Roulette Odds – A Crusade Against High House Edge

Roulette is quite an interesting game. In fact, it is among the most followed games in gambling casinos. There is a reason behind it. Unlike other games, Roulette is largely marked by luck and you do not need much talent for fathoming the game. Well! This also means that the house has a larger edge in this game (games of greater luck quotient generally provide the gambling houses with a higher edge).

Today, we have beautifully ushered into the domain of online gambling. Online casinos hold various games and among them Blackjack, Backgammon, Poker, Roulette and Flush are the most followed. There is something about the Roulette which simply separates it from others. Perhaps, Roulette Wheel is symbolic of the wheel of fortune and this attracts people towards it.

Single Zero European Roulette Tables have 37 digits. Double Zero Roulette tables have 38 digits. This includes two zeroes. Obviously, the American Roulette or the double zero tables offer a more difficult probability of winning money. In Roulette, players have to put money on a number and they get exponential returns on picking the correct number.

While placing the roulette bets, you shall know about the roulette odds and house edge. If you put your bet on all the even numbers on an American roulette then your chances of winning or the winning probability will be 47.37 percent and the house edge will be 5.26 percent. Let’s explain- American roulette has 2 zeroes. This means that it has 18 even numbers among 38 numbers. So chances of the ball falling on the even numbers is (18×100)/ 38 or 47.37 percent.

This means that the house edge is 100- (47.37+47.37) or 5.26 percent. This is a huge house edge which cannot be discounted. European roulette is better for players. While placing a similar bet on them, your winning probability will be (18×100) /37 or 48.65. House edge is cut down to 2.7 percent. That’s nearly half the house edge in comparison to what the US roulette sucks from us.

Different theories have been formulated by players and mathematical theorists over the ages. A few believe in the theory of sticking to the same number till it finally hits. Even if you get lucky after 30 odd attempts, you will be making money. It is found out that this theory does not overcome the house edge and misreads the risk of ruin.

Another theory suggests exponential (Martingale) betting. This means that you shall bet 1 unit, 2 units, 4 units, 8 units, 16 units and so on till you finally win. On winning, you will be able to wash off previous losses and will still have something to show. While this is a smart thought yet it would need quite a fortune to keep playing exponentially after 20 continuous defeats. A simple calculation shows that you will have to play 517288 units on your 20th bet if you continue playing in this method. So if your 1 unit bet was 10 USD, 20th bet shall be more than 5 million USD; any Warren Buffet or Richard Branson here? Even if you had that money, no casino would accept the bet.

Prediction of Sudden Gains and Unexpected Prosperity in Astrology

In today’s world, most of the people wish to earn a lot of wealth and prosperity in their life, for fulfilment of their desires. Sometimes they choose risky steps to gain sudden benefits and prosperity.

Lottery, shares, gambling, speculation are risky methods employed for sudden gains.While hidden treasures and unexpected inheritance also accounts for sudden prosperity and richness of the native.

Factors responsible for sudden and expected gains in astrology

· 2nd house: income, inflow of finances, Self earned wealth, worldly possessions

· 4th house: comforts, parental inheritance, assets, land, vehicles

· 5th house: sudden gain, lottery, gambling, speculations etc.

· 7th house: business travels

·8th house: shares, hidden transactions, other people’s money, dowry of wife, gain from in laws, finances through unfair means, inheritance

·9th house: easy gains, fate

· 11th house: accumulated wealth, fluctuating money gains

· Sun: sudden gains from royal or govt. sources.

· Moon: gains from liquid or glazy types of things, gains from abroad.

· Mars: Sudden prosperity from engineering, publications, police, landed properties agriculture, accounts, investment in medicines

· Mercury: sudden gains from intellects or creative nature of mankind

· Jupiter: gains from saints or bank men, rules banking shares, money, gold and other precious saleable items like diamonds and precious gems

· Venus: sudden gains from music, cinema, vehicles medicines, literary activities, scented items

· Saturn: Sudden money

· Rahu: trigger the unexpected events in the life, sudden gains from evil sources, fluctuating gains

Different combinations for sudden prosperity

· Sudden and unexpected gains are noticed whenever 2nd, 7th and 11th lords posited in ascendant and aspected by Jupiter.

· For gains in lotteries, speculations or for any sudden unexpected gains 2nd, 5th, 8th, 11th houses and their lords should be interrelated. Well-placed and well-aspected

· For financial status and gains, ascendant, 2nd, 9th and 11th houses and their lords should be considered.

· Strength of 5th house and 5th lord connected with the above is required for gains in gambling, speculation, races, lotteries, contracts, etc.

