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Advantage Plays
First of all, this is NOT a "get rich quick"
scheme. It's also not a "gambling system" like you see advertised for
sale all over. I'm not selling this, I'm giving it away for free.
I picked up this information over the years in books
(I've read a lot of them), online, and through word-of-mouth. As you might
expect, I'm giving you the short version, a summary.
There are times in many casinos where the player
has an advantage, provided you know how to play them properly. I'll
separate this into "Advantage Situations" and "Advantage Games".
Player Advantage Situations
Definition: A time when the player has an
advantage, sometimes only for one bet. The specific game being played is
often of no consequence.
1. Freerolls, Free Tournaments, etc.
Any time a casino offers you a chance at winning something with no entry fee
that's a good wager to take. It doesn't matter if it's slots,
blackjack, or even Keno. If you pay zero entry fee, and there's a chance
at a prize it may be worth checking it out.
This is also sometimes true of tournaments with an
entry fee, if the prize pool paid out is equal to the sum of all the entry fees,
or when enough value is added from meals, drinks, room, etc.
One exception may be if you really hate playing the
game in question and would get no fun from it, even with an advantage
Another exception is if your advantage is so small,
or your probability of winning so remote, that you would do better at an
advantage game that you normally play.
2. Crap table. If you don't play
Craps, you might want to skip over this.
So, you're playing
craps, and someone is betting the dark side. You notice they are calling
bets off when the roll is a 6 or an 8. They are giving up a 6 to 5
advantage! It's one of the dumbest things a person can do in a casino, but
if they want to do it you can profit from it.
Say that person is betting a green chip on the
Don't. What you want to do is buy that bet from them when the roll is a 6
or 8. That way YOU now have a 6 to 5 (1.2 to 1) advantage over the casino!
Here's how you do it...
Say to them, "Hey buddy, I've noticed that you call
off the 6 and 8. The horoscope for today said those were MY lucky numbers.
Next time you have a 6 or 8, do you mind if I buy that bet from you?". They'll almost always agree,
cause all they want is their green chip back. They don't care if it comes
from you or the casino. And you've got yourself a great bet! When
the 7 rolls you win!
3. Bonus Chips. These are
non-negotiable chips that you obtain from the casino as an incentive to play.
Usually they are for first time players club members. One well known
promotion of this type is at the Sahara on the Las Vegas Strip. As a new
players club member you get a "Fun Book" that has a coupon inside for $50 in
non-negotiable chips for $40. So have a 5/4 advantage over the casino on
even money bets. I'd take them to the crap table, and put the
whole $50 on the pass line! You might also visit the Roulette wheel and
put it on Black. If you prefer, bet $10 at a time in stead of the whole
$50.
4. Free Play. Similar to #3, but
in this case the casino has sent you a promotional mailing, offering you free
slot play. Depending on your level of play you might receive $5 to $500+.
Typically we get between $10 and $200 ourselves. While you're playing on
their money you have an advantage.
5. Match Play Coupons. Just like
bonus chips and free play, match play coupons are free money from the casino. The catch is that you have to play it
along with your own money before you can walk out with it. There are many
sources for these coupons. Casino "fun books" given out at the slot club,
the American Casino Guide,
Las Vegas Advisor, and others. Most are $5 to
$25 and may be used on even money bets only.
Imagine that you place a $10 bet at Blackjack, then you put
a Match Play coupon down with it. You now have a $20 bet! If you
win that hand they're going to pay you $20. So in effect you're betting
$10 to win $20, and I'd do that all day long if they'd let me!
How long does your advantage last?
Regarding items 3 through 5, some people would argue
that you have an advantage (mathematically) for a specific period of time, often
many hours. This is based on the long term statistical payback for the
machine (or table game) that you're playing. The topic requires a very long discussion, so I'll
only mention it here and let you do your own research.
The proponents say that your advantage starts with
the first play, and extends even after you lose the casino's money, until you
have played long enough for your theoretical loss to equal the amount of the
free play. Although the math seems to work, I believe that it's dangerous
to think of things in this way, especially if it causes you to exceed your
normal level of play (i.e. exceed your loss limit).
Player Advantage Games
The last section talked about specific times when
you have the advantage over the casino, if only for one bet. In this
section, we're talking about having a long term advantage over the casino.
Often, this is a slight advantage, but a slight advantage is all that it takes
over the long run.
1. Video Poker. When you
consider the amount of advantage possible, and the effort required to exploit it, the most
logical choice for an advantage game is Video Poker.
Video poker is a unique game, because you can tell
exactly what the programmed payout is by simply reading and interpreting the
machine's paytable. For example, a Full Pay Deuces Wild (FPDW) machine has a long
term payout of 100.7% with basic strategy play. Perfect strategy gets you
another .07% making it a 100.77% machine. Add comps, cashback, and
freeplay to this, and you're looking at a substantial advantage play.
