The Most Embarrassing Gambling Fails of All Time

Posted by & filed under casino, Craps, Entertainment.

casino fun

The most amazing stories of gambling hubris of all time, immortalized through their spectacular

failure. From the rich and unemployed betting their inheritance away to famous high-rollers

making unforgettable bets, these moments in gambling history have become immortalized in

Internet fame.

4. Crunch Time

A group of young men was challenged by an MTV reality show to meet the mark of “100 things

to do before you die.” One of the big items on the list was to earn a million dollars. There are a

lot of ways to earn $1 million in a lifetime, but the show didn’t last long enough to follow each

of the individuals through earning their doctorate and engineering degrees, so instead they

pooled all their money together and took it to the roulette table. All they needed was three

successful bets on near 50/50 odds, but after just two rounds, every penny was gone.

3. 2 Legit 2 Quit

A frequenter of Las Vegas casinos, a gambler named John Hennigan had a reputation for not

being able to walk away from a bet. His friends gave him a challenge: Stay in a remote area in

Des Moines for six weeks without gambling, and win big. He took the wager of $100,000 and

moved out into the wilderness, but was back in Las Vegas after just two days. Good on him for

not walking away from a challenge, but he could have used a follow-through.

2. What’s in a Name

During a historic horse race in 2011, a talented horse was assigned a mysterious 28/1 payoff. The

horse, named Voler La Vedette, was expected to win and spectators eagerly placed bets on the

horse and its ridiculous odds. Who would have guessed it, Voler La Vedette won. Unsure what

to do, Betfair refused to pay the winnings for the in-game bets, only honoring the bets from

before the race started, but that did not save it. Betfair took the hit, instantly losing £40 million,

or about $61 million.

1. Let it Go, Let it Go

Some players have $100 to set on the table. Archie Karas had $40 million. He lost it all in a

single bet, but even that wasn’t enough for him. Not ready to call it quits, Karas came back to the

baccarat table to lose another $30 million, $300,000 at a time. That’s about 100 bets if he lost

every one of them, but there’s no way someone has that poor of luck, right?

Well, that was embarrassing.

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When to Pass or Don’t Pass in Craps

Posted by & filed under Craps.

 

A basic game of craps has two options, the pass line and the don’t pass line. When players feel like a seven is coming up, they pick the don’t pass line. When they feel the other number is more likely, they go for the pass line. There are several ways to choose when to pass and when to reel it in.

hotrollcraps

To start out, think of how far away the point is from seven. Of all of the numbers, seven is the most likely. This is because seven can be made with the most combinations of dice. About one in six rolls will add up to seven. Six and eight are almost as common. Five and nine are even less common. By the time four and ten come along, the bet isn’t even worth making. Instead, an even surer bet is on the table: the don’t pass line.

Betting on the don’t pass line recognizes one inarguable fact: It is more likely for a seven to come up than any other number. The don’t pass bet is a bet on probability following its natural course. It is hard to go wrong with a bet that there is a seven coming up when a seven is always coming up.

There is one compelling reason to go for the pass line instead of the don’t pass line, and that is the companionship of the other players. No matter what the numbers say, people like to say yes, and the pass line is the perfect way to say it. The don’t pass line says no, and that is not the thing to be saying in an excited crowd that is shouting, “YES!”

Camaraderie is important, and one of the key things that makes craps fun, but it shouldn’t be what’s getting in the way of a successful gambling experience. The compromise is to bet online. Playing craps from the privacy of a home computer or personal phone is the perfect opportunity to make the smarter bet.

Some may argue that if several sevens have been rolled in a row, it’s unlikely another seven will show up for a while. This certainly sounds true, and many successful players follow that rule, but from a purely mathematical perspective, dice have no memory. They do not remember that they just rolled a seven, and they won’t act differently because of it. Dice just roll.

In the end, the decision is up to the player. A pass line bet over a six or eight doesn’t have terrible odds, and might just work out. In the end, the pass line is best saved for the casino and the don’t pass line used when it is time to get serious.

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The Gambling Alphabet, N through Z

Posted by & filed under blackjack, casino, Craps, keno, Roulette.

abet

Here we are again, now with the second half of the alphabet in gambling games. There is

something in here for everyone, from traditionalists to people who want to make sure they have

fun while they play.

