In
the casino, bet quality is rated in terms of the
house edge. This is the long haul average percentage
the casino theoretically earns on every dollar
wagered. The greater the edge, the more of your
hard-earned money that you put into action the
casino gets to keep, and the less you take home.
Although proposition bets like the seven have
seemingly lofty payoffs, the house edge is way
too high for you to waste your hard-earned money
on them.
The seven, in particular, is called a sucker bet
because it is the worst wager on a crap game,
or any table game for that matter. This one-roll
proposition bet has a house edge of 16.7%. Compare
that, Jason, to a pass line wager with a casino
advantage of 1.41%, and you can see which is the
more valuable baseball card.
Don't be an easy target (okay, sucker) and trade
your pristine 1952 Topps #311 Mickey Mantle for
a pitcher with a win percentage of .548, even
if Ruffing did have an exceptional World Series
record of 7-2.
.
.
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I fly on the side of gaming folklore, and
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Common
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Find
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