· Strength of 8th house and 8th lord connected with the above is required for gain in dowry, inheritance, wills, adoption, awards, prizes, secret wealth etc.

· Consideration of 4th, 7th and 10th houses is needed to judge the source and type of gains.

· Inauspicious houses and planets placed in them are consider for gains and accumulation in life (3/6/10/11th are inauspicious houses).

Different modes responsible for sudden gain in life:

Lottery and Gambling

· Strength of 5th house /lord is the important significator of gains in lotteries and gambling.

· The other significator houses for lottery gains and gambling are 2nd, 6th, 8th and 11th.

· Moon is posited in 5th house and aspected by Venus, indicates sudden gain from lottery.

· The 6th house/lord has an important role in gambling. If the 6th and 11th lords are together occupying 11th house, the native wins in lottery and gambling. The combination of the strong 6th and 11th lords is always good for gambling and lottery.

· The 6th and 9th lords combine in 11th house, the native owns enormous money through lottery or gambling.

· Favorable combination of Saturn and Rahu favors gambling especially in indoor games.

· The lords of 6th and 11th and Saturn are in the 11th house, the native wins in dice game or cards through underhand tricks and by puzzling or mesmerizing his opponents.

· Mercury being 5th lord occupying 6th house causes loss in speculations. If the 5th lord Venus is in the 12th house with 6th lord the native will lose in gambling being addicted to the same. If there are many malefic planets placed in 12th house the native should not invest money in gambling or lottery as he will always lose.

· The Lords of 5th and 2nd house exchange places.

· Mercury in 11th house in own sign conjoined with 6th lord.

· Mars, Venus, Saturn and Rahu conjoined in Virgo.

· All planets occupying 2th/6th/8th/12th signs.

· The lord of 5th and 11th conjoined in 5th house with a node [Rahu/Ketu].

· 2nd and 11th lords conjoining in 5th with benefice aspects

· Jupiter alone in 5th or 8th in exaltation or own house is able to give sudden, unexpected gains.

· The Ascendant /5th/8th/11th lords placed in the same houses.

· The 5th and 8th lords exchange signs, and the lord of ascendant is in good aspect with either of the two.

· 2nd lord in the 5th, 5th lord in 11th, 11th lord in 2nd house (or 2nd/5th/11th lords conjoined in 2nd).

· The lords of 5th and 11th houses exchange houses.

· The lords of ascendant, 2nd and 5th are related or conjoined.

· The lords of ascendant, 5th and 9th conjoined.

· The Ascendant is strong and 2/5/8/11th lords in exaltation.

· The benefices planets occupy 5th and 8th houses.

Underground or hidden treasures beneath or buried in the soil

· Lord of ascendant is placed in 2nd house, Lord of 2nd is placed in 11th house and lord of 11th is posited in ascendant, the native will get sudden enormous hidden treasures in his life.

· Lords of 2nd and 4th are posited in 9th house, with a benefice.

· Lords of 11th and 2nd placed in 4th house, with a benefice.

· Lord of 11th is placed in 4th house, combines with a benefice.

Shares and speculations

· The Moon, Mercury and 6th lord in 11th house indicates money through share market.

· Lords of 6th and 11th combine in 12th house indicates loss in speculation.

· Ascendant’s lord, Moon, Sun and are being in benefic aspects

· The Moon-Mars combine in 2nd, 5th, 8th or 11th house.

· The Jupiter in 2nd, the Mercury in 5th and the Moon in 11th house respectively.

Unexpected inheritance

· The Moon, 4th /2nd/5th houses/lords are related, indicates sudden inheritance from mother.

· Lords of 2nd and 4th combine in ascendant indicates sudden gain from mother.

· The lords of 2nd and 8th lords are related, gives unexpected gains.

· Leo ascendant with 12th lord in 8th house gives the formation of Vipareeta Raja yoga which results in unexpected enormous wealth gain.

BY

GEETA JHA [SPIRITUAL HEALER]

INDIA

Casino, Sports Betting, and Lottery – A Comparison of the House Edge

The house edge, which is the commission that a gambling agent such as a

casino, a sportsbook (bookmaker), or a lottery administrator charges, is a

yardstick that measures how a specific gambling game is fair and reasonable.

It is one of the most important factors that every player should consider whenever he/she is engaged in any type of gambling, inasmuch as it indicates how much of the money wagered goes to the gambling agent’s pocket and how much is redistributed to the winners. Indeed, a house edge cannot be zero since casinos, sportsbooks, and lottery administrators have to make some money in order to cover their expenses, and to make some profit as well. Yet, a high house edge simply means that the players are unnecessarily being ripped-off, and as a result, any gambling game with a high house edge should certainly be avoided by a

knowledgeable gambler.

