Saturday, May 08, 2004
Betting Systems At Craps: The Field Vs. Betting InsideBetting Systems At Craps: The Field Vs. Betting Inside
May 06, 2004
Most gamblers are convinced that there are betting schemes and systems that can overcome the house edge at craps and at other games. In this thinking, they are, of course, completely wrong, as math and long run experience will ultimately prove to them. Still, hope springs eternal in the gambler's breast and not a day goes by when some gambler somewhere will scream out, if only in his mind: "Eureka, I got it!"
The gambling system that most novice gamblers "invent" is the Martingale, the double up as you lose progression. You can have 18 wins if you place the 6 and 8, 5 and 9, as these numbers, combined, will come up 18 times. Is placing the "inside numbers" a better bet than the Field?
If you bet $22 inside, which is $6 each on the 6 and 8, and $5 each on the 5 and 9, you will win 18 decisions for a win of $126, since you get paid $7 for every win. However, when the 7 rears any of its ugly face combinations, you will lose all $22 and that will happen six times in a 36 roll cycle for a loss of $132. You're a net loser of $6. This is an approximately 2.6 percent house edge.
Based strictly on house edge, placing the inside numbers appears to be the better bet. But is it actually the better bet in the real world? Yes and no.
If you are a player who can easily afford placing the inside numbers, then avoid the field bet. Why give the casino more than twice the edge on you? However, if you are really on an extremely limited budget, then you can make the Field bet for a mere $1 at most casinos.
Granted you'll be in on every roll as the Field is decided each and every time the dice are thrown, approximately 120 decisions per hour. So you will wager $120, have the 5.6 percent house edge cut into it to the tune of almost $7 per hour. But if you like to drink and don't tip the waitresses, you can probably drink more than the value of the loss of your money (but perhaps not more than the value of your liver!).
And what of our place bettor? In 120 rolls of the dice, the "inside betting" strategy will see a decision two-thirds of the time, that's 80 decisions, that's $1760 wagered, with the house keeping approximately $46.
So if you are extremely short on cash, then you can just keep betting the Field, but once you can afford, and actually start, to make bets that come in with lower house edges, you abandon the Field in favor of those bets.
There is one caveat to the above advice. Some casinos in their infinite generosity will pay triple on the 2 or 12 Field bet. That lowers the house edge to 2.7 percent on the Field bet. Now that becomes just about as good a bet as the placing of the "inside numbers" in terms of the house edge.
Are there betting systems that can overcome the Field edges? No, there aren't. But some players like to play around with raising or lowering their bets, in the hopes of riding a streak.
One of the best methods for making a profit in a streak on the Field is the "Four-Step" which is to place the field for "X" amount and when it hits, just let everything ride. On the second hit, take your win. On the third hit, let it ride again. On the fourth hit, take everything down to its initial bet. In this four-win sequence you have won a total of 9 units. At this point you would start again.
Looking for short streaks is the best way to exploit the Field wager for extremely low-rollers. But if you are already in the medium roller league and can afford to play the game of craps for table minimums, then the Field is just another sucker bet, even though you are betting so many numbers and they seemingly hit so many times. The Field's moneymaking potential is an illusion to be sure.
May 06, 2004
Most gamblers are convinced that there are betting schemes and systems that can overcome the house edge at craps and at other games. In this thinking, they are, of course, completely wrong, as math and long run experience will ultimately prove to them. Still, hope springs eternal in the gambler's breast and not a day goes by when some gambler somewhere will scream out, if only in his mind: "Eureka, I got it!"
The gambling system that most novice gamblers "invent" is the Martingale, the double up as you lose progression. You can have 18 wins if you place the 6 and 8, 5 and 9, as these numbers, combined, will come up 18 times. Is placing the "inside numbers" a better bet than the Field?
If you bet $22 inside, which is $6 each on the 6 and 8, and $5 each on the 5 and 9, you will win 18 decisions for a win of $126, since you get paid $7 for every win. However, when the 7 rears any of its ugly face combinations, you will lose all $22 and that will happen six times in a 36 roll cycle for a loss of $132. You're a net loser of $6. This is an approximately 2.6 percent house edge.
Based strictly on house edge, placing the inside numbers appears to be the better bet. But is it actually the better bet in the real world? Yes and no.
If you are a player who can easily afford placing the inside numbers, then avoid the field bet. Why give the casino more than twice the edge on you? However, if you are really on an extremely limited budget, then you can make the Field bet for a mere $1 at most casinos.
