| |
| |
|
Casino & Gambling Information |
|
|
|
The Secret of Protecting Your Pass Line Bet
Pssst...! Wanna know a secret? How about the secret of protecting your pass line bet? Many dealers will encourage you to make additional hedge bets on craps numbers (2, 3 and 12) to protect your pass line bet. You'll always hear "any craps" bets called whenever a new shooter is coming out. Wanna know the secrets that craps pros use to protect their pass line bets? Let's find out! Any craps is the most common hedge bet and pays seven to one. This means that if you have a ten dollar pass line bet and a $1 any craps bet, you'll win $9 ($10 - $1) if the 7 (or 11) rolls, and lose only $3 ($10 passline - $7 any craps) instead of $10 if the 2, 3, or 12 rolls. It sounds OK, but let's look at the numbers. At the end of 36 rolls, you've invested $36 (36 x $1) in these hedge bets. The 2, 3 or 12 will theoretically roll four times (once each for the 2 and 12, and twice for the 3) in 36 rolls. So if you win these craps bets four times, you've won $28 (4 x $7), and spent $36 (36 x $1) giving you a $8 ($36-$28) loss. You can also bet $2 ($1 each) Craps and Eleven (C&E). Craps (2, 3, or 12) pays 7 to 1, while the eleven pays 15 to 1. If the eleven rolls you win $24 ($10 passline + $15 eleven - $1 any craps). The seven will win you $8 ($10 passline - $2 C&E). If the 2, 3 or 12 should roll, you'll lose $4 (+$7 craps - $1 eleven - $10 passline) instead of $10. This time, though, in 36 decisions, you've invested $72 (2 x $36) in hedge bets. The 2 and 12 will have each rolled once, and the three and eleven twice. You would make $7 on the 2 ($1 x 7), $14 on the 3 ($2 x 7), $7 on the 12 ($1 x 7), and $30 on the eleven ($2 x 15). This totals $58 ($7 + $14 + $7 + $30), but you've already invested $72 so you have a $14 ($72-$58) loss! Another winner for the house! Finally, you can make a 3-way craps bet (on the 2, 3, and 12) for $3. This is different from the any craps bet because the odds are higher - 30 to 1 for the 2 and 12, and 15 to 1 for the three. So if the 2 or 12 roll you win $18 ($30 - $10 - $2) instead of losing $10, and if the three rolls, you win $3 ($15 - $10 - $2) instead of losing $10. This bet also means that you will win on the 7 and 11 (from your pass line bet) and on the 2, 3, and 12 (from the 3-way craps bet). In 36 rolls, however, this time you've invested $108 ($3 x 36). The 2 and 12 will roll once, and the 3 twice. At 30 to 1, the 2 and 12 pay $30 each, for a total of $60. At 15 to 1, the 3 pays $30 ($2 x 15). You made $90 ($30 + $60) but spent $108 for a loss of $18! Unfortunately, as you can see, you can not profitably protect a $10 pass line bet by hedging it with craps bets. Some craps writers have maintained that a craps hedge bet is only profitable with a passline bet of $25 or more, with a $4 any craps bet. Let's look at the math. If you bet $4 any craps you'll win $112, which comes from $4 (bet) x 4 (number of times 2, 3, or 12 rolls) x 7 (payoff). You'll lose $144 ($4 x 36) resulting in a $32 loss. So, it's still not a good bet. In fact it's worse than a $10 passline bet with a $1 any craps bet! Now let's look at the same $25 passline bet with a C & E hedge for $4. If the eleven rolls, you'll win $83 ($25 passline + $60 eleven - $2 any). The seven will win you $21 ($25 passline - $4 C&E). If the 2 or 3 roll you win $1 ($28 - $25 - $2). In 36 rolls you've invested $144 ($4 x 36) . The 2 and twelve will each have rolled once, and the three and eleven twice each. You would make $14 on the 2 ($2 x 7), $28 on the 3 ($2 x 14), $14 on the 12 ($2 x 7) and $60 on the eleven ($2 x 30). This totals $116. So you've lost $28 ($144 - $116). Finally, lets look at a $6 3-way craps bet with a $25 passline bet. If the two or twelve roll you win $31 ($60 - $25 - $4). If the three rolls you win $1 ($30 - $25 - $4). In 36 rolls on this bet you've invested $216 ($6 x 36). At 30 to 1, the 2 and 12 pay $60 each (30 x $2) for a total of $120 ($60 + $60). At 15:1 the 3 pays $60 ($2 x 15 x 2). You made $180 ($120 + $60) but spent $216 giving you a $36 loss! Craps is a math game, and, as you can see, there is no way you can protect a pass line bet with craps hedge bets - whether your unit is $5, $10, or $25. So - the secret of protecting your pass line bet is to save all the money you would normally use for hedge bets and use that money to make more "free odds" bets! Pssst...! Now you know the secrets of protecting your pass line bets! (c) 2005 by Larry Edell You can get a FREE issue of The Crapshooter, the only newsletter devoted exclusively to craps! Just send two first class stamps to The Crapshooter, Dept EZA, PO Box 421440, San Diego CA 92142, or you can subscribe at http://www.TheCrapshooter.com. You'll also receive a FREE catalog and a special FREE offer!
