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HOME > > Cost Per Bet

Cost Per Bet

4 January 2022

By Frank Scoblete

TIM'S QUESTION: I do appreciate the fact that your casino games writers tell us the speed and house edges of all the games or at least the ones you know. I do want to know how the casinos have structures their games to win my money. But there is something missing. If I play several or many games in a trip to the casino what would be my hourly cost of doing do. I might hop from blackjack to roulette and so forth. Any help would be helpful.

FARNK'S ANSWER: Good question. I never actually thought of doing something such as this. It makes sense. Most players may actually play many table games during a given trip. So what is the cost of such play!

I do know that you would have to be spending time counting the number of decisions in an hours-worth of time to make this work. I guess this would be a handy guide but not a perfect one. It may be impossible to actually do a perfect one in real play.

So let us say that you play the following games when you visit the casino: blackjack, craps, and roulette. Here are the house edges and expectation per bet. Remember we are dealing with averages over a decent length of time.

• Blackjack’s house edge we’ll put at ½ percent, assuming the player is playing basic strategy which is the computer derived play of every hand versus the dealer’s up-card. A $100 bettor would lose about 50 cents per bet.

• Craps’ house edge we’ll put at 1.41 percent (only the Pass Line or Come bets will be made – odds do not have to be counted). A $100 Pass Line bet would lose a player $1.41 per bet.

• Roulette’s house edge is 5.26 percent (on the double-zero wheel). A $100 bettor would lose $5.26 per bet.

Okay, now you play. When you are playing roulette, you just put down the bet and how much it theoretically cost. You might make 10 bets at the game and your expected loss is $52.60.

(Again, I am using $100 as the bet. Just reduce or increase the amount lost based on your betting averages.)

You play 10 hands of blackjack with a cost of 50 cents per hand, adding up to $5.00.

You now play 10 hands of craps at a cost of $1.41 per hand for a total cost of $14.10 cents.

Finally, those 30 hands cost you a total of $71.70. You can break that down more if you like to $2.39 per decision. You don’t have to play an equal number of decisions for each game and the math still works out.

Well, there it is! It does show you the difference between the games.


EARL'S QUESTION: Is your mentor the Captain of craps still alive?

FRANK'S ANSWER: No, he died almost a decade ago.


This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. 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. To contact Frank, please e-mail him at fscobe@optonline.net.

Cost Per Bet is republished from CasinoCityTimes.com
 
Frank Scoblete
Frank Scoblete is the #1 best-selling gaming author in AmericaFrank Scoblete is the #1 best selling gaming author in America. His newest books include Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win! and Cutting Edge Craps: Advanced Strategies for Serious Players.

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Best Blackjack
Best Blackjack
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