No-Flop Pineapple

Faster than most card games, no-flop pineapple is a lesser known relative of Texas hold ’em

poker.

Oicho-Kabu

Not unlike baccarat, this game involves adding up cards and trying to reach nine. It comes with a

special deck, but is still possible to play with normal playing cards so long as the face cards are

removed.

Pinball

Little known fact: pinball used to be a gambling game. Instead of earning extra lives or free

plays, players would be rewarded with points that can be cashed out. Unfortunately, these

machines have been discontinued.

Quinze

As blackjack’s French cousin, Quinze has a lot in common with the popular casino game, except

the goal is to reach 15, and if both the player and the dealer reach higher than 15, there is a draw.

Roulette

A classic casino game, this wheel-spinning exercise has safe bets, wise bets, risky bets, and

nearly impossible bets.

Skilo

Like skee-ball for adults, skilo involves throwing a rubber ball at a target and accruing winnings

based on where it lands. The game is largely skill-based, hence the name.

Teen Patti

This game from India is very similar to poker, with a few minor differences. Due to players

getting up from the table to avoid the ante or the blind, players who leave are greeted with a

charge to their chips when they return.

Upcard

Similar to Casino War, this quick game uses only the first card drawn. The difference is that this

game can be played with any number of people, and ties are settled by drawing a second card.

Video Poker

Not to be mistaken for poker, this is a game of second chances. Players are given a set of five

cards for the chance of winning right off the bat, pick which cards they want to keep, then try

once again.

Wash

Though not exactly a game in its own right, wash is a friendly nickname for the card game,

baccarat.

Xoc Dia

Though illegal in its home country of Vietnam, this game is unique enough to warrant attention

in other places. Players must create different combinations of colored tokens in order to win.

Yahtzee

While this game can also be played with wallets closed, this game of skill and chance is easy to

set up for a gambling night with only 5 dice and a notepad required.

Zed

Just kidding. There are no gambling games starting with the letter “Z.”

This marks the end of the gambler’s alphabet. Hopefully there are a few in the mix that sound

exciting enough to try.

 

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The Best Attitude for Every Gambling Game

Posted by & filed under blackjack, Craps, Entertainment, keno, Roulette, slots.

Gambling-superstitions

The theory has been proven again and again: attitude helps you win. The question is which

attitude to take. For every gambling game, there is an attitude that perfectly fits the ideal playing

style. Coming at the game from the right angle allows players to take control of the game, even if

they can’t control the dice.

Blackjack: Confident

Confidence is a magical feeling. In every situation, it encourages people to follow the course of

action that they believe is the best one. Confidence also sharpens the senses and improves math

skills. With a confident mindset, players will notice more, make better mathematical decisions,

and follow through better.

Roulette: Patient

The safest bets on Roulette have about a 50/50 chance of winning and very little payoff. This

makes for a very slow game with a lot of back and forth. An eager player might get tired of

collecting small sums and watching them disappear on the next spin. They may even go for one

of the numbers hoping for a stroke of luck, but the most likely result is a heaping pile of nothing.

Slots: Reckless

Who doesn’t want to turn all the dials to max and see how far it goes? On a slot machine, this is

actually a good idea. On any machine, the maximum bet is always the best one. Finally, cranking

it up and letting loose is the right choice. Try it now at Slots of Vegas.

Craps: Cautious

A cautious player knows that the next 7 is right around the corner. It’s tempting to leave the bets

out until the 7 is long overdue, but a cautious player gets a gut feeling when it is time to snatch

the chips away and let the 7 come up. A cautious player also chooses the option with better odds,

so might pick the dreaded Don’t Pass line and have better odds than the norm.

Video Poker: Cunning

A chip in the hand is worth more than two in the cards. A cunning player knows that if there is

already a winning option in the starting set, there is no point in trying to form a new one. Video

poker is best played with a mindset that knows the difference between greed and calculated risk,

when it’s time to go for something big, and when it’s time to play it safe.

Keno: Anything

Unlike most gambling games, keno is a game of pure luck. There are no decisions the player

must make which will change the course of the game. That means players can throw caution to

the wind and play however they want.

