bets

Sports Betting on Baseball

When sports bettors turn to baseball, point spreads, or a “run line,” are available just as they are in football or basketball. If the Reds are playing the Cardinals in St. Louis, with the Reds listed at +1.5, then Cardinals bettors need them to win by two runs or more, while Reds bettors win if Cincinnati wins the game or loses by only one run.

More commonly, though, baseball bettors focus on the money line. The run line isn’t as popular as point spreads in football and basketball.

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Sports Betting and House Edge

In a previous entry discussing the point spread, over/under and money line wagers at sports books, I mentioned that the house typically charges an extra 10 percent on point-spread and over/under bets. To win $10, you must bet $11.

Bettors are sometimes misled into thinking that gives the house a 10 percent edge, which would be very high casino standards.

Actually, the house edge is 4.55 percent. Here’s how it works:

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Stories from the Casino Floor: Soft Hands in Blackjack

About a month ago, I told of being at a table with a blackjack player who insisted on standing on all 16s, including the soft ones, no matter what the dealer had.

In a common six-deck game in which the dealer hits soft 17, basic strategy for soft 16 is to double down if the dealer’s up card is 4, 5 or 6, and to hit if the dealer has anything else. Never stand on soft 16.

My experience drew responses from others who have encountered players who have trouble with soft hands. Let’s share a couple of their tales.

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