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Gambling
Articles and Tips - Common Mistakes Made by Casino Players
It's no secret that
casinos have a mathematical edge over players on all their games.
This alone makes it tough for players to win. The higher the
casino's edge, the lower is the chances the player will end up a
winner. But besides this edge that players must face every time they
make a bet, the vast majority of players also manage to shoot
themselves in the foot by making bone head plays that only increases
the casino's edge even more. I see it all the time in casinos
throughout the US. Take for example these five observations I made
on a trip to Las Vegas last weekend with my family.
Mistake #1. Playing Blackjack With
Poor Rules
After we checked in to the Golden Nugget Hotel Casino in Las Vegas,
I walked through the casino and found blackjack being dealt with 2
decks of cards on some tables and with 6 decks of cards on others.
Most of the 2 deck tables were crowded with players. There were not
nearly as many players at the 6 deck games. Generally the odds are
slightly better for the player at a 2 deck game vs a 6 deck game.
But at the Golden Nugget the rules were not the same. The dealer hit
soft 17 on the 2 deck games but stood on soft 17 at the 6 deck game.
You could surrender and double down after pair splitting on the 6
deck games but not so on the 2 deck games.
Bottom line - the
casino's edge over a basic strategy player was nearly twice as high
on the 2 deck game compared to the 6 deck game. Unless you were card
counting, for the average blackjack player the better game was the 6
decker. Don't make the mistake of playing blackjack on tables with
worse rules and a higher casino edge then nearby tables with better
rules and a lower casino edge.
Mistake #2. Not Taking Advantage of
The Odds Bet
On this same trip, my older son wanted to play craps so we walked
across the street to Binions Horseshoe casino. Much to my surprise,
Binion's lowered the odds they were offering crap players from 100
(where it had been for about a year) down to 10 times the amount of
your pass line bet. No matter, it was still a good deal especially
with a minimum $2 bet on the pass line.
As I looked around the table at the other crap players, only a few
were betting the odds. Most had red ($5) and green ($25) chips on
the pass line without any odds. The cost to players for making the
$25 bet on the pass line is 1.4% (casino's edge) times $25 or about
35 cents. My son had almost the same amount riding on the shooter
but at a cost of only 3 cents. How did he do that? By splitting up
the $25 bet into a $2 pass line wager with $20 in odds. The
odds bet cost nothing because the casino's edge is zero. Therefore,
the cost is simply 1.4% times the $2 pass line wager or 3 cents.
Don't make the mistake of placing a large bet on the pass line
without odds. Instead, bet as small as possible (the table minimum)
on the pass line and put the rest on the odds bet.
#3 Play Only Full Pay Video Poker
Machines
My wife wanted to play video poker so she wandered over to the Four
Queens Casino. There she found a bunch of 25 cent standard jacks or
better machines. The ones that were getting the most play had a
payoff of 8 coins for a full house and 6 coins for a flush (1 coin
payout). It says this right on the face of the video poker machine
for every player to see. Yet hidden in the maze of these video poker
machines were some that paid not 8 but 9 coins for a full house and
6 for a flush. Naturally, no one was playing these higher paying
machines - they were to busy losing their money on the lower paying
8/6 machines. Don't make the mistake of playing video on machines
that are not full pay. If you don't know what a full machine is,
then learn before you play!
#4 Check out The Wheel Before Playing
Roulette
We were touring the New York New York Casino and my daughter-in-law
wanted to play roulette. She was about ready to buy-in at a crowded
roulette table when I spotted her and pulled her away. "Let's
go next door" I said.
Next door to New York New York is the Monte Carlo Casino. Why play
roulette there? Because their roulette wheel contains only 37
numbers as opposed to the 38 numbers on the wheel at New York New
York casino. As is usually the case, there were less players at the
more favorable single 0 game then there were next door at the less
favorable double 0 game. What's the big deal about one less 0? A
decrease in the casino's edge by about 50%. That is a big deal.
Don't make the mistake of playing roulette unless you know for sure
there is not a better game in the area.
#5 Play Certified Slots
We were at the Sahara Casino so my boys could try one of the new
simulated auto racing car games (by the way, both my boys faces were
green when they finished their "wild ride"). My younger
son wanted to play the slots so he rushed off to the first dollar
slot machine he found and started pumping coins into the machine.
"Hold it", I said. "Don't put another coin into that
machine. We are going across the street". You see across the
street is the Stratosphere Casino where their dollar slots have
been certified to pay back at least 99%. The ones at the Sahara,
well who knows what their payback is? Don't make a mistake of
playing just any old slot machine. If a casino has signs certifying
a high payback, that's a better deal then one that doesn't. And
don't get suckered into the "pays UP TO 99%" lingo that
you'll find on marquees all over Vegas. There may be only one slot
machine in the whole joint paying 99% - the rest, who knows??
Don't make mistakes that increase the casino's edge. Play smart by
first learning the rules and then learning how to cut the casino's
edge to the lowest level possible. That's the smart way to have fun
and improve your chances of winning.
***************
Henry Tamburin is one of America's premier casino gambling writers
and the author of Henry Tamburin On Casino Gambling - The Best of
The Best plus 5 other best-selling books. Visit his web site for
casino players at http://www.smartgaming.com