Know the Odds when you Bet

Knowing the odds, therefore, is very important if you want to maximize your chances of winning. We assume for the purposes of this article that each game is fair, and that you employ no ‘card counting’ strategies. Over a long run, for every $100 you bet, you can expect to recover only $98 in winnings. the percentage chance of winning or losing.

Let’s start with Baccarat, a game that superficially looks like Blackjack. This gives an expectancy of between -6% and +1.5% so as you can see, it is definitely possible to make a positive return on Black Jack. This means Baccarat has a negative expectancy of 1.2%. This will allow us to work out the ‘expectancy’ of each game – i.e. www.supabets.com article – you may reproduce this article in its entirity on your own website or email newsletter.

This article was posted on December 29, 2004

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. On the big wheel, $100 gambled brings back only $94.70 long term. What does this mean to the gambler? You should head over to http://www.supabets.com to find out!

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Let it Ride comes inat -3.5% expectancy, so for every $100 you wager, you only get $97 back long term. In fact, the only gamble worse than Keno is the Lottery, which tends to return only 50% of the money you gamble. Slot machines are close to this, coming in at best case -2.7% expectancy, but be warned! Some slots will only return $80 for every $100 you put in the slot – avoid these machine slike the plague!

Karla Dalton writes for www.supabets.com, the premier website for bet related articles tips and tricks. This is particularly interesting when you compare it to Caribbean Stud Poker, where for every $100 bet, you can only realistically expect to get between $95 and $97.40 back – a negative expectancy of between -5.2% and -2.6%. This actually compares favorably with roulette, which has a negative expectancy of 5.3%.

For every $100 you bet, on Black Jack you can expect a return of between $94 and $101.50. On Craps, $100 bet over the long term will win you between $87 and $99.40 bucks – pretty good compared to some games! Keno tends to be a VERY bad bet, losing on average $27 out of every $100 bet, a negative return of -27% and the reason why only complete newbies play it. This means that you are more likely to win some games than others. Is this good or bad? Let’s compare to Blackjack itself (single deck only). Fortunately, NOBODY plays poker ‘fairly’, so the odds in this case are less than useful.

Perhaps the most surprising result is for online video poker, where the expectancy can get as high as +1% – for every $100 bet, between $93.70 and $101 can come back. The lottery for this reaosn, is often called ‘dumb tax’, and playing it without a system of some kind is downright silly.

Know the Odds when you Bet

by: Karla Dalton

In the casino, each game has different odds. About The Author

If we move on to other games, the picture is similar

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