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  2. Craps - Wikipedia

    en.wikipedia.org/wiki/Craps

    Same true odds, better payout if the player places the 6/8 ... $1 would receive 7:1 payout on craps minus $1 for the bet on 11 so the total profit would be $6. If an ...

  3. Glossary of craps terms - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_craps_terms

    A roll of 7 when the point is On. All bets on Pass, Pass Odds, Come, Come Odds, Place bets, Buy bets, hard ways and any single roll bets not for a seven loses. All bets on Don't Pass, Don't Pass Odds, Don't Come, Don't Come Odds, Lay bets and any single roll bets for a seven wins. snake eyes A roll of 2 Steven A player who leans over the table ...

  4. Vigorish - Wikipedia

    en.wikipedia.org/wiki/Vigorish

    Under proportional vigorish, a "fair odds" betting line of 2.00/2.00 [b] without vigorish would decrease the payouts of all outcomes equally, perhaps to 1.95/1.95, once it was added. More commonly though, disproportional vigorish will be applied as part of the efforts to keep the amounts wagered balanced, such as 1. 90 /2.00, making the outcome ...

  5. Sic bo - Wikipedia

    en.wikipedia.org/wiki/Sic_bo

    Sic bo is one of two casino games involving dice, the other being craps. Sic bo is strictly a game of immediate chance because every roll on the dice results a win or loss on any bet. In craps, some bets require a certain pattern of successive rolls before they can become winning or losing bets.

  6. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    This leaves a remaining amount of $881.51. This remaining amount in the pool is now distributed to those who wagered on Outcome 4: $881.51 / $110.00 = 8.01 ≈ $8 payout per $1 wagered. This payout includes the $1 wagered plus an additional $7 profit. Thus, the odds on Outcome 4 are 7-to-1 (or, expressed as decimal odds, 8.01).

  7. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    E.g. £100 each-way fivefold accumulator with winners at Evens ( 1 ⁄ 4 odds a place), 11-8 ( 1 ⁄ 5 odds), 5-4 ( 1 ⁄ 4 odds), 1-2 (all up to win) and 3-1 ( 1 ⁄ 5 odds); total staked = £200 Note: 'All up to win' means there are insufficient participants in the event for place odds to be given (e.g. 4 or fewer runners in a horse race).

  8. 44 Times Casino Workers Saw Something Crazy Or Just Very Sad

    www.aol.com/lifestyle/44-casino-workers-share...

    The odds were pretty poor, but he saw an opportunity to gain a few more quid, it was a sure thing, right? Except the opposing team scored 4 goals in the last 10 mins plus injury time and won 3-4 ...

  9. Even money - Wikipedia

    en.wikipedia.org/wiki/Even_money

    In professional gambling, even money bets typically do not have odds that are indeed 50–50. Therefore, successful gamblers have to examine any bets they make in light of the odds really being even money. [1] For example, in roulette, betting on red or black is an even money bet. However, the presence of the green 0 and the 00 means that ...