Bets and Terminology for Beginners

Betting is a very widespread and regular phenomenon especially in United States. In the world of sports betting has not left any game untouched. Be it cricket, horse racing, football, basketball… betting has laid its hands over all of them.

Though almost half of the country’s population is consciously infected by the betting syndrome, yet there are no thoughts by the government to legalize it in any form or the other. The only place where it has been made legal is the state of Nevada. The state has made collegiate gambling, which is one of the most execrable forms of betting. Betting on sports in colleges not just deteriorates the healthy atmosphere an spirit with which the game is played but also ruins the trustworthy sportsmanship of the players. The college players themselves wager and try to play the game in accordance to win their wager. They are not motivated by the team or game spirit but by the money they might receive on winning the bet. NCAA has revealed that most often it is the college athletes more inclined to betting and point shaving as compared to professional sportsmen. Point shaving refers to the poor and awful performance that players make on the field in order to have a particular point spread.

There are various types of bets and betting terminologies. Some of the most frequent types of bets are- Point Spread, Money Lines, Parlays and Pari- mutual etc. These bets vary from game to game, in their terms and conditions and the style of betting. It is better to learn the different techniques and rules for these bets before you wager.

Nowadays betting can also be done online. The government has put up limitations here too in the form of the ‘Wire Act’. This act limited online gambling within the walls of a state. In other words, the Wire Act made it illicit to cross a state line for the purpose of gambling. However this act even like several others stands in effective in detaining gamblers from gambling in the manner they desire to do.

The gamblers can do anything to prevent their gambling industry from fading in the hands of government. They do anything and everything to find favors from the government. Most often this is done by time and again stuffing the pockets of the party members with huge amount of money.

But a gambler fails to realize that the government is not at loss. It is he himself who loses and suffers the most. Betting is nothing else but gambling with one’s money. It is devastating addiction. A pathological gambler cannot resist from gambling whatsoever his economic condition may be. He can stoop to any extent to obtain money for betting. He can lie, steal and even murder anyone for it. The idea of once winning a large bet is always playing on his mind. The entire family and friends of a pathological gambler face repercussions of the adverse situations so created by him.

The lust for money is never ending, it is better to be satisfied with the little that you have than to pine for more and lose even that!

Play Craps With Winning Strategies: Placing Across the Board With COME Bets

In my last article on how to play craps, I tackled the rules of the Pass Line and the Don’t Pass Bar. For this article, I will show you how to play craps with the tool of understanding probability. Below, I have created a dice diagram to visually explain the probability of each number rolling in a typical craps game.

Possible 2 = 1 + 1

Possible 3’s = 1 + 2 and 2 + 1

Possible 4’s = 1 + 3 and 3 + 1 and 2 + 2

Possible 5’s = 1 + 4 and 4 + 1 and 2 + 3 and 3 + 2

Possible 6’s = 1 + 5 and 5 + 1 and 2 + 4 and 4 + 2 and 3 + 3

Possible 7’s = 1 + 6 and 6 + 1 and 2 + 5 and 5 + 2 and 3 + 4 and 4 + 3

Possible 8’s = 2 + 6 and 6 + 2 and 3 + 5 and 5 + 3 and 4 + 4

Possible 9’s = 3 + 6 and 6 + 3 and 4 + 5 and 5 + 4

Possible 10’s = 4 + 6 and 6 + 4 and 5 + 5

Possible 11’s = 5 + 6 and 6 + 5

Possible 12 = 6 + 6

NOTICE: There are 36 possible dice combinations. The 7 is the most commonly rolled number with 6 possible combinations resulting in a statistical probability of 1 in 6 rolls.

Below this is a payout diagram for odds through place betting:

4 & 10: Pay $9 for every $5 bet

5 & 9: Pay $7 for every $5 bet

6 & 8: Pay $7 for every $6 bet

Below this is a payout diagram for odds through COME betting:

4 & 10: Pay 2:1 ($2 for every $1 bet) + EVEN MONEY for initial bet

5 & 9: Pay 3:2 ($3 for every $2 bet) + EVEN MONEY for initial bet

6 & 8: Pay 6:5 ($6 for every $5 bet) + EVEN MONEY for initial bet

The main numbers that I will use in describing how to play craps through three distinct winning strategies are numbers 4, 5, 6, 8, 9, and 10. These are called point numbers. Any other number is not a point number. For the following strategy of how to play craps wait until the game is beginning. Look for the puck to say OFF to begin.

Placing/COME Betting – Minimum of $300 bankroll for $5 table

To play craps using this strategy you will NOT make a Pass Line or Don’t Pass wager. As a result, you cannot shoot the dice. Thus you can only play craps using this strategy if there are other players at the table besides yourself.

Scenario

Let’s suppose the shooter rolls a point of 6. Now, place all numbers, including the point, for the minimum amount. This will cost a total of $32 ($5 for numbers 4, 5, 9, and 10 and $6 for numbers 6 and 8). After you place all the numbers, and before the next roll, make another bet by placing a $5 chip in the COME box. Suppose on the second roll, the shooter rolls an 8. First you would get paid $7 for your place bet on the 8. Your COME bet would then go to the 8 and you could take odds on this bet. Toss three $5 chips and make an odds bet on your COME bet through the 8.

NOTE: When COME bets go to the 6 or 8 take 3x (triple) odds. For the 5 or 9 take 2x (double) odds. For the 4 or 10 take 1x (single) odds.

When your COME bet goes to the 8, tell the dealer to take your placed 8 bet down because you do not want to cover the same number through two different wagers. Then, make another bet in the COME box. Let’s say the shooter rolls a 9. You would get paid $7 for your $5 place bet on the 9 and your COME bet would move to the 9. Now that you have two COME bets active, ask the dealer to take ALL place bets down. Make sure to toss two $5 chips for your odds on the 9.

Currently, you have the 8 and the 9 through the COME and you have won $14 through your place bets. So far you are up $14 and you are risking $35. In a worst case scenario, a 7 rolls next, you will have only lost $21. However, if you notice the dice chart, a 7 can roll six different ways. Since there are 36 possible dice combinations, a 7 will statistically roll once every six rolls. In this scenario you were able to play craps through place betting and COME betting, setting up your bets in only three rolls. Therefore, using this strategy to play craps, you would have at least two more rolls to make even more money back and, ultimately, a profit.

Let’s suppose the shooter rolls an 8 next. You would then get paid $5 for your initial COME bet and $18 for your odds bet. If you are confused please look at the table above for a visual aide. The dealer would then give you back your investment and your winnings on the 8. Therefore, it only takes one COME bet to hit in order to make all your money back. At this point, you have a profit of $2 if a 7 rolls next. However, the next roll would be the fifth roll and a 7 is not due, according to probability, until the sixth roll. This means you still have a decent chance to win on your 9 COME bet, resulting in a total profit of $22 on two COME bets.

If you want to play craps more conservatively for this system, simply take 1x (single odds) on all COME bets instead of the typical (1x, 2x, 3x). This way, you can risk less, but still have great potential to make a profit. On my next article on how to play craps I will explain the strategy of “placing the inside.”