Odds Bet House

Odds Bet House

• First/Initial Bet - The odds for the initial bet are 1:1. Thats the bet that you make at the beginning before any cards are dealt out.
• Raise Bet - If you win on the 'raise bet' the winnings are determined on the spread (gap in between the highest and lowest) of the cards. :-
• 1 Card Spread - Pays 5:1. For example the cards drawn are 5 and 7, the 3rd card is 6.
• 2 Card Spread - Pays 4:1. For example the cards drawn are 5 and 8, the 3rd card is 6 or 7.
• 3 Card Spread - Pays 2:1. For example the cards drawn are 5 and 9, the 3rd card is 6, 7 or 8.
• 4 - 11 Card Spread - Pays 1:1. For example the cards drawn are 2 and an Ace (14), the 3rd card is anything from 3 to King (13)

If the dealer deals out two consecutive cards then the game is a push. If the dealer deals out a pair, he automaticaly deals a 3rd card, if the 3rd card is the same card again creating a 3 of a kind then the dealer is paid 11:1.

There is no such thing as a roulette strategy as it is a game of chance where the house odds are the same no matter what bet is placed. The player only has to place the bet and the croupier does the rest. The only time the house odds deviate from the norm is on the special line bet where the house odds actually increase. The only way a player can increase his chances of winning is to pick a table that has less of an edge. This can be done, as there are three varieties of roulette that can be played. So the best chance of winning is to play in Europe where the house odds are lower. In America roulette is normally played on a double zero wheel and this gives the house a 5.26% edge over the player. In Europe however the single zero wheel game is played where there is no 00 number and this lowers the house odds to a 2.7% edge, this version of the game has recently been introduced to some American casinos. If you play in some European casinos like Monte Carlo there is also the a variation of the game called 'en prison' which can lower the house edge to 1.35%. This version works by when the zero is the winning number the house doesn't claim all of the players wager instead the player is given the option of losing half their wager or waiting for the next turn an if the number comes up next time the player gets the original wager back. This explains why the game of roulette is far more popular in Europe than the United States.

The main object of betting on horses is to beat the 'Oddsmakers' or the 'Odds Compilers' and win some money. Additionally, placing a bet on your favorite event makes the race exciting and more enjoyable.

Betting is done through Sports books or Sportsbooks (US) and Bookmakers (UK) entities that accept bets. You can bet on the outcome of horse races and several sporting events.

To place a bet, you go to a sportsbook, physical or online. You could also bet over the phone with many sportsbooks. Note that a sportsbook is not the same as an oddsmaker. The sports book simply accepts sports bets. An oddsmaker is a person who sets the betting odds.

You need to state what you are betting on by making a selection, the type of bet and the amount you are wagering. Your selection will obviously depend on the odds offered, so you will want to examine the range of odds available before you make a decision.

There are many types of bets you can place. Some sportsbooks may offer more betting varieties and combinations than others. Below is a list of the more common types of bets used in horse racing and sport events.

Straight bet or Single or Win bet. This is the simplest and most common bet. You bet on a winner at given odds. You collect only if your chosen horse is the first across the finish line.

Place. A wager for place means you collect if your selected horse finishes either first or second.

Show. The third horse across the finish line. A wager to show means you collect if your selected horse finishes either first, second or third.

Combination Bet. Combinations cover from two to four horses to win in chosen order.

Pick 3. This wager requires the player to pick the winners of three consecutive races. Some race tracks have a rolling pick 3 which is when the player must pick three races in a row and it continues for the next three races.

Pick 6. This wager requires the player to select the winner of six consecutive races prior to the first race of the pick six. Some tracks place the pick six as the first six races, the middle six races, or the last six races. Many tracks have carry over pools for the pick six that can grow to as high as a million dollars.

Quiniela or Reverse Forecast (UK) A bet placed on two horses to finish first and second in either order.

Perfecta or Exacta or Straight Forecast (UK) A bet placed on two horses but they must cross the finish line in exact chosen order.

Trifecta or Tricast or Treble Forecast (UK) A bet placed on three horses to cross the finish line in exact chosen order.

Superfecta . A bet placed on four horses to cross the finish line in exact chosen order.

Daily Double. Similar to an accumulator you select the winners of the first and second races on that day. You must place your bet before the start of the first race.

Jackpot. Pick six winners in six races to share in a Jackpot prize. The rules and prizes will vary from race track to race track.

Parlay or Accumulator. A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on. All the selections made must win for you to win the parlay. If a race is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.

Future. A bet on a future event. At the start of each season, the sportsbooks give out odds for horses to win a certain event. The odds change as the race date approaches and in most cases get shorter, but if you win you get paid at the original odds that you took. This is possibly one of the most profitable bets if you have considerable knowledge of the race that you are betting on including the jockeys, and a good sense of judgement.

Exotic Bets. Betting on unusual events. Some sports books post odds and take bets on a wide variety of other sports related events and activities. A few others will take bets on just about anything you can think of.

Proposition Bet or Prop Bet. An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.

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The winner in this competition is European Roulette, which has half the house edge of the American counterparts, and, with a certain rule in effect, that (lower) edge can be cut in half yet again. But we are not without hope, for many of the online casinos offer the European version, although the ones with the wagering options printed in French may take some getting used to. And, there are some casinos in the U.S. which offer European Roulette, but these usually have very high bet minimums. One exception to this is the Monte Carlo casino in Las Vegas, which offers European Roulette with $10 minimums during non-peak periods. The house advantage for American Roulette is 5.26%; for the European version 2.70%, and if the latter has the En Prison rule, that edge is reduced to a very respectable 1.35%. This rule allows you either to surrender half your wager, or leave it there for the next spin. (Your wager is in fact held captive) European Roulette, with En Prison is very popular in Europe with systems players, for its leisurely pace and low edge are very appealing. The American version generally moves faster, which is another drawback that compounds the penalty of the higher edge, for it compels players to react faster, to the benefit of the house. But the American versions are not beyond redemption; I just want to stress the importance of seeking out the European version when circumstances allow. Terminology of European roulette
French-style (European) Roulette, is the version played on many cruise ships, in most casinos in Europe, and in a small but growing number of gaming establishments in the United States. If you find yourself playing at one of these tables, expect to find French terms on the table layout and French words being spoken by the croupiers. French terms for roulette bets and other common expressions in this game are found below.
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This is a short list of simple to remember, and easy to follow roulette tips. The fact is, there are no roulette tips that will make you a bundle, but there are some that may keep you from losing one. Tip 1 - Never follow anybody's system. Even reputable names in the online gambling industry recommend you spread your bets around with a 'system' that makes no sense. Umm, ok let me just place the black and third column, so that if I win on one I will most likely lose the other. I'm sure they've convinced a million people to play though, because look at how few numbers could cause you to lose completely! That was sarcasm, subtle, but sarcasm. Spurious logic spouters, never listen to them. Tip 2 - Look hard for a single zero roulette wheel. This will cut the house edge much more than any other option in the game of roulette. Tip 3 - No matter how appealing a new and sexy bet might feel, never bet the five number bet, it has the worst odds on the table. Tip 4 - Search for casinos that offer the surrender rule. This will cut the house edge almost as much as a single zero roulette wheel will, but only on even-money outside bets. Tip 5 - No really, no systems. Tip 6 - Don't spend your time looking for a biased roulette wheel. Although this may have been a valid methodology a couple of decades ago, any casino worth it's chandeliers checks it's own roulette wheels for biases.
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