What does 30 1 odds mean?

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

Which is the safest market to bet in football?

Match Odds As there are three different outcomes, the odds for this market are neither too high nor too low. This is why match odds is an excellent...

Last updated May 11, 2018

Can you win gambling with math?

Using Math For Online Casino Games Although you can use math to calculate your risk in any online casino game, some games favor math more than...

Last updated Jun 18, 2020

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.

How much gambling loss can you write off?

Limitations on loss deductions The amount of gambling losses you can deduct can never exceed the winnings you report as income. For example, if you...

Last updated Mar 8, 2021

Is there a science to sports betting?

Neuropsychological studies have shown correlations between placing wagers on sports and how the brain behaves. Hence, gamblers think they can...

Last updated Aug 18, 2018

Promotion

What is the most painful punch in boxing?

A liver shot or liver punch is a punch, kick, or knee strike to the right side of the ribcage that damages the liver. Blunt force to the liver can...

Last updated Sep 13, 2022

What is the fastest way to make money on sports betting?

5 Tips To Be a More Profitable Sports Bettor Utilize Multiple Sportsbooks to Find the Best Numbers. ... Focus on Beating Smaller Markets. ......

Last updated Dec 14, 2020

Promotion

Can a casino track you?

STATUS: They do track every player, and how they're doing, but the reasons are generally more benign than some players believe. Players have many...

Last updated Nov 25, 2022

Promotion

Did Bruce Lee ever box?

Lee was also trained in boxing, between 1956 and 1958, by Brother Edward, coach of the St. Francis Xavier's College boxing team. Lee went on to win...

Last updated Dec 7, 2020