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:
Sports Betting and House Edge Read More »
The legalization of sports betting no doubt will bring throngs of new players who need to know the ropes before they bet.
Old hands who have wagered in Nevada or online already know the basics, but for those finding a new betting experience in Mississippi, here are a few of the basic ways to bet.
Sports Betting 101 Read More »
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.
Stories from the Casino Floor: Soft Hands in Blackjack Read More »
Players who try to sort good bets from the bad sometimes find difficulty with new games that involve more than one round of betting.
Those games have two figure that could fairly be categorized as house edges. A reader recently pointed out that wizardofodds.com lists a house edge of 4.91 percent for Mississippi Stud Poker, but also an element of risk of 1.37 percent.
Mississippi Stud House Edge and Risk Odds Explained Read More »
Most blackjack players understand it’s best to hit soft 17 rather than stand. But many won’t go the next step and double down . . .
Stand vs Hit vs Double Down on Soft 17 in Blackjack Read More »
Video poker decisions frequently come down to choosing between two viable options. Players who want to get the most out of the games learn early that a low pair is more valuable than a single high card, to use one commonly occurring example. Recently, a reader wrote to ask about the situation with partial flushes.
Video Poker Strategy: Partial Flushes Read More »
