“Odds bet in craps” is one of the best bets in all of gambling. You can place it after the “pass” or “don’t pass” bets. It has no house edge.
The only trap is that you can only bet it on a bet that has an edge. But alone, this bet is the best you can find.
Don’t fall for betting systems
Most betting systems are complete rubbish. Some of them, like Martigale, can actually be detrimental to your gambling money because they will require you to make bigger and bigger bets. In the entire history of mankind and gambling, no man or computer has found a way to beat the casinos with betting systems.
Don’t let the crooks talk you into buying their “latest”, “confidential” betting system. You can see them everywhere on the internet and they are always, 100% of the time, scams.
Take your time and think through every bet. One of the advantages of online gambling is that you don’t have to worry about being rushed by other people. It’s just you and your computer. So take your time, make the best choice possible and enjoy the moment. There’s no need to recklessly play bet after bet.
Learn to play craps online
Craps is a bit intimidating for new players – especially in physical casinos. There are lots of players, an incomprehensible language and a myriad of betting options. It’s much easier to learn the game online. You don’t even have to play for real money. Simply download the casino browser, select the “play money” option and start playing dice.
Don’t bet on a tie in baccarat
Baccarat is a great low-odds game, apart from when the draw comes. A draw bet has a house edge of around 14%. In contrast, the banker’s and player’s bets have an edge of only 1.06% and 1.24% respectively.
Recognise and consider the “tilt”
You may have the best player’s mind in the world, but it won’t matter if you let your emotions control your game. “Tilt is an immortal and powerful corruptor of money spent on gambling. Learn how to recognise when you are getting angry, frustrated or desperate while you are playing.
If you feel any of these negative emotions, it’s time to step back and do something else for a while. The problem with “tilt” is that it will almost always lead you to bad decisions. You will always feel tempted to bet bigger, make new investments and risk more money than you ever wanted to before. Playing while desperate or angry is like causing a disaster.
Don’t fall for the player’s fallacy
The easiest way to explain the gambler’s or Monte Carlo fallacy is to give an example. Let’s say you flip a coin ten times and, somehow, it lands ten times in a row on a coat of arms. If you torture yourself with these fallacies, you will believe that the coin will definitely fall on the coat of arms for the 11th time. In fact, there is just as much chance that the 11th time the coin will land on the dial. It started with a 50% probability and it will continue with exactly the same probability.
It may not seem so serious using the coin example, but even smart people fall into this trap all the time in casinos. They see a slot machine that hasn’t landed on a win in a while and believe that it is “destined” to land every day. They see a period where only black is falling in roulette and decide to bet on red, because red is “supposed” to fall soon.
Always remember that every bet you make is completely independent and random from your other bets. What happened in the past is not at all related to what will happen in the future. Avoid the temptation to make big bets if it is based on this common but misleading belief.
Try a spin tournament sometime
Do you like to spin, but not how quickly it takes your money? If so, you should try online tournaments sometime. You have to pay one amount and then you compete against other players with chips that don’t cost anything. The player with the highest score at the end wins the prize money.
Cutting tournaments saves you money. You don’t have as many chances to win money, but you can play, use a little strategy and try to win money while risking only the original play amount.