How to Play to Win and for Fun

Posted by & filed under Craps, Entertainment, Roulette.

casino fun

The debate is on: should gamblers go all out and shoot for the stars or should they cut back and

just play within their means? There is a dotted line that no one seems to catch onto, that it’s

possible to do both. Playing to win and playing for fun can and should be the same thing. If it’s

not okay to enjoy every aspect of gambling, then what is the point of showing up? The balance

isn’t always easy, but with a few pointers, it’s possible to play a high-risk game risk-free.

1. Pick a starting number.

When it’s time to have a big gambling night, pick an amount of money to bet that feels exciting

but not devastating. Don’t think of it as a budget, think of it as a ticket to a fun night, whether it’s

a night at home on the computer or at the casino.

2. Set a target.

If you are coming in with $50, then ending the night with $5 is losing, around $50 is pulling

through, and $100 is a victory. Instead of a simple monetary target, think of something you want

to buy, something that sits outside of the starting budget. It might be a new game, a new

appliance, a nice bottle of liquor, or a fancy meal. Every time you gamble, shoot for that target,

and when you reach it, go out and buy your prize. It’s worth the wait.

3. Don’t empty your pockets.

No one wants to go home empty-handed, even if all that’s left is pocket change for a drink.

Maybe set aside the winnings from a lucky bet, or maybe just call it a night when your pockets

are getting light. It will save you a walk of shame.

4. Bet large.

Forget everything you know about smart betting. It’s time to try out the unlikely bets with the big

payoff, the 1 in 38 chance of landing on a number in roulette or the 1 in 36 chance of rolling

snake eyes. Flipping a coin isn’t fun, and neither is betting on reds.

When worrying about money, it can be too easy to get caught up in the logistics of gambling,

only taking the safe bets and saving all the money. Keeping the rent money tucked away is

obviously important, but what about having fun? Make all the safe choices outside the casino,

but once inside, don’t forget to cut loose.

3 Ways to Beat the Casino

Posted by & filed under Craps, Entertainment, slots.

Sports book tote board

Sports book tote board

There is never just one way to do anything. It may feel like only mathematicians can conquer the

house advantage, or only a big jackpot can make up for all the time and effort already invested in

winning, but there is always another way to win.

1. Random Chance

Not all big gambling winners do so using skill or forethought. Sometimes winning just happens,

and it can happen anytime. This was the case for a very lucky craps player: Patricia Demauro.

This miracle-bound person was just about new to the game, having only played it one other time

in her life. Then, one fateful day in 2009, Demauro stepped up to a craps table and won 154

throws in a row. Another famous stroke of good luck happened in 2000 when a Los Vegas

cocktail waitress broke the record on the Megabucks jackpot and walked home with

$34,959,458.56. The story doesn’t end well for her, however. Less than three months after her

big win, Cynthia Jay’s car was hit by a drunk driver, and she lost her sister and her ability to

walk. Random chance may have worked out for her to begin with, but it did no favors for her in

the end.

2. Negotiating

Everyone knows some games have more of a house edge than others, but few people stop to

figure out how much of an edge each little rule gets them. Don Johnson is not the sort of person

to hear the house is going to win and accept it. Instead of trying to cheat the system by counting

cards or slipping in cards of his own, Johnson found holes in the rules and then used them. He

found casinos and dealers that were more lax about when players could go back on a bet, when

they could increase the bet, and other details that didn’t seem all that important to other people.

Then he asked the dealers to bend the rules just a little bit more until the advantage was on his

side. His greatest success came from negotiating the payback that the casino gave him if he lost.

After winning a total of $15 million in about six months, Johnson retired rich.

3. Skip the Casino

Not all bets need to be predetermined by casino rules. Sometime a player can come up with their

own idea and take them to a wagering company. These bets can be just about anything from the

temperature next week to the number of states in America in 50 years. The farther away in time,

the less probable, the greater the windfall. There are two famous instances of these strange bets

working out. One is the story of the Welsh national football player, Harry Wilson. When Wilson

was just a child, his grandfather, Peter Edwards, predicted his career, and was awarded 2,500

times his initial 50 pound investment. This system also worked out well for David Thelfall, who

predicted in 1964 that a man would walk on the moon within seven years. His prediction came

true in 1969. Both of these people did something the rest of the tide avoids: taking the odds into

their own hands and making their own rules.

 

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3 Craps Strategies, Why they Work, Why they Don’t

Posted by & filed under Craps.

