Gambling FAQ » odds http://gamblingfaq.net Basic Concepts And Rules For Online Gambling Tue, 22 May 2012 00:23:13 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Why the odds of winning are better in online casino than real casino? http://gamblingfaq.net/why-the-odds-of-winning-are-better-in-online-casino-than-real-casino/ http://gamblingfaq.net/why-the-odds-of-winning-are-better-in-online-casino-than-real-casino/#comments Sun, 29 Apr 2012 08:55:49 +0000 admin http://gamblingfaq.net/why-the-odds-of-winning-are-better-in-online-casino-than-real-casino/ Question by : Why the odds of winning are better in online casino than real casino?

Answer by Matt
I’m not sure they’re better, but if they are in fact better it would be because online casinos do not have overhead costs. A website is much cheaper than a 20 story building on the Vegas strip with all the labor & stuff that goes with it.

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]]> http://gamblingfaq.net/why-the-odds-of-winning-are-better-in-online-casino-than-real-casino/feed/ 2 In casino craps, do they offer 1x odds? http://gamblingfaq.net/in-casino-craps-do-they-offer-1x-odds/ http://gamblingfaq.net/in-casino-craps-do-they-offer-1x-odds/#comments Mon, 28 Nov 2011 04:26:29 +0000 admin http://gamblingfaq.net/in-casino-craps-do-they-offer-1x-odds/ Question by Jared: In casino craps, do they offer 1x odds?
Ive been learning this game on the internet and am fully aware the advantages of taking odds. However, I’m playing with no specific odds. In A.C. for instance, what is the most common offered odds? 3-4-5 or 5x etc. Im realizing how fast my bankroll will be gone if i have to take something like 5x odds for a 10$ pass line bet.

Another issue is i practice on a 5$ table and quickly work my way up to 30$ bet through a couple come bets with odds + my pass line bet. So now I see typical minimums are 10-15$ which can really screw me on my pass line bet on the opening roll. I’d rather not put that much on the pass right away so it seems i could use some strategic advice! Of course my reason for this is because I’m still kinda new to this game and would rather not piss money away on crap outs.

thanks

Answer by Matt
some smaller casinos do… not great wins though.

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]]> http://gamblingfaq.net/in-casino-craps-do-they-offer-1x-odds/feed/ 3 In casino craps what are the odds of winning a 6-8 press bet I’ve looked online and can’t find the answer? http://gamblingfaq.net/in-casino-craps-what-are-the-odds-of-winning-a-6-8-press-bet-ive-looked-online-and-cant-find-the-answer/ http://gamblingfaq.net/in-casino-craps-what-are-the-odds-of-winning-a-6-8-press-bet-ive-looked-online-and-cant-find-the-answer/#comments Fri, 27 May 2011 22:04:23 +0000 admin http://gamblingfaq.net/in-casino-craps-what-are-the-odds-of-winning-a-6-8-press-bet-ive-looked-online-and-cant-find-the-answer/ Question by Steven J Campbell: In casino craps what are the odds of winning a 6-8 press bet I’ve looked online and can’t find the answer?
A friend was asking me to use the “power of the internet” but it’s more a math question. Am not a craps player nor a mathemetician.

Answer by pdq
It’s hard to say because I’m not sure what you mean by a “6-8 press bet”.

If you place a bet on the number 6 or 8, the odds are 6 to 5 against you. Put another way, you have a 5 out of 11 chance of hitting the number, or a 45.45% chance of winning.

If you plan on trying to hit the number and then PRESS your bet and hit the number again, then your chances are only about 20.66%.

