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Gambling 101
Best and Worst bets, Strategy
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What you Play DOES Matter
Gambling 101
Game
Selection and Strategy
What do you enjoy playing? Slots, Keno, Blackjack,
Craps, Video Poker? I'm going to tell you about
the best plays in the
casino. I'll be very brief, but I'll provide links so you can do more reading and research if
you'd like.
In most casinos (not all) there are some good plays, games
where the casino has a 1.5% edge or less (98.5% payback or better). These include
(in alphabetical order) Baccarat,
Blackjack, Craps, Pai Gow Poker, Roulette (European Rules), Spanish 21,
Super Fun 21, and Video Poker. Occasionally, you'll also find
other good games, but these are the most common. Slots can
"occasionally" be counted in this group.
Basic Rule #1: Know what you're playing!
The player return on these games of 98.5% or better assumes two
things:
-
You play the correct version of the game, and...
-
You play correct basic strategy.
This can't be over emphasized. One of the worst plays
in a casino is to play a game that you don't understand. For example,
Blackjack can easily return 99.5% or better, but if you fail to play correct
basic strategy you can reduce that to 96% or worse. Craps can be
played at under 1% casino advantage, but it also has bets with a double
digit house edge! Yep, 11% or even worse.
Basic Rule #2:
No matter what game you choose to
play, be sure you always use your
players club card so
you will earn comps! However, note that some casinos won't comp you
for playing very low limit table games.
Basic Rule #3:
Sit a budget and
stick to it. Read my section on Money Management for more details.
I've included a session bankroll guide
below. For each game it indicates a minimum recommended buy-in to
enjoy the game with a low risk of going broke quickly. If this is too
much for your bankroll you should pick another game. You'll rarely
have any fun sitting down at a $10 BJ table with $30 in your hand
Baccarat
Most large Baccarat tables are high stakes, the minimum bet
is often $100. "Mini-Bac" sometimes is offered with minimum stakes in
the $25 range. The house advantage is under 1.5%, and the best bet
(Banker) gives you a 98.94% payback.
I don't personally play Baccarat because I find it
boring. However, if you have a couple thousand dollars to play with,
and you want to experience one of the "high class" games at a casino, then
you might give it a try. The dealer does everything for you, and you
can't make a mistake as long as you remember to bet on the Banker.
Just let the dealer know it's your first time playing and they'll help you
out.
Recommended Buyin: Ten to fifteen times
the table minimum, or your initial bet if higher.
Click this link for
More info on
Baccarat
Blackjack
It's the most popular table game in the casino, and one of
the best bets for the player. House edge varies but is typically 0.37%
to 0.9%. Blackjack is a fun game! Some skill
is required to learn basic strategy, but it's not really that tough,
and you can carry a cheat sheet to the table - no kidding! It's also a
very social game, where you can have a good time. If you find yourself
at a "serious" table with grouchy people MOVE. This is supposed to be
fun!
You don't need to be a high-roller to play Blackjack.
You can usually find a table with $5 minimum bet, and some as low as $1.
However, on Friday or Saturday, at any major property on the Las Vegas
Strip, you'll be challenged to find an open seat at a table that's $10 or
less.
There are many variations of blackjack "rules". For
example, how many decks are used, does the dealer stand or hit "soft 17"
(Ace-6), can you split any pair, can you double on any two cards, etc.?
These rule variations can favor the player, or the house, so you need to
learn which are best for you so you can pick a table that will give you a
high return. One thing to avoid like the plague is any table that pays
6 to 5 on a Blackjack. The standard payoff is 3 to 2, and a 6 to 5
game is a rip-off by comparison. However, if you find yourself in a
small casino with nothing but 6 to 5 Blackjack and slots, you're still
better off playing Blackjack. The link below will give you more details.
Recommended Buyin: 15 times the
table minimum wager or your initial bet if higher. So, buy in for $75 on a $5 table, $375 on a $25 table, etc.
More Info on
Blackjack This link takes you to the Wizard of Odds web site.
One of the best for learning about Blackjack.
Craps
If you walk into a casino and hear a bunch of people shouting
and cheering it's a good bet it's coming from the Crap table. Craps is
an exciting game; however, it's also somewhat complicated and that often
keeps people from playing. The crap table contains some of the
best and worst bets in the casino, so you do need to have some basic
knowledge before you walk up. Finally, there is a unique etiquette at
the crap table, much of which is based on the numerous superstitions of
crap players.
