $6. It pays $7 on a win since the house has a 6 to 5 edge on the bet. The house edge is 1.52 percent and the bet is active on 11 of 36 decisions, which means most of the time you will not have your money acted upon.
7. Spanish 21 (Basic Strategy)
In this variation of blackjack, the 10-spot cards are removed but there are all sorts of special awards for premium hands built into the rules. With the proper basic strategy, the house edge is around 1.8 percent, give or take, depending on rules of the casino.
8. Three Card Poker
There are two games in one here. The main game of ante and wager has about a 2 percent house edge. The secondary game, called Pair Plus, has about a 2.3 percent house edge. The game is relatively fast, so you might want to sit out some hands every so often.
9. Lay the 4 and 10 (Craps)
Here, you are betting that the 7 will appear before the 4 or 10. The house edge is 2.44 percent.
10. Black belt baccarat las vegas strip. Caribbean Stud and Pai Gow Poker
Two of the first “carnival” card games are still going strong in casinos. The house edge is about 2.5 percent if you play your hands properly. These are relatively slow games.Worst Bets In History In America
So there you have it—the worst bets and the best bets you’ll encounter during your next trip to the casino. Good luck, and play smart.
Frank Scoblete is the #1 best-selling gaming author in America. He is executive director of the Golden Touch advantage-play seminars in craps and blackjack. His websites are www.goldentouchcraps.com, www.goldentouchblackjack.com and www.scoblete.com in association with CasinoCityTimes.com. His recent books are The Golden Touch Dice Control Revolution! and The Golden Touch Blackjack Revolution! His new DVD is Golden Touch Dice Control DVD showing over 200 controlled dice throws – many in slow motion. For a free brochure or to order Frank’s products, call 1-800-944-0406.The Best and Worst Bets in the Casinos.
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