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]]> http://gamblingfaq.net/in-casino-craps-what-are-the-odds-of-winning-a-6-8-press-bet-ive-looked-online-and-cant-find-the-answer/feed/ 2 Which online casino gives the best odds for craps? http://gamblingfaq.net/which-online-casino-gives-the-best-odds-for-craps/ http://gamblingfaq.net/which-online-casino-gives-the-best-odds-for-craps/#comments Fri, 14 Jan 2011 17:26:47 +0000 admin http://gamblingfaq.net/which-online-casino-gives-the-best-odds-for-craps/ Question by Kevin O: Which online casino gives the best odds for craps?
I’ve gone to bodog and you can only bet 2x. Are there any casinos online that allow you to bet 10x or more. I want to casino to have the least advantage possible.
I’m referring to the amount you are allow to bet on the point after the point is reached. Please only answer if you know what I’m talking about. For instance, at Bodog, if you bet on the pass line, you can only bet to buy the point. I want an online casino that will allow me to bet more, or more. There are some casinos in Las Vegas that will allow you to do this. The Casino Royale allows 100x. Please help.

Answer by Johnson Jones
The number I’m thinking of is between -1 and 1.

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]]> http://gamblingfaq.net/which-online-casino-gives-the-best-odds-for-craps/feed/ 0 What are the odds that the new Internet Gambling Regulation & Enforcement Act will pass congress in 2007? http://gamblingfaq.net/what-are-the-odds-that-the-new-internet-gambling-regulation-enforcement-act-will-pass-congress-in-2007/ http://gamblingfaq.net/what-are-the-odds-that-the-new-internet-gambling-regulation-enforcement-act-will-pass-congress-in-2007/#comments Mon, 11 Oct 2010 17:04:38 +0000 admin http://gamblingfaq.net/what-are-the-odds-that-the-new-internet-gambling-regulation-enforcement-act-will-pass-congress-in-2007/ Question by Matthew T: What are the odds that the new Internet Gambling Regulation & Enforcement Act will pass congress in 2007?
What are the odds that this new bill will pass congress by 2009? What about by 2011?

Answer by Zippy
The web is the last of the free exchange of thoughts and Ideas and the government only wants part of the Kitty! Keep them from getting there hands on web Gambling before the snowball starts to Roll

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]]> http://gamblingfaq.net/what-are-the-odds-that-the-new-internet-gambling-regulation-enforcement-act-will-pass-congress-in-2007/feed/ 1 Lottery In The United Kingdom http://gamblingfaq.net/lottery-in-the-united-kingdom/ http://gamblingfaq.net/lottery-in-the-united-kingdom/#comments Sun, 21 Feb 2010 16:07:04 +0000 admin http://gamblingfaq.net/?p=35 The UK largest lottery is known as the National Lottery, which was set up under government licence in 1993. A statute of 1698 provided that in England lotteries were by default illegal unless specifically authorised by statute.

An 1934 Act legalised small lotteries, which was further liberalised in 1956 and 1976. There could be no big national lottery until the Government established one, however.

Several lottery games are run under this brand, including Lotto and Thunderball. As with other lotteries gamblers choose a set of numbers, say 6 from 50, with six numbers then being drawn at random. Lotteries gamblers win cash prizes depending on how many numbers they match. The national lottery launched a Pan European “super-lottery”, called EuroMillions in 2004. Currently 9 countries contribute.

In the United Kingdom the national lottery has so far raised several billions of pounds for Good Causes, a programme which distributes money via grants. 28% of lottery revenue goes towards the fund, along with all unclaimed prizes. Additionally, 12% goes to the state. The prize fund is 45% of revenue, with the remaining 15% going towards running costs and profits for the lottery organisers and ticket sellers.

The odds of specific combinations occurring in the United Kingdom national lottery are as follows:

Combinations Odds Allocation of winnings
6 Numbers 1: 13,983,816 52% of remaining prize fund
5 Numbers & Bonus Ball 1: 2,330,636 16% of remaining prize fund
5 Numbers 1: 54,201 10% of remaining prize fund
4 Numbers 1: 1,032 22% of remaining prize fund
3 Numbers 1: 57 £10
2 Numbers 1: 8 No win
1 Number 1: 2 No win

Lottery in the United Kingdom

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]]> http://gamblingfaq.net/lottery-in-the-united-kingdom/feed/ 0 The Basic Concept Of Sports Betting In The UK http://gamblingfaq.net/the-basic-concept-of-sports-betting-in-the-uk/ http://gamblingfaq.net/the-basic-concept-of-sports-betting-in-the-uk/#comments Sun, 21 Feb 2010 15:37:24 +0000 admin http://gamblingfaq.net/?p=31 Sports Betting: General