But wait a minute you say, a 100.7% payback sounds
too good to be true. How can the casino stay in business and pay out like
that? Good thinking on your part, but consider this; the vast majority of
gamblers don't play anywhere close to correct strategy. Played
incorrectly, a FPDW machine is probably worse than playing Wheel of Fortune!
What does it take to do well at Video Poker?
Three things, knowledge, practice, and patience. You have to know the pay
back schedules, you have to practice basic strategy play, and you have to be
patient to see the results in the long run. You don't need special
aptitude, you don't have to do math, and you don't have to cheat. It's
just a matter of memorizing strategy and doing it.
Many books have been written on this subject.
There's also lots of information on the web, and several good training programs
for your computer. You can also buy, or print out, strategy cards that
tell you exactly how to play any hand. You can carry these strategy cards
with you to the casino, and refer to them when playing.
2. Live Poker. This is not
actually gambling, poker is a game of skill. Playing live poker,
you're not competing against the casino, but against the other players. Texas Hold'em has exploded in popularity and there are a lot of weak players in every
poker room in the country. If you're a good player, you can really clean
up. However, becoming a good player isn't as easy as you may think, and
some people just don't have the aptitude for it. So even though this
IS a potential money maker, it doesn't qualify as an "advantage play" for the
average person.
3. Blackjack. Most everyone has
heard about card counting. Many casinos have blackjack games with
conditions that create an advantage for a good card counter.
Counting accurately can give you an advantage up to 1.5% (equivalent to 101.5%
payback). Some expert counters, against a single deck game with the right
conditions, can get a 2% advantage. On the other hand, the typical
advantage that normal, accurate counters enjoy on a multi-deck game is less than
1%.
Learning to count blackjack is difficult. It
requires aptitude, dedication, and concentration. Then, after you learn to
count, you need to be able to do it in front of the casino staff without them
knowing that you're doing it. This itself is a stumbling block to
otherwise excellent counters. Team play can greatly improve the odds, and
help overcome some of these problems, but that's a whole different story.
Also remember, the casino can kick you out if they think you're counting, and
that's no fun at all!
4. Sports Betting. As with live
poker this is a game of skill. There are
professional sports betters who make a good living. They live, sleep, eat, and
breath sports betting. They don't just know sports, they know the sports
book system. Becoming a great sport bettor is like becoming a great stock
trader, and few achieve greatness.
5. Craps. Bring this subject up
in a group of serious gamblers and you'll get several different opinions and
maybe a lively argument. Craps is one game where the casino has only a
small advantage, in some cases under 1%. Some people claim that by
arranging the dice in a particular way, and throwing them so they will land and
roll without turning sideways, they can have a small influence on the outcome of
the roll and therefore influence the success of their bets. They say,
correctly, that the casino's advantage is so small they would only need to
successfully influence the dice once in many rolls for their strategy to work.
This is known by several names, "controlled rolling", "precision shooting",
"dice setting", etc.
Is this "real" or folly? I can only give you
my opinion, and my personal experience. Short story, I've seen it done and
it's real. The longer story is to ask; what does it take to achieve this
level of dice control? And, can the average person do it? I've read the books,
joined the web forums, and attended the classes where I received instruction.
I personally don't have the skill required. However, as I said, I've seen
it done.
My bottom line assessment. Have you ever seen
Tiger Woods do tricks with the golf ball? He'll bounce the ball in the air
20 times off a
wedge, then hit it in the air, and put it on the green. He can
also drive the ball about 350 yards with accuracy. Can you do either of
these feats? How much practice would it take? How much skill? I rest my
case. For further research visit
http://www.dicesetter.com/
In conclusion
For the typical
gambler, your logical choice of advantage games is Video Poker. It's
the one game where any average person can, with study and practice, become good
enough to have a small edge over the house.
If you enjoy slots or video poker already then it's
a natural for you. If you really don't enjoy it you'll need to
find games that you do enjoy, with only a slight casino advantage.
Gambling
101 addresses this. And don't forget comps! they enter the picture
as well.
So you want to learn Video Poker? Here's a
recommended study list:
-
http://wizardofodds.com/videopoker This is a good starting place on
the web for VP and most other games
-
Frugal Video Poker - book and software by Jean
Scott. HIGHLY recommended. If you buy only one VP resource this is the one
to get. http://queenofcomps.com/
-
Bob Dancer Presents
WinPoker version 6.0 (training
software for your computer)
-
vpFREE is a Yahoo group, and one of the best sources
of free video poker information on the web. I link to their database for
all my state by state casino reviews in this web site.
http://groups.yahoo.com/group/vpFREE/
-
http://www.advantageplayer.com/videopoker/index.html Advantage Player
web site, a great general resource for advantage play of all kinds
-
http://www.vpinsider.com/ This is a pay site, but has some good free
stuff too. I was a paying member for several years. If you get
serious about VP it's probably a good investment for at least one year.
-
I mentioned comps above. They help offset your
losses, and can turn a slight disadvantage into a break even situation. If you
want to all about comps, and other ways to get the most out of a casino, then
read two books by Jean Scott.
The Frugal Gambler, and
More Frugal
Gambling.
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