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What does 30 to 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

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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.

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What is cash vs cash out?

Your “cash in” represents the revenue and other income flowing into your business right now. Your “cash out” represents the expenses and payments you're making right now. Your “cash on hand” shows how much money you have available to use in the bank.

revenued.com - Manage Cash In and Cash Out - Revenued

Cash In, Cash Out and Cash On Hand

Your cash flow is the overall term for how money moves into, through and out of your business. It’s related to the actual money you have right now, rather than how much is promised (through invoices and accounts receivable) or owed (through bills and accounts payable). Because cash flow is so important to your business’ financial health, we’ve covered various aspects of it in-depth: Your “cash in” represents the revenue and other income flowing into your business right now. Your “cash out” represents the expenses and payments you’re making right now. Your “cash on hand” shows how much money you have available to use in the bank. Good cash flow management is about maximizing and speeding up your cash in while minimizing and slowing down your cash out to keep a healthy amount of cash on hand.

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