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Betting Articles

Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
The only roulette strategy you will ever need
The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
Why I love American roulette
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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EVEN MONEY CASINO BETS

Want to know what every casino game has in common? They’re all designed to take as much money from you as possible. But that’s not all. They also give you the illusion you have a chance to win.  AND they try to keep you as happy as possible while this is going on.

It might seem hard to stay happy while losing money. But the casino industry has done an excellent job of working toward this goal. Many casino games offer even money bets. This term is misleading. No casinos offer truly even money wagers.

An even money bet is one where you have a chance to win that equals the expected return on your bet. Sounds complicated? It’s simpler than it sounds.

The best example is a coin flip. The coin has a 50% chance to land on heads and a 50% chance to land on tails. If you win the same amount that you bet when you win the coin toss, it’s an even money bet.

In even money wagers you come out even in the long run. The long run may take thousands of outcomes, but you’ll be even eventually—if you play long enough.

The rest of this page outlines the so-called even money bets in the casinos. It includes explanations of why they’re not really even money bets.

Roulette Even Money Bets

Roulette offers numerous bets that are called even money. You can bet on black or red, even or odd, or 1 – 18 or 19 – 36. These bets all pay 1 to 1, but they’re not really even money wagers. When the ball lands on the 0 or 00 you lose. This gives the advantage to the house.

The actual house edge on a wheel with only one zero is 2.7%. On a wheel with a zero and a double zero it is 5.26%.

The closest thing you can find to an even money bet on roulette is when you play on a wheel that is using the en prison rule. This is only available on some single zero wheels. If the ball lands on zero, the bet is held “in prison” until the next result. If the bet would win on the next result you get your wager back, but if it would lose on the next wager you lose it.

This still gives the house a small edge, but it’s the smallest possible edge while playing roulette.

Baccarat Even Money Bets

In baccarat, you can place a bet on the banker, the player, or on a tie. The banker and player wagers are close to even money bets, but when the two tie you lose. The tie and the commission you pay on winning banker bets make baccarat wagers not true even money bets.

The actual house edge on a banker bet in baccarat is 1.06%. On the player bet it’s 1.24%. The tie bet is well over 10% so you should never take it.

Craps Even Money Bets

Craps is the one game found in almost every casino that actually offers a true even money bet. But there’s a catch:

You’re forced to make a bet that is not even money before you can place the even money wager. This still creates a slight edge for the casino.

The pass bet has a house edge of around 1.4%. The don’t pass offers a house edge of around 1.35%.

After the pass line wager is resolved you have the opportunity to place what is called an odds bet. The amount of the odds bet varies but offers a true even money bet. Some casinos accept up to 100 times the amount of your previous pass line bet on an odds wager.

An odds bet is a wager that the point will be rolled again before a seven is rolled. The odds bet pays two to one if the point is a 4 or a 10, three to two on a point of 5 or 9, and six to five on a point of 6 or 8. These are the exact odds that they will be rolled, creating a true even money bet.

The odds bets on craps are usually the best bets in the casino. Counting cards at blackjack or playing poker at a winning level are better, but those are advantage play techniques.

Want to reduce the house edge as much as possible? Bet the maximum amount on the odds every time you can.

Other Even Money Games

While they aren’t exactly even money on each hand, blackjack and certain video poker games offer house edges of around a half percent or less. This is only accomplished with proper strategy and the best rules, but many players look at them as basically even money games.

This can especially be true if you’re receiving comps for your play. You might be able to earn enough in comps to make up for your losses while playing a low house edge game.

Conclusion

Many casino games offer wagers that are close to even money. But they all still have a small house edge. You’d be better off finding someone to bet with on the flip of a coin than playing casino games. But if you must play make sure you do everything you can to reduce the house edge as much as possible.

Playing at the lowest house edge gives you the best chance to win any individual gaming session. It also helps extend your bankroll. The more you can extend your bankroll the longer you can play.