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Discover everything you need to know about the game of craps to turn yourself from novice to expert in a flash. This is the most comprehensive craps book ever written and the only book that gives you everything you need to know to get a real edge at this popular casino game - including the secrets behind the revolutionary 'Golden Touch' dice control technique. Beyond the physical aspect of throwing dice, this indispensable volume will also teach you the mental side of the game, helping you to develop the discipline needed to beat the house. "Casino Craps" also comes with a free instructional DVD featuring unedited footage of controlled shots from four of the world's best players, allowing you to see how theory can be turned into reality."Frank Scoblete is an icon in this industry. His expertise is without question and his gambling advice is solid, no-nonsense info." ... Catherine Jaeger, Managing Editor, Midwest Gaming & Travel magazine"Frank Scoblete is an expert when it comes to the do's and don'ts of casino games. He knows what he is talking about and he explains it in a way everyone can understand."... Lori Beth Sussman, Editor, Jackpot magazine"Best-selling author Frank Scoblete will tell you the games as they really are and how to beat them. His books will teach you without confusing you so that you have the confidence to take on the casinos." ...Alan Reyes, publisher, Gaming South magazine |
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In just the past few years, the equity markets have been transformed into a high-speed casino that’s a pure crapshoot: a white-knuckle rollercoaster ride that has left individual investors legitimately terrified of equities. The Flash Crash of May 6, 2010–when the DJIA plummeted 734 points in 17 minutes, and dozens of top companies traded as low as zero–was just a harbinger of disasters to come. In Crap Shoot Investing, Barron’s Washington Editor Jim McTague reveals the twin causes of this massive transformation: high-frequency traders using mathematical hocus pocus, and blundering regulators whose attempts to promote long-term investment have massively backfired. McTague takes you through the Flash Crash moment by moment, revealing what happened and how it happened. Next, he burrows “under the volcano” to uncover the titanic, uncontrolled forces now at work in equity markets, showing investors exactly what they’re jumping into when they buy and sell stock today. You’ll learn how new exchanges, desperate for cash, are attracting high-frequency traders at everyone else’s expense⦠how “dark pools” of hidden trades are tilting the playing fieldâ¦how even small investors are promoting dangerous volatility. McTague explains why regulators continue to ignore the big picture as the markets accelerate towards chaos. Last but not least, he presents a rational strategy for investors who need to get ahead in markets that have become riskier than most casinos. |
Craps is the fast-moving, action-filled game that is so often identified with high rollers. As you may know, “high roller” is the name given to big-money players. Many of these $ 100-chip bettors walk into a craps game with a credit line ranging from $5,000 to $100,000.
The great thing about playing casino craps is that the $2 or $5 bettor stands right alongside the high roller and shares the fun and excitement of the game in the same manner In many cases, the player starting out with $50 in chips and making small bets may walk away from the table with anywhere from $500 to $1,500 in profits, while the high roller may still be writing markers trying to recoup his losses.
That scenario can apply to you and your own $50 casino bankroll if you pay close attention to this chapter and practice what you
learn. Although you may walk up to a craps table and become befuddled by all the action going on, craps is really quite simple to learn. The game, incidentally, is always called craps: You shoot craps, youÂ’re a craps shooter, and, ironically, if you roll craps you lose!
The Roll of the Dice
Craps is a dice game played with dice. It is a game of chance! There is no skill in shooting craps. Each time the dice are rolled, the probabilities of any set of numbers coming out are always exactly the same.
That is your first lesson. The paragraph above cannot be disputed. So don’t fight it—believe it. If a shooter makes a 7 on his first roll, and another 7 on the next roll, there is no reason to say he can’t win on the third roll. The chance of rolling a 7 on any given roll is exactly six chances in 36. Significantly, the 7 comes up, or rather has a chance of coming up, on any roll more than any other number , there are only eleven different numbers (pairings) that can be rolled.while there is lust one way to roll a 2, and only one way to roll a 12, there are two ways to make a 3 or 11, three ways for a 4 and 10, four ways to roll a 5 or 9, five ways for a 6 and 8, and six ways to make a 7.
This clearly shows the math of casino craps. While each roll of the dice can produce any of those eleven numbers, and although the probabilities are clearly stated, it is also true that the number 12 could come up on two consecutive rolls. If you bet a $5 chip on 12 and it came up on that roll, you would receive $150 as your casino payoff. If you let that amount ride—that is, bet the $150 on 12 for the next roll—and it repeated as stated above, you would receive the whopping sum of $4,500.
By the same token, betting on the 12 at the casino craps is something we strongly suggest not doing.
Nicolas S. Casino content writer for Casino in sweden and Casino Portal in germany.
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There are four major ways to place a bet: at the 'boards' or 'rails' at a racecourse, on the Tote, at a high street bookmakers, and via the internet or telephone.
1. Betting at the Boards or Rails
The betting ring at any racecourse is made up of two areas of bookmakers: the boards and the rails. The boards stand in the Grandstand section of the racecourse, whilst the rails are located against the rail between the Members and Grandstand enclosures. Most high street bookmakers such as Coral, Ladbrokes and William Hill will have representatives on the rails.
Wagers in the betting ring are mainly for win singles, although some ring bookmakers may accept each-way bets. There will be a minimum bet restriction, and some ring bookmakers may not accept bets less than 5 pounds. Once you have decided which horse (or dog) you think will win, simply make your selection and hand over your money. In return, you will be given a computerised print out to confirm your bet. If you win, wait until the weighed in signal has been sounded, as winning tickets will not usually be paid out until this confirmation has been received.
2. Betting on the Tote
The majority of race going novices choose to make their bets on the Tote (short for Totalisator), as they offer a slightly simpler way to place a bet, and are easy to find and access. They are often located near the bars and restaurants and so do not require a walk to the betting ring.
The major difference between placing a bet in the Betting Ring or with the Tote is that you know the odds in advance of the race starting when you use a bookmaker. This is not the case for the Tote, as it uses a pool betting system.
In this system, all the money wagered on a particular bet goes into a pool. After the Tote has taken out its percentage, the remainder of the money is divided between the winning tickets. The final dividend will only be known once the pool closes at the beginning of the race and no further bets can be taken.
The advantages of the Tote are that as well as offering win and each way bets, they will also offer more exotic bets such as forecasts and placepots, which have higher winning rewards. There is also less mystery surrounding the Tote than the betting ring, which makes it much more approachable to the novice punter.
However, as it is popular with novice bettors, those horses with interesting sounding names or connections, especially on big days, will receive much shorter odds than at the bookmakers.
3. High Street Bookmakers
Although the popular notion of the traditional betting shop is a smoke-filled, murky, slightly daunting place to visit, in real life, they are generally clean, friendly and welcoming. They offer a vast range of betting opportunities, allowing you to wager on sports, novelty bets, virtual horses and dogs as well as fruit machines.
4. Internet and Telephone Betting
Over the last few years there has been a tremendous increase in the amount of telephone and online betting. Both methods offer a quick, convenient way of placing a bet, and allows you to do so from the comfort of your own home.
All of the major high street bookmakers offer telephone and internet betting, and there are a number of independent firms also keen to compete for your business.
Both methods will require you to have a debit or credit card, through which you will pay for any bets, and receive any winnings.
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