In this article, we shall compare, in the simplest way

possible, the house edges of a roulette, an evens-odd betting, and a Cash 3

lottery game as representatives of the three major gambling categories.

The Equation

The easiest way to compute a house edge is to compare the actual winnings that are

paid by the respective agents to the winnings that would be paid in a

fair game or bet. A fair game or a fair bet is one in which no commission

is involved; an obvious model is a game between friends. Therefore, in

percentage form, the house edge is obtained by subtracting an actual game winning

from a fair game winning and dividing the result by the fair game winning,

finally multiplying by 100. Thus,

House Edge = [ (fair game winning – actual game winning) / fair game winning ] *

100

Roulette

Because of its simplicity and popularity, we shall consider the roulette as a

representative casino game. A European roulette wheel has grooves marked by the

numbers 0 to 36; the American wheel (also called Las Vegas wheel) has an

additional groove marked as ’00’. So, the European wheel has a total of 37

numbers, while the American wheel has 38. Internet casinos usually make available

the option to select the type of wheel the customer prefers, but the brick and

mortar casinos normally offer only one type. The winning number in a roulette

game is the number corresponding to the groove where a spinning ball lands.

Now, consider a fair game in which 38 friends are playing the roulette at home,

and each one selects a number and places a $1 bet on the number (no two or more

players wagering on the same number). When the ball is spun and lands in a

groove, the number marking that groove will be the winning number.

The person who has selected this winning number collects all the money on the

table thus making him win $37. On the other hand, if the game were conducted in

a casino, the winner would be paid only $35. The difference between the two

winnings applied in the above equation gives us the house edge of a roulette game

as

( 37 – 35 ) / 37 * 100 = 2 / 37 * 100 = 5.4%

This means that every time you spend a $100 on an offline or online casino roulette, $5.40 goes to the casino and the rest is redistributed to the winners. Evidently, there are quite a number of casino games and the house edge varies

from game to game, many of them having a house edge less than that of the

roulette. For obvious reasons, a good gambler always prefers games that have low house

edges, while the casino itself loves those games with high house edges. For example,

the house edge of craps is 1.4% which makes it one of the most preferred casino

games by the players.

Even-odds Sports Betting

Again, because of its simplicity, we shall consider an even-odds betting as a

representative of this category of gambling. By even-odds we mean that the event

(usually a sports game) has equal chances of going either way. An example is a

tennis match between two competitive players each of which has an equal chance

of winning the match.

A fair bet, in this case, is just a simple bet between two friends who just

pick one of the tennis player as winner. If these two friends wager $1 each, the

winner will collect $2, thus winning $1. If instead the bets are placed

through a sportsbook, the winner will collect only $1.91, since the odds of an

evens game at most bookies and online sportsbooks is 1.91. If you are not familiar with the

decimal representation of odds, 1.91 is the same as 10/11 in UK notation and

-110 in US odds notation. Odds of 10/11 mean that you’ll win $10 when you wager $11; and odds of -110 mean that you have to wager $110 in order

to win $100. Anyway, since the winnings paid by a sportsbook is only $0.91, the house

edge of an even-odds betting
will therefore be

( 1 – 0.91 ) / 1 * 100 = 0.09 * 100 = 9%

So, this is how sportsbooks make a living. Since several internet sportsbooks offer odds higher than 1.91 in order to lure

bettors, the house edge could be smaller than 9%, which is one of the things that the bettor should be looking for when searching for a sportsbook. On the other hand, if the bettor is

wagering on parlays the house edge would be significantly higher than 9%; for

big parlays, it could go as high as 40%.

It should be apparent by now that the gambler is better off with casino games

than sports betting. It should also be noted that while the house edge could

be a major factor to consider while selecting a gambling game, it is by no means

the only one. For instance, one should consider the fact that casino games are

mostly games of chance, while sports betting also involves a learned decision in

selecting a pick, consequently leading to a higher probability of winning a bet.

Cash 3

Depending on the state you are in, this lottery game may be known by a

different name such as Pick 3, Play 3, Daily 3, etc. In this game, the player

selects a three-digit number from 000 to 999, and plays the number as a straight

or as a box. A straight play is a prediction that the number will come exactly

as selected while a box is a prediction for the number to come in any order. For

instance, if a player selects the number 672 and plays it straight, he/she will

win if the number drawn is exactly 672. Instead, if the player plays 672 as a

box, he/she will win as long as the drawn number contains a 6, a 7 and a 2, in

any order (276, for example). Obviously, a straight game pays much more

than a box game for the same amount wagered.

