No one goes to the casino to lose money. Everyone is hoping to come away from the game rich, while the casino is hoping to swindle you out as much money as possible. So to help you out, I did a little research for you. So keep in mind that most of the time the casino has what is called a house edge. You want to play games where the casino has the lowest house edge. With this in mind stay away from slot machines, Wheel of Fortune, Roulette, Keno, and Caribbean Stud Poker. Theses games can have house edge of 10% or more!!!!
An example of house edge is not playing by "true odd." Lets say you want to roll a 3 on a six-sided die. With "true odds" you could roll a 3 1/6 of the time so you would get 5 times your original wager. But in casinos they may only pay you 3 or 4 times your wager.
Let's talk about Craps. Craps is a casino games where the shooter (the one who rolls the die) is trying to roll a 7 or 11 on the come out roll. If the shooter rolls a 7 or 11 then all those who bet for the shooter win. This is a bet on the Pass Line. If he rolls a 2, 3, or 12 then those who bet against the shooter or on the Don't Pass Line win. If the shooter roll any other number than it is called a point and then the shooter must roll again to get the same point number before he rolls a 7 or 11.
Odds: On Come Out roll odds lean toward the Pass line bets because there are more ways to get 7 or 11 then 2,3, or 12.
Once the point has been established the odds are now in favor of the Don't Pass line bets because the many ways to get a 7 or 11 against the shooter.
1+6=7
2+5=7
3+4=7
5+6=11
vs.
1+1=2
1+2=3
Roll 1: 2/9 vs. 1/9
P(sum to 7)= 6/36=1/6
P(sum to 11)=2/36=2/18
P(sum to 7 or 11)= 8/36=2/9
P(sum to 2, 3 or 11)= 4/36= 1/9
http://www.newsnet5.com/money/consumer/dont-waste-your-money/before-you-go-gambling-the-best-and-worst-casino-game-odds
http://www.mrprobability.com/
http://mathcentral.uregina.ca/beyond/articles/Gambling/Odds.html
http://www.casinogamblingstrategy.org/probability/
An example of house edge is not playing by "true odd." Lets say you want to roll a 3 on a six-sided die. With "true odds" you could roll a 3 1/6 of the time so you would get 5 times your original wager. But in casinos they may only pay you 3 or 4 times your wager.
Let's talk about Craps. Craps is a casino games where the shooter (the one who rolls the die) is trying to roll a 7 or 11 on the come out roll. If the shooter rolls a 7 or 11 then all those who bet for the shooter win. This is a bet on the Pass Line. If he rolls a 2, 3, or 12 then those who bet against the shooter or on the Don't Pass Line win. If the shooter roll any other number than it is called a point and then the shooter must roll again to get the same point number before he rolls a 7 or 11.
Odds: On Come Out roll odds lean toward the Pass line bets because there are more ways to get 7 or 11 then 2,3, or 12.
Once the point has been established the odds are now in favor of the Don't Pass line bets because the many ways to get a 7 or 11 against the shooter.
1+6=7
2+5=7
3+4=7
5+6=11
vs.
1+1=2
1+2=3
Roll 1: 2/9 vs. 1/9
P(sum to 7)= 6/36=1/6
P(sum to 11)=2/36=2/18
P(sum to 7 or 11)= 8/36=2/9
P(sum to 2, 3 or 11)= 4/36= 1/9
http://www.newsnet5.com/money/consumer/dont-waste-your-money/before-you-go-gambling-the-best-and-worst-casino-game-odds
http://www.mrprobability.com/
http://mathcentral.uregina.ca/beyond/articles/Gambling/Odds.html
http://www.casinogamblingstrategy.org/probability/