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Archive for April, 2009

Craps and Bet

Tuesday, April 21st, 2009

Learn to Play Casino Craps: the Craps Lay Betby William Enslen Jr

Be smart, play smart, learn how to play casino craps the right way!

The Lay bet is for the 7 against your chosen number (i.e., the 4, 5, 6, 8, 9, or 10) and the payoff is according to true odds. It’s the opposite of the Buy bet, much like the Don’t Pass is the opposite of the Pass line. For example, if you Lay the 10, you hope a 7 shows before the 10; whereas, if you Buy the 10, you hope a 10 shows before the 7.

The Lay bet pays off according to true odds, which are: 1:2 for the 4 and 10, 2:3 for the 5 and 9, and 5:6 for the 6 and 8. For example, the payoff odds for Laying the 10 are 1:2, which means you have to bet more money than you win. For every two dollars you bet, you win one dollar. It’s like the Don’t Pass where you have the advantage over the house because there are six ways to make a 7 and only three ways to make a 10. Therefore, you have to put up your fair share, which is twice the amount you hope to win. So, if your $20 Lay bet on the 10 wins, you win $10.

The Lay bet has the same vig as the Buy bet, but it’s based on the win amount, not the bet amount. For example, suppose you Lay the 4 for $100. The true payoff odds are 1:2, which means your winning $100 Lay bet pays $50. The vig is based on the $50 winnings, not the $100 bet. So, the vig is $2 ($50 x 5% = $2.50, which is rounded down to $2), instead of $5 ($100 x 5% = $5).

Lay bets are often called "No" bets. For example, suppose you play for three hours and not a single 5 shows. You decide you’re in a weird, anomalous blip of the distribution where the number 5 just isn’t going to show no matter what the craps gods do. You want to take advantage of that anomaly so you drop $75 in the Come box and tell the dealer, "Give me a No five, please." The dealer moves your chips to the 5 point box and puts a LAY button on top. Lay bets are positioned in the same locations as Don’t Come with Odds bets. Sure enough, the 5 doesn’t show and the shooter rolls a 7-out. Your $75 Lay bet wins $50 (i.e., the true odds are 2:3, so $75 divided by 3 = $25, multiplied by 2 = $50). You must also pay the 5% vig on your winnings. To make it easier for himself, the dealer will likely give you two $25 chips for your winnings and say, "Drop me two dollars, please," rather than count out $48 in chips. In this case, you simply drop two $1 chips in the Come box and then pick up your two $25 chips.

Unlike Buy bets, Lay bets are kept on and working on the come-out roll of a new game. However, you can always turn them off and on whenever you want. Typically, players leave their Lay bets on and working for the come-out roll because they have the advantage over the house (i.e., there are always more ways to make a 7 than any of the point numbers). Another reason–a silly reason, but a reason nonetheless–is because everyone is typically rooting for a 7 on the come-out (most people play the Pass Line, so a 7 on the come-out is a winner for them). With all that positive mojo at the table, a 7 is bound to show, so leave your Lay bets working for the come-out roll of a new game. Seriously, you should leave your Lay bets working on the come-out not because of table mojo, but because you have the advantage over the house.

Now you know! Remember, learn how to play casino craps the right way.

About the Author:

Bill Enslen is a reliability engineer who routinely works with statistics. Having played and analyzed casino craps for more than 25 years, he has compiled his winning secrets in a new Ebook, The Secret to Craps: The Right Way to Play. He doesn’t offer false hope or prey on your blazing desire to beat the casino. Instead, he explains the reality of the game and how to optimize your fun without losing your shirt. Without fully understanding the game and the truth behind the numbers, you’re vulnerable to believing bizarre claims that you can consistently beat the casino. The plain truth is that you can’t and won’t. Don’t be a sucker. Be smart, play smart, and learn casino craps the smart way. For more information, and to read a sample chapter about the absurdity of dice control, visit his site at Learn to Play Casino Craps the Right Way.

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Craps for Winn

Tuesday, April 14th, 2009

Learn to Play Craps – Tips and Strategies: Winning Systemsby William Enslen Jr

If anyone says or writes that he has a consistently "winning" craps system, he’s either lying to swindle you or too stupid to know better. No consistently winning craps system exists, has ever existed, or will ever exist. Understand? None. Don’t ever let anyone persuade you otherwise.

Most systems spread false hope. They hardly ever change as they go from book to book and article to article. Authors often prey on your greed, your hope for an easy score. As with everything else that offers people a quick buck, these shysters take from the stupid and give to themselves. Their "winning" systems focus on consistently beating the house, which I prove in my eBook, The Secret to Craps: The Right Way to Play, can’t be done over time. How many of you are experienced craps players and tried these systems at some point in your playing life? Be honest. How many of you went to Vegas with high hopes of winning thousands using your new found, sure-fire, "winning" system that cost you $85 on the Internet? And, after playing your wonderful "winning" system, how many of you returned home a loser? Be honest.

You shouldn’t play craps expecting to win over time. If you do have a winning session or short-term winning streak, consider yourself lucky for experiencing a distribution variance that favored you at that particular time. If a consistently "winning" system ever did exist, the casinos would have gone belly up years ago. Well, not really. Instead of going belly up, the instant some genius figured out a winning combination of bets (i.e., gained a player advantage), the casinos would have changed the rules to bring the advantage back to them.

All craps systems are simply combinations of bets supplemented with wacky betting schemes. Most sound impressive, scientific, and feasible. Some are simple, some complex. The fact is, no matter what bets you combine and betting patterns you apply, you can’t overcome the house advantage. No hedge-bet method (i.e., combination of bet types and bet amounts) will ever change the negative expectation to result in a player advantage. The best you can hope for is to minimize the house advantage, maximize your fun, and hope like heck you hit a "Nirvana hiccup" (explained in my article titled Variance).

You think, "This is depressing! Why do people play this game?" The ignorant and arrogant players truly believe they can either beat the house, they possess some kind of supernatural mojo that affects the dice, or they believe in the silly notion of dice setting. However, the knowledgeable player plays for one basic reason–it’s so much fun. The knowledgeable player knows he’s supposed to lose over time. This acknowledgement allows the player to enjoy the game without worrying about winning. If he loses a session, it’s paid entertainment. If he wins a session, he knows he’ll probably lose it during a future session. The interaction with people, the range of emotion, and the thrill of the hot roll are what bring the knowledgeable player back again and again.

If you don’t want to lose your shirt, you must learn the secret to craps. Don’t fall for bogus winning systems or ridiculous dice-setting claims. Be smart. Play smart. Learn the secret to craps.

Now you know!

About the Author:

Bill Enslen is a reliability engineer who routinely works with statistics. Having played and analyzed the game for 25 years, he has compiled his winning secrets in a new eBook, which you can sample at http://www.learnthesecrettocraps.com/

How To Play Craps

Sunday, April 12th, 2009

How To Play Craps

This is the beginning in a series of instruction videos on gambling. The first is on the basics of craps.

Video posted by: Bestdj0125

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