How to Calculate Odds in Gambling

The odds in gambling vary from game to game, but in this guide, I hope to be able to help with some basic betting odds and strategies for baccarat, blackjack, craps, and roulette. I will also explain the basic house edge in each game, as well as the probability of dice rolls. Learning the probable outcome of dice rolls is also helpful in betting on certain games, and will help you calculate your odds as you play.

Baccarat

Baccarat is a game that seems mysterious and sophisticated but is really quite simple. To be able to understand how to calculate the odds when you play, you must understand the house always has an edge due to knowing when to draw or stand and, because of this, it is safer to bet on the banker. Betting on the player has a lower chance winning overall because there are more combinations in order for the banker bet to win, so betting on the banker has a higher chance of winning even though the total payout is higher if a player bet wins. Betting on a tie is an even worse bet because of the few outcomes that can make it possible. The odds of betting on a player decrease even more if 6 or 8 decks are used. Because of this, if only one deck is used, a bet on the player can be an acceptable risk as the house edge is lower. However, the available card combinations for a player bet to win are still fewer than betting on the banker. As a result, betting on the banker has a higher chance of winning and gives the house a lower edge.

Blackjack

Blackjack

With blackjack, the house edge is significantly lower if you know what you are doing, only 0.28%, with a deviation of 1.15% depending on how you play. Further, it is best to bet slowly in the beginning, while trying to pull ahead of other players in the second half of the game. If you have hard cards (no aces), if you only have 4 to 8, it is best to hit. If the dealer has a 2-6 as an up card, it is best to double on 9, otherwise hit. Also, with 10 or 11, double if it is allowed, otherwise hit. If you have 12-16, it is also best to hit if the dealer has a 7 to an ace, otherwise standing offers the best odds if you expect to win. With soft cards, hit if you have up to 18, except if the dealer has a 2 to 6, then double if you have 16 to 18. With 19 to 21, always stand.

Craps and Dice Roll tips

Craps and Dice Roll tips

The house edge on craps varies from roll to roll and bet to bet. Dice rolls play a large part in craps, and the most common rolls are between 5 and 9 (a total of ⅔ of all rolls are between this range), with 7 being the most likely combination of two dice. In craps, the most common bet is betting pass line. On someone else’s first roll, making a pass bet is what most people will do, as the players will win if the person throwing the dice rolls a 7 or 11. The combination of these occurring is greater than the way to lose this bet, which is if the person throwing the dice rolls a 2, 3 or 12. The odds of a pass bet are almost 50% chance of winning! The house edge on a pass bet is 1.41%, however, odds bets (side bets after the first roll and before the point is rolled) have no house edge.

Similarly, there is a don’t pass bet that is essentially betting against the roller, with a slightly lower house edge. This can be considered a better bet because of the slightly smaller house edge, but it can be seen as a hostile bet by other players, so be careful! Place bets on 6 or 8 are also popular bets due to the high roll percentage of the numbers. They also carry a low house edge (1.52%), so this makes them great options as well.

Roulette

Roulette

Roulette has more standardized house edges, with the house edge on all bets except a five number bet on 0, 00, 1, 2 and 3 being 5.26%. On that five number bet, the house edge climbs up to 7.89%. This bet is also only available in American style rules since European and French roulette style has no 00. Determining the odds on roulette bets is actually fairly simple. The larger an option of betting field (i.e. numbers total bet on to win), the larger the chance of winning. The winnings will not be as large, but these bets are solid plays with a lower house edge. Luckily, with roulette being an easier game to understand and play, figuring out the odds is an easier task than it is with the other games.

Deeannabob

Leave a Reply

Your email address will not be published. Required fields are marked *