目錄
Want to know what each casino game has in common? They are all designed to get as much money from you as possible. But that’s not all. They also give you the illusion that you have a chance to win. AND they try to keep you as happy as possible while it’s happening.
It may seem difficult to stay happy while losing money. But the online casino industry has done a great job towards this goal. Many casino games offer even money bets. This term is confusing. There are no casinos that offer real even money bets. We’ll talk more about it here at Xgtiger.
An even money bet is one where your chance of winning is equal to the expected return on your bet. Does it look complicated? It’s just simpler.
The best example is the coin flip. A coin has a 50% chance of landing heads and a 50% chance of landing tails. If you win the same amount you bet on your winning coin toss, it is an even money bet.
With even money wagers, your bet turns out to be even in the long run. The long run may have thousands of results, but you’ll be even in the end—if you play long enough.
The rest of this page outlines what are called even money bets in online casinos. This includes explanations as to why these are not even money bets.
Roulette Even Money Bets
Roulette offers multiple bets called even money. You can bet on black or red, even or odd, or 1 – 18 or 19 – 36. All these bets pay 1 to 1, but they are not really even money wagers. When the ball lands on 0 or 00 you lose. This gives the house edge.
The actual house edge on a wheel with only one zero is 2.7%. On a wheel with zero and double zero it is 5.26%.
The closest thing you will find to an even money bet in roulette is when you play a wheel that uses the en prison rule. It can only be used on some single zero wheels. If the ball lands on zero, the bet will be “in prison” until the next result. If the bet wins the next result you get your bet back, but if it loses the next bet it is lost.
This still gives a small house edge, but it is the smallest possible edge while playing online roulette.
Baccarat Even Money Bets
In online baccarat, you can place a bet on the banker, player, or on a tie. Banker and player bets are close on Even Money Bets, but when the two are tied, you lose. The tie and the commission you pay on winning banker bets make online baccarat betting not true even money bets.
The actual house edge on a banker bet in baccarat is 1.06%. At the player’s bet is 1.24%. The bet is more than 10% so you shouldn’t take it.
Craps Even Money Bets
Craps is the one game that can be found in almost every casino that offers a real Even Money Bet. But there is a catch:
You will be forced to bet not even money before you can place the even money wager. This still creates a slight advantage for the casino.
The pass bet has a house edge of around 1.4%. Don’t pass offers a house edge of around 1.35%.
After the pass line bet is resolved, you have the opportunity to place a so-called odds bet. The odds bet amount varies but offers a true Even Money Bet. Some casinos accept up to 100 times the value of your previous pass line bet on an odds wager.
An odds bet is a bet that the point will be rolled again before the seven is rolled. The odds bet pays two to one if the point is 4 or 10, three to two on a point of 5 or 9, and six to five on a point of 6 or 8. These are the exact odds that they will be rolled, which creates a true Even Money Bet
Odds bets in craps are usually the best bet in the casino. Counting cards in blackjack or playing poker at a winning level is better, but those are strategies for playing with an edge.
Want to reduce the house edge as much as possible? Bet the maximum amount on the odds at any time you can do so.
Other Even Money Games
Although they aren’t exactly even money on every hand, blackjack and some video poker games offer house edges of about half a percent or less. This is only possible through proper strategy and rules, but many players view them as Even Money games.
This can be especially true if you receive comps for your play. You can earn enough in comps to make up for your losses while playing a low house edge game.
Conclusion
Are you an avid gaming fan and want to know how to bet on online casino games? At Xgtiger, you’ll get the latest information on this year’s best casino games and a variety of gaming options, all in one place.
To start your online gambling journey, all you need to do is create an account on the site, deposit funds and you’ll be ready to bet on the best and most anticipated casino games.
Frequently asked questions
An even money bet is a type of wager in which the potential payout is equal to the original bet. For example, if you bet $100 on the Kansas City Chiefs to win your payout would be $200.