Craps_601x

There are two types of betting strategies: conservative strategies that involve making one or two bets and taking them away before things get dangerous, and all-encompassing strategies with bets all over the board. Craps is the perfect example to demonstrate how these strategies work out. There are many gambling strategies out there, but this is just a look at three simple ones:

Classic Regression, Three Point Molly, and All but Seven.

1. Classic Regression

Wait for the dealer to announce the point.

Place a $6 bet on the 6 and a $6 bet on the 8.

Wait for the dealer to roll.

Ask the dealer to take a chip off of each pile.

Wait for the dealer to roll.

Ask the dealer to take a chip off of each pile.

Keep your bet on the table until the dealer rolls a 7.

So far as betting strategies go, this one is solid. Though individual numbers like 7 are more likely to come up than others like 1 or 12, each combination is just as likely as any other. Two 1’s is just as likely as a 4 and 5, or a 3 and 6. There are 10 combinations that make a 6 or 8, and only 6 combinations that make a 7, so it’s more likely than not that this strategy will win. It still may not be a winner over time. It seems obvious that if a 7 just came up, it may be a while before it comes up again, but that just isn’t true. It’s just as likely the 7 will come late into the strategy when there are only 2 chips on the table as in the beginning when there is a fresh $12 on the line. There’s no delaying the inevitable. The 7 may strike at any moment.

2. Three Point Molly

Place a Pass Line bet with single or double odds.

Place a Come Line wager with single or double odds.

Hang on tight and collect the winnings until a 7 comes up.

Always replace the Come Bet after winning.

With both bets in place, there are no wrong answers. Except for the numbers that don’t count, of course. There are less wrong answers, that’s for sure. Unfortunately, the extra bet security doesn’t pay. The cost of the extra chips does not make up for the probability of getting a win from the other rolls. It is better just to stick with the single most probable bet instead of going for the mix and match.

3. Anything but Seven

Wait for the dealer to announce the point.

Bet $6 each on the 5, 6, and 8. Bet $3 on the Field.

Wait for the dealer to roll 3 times.

Take all your bets away before the fourth roll.

Because there are chips scattered across the board, money is trickling in every turn. Maybe not quite enough money to make up for the expensive $21 invested, but still a lot. Having the board covered with bets may feel safe, but it’s actually the opposite. Money may be coming in almost every time, but this number of bets is expensive to maintain and it’s difficult to realize exactly how quickly it’s slipping away.

Try these methods out today at Silver Oak Casino

Tipping at the Casino

Posted by & filed under blackjack, casino, Craps, slots.

 

live-dealer

Tipping the dealer is always optional, a matter of personal choice. Most players who tip will save their money for when they hit a winning streak, or when they make a big win, since losing money to a tip on a losing streak just adds insult to injury. There are different approaches to tipping as well. It can be more fun to place a bet in the dealer’s name, but giving chips directly to the dealer is also an option, if done right. Tipping is best done every hour or so, starting early on in the first hour. The exact technique depends on the game, but it’s always an option to simply set chips on the table and say they’re for the dealer to have.

  1. Craps

Tipping the dealer during a craps game can be a very good idea. The game is speedy and active, and the dealers are there to help players keep track of their bets and make sure they stay in the game. A tip shows appreciation for all the help the dealers give, and might ensnare some special attention from the dealer. The most popular craps tip is done by placing a $10 bet on one of the hard combinations and saying it “goes both ways.” This means that the player and the dealer will split the winnings. The most helpful bet for the dealer, though, it is to place a bet on the pass line and say it’s “for the boys.”

  1. Blackjack

The most elegant way to tip the dealer in a blackjack game is to set a smaller bet on top of the original and say the dealer is “riding on my coattails.” The better the player does, the bigger the tip. Tipping the dealer in blackjack doesn’t usually turn out to be as helpful as with craps, but it’s still a nice and giving thing to do. After all, most dealers are taking home minimum wage.

  1. The Slots

Every time a player hits a big win, the machine freezes up and a staff member arrives to deliver the prize in person. This is the perfect opportunity to leave a tip: about 1% of the earnings is normal. A slot machine tip is entirely optional, and a wheel of fortune tip is downright unheard of.

