Ask The Wizard #66
While many online casinos provide promotional bonuses, they typically prohibit wagers on games like roulette, craps, and baccarat from counting towards the wagering requirements. I'm curious about the rationale behind this restriction. They often cite the issue of low-risk betting, noting that accounts are subject to audits before any withdrawals, which seems to undermine the practice. Is this a strategy to prevent players from engaging with games that offer nearly even odds? It feels a bit unjust to limit newcomers to a casino from participating in such popular games after they've been enticed by a bonus.
Additionally, you previously mentioned that to avoid being categorized as an abuser, players should wager significantly more than the minimum requirement to withdraw their bonuses. In my opinion, if a casino sets a minimum wager that must be met, then that's what players should be required to fulfill. If someone manages to wager eight times the bonus without any losses, they should certainly be entitled to cash out without being labeled as a bonus abuser! I appreciate your insights, Wizard.
This rule was established because, prior to its introduction, some players would make equal bets on red and black in roulette or on the pass and don’t pass options in craps. This tactic allowed them to claim bonuses while minimizing their risk. To combat this practice, the casinos added this regulation. online casinos Casino on Net permits players to engage in any game but retains the authority to deny bonus eligibility if players place opposing bets, which appears to be a more sensible policy.
You're completely correct in asserting that casinos ought to honor bonuses even if players wager the exact minimum requirement and not a dollar more. Unfortunately, many online casino operators believe they can alter their own rules at will. For example, two years ago, Golden Palace locked out players they deemed insufficient in terms of free play, including myself. After a lengthy review process, some accounts were reinstated, but others had their funds seized and donated to charity, despite following all regulations. This highlights the lack of credible oversight in online gambling, emphasizing the importance of appearances. Therefore, I advise players to avoid even the slightest hint that they are solely interested in securing a bonus and to engage in extra gameplay.
After examining your information on house edge in craps, I find myself perplexed by the differing calculations related to the Place 5 or 9 versus the Buy 5 or 9 bets. I'm struggling to comprehend how the house edge can be higher for the Buy 5 or 9, especially since it offers a larger payout than the Place 5 or 9 bet. For instance, placing a $100 bet on Place 5 or 9 yields a return of $140, while a $100 Buy 5 or 9 pays out $150 less a $5 commission, totaling $145. The Place 5 or 9 carries a house edge of 4.00%, while the Buy 5 or 9 has a 4.76% edge. How is it that the profit margin is less favorable on the Buy 5 or 9 despite its superior returns and identical betting nature? Thank you for addressing this issue.
It seems you've overlooked the fact that the 5% commission is deducted upfront and is non-refundable upon winning, (with some exceptions for Buy 4 or 10 bets at certain casinos). Thus, a $100 Place 5 bet will return $100 plus $100 multiplied by (7/5), equaling $240 if it wins. Conversely, with a $100 Buy 5 bet, the 5% commission reduces it to $95.24. If this bet wins, the player receives $95.24 plus $95.24 multiplied by (3/2), totaling $238.10. Consequently, the Place 5 bet yields an additional $1.90.
My colleague D. is confident that he has found a method to win consistently at Roulette. I'm skeptical. Is it merely a case of luck, or is there a viable strategy?
He's simply fortunate. As I've pointed out countless times, no betting system can maintain consistent success over time.
Considering that a $2.50 blackjack yields an extra 25 cents with a payout of $4, and since a blackjack occurs approximately every 22 hands, I was curious if it would be feasible to slowly gain an advantage by consistently betting $2.50 at a $1 table?
In reality, a blackjack comes up more frequently, roughly once every 21 hands. Specifically, in a six-deck setup, the odds of a blackjack are calculated as 2 times (4/13) times (24/311), resulting in about 0.047489. An additional quarter earned this often translates to 0.25 multiplied by 0.047489, equating to approximately 0.011872. When divided by the $2.50 bet, it adds 0.004749 to the expected value for the player. Most games with a dealer standing on a soft 17 or using one or two decks typically have a house edge lower than this. Thus, yes, there could be a slight advantage. Assuming we take six decks and the dealer stands on a soft 17, a player's expected profit per hour, calculated over 100 hands, would be around 16 cents.
I like to use your blackjack appendix 3 I’m aiming to optimize my gameplay in online single deck blackjack, and I've noticed you've made some updates on this topic in December, including new strategies in the two-card section. I'm struggling to grasp why hitting on a 10 & 2 against a 4, especially against a 6, is advised, given the dealer's high bust probability. Moreover, is it truly justifiable to hit these against a 6 but not against a 5? I'd value any clarification you can provide. Is it possible that the key factor is the dealer possibly having an Ace hidden when showing a 6? That seems reasonable. Are these adjustments recent, and if so, what prompted the changes?
Yes, I've indeed made some revisions to the two-card strategy list. I removed the recommendation for a 9+3 against a 3 and included the guidance to hit on a 10+2 against a 6. In a single-deck game where the dealer stands on soft 17, the expected value of hitting in this scenario is -0.159436, whereas standing results in -0.160379. Thus, hitting is statistically the better option. I prefer to avoid overly simplistic responses regarding basic strategies, as the outcomes can vary based on how the cards unfold. The dealer's likelihood of busting is higher when showing a 6. However, as you mentioned, a dealer is also more prone to achieve a 17 when showing a 6 than when showing a 5. Achieving a 17 isn’t an impressive hand and prompts players to hit in an attempt to surpass it.
In Three Card Poker, which bet provides better value: the Pairplus or the Ante & Play?
I explored this very question for an assignment in my casino mathematics class at UNLV. While the house edge on Ante & Play is generally steeper, it tends to be the more favorable wager overall. This is because it carries a lower risk ratio when comparing expected losses to the total amount wagered.