MORE RESOURCES:
Casino-Gambling - Google News |
|
|
|
RELATED ARTICLES
Your Lottery Odds and The Fastest, No Cost Way To Radically Improve Them If I had a lottery ticket for every time I've heard "well I play the Mega Millions lottery because the jackpot is so much bigger".. The Day I Decided To Stop Gambling With Gamblers Anonymous Everything was going perfect for me in life. Good job, good home, good life and good friends. The History of Roulette The term "Roulette" is derived from a French word meaning small wheel. The origin of Roulette is not very clear. Do You Know the Best and Worst Roulette Bets? Do You Know the Best and Worst Roulette Bets?The outcome of every spin of the roulette wheel is independent of any other and is not influenced by prior spins.Even if you have ten black numbers after ten spins, the chance of getting red in the next spin is the same as to get black. How to Master Low Limit Texas Holdem, Part 2 - The Online Poker Game I continue my articles about learning to master online poker at low limit stakes. In the last article I wrote about the chance of winning in a casino. Money Management, Why You Need to Manage Your Bankroll You should only play games that your bankroll will allow. If you have 200 dollars to play with for a month you don't want to lose it all in the first week playing a 5-10 no-limit game. Texas Holdem Poker Tournament Strategy - Starting Hands Welcome to the fifth in my Texas Holdem Poker Strategy Series, focusing on no limit Texas Holdem poker tournament play and associated strategies. In this article, we'll examine starting hand decisions. Depositing Funds to Your Online Casino & Poker Room Account - The Best Options Ways To DepositWhen I first wanted to start playing in online casinos and poker rooms, I thought it would be as easy as 123 to start playing - surely all you need to do is to download the software enter your credit card details and away you go?Well yes kind of, but you may already have seen there are a multitude of different payment and deposit methods available ranging from credit and debit cards right the way through to the good old snail mail check!There are a range of options but it is vitally important that you choose the right one otherwise your casino and poker play may not be as rewarding as you first think.Credit CardsHistorically credit cards have always been the first thing people think of when looking to deposit money - and why not - these days most of the major banks offer internet fraud protection and depositing via credit card is pretty instantaneous - so what is the problem - well there could be a few. The Secrets of the Fives and Nines Pssst.. Poker Popularity for Beginners The game of poker is cherished since a long time. It has caught a lot of publicity and fanfare in past few decades. A Beginners Strategy Guide to Online Micro Limit Hold Em It's hard to miss the fact that the last two winners of the World Series of Poker were not professional poker players and the fact that Chris Moneymaker (2003) and Greg Raymer (2004) are online players. It's no wonder that online poker is exploding. A Beginners Guide to Poker Chips Poker is one game that has influenced almost whole of the United States of America. The influence of this table game can be seen in any nook and corner of the country and the world as well. How to Manage Your Won Money at Gambling and Sports Betting from Busting It Up at Online Sportsbook Have you heard stories about people hitting big jackpots, winning high staked all-in Texas Hold'Em poker or going on hot streaks in sports betting ???Of course you have.And what happened with most of these (short time to get large amount of money) people ???Simple answer -- they got a complex of being unbeatable and lost all the money they got in these short time and even went busting their entire bankroll in trying to get back on hot streak. College Football Betting - Trends and Rivalry Games In college they have trends and in the pros they have trends. There is one difference between the two though: NCAA teams stay truer to trends than the pros. The Secrets of Basic Craps Tournaments Pssst.. Online Gambling Online gambling is hot. In fact there are websites popping up everywhere with new gambling options. Senior Citizen's Have Lost Their Life Savings Due to Their Inability To Stop Gambling A senior citizen who worked for the past forty years lost everything she had saved in under twelve months. Seniors are the heart of our society and something needs to be done to stop the many predators. An Easy Way to Become a Good Blackjack Player Learning to play the game of casino Blackjack reasonably well is not rocket science, regardless of what the dozens of books on the subject would have you believe.Playing professionally at the expert level, as is true of any game, is indeed complex and takes years to perfect. The Secret of Making Money Before the Come Out Pssst.. Expected Value in Texas Holdem Poker A successful Texas hold em player is one who maximizes his return or minimizes his loss with each decision he makes. Expected value (EV) is essentially the amount one would expect to win or lose if this decision were to be repeated millions of times.
|
| home | site map |
| © 2006 |