  1. Drinks

Not everyone tips the server when it comes to free drinks, but it hurts the server when they don’t. Every time a cocktail waitress, steward, waitress, or what have you orders a drink and the customer disappears, the tax falls on them to pay. What’s more, a tip of $1 per drink is a great way to ensure fantastic service, especially if that tip is paid in advance.

6 Reasons Why Craps is the Most Fun Game to Play

Posted by & filed under Craps.

Craps_601x1. The Crowd

Craps is not the same played alone. In a game of craps, the players set their chips down together, hold their breath together, and celebrate together. Win or lose, everyone is in it together. Even if they never see each other again, there is a sense of companionship that stems from placing chips together on the same bet. Enter any casino and the energy emanates from the craps tables

2. Letting the Chips Loose

Setting down one blue chip just isn’t enough. There is no feeling like watching the dice land around a huge pile of chips, waiting with bated breath for the point to be rolled. The larger prize isn’t too bad, either.

3. The Switch-Up

After spending several rolls almost unable to breathe, watching the dice as they hit the table over and over and feeling a growing dread that the 7 is coming, it’s hard to remember that a 7 is good news at the start of a round. The best buzz comes from realizing you have won right after thinking you have lost.

4. Getting Greedy

After hearing “hard 6” and “hard 8” over and over, all the while waiting for a number that refuses to come up, it’s easy to be tempted into placing bets on the far side of the table. It may take a few tries. Actually, it takes a lot of tries, but maybe, just maybe, your hard die roll will be called.

5. Tricking the System

One great thing about craps is the overwhelming number of options. There are many different places on the board to place the chips, and each one works a little differently. One of the great puzzles is trying to figure out which spot or combination of spots is able to bring victory. There are lots of different possibilities to try, some of which aren’t even clearly marked on the board.

6. Equal Footing

Craps is not stressful in the way that some card games are, which demand quick thinking and a thick mask. Poker demands a constant serious attitude, and each other person at the table is the enemy. To win, gamblers must trick their friends and strangers alike, and take the chips away from the people around them. With craps, everyone wins together. It doesn’t take discipline or fortitude. The support of all of the other gamblers at the table is enough to help anyone play.

The Best and Worst Casino Game Odds

Posted by & filed under blackjack, bonus rounds, casino, Craps, Entertainment, Roulette, slots.

craps

The fun in gambling has never been in the statistics. If you enjoy gambling and have found a way to keep it balanced, whether it’s blackjack or slots or anything in between, don’t let the numbers tell you off. The statistics are just that: the odds set up to ensure the money moves from the players to the house. If you still want to keep reading, here are the facts.

The Best:

Roulette

By betting exclusively on either reds or blacks, players secure an almost 50/50 chance of winning. That means that for every time they win a game, they lose another. American Roulette tables have two green squares, however, meaning the odds are just slightly worse than one in two.

The main problem with playing Roulette this way is that it can be slow and tedious. The odds of having a specific number rolled are slim, but a 36 to 1 win is far more exciting than continuously breaking even.

Blackjack

Unlike Poker, Blackjack has a fairly simple set of rules, and the only person players need to worry about is the dealer. Most players will win at least 4 in 10 games, but not even counting cards will bring the odds of winning above 50%.

Craps

Normally, playing craps results in fairly poor odds, but there is a way to break even. This is done by layering bets. When players places multiple bets on the same number, (up to 10 is allowed), the dealer awards winning based on the exact odds of that win occurring. If a gambler places ten times odds on one number and plays for an eternity, they will walk out with the same amount they started with. Any other setup, and they will lose in the long run.

I recommend learning craps here. You can do so for free and learn the ins and outs and test every option.

The Worst:

Slots

Slot machines and Wheel of Fortune provide many things: flashing lights, buzzing noises, and the cheerful clatter of spinning dials. What they do not provide is any decent chance of winning. The absolute worst odds come from penny slots. For devoted slot machine users, the best odds come from the maximum bet on the most expensive slots, but winning is most likely not on the menu.

Keno

If it’s even possible, there is a way to gamble which promises to waste even more money than slot machines. The name of the game is keno. Instead of winning one and losing one, for every game a gambler wins, they will lose more than two. If anyone is getting rich playing this game, it’s the dealer.

There you have it, the best and worst odds for casino gambling. The short version of the story is, is if you play, play for fun.