How does 30 to 1 odds pay?

It's common for machine games to pay odds-for-1 because the game has already taken your bet before the roll takes place. On a table that pays 30-1, if you win your bet on 12, you keep your 1-unit bet and get 30 units in winnings, for a total of 31.

tunicatravel.com - Gaming Odds Explained: 30 To 1 vs. 31 For 1 - Tunica

What are the 7 types of goals?

All right, now that you know how to set goals, it's time to think about the seven types of goals you need to set. Spiritual Goals. ... Financial...

Last updated Feb 6, 2021

Does a 3 pair exist?

Hands in poker are typically constructed with 5 cards, so making 3 sets of pairs (6 cards) is technically impossible. Despite this, the term “three...

Last updated Nov 18, 2019

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

Gaming Odds Explained: 30 To 1 vs. 31 For 1

By John Grochowski on Thursday March 22, 2018

A craps player wrote to me recently to say he’d found an automated game that looked like it had better odds than he found at table games. “Instead of 30-1 on 2 or 12, it pays 31-1 and instead of 15-1 on 3 or 11 it pays 16-1,” he wrote. “Hardways pay 10-1 and 8-1 instead of 9-1 and 7-1.” I told him he needed to check the machine again. It was likely the machine was paying odds-for-1 instead of odds-to-1, and that the payoffs he was seeing were just normal returns expressed in a different way. It’s common for machine games to pay odds-for-1 because the game has already taken your bet before the roll takes place. On a table that pays 30-1, if you win your bet on 12, you keep your 1-unit bet and get 30 units in winnings, for a total of 31. On a machine that pays 31-for-1, the machine keeps your bet when you make it, but pays 31 units on a win — still a total of 31 on your side after a win. So 31-for-1 is the same as 30-to-1, 16-for-1 is the same as 15-to-1, 10-for-1 is the same as 9-to-1, and so on.

What if the game really was paying 31-1 on 12, and not 31-for-1?

With the standard 30-1 you’d get at most craps tables, bets on 2, 12 or hard hop bets give the house a 13.89 percent edge. If the payoff is 31-1, the edge drops only to 11.11 percent. True odds are 35-1, so there’s a long way to go from 30-1 before these become viable bets.

What about the hardway payoffs the reader described?

When your payoff is 9-1 on hard 6 or 8, the house edge is 9.09 percent, and when you’re paid 7-1 on hard 4 or 10, the house edge is 11.1 percent. If the pays were increased to 10-1 and 8-1. they’d match the true odds of winning these bets. The house edge would be zero. That reinforces the likelihood the game is paying in odds-for-1. Any time the odds paid on a machine version of a table game look higher than the table version, check to see if the payoffs are for-1.

Is doubling your bet after every loss?

The Martingale system is commonly compared to betting in a casino with the hopes of breaking even. When a gambler who uses this method experiences...

Last updated Jul 24, 2021

How do you say 15 15 in tennis?

When one player wins a point, they move up to 15-0 (“15-Love” – as spoken by the umpire, with the server's score always being stated first). If the...

Last updated Dec 16, 2018

Promotion

Is a signing bonus given immediately?

Most of the time, a signing bonus is paid shortly after signing on with the company. That may be right after signing the formal paperwork, or along...

Last updated Oct 26, 2021

What does over 8.5 goals mean?

The Over/Under line in this game is 8.5 runs. This means that if both teams score 9 or more combined runs the result counts as Over. If less than 9...

Last updated Aug 21, 2019

Promotion

Which card is powerful in card game?

The Ace of Spades The Ace of Spades (also known as the Spadille and Death Card) is traditionally the highest and most valued card in the deck of...

Last updated Mar 19, 2019

Promotion

Who wins in a push bet?

In sports betting, a push is the result of a tie between the bettor and the sportsbook. The bettor is refunded their money, and doesn't lose any...

Last updated Jun 24, 2021