Gandler
Gandler
Joined: Jan 27, 2014
  • Threads: 29
  • Posts: 1267
February 4th, 2014 at 10:27:11 PM permalink
Lets say somebody goes to a casino and has the desire to place one huge bet, maybe even withdrawing their lifesavings.
What would be the best single bet? Normally I would automatically assume blackjack, but with everything bet on one bet they would have no ability to double down or split or buy insurance (I know that is not normally wise ever, but if you are betting your life savings they may feel safer with that option)? I am not sure how much not being able to split or DD would raise the house edge on a single hand?

Also, would placing one single bet be the best way to double your money (lets say that's their goal), or would they be more likley flat betting or using a short term aggressive betting strategy? I am probably the least mathematical savvy person on this site, but I would have to guess that a single bet would be the best because the longer you play the more chances of defeat you have and you would slowly drain your money?

Also, if they have a more complicated goal like tripling their money what would be the best way? Placing 2 even money bets (if they win the first obviously)? Or would they be better off placing one 2-1 bet like on roulette? Or in the case of a desire to triple would 2 hands of blackjack be worthwhile with the hopes of getting splitting hand or a double down hand?


-Just to clarify I have no intention of doing this, I am asking purely out of mathematical interest and curiosity.
"Whatever is my right as a man is also the right of another; and it becomes my duty to guarantee as well as to possess.” -Thomas Paine
sodawater
sodawater
Joined: May 14, 2012
  • Threads: 62
  • Posts: 3283
February 4th, 2014 at 10:29:12 PM permalink
EZ Bacc, banker
AceCrAAckers
AceCrAAckers
Joined: Jul 12, 2011
  • Threads: 30
  • Posts: 368
February 4th, 2014 at 10:31:06 PM permalink
craps with max odds
Edward Snowden is not the criminal, the government is for violating the constitution!
sodawater
sodawater
Joined: May 14, 2012
  • Threads: 62
  • Posts: 3283
February 4th, 2014 at 10:35:10 PM permalink
Quote: AceCrAAckers

craps with max odds



this is just a terrible answer. did you even read the question? OP wants the best chance to double money on a single bet -- craps with max odds is like the last bet in the casino i would use for this.
Tomspur
Tomspur
Joined: Jul 12, 2013
  • Threads: 28
  • Posts: 2019
February 4th, 2014 at 10:40:44 PM permalink
In my opinion it would have to be baccarat - banker

Also you in all probability won't be given a large enough max bet on blackjack as you would be on Baccarat.

Not very inventive but then again, casinos aren't really in the business of giving money away for free.

Perhaps Banker with a rebate pre agreed upon? - 20% would be dandy :)
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 192
  • Posts: 7252
February 4th, 2014 at 10:44:02 PM permalink
I don't even think you can actually bet your life savings at a certain point all on one bet. Maybe the casino would do it if you ask, but especially in the era of corporate casinos, they already know it's better for them to get it with less risk than just one bet since they'll get it anyways.
The problem I think is you want the lowest house edge and closest to a 50/50 shot to double and I'm not sure there is a game to offer both without some kind of concession from the casino such as ignoring green results on roulette.
#FreeNATHAN #Paytheslaves
sodawater
sodawater
Joined: May 14, 2012
  • Threads: 62
  • Posts: 3283
February 4th, 2014 at 10:45:54 PM permalink
Quote: onenickelmiracle

I don't even think you can actually bet your life savings at a certain point all on one bet. Maybe the casino would do it if you ask, but especially in the era of corporate casinos, they already know it's better for them to get it with less risk than just one bet since they'll get it anyways.
The problem I think is you want the lowest house edge and closest to a 50/50 shot to double and I'm not sure there is a game to offer both without some kind of concession from the casino such as ignoring green results on roulette.



You must have a lot higher life savings than me. I could definitely bet it all in one bet.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 192
  • Posts: 7252
February 4th, 2014 at 10:52:42 PM permalink
Quote: sodawater

You must have a lot higher life savings than me. I could definitely bet it all in one bet.

It's more likely I don't get out much and am ignorant to what actually are table maximums in the world. If I had tons of funds, I'd probably give it all away and live in a cabin in the woods without the internet.
#FreeNATHAN #Paytheslaves
Beethoven9th
Beethoven9th
Joined: Jul 30, 2012
  • Threads: 75
  • Posts: 5072
February 4th, 2014 at 11:02:25 PM permalink
Quote: sodawater

You must have a lot higher life savings than me. I could definitely bet it all in one bet.

LOL!

Me too :D
Fighting BS one post at a time!
98Clubs
98Clubs
Joined: Jun 3, 2010
  • Threads: 52
  • Posts: 1728
February 4th, 2014 at 11:57:45 PM permalink
I know the BANK bet in BACC. is best, but its 95%, Player bet is 1:1 but 1.24% instead of 1.06%.
Of course, if Player 3-card 8 beats a Bank 2-card 5, and you get 2:1, then the Player H. A. drops to 1.06% also.
Some people need to reimagine their thinking.

  • Jump to: