Apr 24, · Las Vegas discussion forum - Buying 4/ Casinos that round down on the Vig?, page 1. Can you please tell me what the difference is between a casino that does not charge a vig on the 4 and 10 at a $10 rate, and a casino that charges a vig at a $20 rate? Can you please demonstrate the percentages between the two examples? If there is no vig, meaning no house edge at a $10 bet on the 4. There are two ways for the house to collect the commission (or "vig"): collecting on all bets, or collecting only on wins. When the vig is collected on all bets, or up front, you are required to pay $21 to make the $20 bet on a 4 or 10 - $20 for the bet and $1 for the vig.
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Buy bets are better on the 4 and 10 1. Outrageous Sums Slots vs. Table opens most mornings at 9 AM. We only ask for your e-mail address, never share your information, and only send you the e-newsletter every month or two. If you would like to use this article on your website, please contact Casino City Press , the exclusive web syndication outlet for the Frank Scoblete Network. The game is breakeven.
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Vigorish , or simply the vig , also known as juice , under-juice , the cut or the take , is the amount charged by a bookmaker , or bookie , for taking a bet from a gambler. In the United States, it also means the interest on a shark's loan. Bookmakers use this practice to make money on their wagers regardless of the outcome. To minimize their risk, some bookmakers do not want to have an interest in any side winning in a given sporting event.
Instead, they are interested in getting equal betting on all outcomes of the event. In this way, the bookmaker minimizes his risk and always collects a small commission from the vigorish.
For this purpose, the bookmaker will normally adjust the odds or the line. It is simplest to assume that vigorish is factored in proportionally to the true odds, although this need not be the case. A fair odds bet: Two people want to bet on opposing sides of an event with even odds. They are going to make the bet between each other without using the services of a bookmaker.
Vigorish percentage can be defined in a way independent of the outcome of the event and of bettors' behaviors by defining it as the percentage raked in a risk-free wager. This definition is the rake of the bookie as a percentage of total bets received if the bookie has balanced the wagers so that he makes equal profit regardless of the outcome of the event.
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The casino does not take any money from you. The game is breakeven. Thus, the house edge is 6. You will lose 94 cents on your bet. For your letter, I am giving you a free day subscription to my private members-only website at www. We have over 5, members on this site and I think you will enjoy it. This article is provided by the Frank Scoblete Network.
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Sorry to necro post, I saw this thread a few months back and figured I would add my experiences from Laughlin as well. I also enjoy the low table minimums and laid back atmosphere. I am 27 and usually go with my wife, but this past week we took our 3 year old as well after seeing that the Riverside has a kids day care perfect for his age.
Mar 8, Threads: March 8th, at 8: New craps player here. I have been playing craps exclusively on my last 3 trips to Laughlin. I have been gambling in Laughlin since and we now go 2x a year for about the past 5 years. I mostly play at the Edgewater, that's where we stay, Pioneer, and the Golden Nugget. I've also played at the Riverside, and Tropicana Express. Anyway, I was wondering if any of you guys can share your experience with craps in Laughlin.
Oct 19, Threads: March 9th, at 1: Its been too long since I was in Laughlin. I recall the water taxi days and the town across the river had only one traffic light and seven stop signs or something.
Back in those days the craps tables were leisurely affairs since so few played atleast there were very few the hours I was there. The Edgewater was slots and blackjack back then, not much action at the craps tables.
The Pioneer used to have one of the best web pages for an explanation of the craps layout but I think they re-did their website about six months ago and that page seems to have disappeared. Feb 27, Threads: March 9th, at 9: I have played craps in all of them at least a little, collecting souvenir chips for my collection. I stay at Harrah's when in Laughlin, and I do most of my playing there. I have had some of my best sessions and some of my worst sessions there.