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The Five Worst Casino Bets with Syndicated Gaming Writer John Grochowski

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The Jackpot Gents

The Jackpot Gents

Күн бұрын

Пікірлер: 94
@TheJackpotGents
@TheJackpotGents 12 жыл бұрын
Side bets should be avoided because they are almost always bad and have a higher house edge than regular blackjack. A basic strategy player should never buy insurance. However, if you count cards you can sometimes find high count situations where it is to your advantage to buy insurance.
@TheJackpotGents
@TheJackpotGents 11 жыл бұрын
We have a new video on three card poker that we just uploaded last week. You can see it at youtube(dot)com/americancasinoguide
@TheJackpotGents
@TheJackpotGents 11 жыл бұрын
The problem with a field bet is that there are 20 ways to roll the 4 losing numbers and only 16 ways to roll the 7 winning numbers and even after factoring in the double payoff for the 2 and 12 the casino ends with a 5.6% advantage. In some casinos they pay 3-to-1 on the 2 (or the 12) which cuts the casino edge in half to a more manageable 2.8%, but there are much better bets you can make, usch as a come/don't come bets, or place bets on the 6 or 8.
@bruceneedleman1179
@bruceneedleman1179 6 жыл бұрын
I think John is completely accurate in his presentation from a house "vig" standpoint. Slot machines and Keno differ from most table games in the fact that they offer a potential "jackpot" style payout that can't be won playing a low vig game like blackjack.
@patrckhh20
@patrckhh20 11 жыл бұрын
I know the bets in the center of the craps table are terrible bets, and I'm always so amazed that I always see so many people make them.
@TheJackpotGents
@TheJackpotGents 11 жыл бұрын
The YO is also a bad bet. The true odds of rolling an 11 are 17-to-1, but the casino will only pay you 15-to-1 which gives them an 11.1% advantage. Additionally, if the payoff is shown on the layout as 15-for-1 rather than 15-to-1 the casino edge will be even higher at 16.7% There are much better bets to make that much lower casino advantages.
@indignant99
@indignant99 8 жыл бұрын
I am just entertained and chuckling that *_craps_* is highly-ranked on both the [ Best of / Worst of ] lists of casino games. (In fairness, *_baccarat_* was on both lists, too.) The optional bets in both games, have sharp dividing lines between the _good_ and _bad_ bets. Craps definitely appeals to me as a math-junkie, but additionally, I am supremely entertained by the betting patterns of fellow players on the table. { Anecdote: On ten-player tables, usually only myself and _perhaps_ one other player, play a very disciplined low-house-edge betting strategy. Very fun watching goofus betting, and goofus shooting. On the other extreme, I've been on a three player table (including me) where all of us employed _only_ really low-house-edge bets. It was fun... We were all *_ahead_* of the house; not by huge amounts, but positive territory nevertheless. } My last gambling visit, on a ten-person table, my $100 stake (in fairness, I had a second $100 prepared for deployment, but was never needed) played for less than 90 minutes, and colored up for $250. Yet... I stayed in the casino another *_5 HOURS_* just watching the craps table, serving about 8 players. It was the best entertainment - and free - I have enjoyed in the last handful of years.
@arthuraydin8731
@arthuraydin8731 3 жыл бұрын
You probably dont care at all but does someone know of a tool to get back into an instagram account..? I stupidly forgot the password. I appreciate any assistance you can offer me
@TheJackpotGents
@TheJackpotGents 12 жыл бұрын
Casino War is not a good game to play. You can read more about it here - wizardofodds-dot-com/games/casino-war/ That site is run by Michael Shackleford who is also known as the Wizard of Odds. We have done some videos with him and he is very knowledgeable about casino odds and strategies.
@TheJackpotGents
@TheJackpotGents 12 жыл бұрын
I have done several videos with Michael Shackleford who is also known as the Wizard of Odds. He has written on his web site about many of those baccarat variations. You can see that information at wizardofodds(dot)com/games/baccarat/
@TheJackpotGents
@TheJackpotGents 12 жыл бұрын
In Caribbean Stud the casino's edge is about 5.2% based on the player's ante wager (or 2.6% based on the ante and call bet). You can read a story about how to play Caribbean Stud on our web site at americancasinoguide(dot)com/basics-of-gambling/caribbean-stud-poker.html
@jeff13148
@jeff13148 3 жыл бұрын
Always enjoy Johns insights. All are still true today!