In my personal opinion, craps is fun, and it's worth
taking the time to learn. It also offers you a basic bet with a
house advantage of only 1.41%, and you can often improve this to under 1/2
of one percent, a better than 99.5% payback.
Concerning superstitions at the crap table, some
players take these very seriously, so it's wise to be aware of them.
Here are a few that will keep you from making enemies:
-
NEVER say the number "Seven" at a crap table after the point is
established (large white button is placed on a point number). The
superstition is that saying the number will cause it to appear on the
dice, and when it does just about everyone will lose!
-
Keep your hands up, out of the way, after the dice are out (passed to the
thrower by the stick man). The superstition; if the dice hit your hands
they will land on Seven.
-
Don't touch, or talk to, the shooter (person throwing the dice),
especially if they're on a good roll, and especially after they pick up
the dice. It's bad luck to do so.
-
If you're a man, and have never played Craps before, don't tell the table
this. A "virgin" male player is considered bad luck, especially when
you're throwing the dice. On the other hand, if you're a female
"virgin" that's good luck, and it's OK to announce it when you start to
play. I've even seen a high roller place a $25 bet for the rookie
female on her first roll.
More info on Craps This link takes you to the Wizard of Odds
web site. You may have recognized a trend here.
In
my opinion, this is one of the best sites on the web for good, reliable
gambling information without any scams or useless "systems" for sale.
More
info on Craps About.com also has some good information, but
I'll warn you that there's a lot of advertising. Don't be suckered in
to paying anyone for a "winning craps system". It doesn't exist.
Recommended Buyin: Ten times your
initial bets. On a $5 table, if you play the pass line and 2x odds
that's $15 so you should buy in for $150. If you intend to place
multiple bets, buy in for ten times the total of your initial bets.
For example, if you plan to bet $5 pass line with 2x odds, and two come bets
with 2x odds, that's $45, so you should buy in for $450.
Pai Gow Poker
If you're looking for a game that's a little
more relaxed and easy-going than Blackjack or Craps then Pai Gow Poker may
be your choice. It's a variation on the Chinese tile game of Pai Gow,
and is played with a 53 card deck (one joker). The overall house
advantage if you play correct basic strategy is 1.46%, and sometimes better

I don't play Pai Gow Poker myself, so I won't
try to give you any advice other than this: learn basic strategy! (Do
I sound like a broken record).
Here's a link to more
information on Pai Gow Poker.
Roulette
Roulette is an old, classic casino game.
It's simple, sometimes interesting, sometimes boring (to be honest) and
often gives you a really nice payout when you win. It's a social game,
and you have time to talk with the other players, enjoy your cocktail, flirt
with the pretty girls (handsome boys), etc.
You'll also enjoy a house edge of only 1.35% if
you search and find a single zero wheel with European Rules.
Otherwise, you're giving up 2.7% on an American single zero wheel, or a
whopping 5.26% on a double zero wheel. The only problem is, most of
these European wheels are in high-roller areas on the strip where the
lowest table minimum you'll find is likely to be $25 or more. However,
if your bankroll allows you to budget for a $250 session, it may be fun to
waltz into the highroller area of Mirage and plop down at the roulette
table. Or take $1000 to the Bellagio as the minimum bet is $100 there.
Here's the low-roller play I like. At a $5
table, buy in for $200 (and of course, give the dealer my card so I'll be
rated). Place 5 numbers for $2 each. Tip the dealer $1 any
time a number hits. When I have $300 I cut back to $1 each number.
When I hit $400 or $100 I quit.
PLEASE, PLEASE, whatever you do. DON'T pay
anyone for a Roulette "system". None of them are
winners, you can't beat this game. The link I provide below will help
you understand the game and learn basic .
Recommended Buyin: Ten times your total
bets for one spin.
Here's a link to more information on Roulette.
Spanish 21
If you enjoy blackjack, but are getting bored
with it, I highly recommend trying Spanish 21. Even if you've never
played a table game this might be fun, especially since you can carry your
basic strategy "cheat sheet" to the table with you (in most casinos).
