What is a "Sucker Bet" ?

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August 7th, 2013 at 10:04:04 AM permalink
Birdgang
Member since: Aug 4, 2013
Threads: 2
Posts: 19
I would say a sucker bet is any that is flashy to hook gamblers. I think there's a threshold where more experienced gamblers, or the ones who pay attention to the math, wouldn't play it.
August 7th, 2013 at 10:24:22 AM permalink
Venthus
Member since: Dec 10, 2012
Threads: 14
Posts: 573
I'd say it has to be relative to the base payoff of the game. Sure, 00 Roulette might be worse than 0 Roulette, but it isn't inherently a sucker bet. (Now, being a game for suckers... that's a different story.)
August 7th, 2013 at 10:47:30 AM permalink
djatc
Member since: Jan 15, 2013
Threads: 57
Posts: 1953
Any bet that can be made in another fashion for less house edge

such as Big 6 or Big 8 on craps
https://www.youtube.com/watch?v=jxJHcwlBcmU
August 7th, 2013 at 12:45:59 PM permalink
EvenBob
Member since: Jul 18, 2010
Threads: 385
Posts: 15644
sucker bet
noun
Definition of SUCKER BET

: a bet offered at incorrect odds

According to this definition thats every bet in
a casino. Players can't accept this though, so
they play games with the word 'sucker'. They
have degrees of sucker bets: Roulette is a bad
one, craps not so much. Its a lot like cigarettes
that used to be called 'lights'. People convinced
themselves they were better for them than
regulars, but of course they weren't. People
who play craps think they're less of a sucker
than people who play slots, but of course they're
not.

In the old days frequent players were called 'casino
oriented' by the suits. That was their code phrase
for sucker.
"I've been around people and I've been around dogs. I prefer dogs.." Charles De Gaulle
August 8th, 2013 at 8:54:15 AM permalink
reno
Member since: Jan 20, 2010
Threads: 109
Posts: 554
Quote: FleaStiff
Look folks, a sucker bet is a bet made for and generally appealing only to suckers, guys without enough moxie to really know whats up.


From the casino's perspective, a sucker bet is a sucker bet, regardless of the math skills of the gambler.

Craps is my favorite game, and by craps standards I'm a relatively disciplined player: pass line with full odds, never any proposition bets. But I also play 25 cent video blackjack with terrible rules (4% house edge). Video bj's low bet minimum allows me to get extraordinarily inebriated on free cocktails without hesitation, and so long as I leave my main craps bankroll upstairs in the hotel's in-room safe, I can blow a $20 bill (80 credits!) without much guilt. (I should be playing video poker with 1% edge, but for some reason bj is funner for me when I'm really drunk.) And if the machine is within eyesight of the party pit dancers, it's the best $20 value in all of Nevada.

In other words, I'm the dictionary definition of a sucker and Las Vegas was built on guys like me.
August 8th, 2013 at 12:29:55 PM permalink
EvenBob
Member since: Jul 18, 2010
Threads: 385
Posts: 15644
Quote: reno


In other words, I'm the dictionary definition of a sucker and Las Vegas was built on guys like me.


If you don't have an edge, it a sucker bet and game.
Its really not hard to understand. Nobody likes being
a sucker, so we find ways to make us not qualify as
suckers. Carnivals used to call their customers suckers.
Modern casinos are just carnivals that are in a permanent
location. The customers are still suckers, its just not
PC to say it out loud anymore.
"I've been around people and I've been around dogs. I prefer dogs.." Charles De Gaulle
August 8th, 2013 at 4:22:49 PM permalink
Jeepster
Member since: Jul 7, 2013
Threads: 3
Posts: 73
Quote: Keyser
Betting on the horses is definitely a suckers bet/ snicker bet.


Not so, value can be found in ante-post betting. Sometimes minimal, sometimes substantial.
A photon without any luggage checks into a hotel, he's travelling light.
August 8th, 2013 at 6:55:22 PM permalink
Wizard
Administrator
Member since: Oct 14, 2009
Threads: 615
Posts: 11520
Much like pornography, I don't know exactly how to define a "sucker bet," but I know one when I see it. Factors to consider are:

1. House edge.
2. Variance (I think it is reasonable for a higher variance bet to carry a higher house edge.)
3. Whether it is a side bet or the primary game.
4. Availability of a similar or same bet at better odds.
5. How long the bet stays active.
It's not whether you win or lose; it's whether or not you had a good bet.
August 8th, 2013 at 7:44:35 PM permalink
teddys
Member since: Nov 14, 2009
Threads: 142
Posts: 4450
Quote: Wizard
Much like pornography, I don't know exactly how to define a "sucker bet," but I know one when I see it. Factors to consider are:

1. House edge.
2. Variance (I think it is reasonable for a higher variance bet to carry a higher house edge.)
3. Whether it is a side bet or the primary game.
4. Availability of a similar or same bet at better odds.
5. How long the bet stays active.
So pretty much big six/big eight, or field with 2x 12/2 fit the bill perfectly.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." ― Rig Veda 10.34.7
August 8th, 2013 at 11:07:37 PM permalink
thecesspit
Member since: Apr 19, 2010
Threads: 52
Posts: 5548
Making a bet with an unknown online about the result of the US election.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
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