@robertslydell6990
@robertslydell6990 4 жыл бұрын
If you win the max payout at a live Keno game, the check the casino makes out will say "Pay to the Order of Stupid."
@BigCheech-wy9os
@BigCheech-wy9os 6 жыл бұрын
3 card Poker Is The Best Game.
@robindeschambeau3994
@robindeschambeau3994 9 жыл бұрын
Does it make sense to hedge the point (8,4,6,10) on the the hard way numbers when you're laying on the Don't pass?
@dontswin
@dontswin 6 жыл бұрын
I would say no.
@TheJackpotGents
@TheJackpotGents 12 жыл бұрын
I think that was left out because very few casinos in the U.S. offer that game.
@slotsonline
@slotsonline 12 жыл бұрын
was wondering about that too. Thanks for the info!
@ciaoumah
@ciaoumah 12 жыл бұрын
Great work!!! Thanks for sharing!
@IoEstasCedonta
@IoEstasCedonta 12 жыл бұрын
I'm surprised sic bo wasn't mentioned. The big and small bets are already moderately steep edges - equal to the field bet with good rules (a bet I'm also surprised you don't specifically mention), higher than single-zero roulette - and the bet bet on the table after them has a 9.7% edge. Like the big six wheel, the limits are usually lower, too, so a lot of people play.
@riverdealer
@riverdealer 6 жыл бұрын
the best rule of thumb for ALL casino games (at least tables) ... if the payout odds are printed or displayed anywhere "it is a BAD bet"
@donnyvvally2352
@donnyvvally2352 9 жыл бұрын
traditionally you bet the tie hand in baccarate on the last hand its just for fun especially ir it hits lol but in my opinion yes baccarate is the best odds for your money in all casinos games and that is the facts my man
@tnceddiej
@tnceddiej 10 жыл бұрын
I don't agree with the hard ways being a bad bet because you can cover it by placing the regular number. If I place the 6 and 8 for $25 and bet the hard ways for $10 each its a great cover. I normally don't bet the hard ways until I win on a regular 6 or 8 so I'm just betting it with winning anyway.
@TheJackpotGents
@TheJackpotGents 10 жыл бұрын
Eddie J Betting the hard ways is bad because the casino's mathematical advantages are very high. Making a second bet does nothing to lower the casino's mathematical advantage on the hard way bets. They are still bad bets.
@russellwarren2311
@russellwarren2311 9 жыл бұрын
americancasinoguide You are leveraging more money that loses on a 7 with payouts less than true odds. That's why hedge systems don't work.
@screwthenet
@screwthenet 11 жыл бұрын
Video slots never let me down, and I agree for most of the games the gay warns people about. All about roulette , video slots with many reels at reasonable coin values and cards ( if your good at em. Great video man!
@jb0177
@jb0177 12 жыл бұрын
I thought Caribbean Stud would be on this list for sure.
@BoleDaPole
@BoleDaPole 3 жыл бұрын
Why
@tigerjonn
@tigerjonn 7 жыл бұрын
I love craps... I usually put couple bucks on the hard ways, and press it if I hit it. I know statistically it is a bad bet, but this one guy kept hitting Hard 8 and Hard 10, I kept pressing it up 5 bucks higher every time he hit it, at one point the Hard 10 was at $35, and the Hard 8 was at $25... not to mention he hit his point 4 times.... made like 5 grand that night...
@TheJackpotGents
@TheJackpotGents 7 жыл бұрын
That's sort of the point of all those bets in the middle, they are fun but they have high house edges. That is what gets people to play them.
@NightMoon04
@NightMoon04 12 жыл бұрын
Very informative. What's your take on side bets of BJ, not including Insurance. I know Insurance has a high house advantage and should not be played. I ask more for the side bets of, Perfect Pairs, Lucky Ladies, Straight Jack and Match the Dealer. I hear many players I sit with that play these bets tell me that they win more playing those bets than their actual BJ bet.
