Search results
Results from the WOW.Com Content Network
According to the 2006 study the most popular forms of gambling in South Africa were the National Lottery (96.9% participation), slot machines (27.7% participation), scratchcards (22.7% participation), charity jackpot competitions (11.6% participation) and horse racing betting (11.5% participation). 8.3% of respondents said they have never gambled and a further 5.5% characterised themselves as ...
Most casinos in South Africa are owned and operated by 3 companies, Tsogo Sun, Sun International and Peermont Global. [1] [2] ... Casino Province Owner Coordinates Ref
A bet ramp is a betting plan with a specific bet size tied to each true count value in such a way that the player wagers proportionally to the player's advantage to maximize bankroll growth. Taken to its conclusion, the Kelly criterion demands that a player not bet anything when the deck does not offer a positive expectation; "Wonging ...
The house edge, or vigorish, is defined as the casino profit expressed as a percentage of the player's original bet. (In games such as blackjack or Spanish 21, the final bet may be several times the original bet, if the player doubles and splits.) In American roulette, there are two "zeroes" (0, 00) and 36 non-zero numbers (18 red and 18 black ...
The house edge of Casino Hold'em excluding the side bet (that is, the percentage of each bet the casino will on average win, assuming perfect play on the part of the player) varies depending on the specific rules in the casino but is the most common pay tables result in a house edge varying from just below 2% to around 2.5%.
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 ...
Even money bet protects the player from a push if the dealer has a blackjack. In case the dealer does have a blackjack, the player will push on the original bet and get a 2 to 1 payout on the even money side bet. However if the dealer does not have a blackjack, the player will be paid 3 to 2 on the original bet and lose the even money bet.
In making a bet where the expected value is positive, one is said to be getting "the best of it". For example, if one were to bet $1 at 10 to 1 odds (one could win $10) on the outcome of a coin flip, one would be getting "the best of it" and should always make the bet (assuming a rational and risk-neutral attitude with linear utility curves and have no preferences implying loss aversion or the ...