Granted you'll be in on every roll as the Field is decided each and every time the dice are thrown, approximately 120 decisions per hour. So you will wager $120, have the 5.6 percent house edge cut into it to the tune of almost $7 per hour. But if you like to drink and don't tip the waitresses, you can probably drink more than the value of the loss of your money (but perhaps not more than the value of your liver!).
And what of our place bettor? In 120 rolls of the dice, the "inside betting" strategy will see a decision two-thirds of the time, that's 80 decisions, that's $1760 wagered, with the house keeping approximately $46.
So if you are extremely short on cash, then you can just keep betting the Field, but once you can afford, and actually start, to make bets that come in with lower house edges, you abandon the Field in favor of those bets.
There is one caveat to the above advice. Some casinos in their infinite generosity will pay triple on the 2 or 12 Field bet. That lowers the house edge to 2.7 percent on the Field bet. Now that becomes just about as good a bet as the placing of the "inside numbers" in terms of the house edge.
Are there betting systems that can overcome the Field edges? No, there aren't. But some players like to play around with raising or lowering their bets, in the hopes of riding a streak.
One of the best methods for making a profit in a streak on the Field is the "Four-Step" which is to place the field for "X" amount and when it hits, just let everything ride. On the second hit, take your win. On the third hit, let it ride again. On the fourth hit, take everything down to its initial bet. In this four-win sequence you have won a total of 9 units. At this point you would start again.
Looking for short streaks is the best way to exploit the Field wager for extremely low-rollers. But if you are already in the medium roller league and can afford to play the game of craps for table minimums, then the Field is just another sucker bet, even though you are betting so many numbers and they seemingly hit so many times. The Field's moneymaking potential is an illusion to be sure.
The Australian: Vegas betting suggests Klitschko poisoned [May 08, 2004]Vegas betting suggests Klitschko poisoned
From The Times
May 08, 2004
HEAVYWEIGHT Wladimir Klitschko may have been drugged or poisoned before his WBO title bout against Lamon Brewster in Las Vegas last month as part of an elaborate betting sting, according to Klitschko's lawyer.
Judd Burstein, who previously worked for Lennox Lewis, has filed papers in a Nevada court to ask the state's district attorney for a full investigation into the bout, which Klitschko, who was an overwhelming favourite, lost dramatically.
Klitschko, the younger brother of Vitali, the new WBC champion, was on the verge of winning the bout on April 10 and had put Brewster on the floor in the fourth round, when he fell apart in the fifth. After being caught by a left hook, Klitschko suddenly became very weak. He fell against the ropes and, as the round ended, he slumped to the floor, causing the referee to stop the bout.
Concerned doctors sent Klitschko to a hospital trauma unit with a neurosurgeon, but no brain injury was found.
Key to the argument is the unusual betting patterns before the bout, which saw huge support for the unheralded Brewster. When betting opened, Brewster had been an 11 1/2-1 underdog, but by the time of the bout, Brewster's odds at the Las Vegas casinos were just 3-1. Blood and urine samples taken from Klitschko after the bout have also been destroyed.
From The Times
May 08, 2004
HEAVYWEIGHT Wladimir Klitschko may have been drugged or poisoned before his WBO title bout against Lamon Brewster in Las Vegas last month as part of an elaborate betting sting, according to Klitschko's lawyer.
Judd Burstein, who previously worked for Lennox Lewis, has filed papers in a Nevada court to ask the state's district attorney for a full investigation into the bout, which Klitschko, who was an overwhelming favourite, lost dramatically.
Klitschko, the younger brother of Vitali, the new WBC champion, was on the verge of winning the bout on April 10 and had put Brewster on the floor in the fourth round, when he fell apart in the fifth. After being caught by a left hook, Klitschko suddenly became very weak. He fell against the ropes and, as the round ended, he slumped to the floor, causing the referee to stop the bout.
Concerned doctors sent Klitschko to a hospital trauma unit with a neurosurgeon, but no brain injury was found.
Key to the argument is the unusual betting patterns before the bout, which saw huge support for the unheralded Brewster. When betting opened, Brewster had been an 11 1/2-1 underdog, but by the time of the bout, Brewster's odds at the Las Vegas casinos were just 3-1. Blood and urine samples taken from Klitschko after the bout have also been destroyed.