@jb0177
@jb0177 12 жыл бұрын
What about no commission baccarat? How much of an edge does a casino gain by pushing a banker's winning hand of 7? How about the dragon 7 bet on said table?
@chumbersdee
@chumbersdee 10 жыл бұрын
The 3 card bonus on Let it Ride is ridiculous. House edge is like 50% to 80%. Biggest sucker bet I've ever come across.
@samscheiten2258
@samscheiten2258 9 жыл бұрын
you could not be more wrong, the three card bonus bet varies by payable, from 7.1% to 2.14% wizardofodds.com/games/let-it-ride/
@chumbersdee
@chumbersdee 9 жыл бұрын
***** Are you aware of the numbers? Take for instance..the odds of getting any 3 cards the same in your hand is roughly 180 to 1...yet the payout is 30 to 1. How in the world is that good odds??
@I_like_turtles_67
@I_like_turtles_67 7 жыл бұрын
Chumbersdee I hit a 3 card straight flush, 3 jacks and a 5 card straight in an hour. Betting a max of 10.00 per bonus. cleaned house and walked out happy LOL.
@chumbersdee
@chumbersdee 6 жыл бұрын
24 hours a day, 365 days a year...it plays an endless series of wargames
@ElitePokerPlayer
@ElitePokerPlayer 11 жыл бұрын
On the craps table I always bet the Feild and I don't bet it every bet I just look for the shooter to roll a feild roll twice in a roll and then I bet the Feild. I also bet the YO bet on most of the opening roll just as an added fun bet. I don't bet much maybe 10-15 dollars per Feild bet and not more than 1 dollar YO bet, so I just wanted to know your take on the Feild bets and the YO bets. Thanks
@jessabenaki9343
@jessabenaki9343 6 жыл бұрын
The field can be a fun 'side bet'. It's not a bad bet at all assuming that you are at least payed triple for boxcars or snake eyes. If you can find one that has 3-1 payoff on both 2 & 12 then that's the best bet at the table! Of course those are exceptionally rare I think Iv'e only seen a couple of those in the states.
@riverdealer
@riverdealer 6 жыл бұрын
as long as the field 12 pays triple it is a 'fair to good' bet
@dontswin
@dontswin 6 жыл бұрын
As far as I know this triple on the 12 has never happened in the East coast of the USA and probably never will. That would dramatically increase the players chance of winning.
@TheJackpotGents
@TheJackpotGents 6 жыл бұрын
Many casinos in Tunica, Mississippi pay triple on 12 in the field.
@TheJackpotGents
@TheJackpotGents 11 жыл бұрын
Progressive betting does nothing to lessen the casino advantage.
@dontswin
@dontswin 6 жыл бұрын
What is the house edge when the player 'hops' the 7's for a buck on the 3-4, 5-3, 6-1 ? Each one of those pays 15 to 1
@dontswin
@dontswin 6 жыл бұрын
5-2* , lol.
@dgdarien
@dgdarien 11 жыл бұрын
I've heard Let it Ride and Three Card Poker are also bad odds games to play, any thoughts?
@lovemuffin1963
@lovemuffin1963 10 жыл бұрын
They have electronic versions of #1 I won tons of money on it.
@lawrylong7384
@lawrylong7384 6 жыл бұрын
your statement that the payouts on video keno , can you explain further?
@carpetlick5243
@carpetlick5243 6 жыл бұрын
Wait, how does that Wheel one work? Casino I goto doesn't have it
@Federico84
@Federico84 11 жыл бұрын
in Italy the payback of slot machines is 75 % but on 140'000 spins and not some millions :)
@chumbersdee
@chumbersdee 7 жыл бұрын
The best bet is to throw all your money off a building and hope that the wind will blow all the bills backs up to the top of the building
@fringestream990
@fringestream990 5 жыл бұрын
Chumbersdee no, the best bet is to get a 30 year mortgage, car loan, school loan, and credit cards to be a slave to the banks.
@donnyvvally2352
@donnyvvally2352 9 жыл бұрын
craps if the dice are rolling good and you know how to bet yes you can put a dent in the crap table the other advantage is that you can bet against the dice betting on the don't side and that my man are tha facts
@TheJackpotGents
@TheJackpotGents 9 жыл бұрын
donny v vally Sorry, but you can't use past results on the craps table to predict future outcomes. Each roll is independent of what happened in the past.
