Wednesday, October 8, 2008

The Beauty of Odds Bets

Odds bets have a unique quality among them that puts them apart from all the other bets in a casino. Even combined with the obligatory pass line bets, they can offer nearly fair odds. We're talking a house edge of .61%, and that's conservative. If a casino allows odds up to 100x (rare, I know, but it does happen) you're looking at .02% or what professionals compare to a coin toss. Odds bets pay fair odds and only have ANY house edge due to the 1.41% house edge that comes along as baggage with your pass line bet. I'm definitely going to be putting this knowledge to use the next time i hit the tables.

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