Now consider 1000 friends (maybe in a club) selecting a number as a straight,

each for $1, so that all the 1000 possible numbers are covered. When the winning

number is drawn, the person who has selected that lucky number will be deemed a

winner and will cash in all the $1000 collected, so making him win $999. This is

a fair game. In the case of state lotteries, however, the winner will be paid

only $500 in most states. Some states may pay a little bit less, others may pay

a little bit more, but $500 is more or less the standard. The winner therefore

wins $499. The house edge for a Cash 3 game will therefore be

( 999 – 499 ) / 999 * 100 = 500 / 999 * 100 = 50%

This house edge applies not only to the Cash 3 game but also to all state

lottery games such as Play 4, Cash 5, Mega, Fantasy 5, Lotto, Power Ball, etc.

So, whenever you are playing the state lottery, remember that you are wagering

only half of your money on the actual lottery; the other half, you are

just giving it away. Where this other half goes is not the gambler’s concern,

since his/her main objective is to win some money in order to pay the ever

present bills, or to get out of a miserable life, or to change his/her

20-year-old car. As regards contributing to education and other noble causes,

there are other means of collecting money called taxes and charities.

Unfortunately, many states do not allow casino games, and furthermore,

sports betting is illegal in the United States. The player is therefore left

with no choice but to cross state borders in search of a casino, or more

recently, to engage in online sports betting through the several offshore

internet sportsbooks. Nowadays, there is a plethora of trustworthy online

casinos and sportsbooks operating from Canada, the UK, Antigua, Costa Rica, and

so on.

The Conclusion

As far as the house edge is concerned, it has been shown that casino games

are the best choice for the gambler. On the other end, any state lottery is a

pretty miserable game to play. Nevertheless, besides the house edge, there is

also the possibility of winning to consider.

Casino games, like lotteries are mostly games of chance; the player just

selects a number or numbers and waits to see what luck brings him/her. There is

absolutely no basis to prefer one number to others. Some people try to analyze

previously drawn numbers in order to see the trend and predict the next numbers.

This strategy may work a few times, but not always. Keep in mind that it is the

players, and not the machines, who remember the previous numbers. In short, the

possibility of winning a roulette or the lottery entirely depends on luck.

While there is little or nothing that a roulette or a lotto player can do to

initially select a possible winning number, the situation could be quite

different in the case of betting. With a lot of information and some assistance from

sports handicappers, it is possible to predict the outcome of a sports event

with more certainty than predicting a Cash 3 number.

Cordish Plans to Open Temporary Gambling House In the Garage Early Next Year

David Cordish, the developer of the upcoming largest casino in Maryland said that they have a plan to install 2000 slot machines on the ground floor to run their casino business on a temporary basis. The projected time for the opening of the temporary casino is late 2011.

Joe Weinberg, director of development for the Baltimore-based Cordish Cos told the state’s Video Lottery Facility Location Commission, “To expedite the project, we looked at a lot of different options”. “We’ve been using the word temporary, but this is really a phasing in of the permanent project.”

Though the temporary casino would contain only half of the total proposed slot machines, it would still be the largest gambling house of Maryland. The services that will be provided at the garage parlor will be of high standard.

Cordish Cos. has a plan to construct the building in two phases. The first level is the garage which will hold half of the authorized 4750 slot machines and include a bar and a buffet.

But the more anticipating features like Cheesecake Factory, a Rams Head-brand live music venue and a Bobby Flay restaurant will be available in the final building. The garage will be opened for parking vehicles after the second phase of construction is finished. The estimated time for the construction to be finished is one year after the completion of first phase.

Some people wanted Cordish to build a temporary tent-like facility as they did so in the time of constructing Indiana Live! Casino. But the slot commission said that same plan might not be successful here at Maryland. That’s why they wanted to present the customers with a permanent structure rather than a tent-like short term gambling house.

Rick Abbruzzese, a spokesman for Gov. Martin O’Malley, also sounded upbeat about the Cordish proposal.

The application of the Cordish’s permanent casino is under process and expected to be approved by early next year but they have not submitted the application for their short term garage casino.

Some changes might come in the plan of the Maryland Live! Casino. The initial plan was to build a casino of 200000 square feet area consisting of a six-story garage with 4000 parking spaces.

Commissioner Linda Read asked the number of workers needed during the construction process of the first phase.

The country council approved the zone for casino a year ago and fifty six percent country voters approved the referendum on November 02, 2010. But before approval people who were against the casino did a petition.