@brad5301
@brad5301 12 жыл бұрын
i would like to ask a question about casino war the table game is this a good bet
@PapaOso865
@PapaOso865 8 жыл бұрын
Ironically the big wheel is the only game ive ever won good money on.
@AceofDlamonds
@AceofDlamonds 8 жыл бұрын
lol
@NegativeX83
@NegativeX83 6 жыл бұрын
This wheel is easy to win on just takes a lot of patience. If you ever lose double your next bet. Keep doubling until the number hits and go back to your original bet. Always bet on $1
@newyyykkll
@newyyykkll 5 жыл бұрын
i won 400 one time
@GaryLuKOTH
@GaryLuKOTH 5 жыл бұрын
Steven Huang I hope you enjoyed losing ;)
@BoxingNow
@BoxingNow 11 жыл бұрын
on big 6, what if you progressive bet the $1??
@riverdealer
@riverdealer 6 жыл бұрын
that type of betting system is no matter how high you get your bet, you will only win $1.00 when your number hits. for example if you bet $1 and lose then you next bet $2 and lose you are now down $3...then if you double and bet $4 and lose you are now down $7...then you bet $8 and lose, you are now down $15...now you double again and bet $16 and win, you win $16 but you are already down $15 so you win $1.00. now how the casino will always win is the 'Table Max'. lets say the max bet is $100 and you just lost $1, $2, $4, $8, $16, $32, and $64, the next bet in line would be $128 but that is over the table max and basically you are screwed ... and losing 7 bets in a row is very common at a casino
@ThePeterDislikeShow
@ThePeterDislikeShow 10 жыл бұрын
You forgot about the insurance bet in blackjack
@TheJackpotGents
@TheJackpotGents 10 жыл бұрын
Insurance is a bad bet for the basic strategy player and should never be taken. If you are counting cards, however, there are certain situations (when the deck is rich in 10's) when it is to your advantage to take insurance.
@rbrtcn06IBO
@rbrtcn06IBO 11 жыл бұрын
Okay video. Those are good thoughts if you play straight up. But if you play progressively, your odds go up. He didn't mention that at all. Which is good, I guess it'll save people from getting carried away.
@javierbustamante7737
@javierbustamante7737 3 жыл бұрын
All casino games are a rip off but gamblers like to be deceived.
@mikesan247
@mikesan247 4 жыл бұрын
Passline is THE WORST bet in craps!!!!
@person19863456
@person19863456 3 жыл бұрын
Darn I like the wheel of fortune lol
@AlonsoRules
@AlonsoRules 5 жыл бұрын
insurance on blackjack is the worst bet
@GaryLuKOTH
@GaryLuKOTH 4 жыл бұрын
Not really because the most often you would take it is about 1 in 13 rounds and there are other bets that have a house edge that is larger than 7%. Plus, you can put the insurance bet in your favor if you count cards.
@TheJackpotGents
@TheJackpotGents 4 жыл бұрын
There is a saying in the casinos: "only 2 people take insurance, idiots and card counters."
@AlonsoRules
@AlonsoRules 4 жыл бұрын
does the insurance bet work in single deck blackjack as a card counter
@ThePeterDislikeShow
@ThePeterDislikeShow 10 жыл бұрын
I can write a shorter casino book with better advice. it would consist of just two words: Don't go.
@TheJackpotGents
@TheJackpotGents 10 жыл бұрын
People go to casinos to have fun. They know that the casino has the advantage, but they hope to get lucky and win, and many do! You can have fun in a casino without it costing you a lot of money. Just don't get carried away and bet more than you can afford to lose for your afternoon/evening of fun. The games are all based on math and some bets are much better to make than others. That's why it is smart to learn as much as you can about the games before playing!
@ThePeterDislikeShow
@ThePeterDislikeShow 10 жыл бұрын
americancasinoguide Yea but I can have fun for free sitting at home writing computer games. I might even make money off it someday :)
@Neoquaker1
@Neoquaker1 10 жыл бұрын
americancasinoguide Well said. Every form of entertainment costs money. Whether it's going to a movie theater, eating at a nice restaurant, or playing at a casino. In the long run, the casino takes a certain percentage of your bets, but that's the price of the entertainment.
