Know the Odds
In the casino, each game has different odds. This means that you
are more likely to win some games than others. 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. This will allow us to work out the 'expectancy' of
each game - i.e. the percentage chance of winning or losing.
Let's start with Baccarat, a game that superficially looks like
Blackjack. Over a long run, for every $100 you bet, you can
expect to recover only $98 in winnings. This means Baccarat has
a negative expectancy of 1.2%. Is this good or bad? Let's
compare to Blackjack itself (single deck only).
For every $100 you bet, on Black Jack you can expect a return of
between $94 and $101.50. 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 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%. Fortunately, NOBODY plays poker 'fairly', so the odds in
this case are less than useful.
If we move on to other games, the picture is similar. 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. In fact, the only gamble worse than Keno is the
Lottery, which tends to return only 50% of the money you gamble.
The lottery for this reaosn, is often called 'dumb tax', and
playing it without a system of some kind is downright silly.
Let it Ride comes inat -3.5% expectancy, so for every $100 you
wager, you only get $97 back long term. This actually compares
favorably with roulette, which has a negative expectancy of
5.3%. On the big wheel, $100 gambled brings back only $94.70
long term. 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
machines like the plague!
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. What does this mean
to the gambler? You should head over to www.supabets.com to find out!