Friday, February 27, 2009 at 08:00AM 
I am going to apply, Tim, the Woody Hayes axiom of football to this gambling question: There are three things that can happen when you throw the ball, and two are negative; an incompletion or an interception. The same holds true when taking 100X odds on a solitary wager. You could lose, and simultaneously, get wiped out, all in one throw of the dice.
Sunday, December 28, 2008 at 06:29PM by: Mark Pilarski (adapted)
The famous "7" bet in Craps is actually considered a sucker bet by many. In every game bet quality can change from one position to another and sometimes inches can be significant percentages. In the casino, bet quality is rated in terms of the house edge, which represents the long term average percentage of the money you bet that the casino keeps. The greater the house's edge the more of our hard earned money they keep.
The magnificent payoffs of the "7" are a direct result of the house's very high advantage and represents the worst wager you can make on a craps table. This one roll proposition has a house edge of 16.7% while a pass line wager has a casino advantage of 1.41%!
casino strategy, craps, craps strategy in Craps, Gambling Strategy
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