@BazoGuy
@BazoGuy 10 жыл бұрын
FortNikitaBullion Ok, don't go.
@zakir1985ful
@zakir1985ful 7 жыл бұрын
why they look like sick ?
@philpaule472
@philpaule472 3 жыл бұрын
Here is how to be a smarter gambler---don't gamble
@suraiyamansoor9740
@suraiyamansoor9740 2 жыл бұрын
Roulette is definitely rigged
@alphaprime3821
@alphaprime3821 9 жыл бұрын
if you play the big six right and smart it has very good odds .
@indignant99
@indignant99 8 жыл бұрын
+Alpha Prime *HOW EXACTLY* do "you play the big six right and smart?"
@alphaprime3821
@alphaprime3821 8 жыл бұрын
+indignant99 bet on the 1 and 2. odds are its going to land on 1 or 2 more then the 5 ,10, 20 or 40 .
@indignant99
@indignant99 8 жыл бұрын
+Alpha Prime *THAN*, not "then." Moving on, let's assume two $1 bets for simplicity. When the "ONE" hits (24/54), you break even (44.44% of the spins). When the "TWO" hits (15/54), you win one dollar (27.78% of the spins). When neither hits (15/54), you lose two dollars (27.78% of the spins). For all intents and purposes, the "ONE" hitting is a so-called *_push_*. The "ONE," outcome neither Helps/Hurts either Player/House. If you had bet the "ONE" only - *_the "ONE" only_* - 24-of-54 spins would win $1, while 30-of-54 spins would lose $1. The "Expected Value" (EV) of that is EV = (30/54 * -1) + (24/54 * 1) = -6/54 = -11.11% When you add your second dollar on the "TWO" you have... - Doubled your wager to $2 - Converted 15 of your 30 $1-losers, into $1 winners. - Converted 15 of your 30 $1-losers, into $2 losers. - Converted 24 of your 24 $1-winners, into pushes. - Now, the EV = (15/54 * -2) + (15/54 * 1) + (24/54 * 0) = -15/54 = -27.78% If you had bet the "TWO" only - *_the "TWO" only_* - 15-of-54 spins would win $2, while 39-of-54 spins would lose $1. The "Expected Value" (EV) of that is EV = (39/54 * -1) + (15/54 * 2) = -9/54 = -16.67% When you add your second dollar on the "ONE" you have... - Doubled your wager to $2 - Converted 24 of your 39 $1-losers, into pushes. - Converted 15 of your 39 $1-losers, into $2 losses rather than $1 losses. - Converted 15 of your 15 $2-winners, into $1 winners. - Now, the EV = (15/54 * -2) + (15/54 * 1) + (24/54 * 0) = -15/54 = -27.78% You can look at it 2 ways... - You worsened strict "ONE" bets, from -11.11% to -27.78%, or - You worsened strict "TWO" bets, from -16.67% to -27.78% Since you're no math wizard, when EV = -27.78%. The player's disadvantage is -27.78%. The house advantage is +27.78%. Simplifying for you: (Player's Chance) 36.11% versus 63.89% (House's Chance). Truly terrible. Dare I say *_god-awful_*.
@riverdealer
@riverdealer 6 жыл бұрын
$1 at a time because it is a very slow game with few decisions per hour
@nadergolikhanafshar95
@nadergolikhanafshar95 6 жыл бұрын
every boody lose
@TheJackpotGents
@TheJackpotGents 6 жыл бұрын
Not every boody lose. Some boody win!
@ZiggyDoom
@ZiggyDoom 6 жыл бұрын
Your spelling teacher lost.
@Ryan-wx6gy
@Ryan-wx6gy 6 жыл бұрын
Turned a $20 into $80on the big six last night. And a $20 into $45 the other night also on the big six. Do some math and stack the odds of winning
@TheJackpotGents
@TheJackpotGents 6 жыл бұрын
Making a big six bet is one of the worst bets you can make in a casino. That doesn't mean that you can't win on it. You can get lucky and win on any casino game, no matter how bad the odds are against you. However, the longer you play the game, the more likely you will lose an amount equal to the house edge against you for the sum of your bets.
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