After all the tightening of rules for
traditional Blackjack, you'll find some casinos where the Spanish 21 odds
are better for the player (most Atlantic City casinos for example). The house edge is only 0.76% when the
dealer hits soft 17 and redoubling isn't allowed. This improves to
0.38% if redoubling IS allowed. The house edge is only 0.40% when
the dealer stands on soft 17.
This link will tell you all about the game and give you good basic
strategy guidelines.
Recommended Buyin: 15 times your initial
bet.
Super Fun 21
This is another blackjack variation, and the
house has an edge of about 0.95% to 1.15%. Some scoff at this game and
say it's "Super Fun" for the house, because the edge is so much better than
some traditional blackjack games. I think it depends on what's being
offered at the casino you're at. Remember the old song "if you can't
be with the one you love, then love the one you're with"? Ok, so I'm
showing my age.
Given a choice, I'd rather play a
good traditional Blackjack game with half of one percent house edge, but in
some casinos Super Fun 21 is the best game available, and at least it's fun!
Click here to get more info and basic strategy.
Video Poker
I could write a book on Video Poker, but that's
already been done a few dozen times. So I'll keep this brief and give
you several links to more info.
VP is the only game where a person with average
skills and average dedication can teach themselves a basic strategy that
actually has an advantage over the casino. Yep, a slight statistical
advantage of under 1%. But think about it, one percent is all the
casino needs to clean you out over time! So having that edge over them
is a good thing.
But don't rush out and drop a grand into the
nearest Video Poker machine! First you need to learn to differentiate
the GOOD machines, (and the GREAT ones) from the mediocre and lousy ones.
Then, you need to take the time to study basic strategy and be able to play
perfectly. Only then can you storm the walls of the casino castle!
Yes, I know, some people find Video Poker
boring. If you're one of those, then I recommend picking from the
better table games listed above.
Free Online Resources
-
First, as with the other games on the page, I'll
refer you to the
Wizard of Odds
site
-
vpFREE is one of the best sources
of free video poker information on the web. I link to their database for
all my casino reviews in this web site. They have an extensive listing of
links to additional information too. In addition, they have a very
active Yahoo! group. Jean Scott, Skip
Hughes, Bob Dancer, and other top VP writers hang out here to answer questions
and socialize with the masses.
http://groups.yahoo.com/group/vpFREE/
-
5-Card's video poker pages give you a wealth of
information about the odds and costs of playing specific games.
http://videopoker.fws1.com/index.html
Recommended books, software, and subscription web
sites
-
Jean Scott's
Frugal Video Poker is
a complete video poker learning system in two parts. Each of them is good
alone, but I recommend having both. 1) The FVP software will let you learn
to play video poker on your home computer. It also includes a valuable
feature -- you can create and print strategy cards for any game and carry these
with you to the casino. 2) Jean also has a book out by the same name
Frugal Video Poker, and it's an excellent video poker textbook for both new
players and experienced alike.
-
WinPoker version 6.0
This is another training software for your computer, the one we started out
using many years ago and still have and use often. It has an attractive video
interface, and you can customize the machine payouts. However, it doesn't
have a feature to print out strategy cards, so you'll need to purchase that separately.
-
http://www.vpinsider.com/ This is a paid membership site, but has some good free
stuff too. I was a paying member for several years. If you get
serious about VP it's probably a good investment for at least one year.
-
Comps are also an important part of any strategy. They help offset your
losses, and can turn a slight disadvantage into a break even situation. If you
want to learn about comps, and other ways to get the most out of a casino, then
read two books by Jean Scott.
The Frugal Gambler, and
More Frugal Gambling. You'll find these and more information on her
web site: http://queenofcomps.com
What about live Poker?
Poker isn't gambling. It's a game of
skill, and you're competing against other players, not the house

General Gambling Information
For any and all general subjects related to gambling
and Las
Vegas the "Master Site" in my opinion is
www.lasvegasadvisor.com.
Some content if free, and membership is only $39/yr. You get an excellent
coupon book that will more than pay for the cost of membership with just one
coupon used! Check the LVA out free for 5 days. Click on the
following link:
http://www.lasvegasadvisor.com/free5day.cfm FYI, I have no financial
ties to the LVA, I've been a member since 2000 and it's a great deal.
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