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Craps Gambling Strategy - The Difference Between the
Right & Wrong Bettors
If you've had a chance to read my last two strategy articles,
there's a good chance you might be expecting a showdown. Well then,
Ladies and Gentleman, without further delay I present to you now,
the Craps Bettor showdown. In the far corner, needing no
introduction and coming in at 1.414% Casinos Edge is the one, the
only, Right Bettoooooor! And in this corner, led by an infamous
reputation and coming in at a cool 1.402% Casinos Edge is the
undisputed champion of the world, the Wrong Bettooooooor!
Okay, stop. Wait a second. The undisputed champion of the world?
Just because it has little over one-hundredth of a percentage more
player advantage does not make the wrong bettor the right bettor, no
pun intended. And what's all this talk about the right bettor being
better (no pun intended again)? Wait, stop again. I'm confused. Yes,
I have successfully confused myself and can only imagine what it has
done to you.
Let's set the record straight, shall we? The difference in House
Edge between the right bettor and wrong bettor is so small, or
rather, negligible, it is not practical to choose one bet over the
other, thinking it will give you a better chance of winning. On the
same token, it isn't practical to bet right or wrong based on
whether you think the table is hot or cold, as many old-school
bettors often do.
Now, I'm not one to be a pessimistic mathematician. I'm not
pessimistic and I'm not a mathematician - But you know the type.
They will only place their bets by the numbers. No intuitive hunches
or betting by instinct. I for one think that betting on a hunch is
an impulse to follow. But basing your entire betting pattern on this
theory is impractical if you ask me.
However, I will say this. If you are incorporating optimized
strategy into your craps betting, meaning you are backing your bets
with full odds, the right bettor is less taxing on one's bankroll.
When the right bettor backs full odds, he only has to put up the
short end of the bet, which means he will get paid more compared to
how much he is putting at risk.
Although the wrong bettor has the same odds, he has to put on the
long end of the bet, thus putting more at risk for the same payout
as the right bettor. In essence, the wrong bettor has to wager more
money faster on the free odds in order to have a chance of making
the same profit as the right bettor. This is why some players advise
to primarily bet with the shooter.
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