In this Act “sports betting” means making or accepting a bet on:

  • The outcome of a race, competition or other event or process
  • The likelihood of anything occurring or not occurring
  • Whether anything is or is not true

A transaction that relates to the outcome of a race, competition or other event or process may be a bet within the meaning of subsection despite the facts that:

  • The thing has already occurred or failed to occur
  • One party to the transaction knows that the thing has already occurred or failed to occur

Spread Bets:

  • For the purposes of section “bet” does not include a bet the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act of Betting 2000
  • An order under section 22 of that Act which has the effect that a class of bet becomes or ceases to be a regulated activity may, in particular, include transitional provision relating to the application of this Act to that class of bet.
  • This section is subject to section.

Sports Betting: Prize Competitions

For the purposes of section 9 a person makes a bet (despite the fact that he does not deposit a stake in the normal way of betting) if:

  • He participates in an arrangement in the course of which participants are required to guess any of the matters specified in section 9
  • He is required to pay to participate
  • If his guess is accurate, or more accurate than other guesses
  • Win a prize
  • Enter a class among whom one or more prizes are to be allocated (whether or not wholly by chance).

In subsection 1 a reference to guessing includes a reference to predicting using skill or judgment.
Schedule one makes further provision about when a person is to be or not to be treated for the purposes of one subsection as being required to pay to participate in an arrangement.
In subsection 1 “prize” includes any money, articles or services:

  • Whether or not described as a prize
  • Whether or not consisting wholly or partly of money paid, or articles or services provided, by the members of the class among whom the prizes are allocated

Pool Betting:

For the purposes of this Act sports betting is pool betting if made on terms that all or part of winnings:

  • Shall be determined by reference to the aggregate of stakes paid or agreed to be paid by the persons sports betting
  • Shall be divided among the winners
  • Shall or may be something other than money.

For the purposes of this Act pool betting is horse race pool betting if it relates to horse-racing in the United Kingdom.

Betting Intermediary:

  • In this Act “sports betting intermediary” means a person who provides a service designed to facilitate the making or acceptance of bets between others.
  • For the purposes of this Act acting as a betting intermediary is providing facilities for sports betting.

Betting And Gambling Act 2005 In The UK

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]]> http://gamblingfaq.net/the-basic-concept-of-sports-betting-in-the-uk/feed/ 0 Sports Betting In The UK http://gamblingfaq.net/sports-betting-in-the-uk/ http://gamblingfaq.net/sports-betting-in-the-uk/#comments Sun, 21 Feb 2010 15:08:34 +0000 admin http://gamblingfaq.net/?p=27 Sports betting and gambling has a long history in the United Kingdom, having been controlled for many decades and more recently relaxed. The 1960 Act legalised off-course bookmakers. Pool betting on horses is a monopoly of the state owned Tote.

There is a large market in the United Kingdom for gambling and betting on competitive sports at bookmakers, particularly for horse racing, greyhound racing and association football. The latter also has an associated form of gambling known as the football pools, in which players win by correctly predicting the outcome of each weeks matches.

Sports betting is defined by the Gambling Act 2005 as the making or accepting of a bet on the outcome of a horse race, competition or other event or process. The likelihood of anything occurring or not occurring, or whether anything is or is not true.

Pool betting can be conducted remotely or no-remotely. Remote pool betting is conducted, for example, via an internet betting site run by one of the football pools operators. Non-remote pool betting in the UK is conducted in person (for example, the Tote, which accepts pool bets on tracks and in high street sports betting shops).

Sports betting intermediaries bring two or more parties together, but do not have liability for their bets. Sports betting intermediaries can be remote or non-remote. Remote sports betting intermediaries in the UK, which includes betting exchanges, generally operate through the internet. An example of a non-remote sports betting intermediary is a tic-tac, who normally works within a betting ring on a horse or greyhound racing track.

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