Putting and buying the 10 & 4

On the 10 and 4 they pay 2 to 1 that is if you were to buy or put the 10 or 4 ........2 to 1 is true odds? If i am not mistaking?
I would like to know the true house edge on this type of bet.

Yes 2 to 1 is true odds. The edge is the buy commission.

Putting is a horrible bet. You’re getting paid even money on a 1 in 3 bet.

I would not go so far as to say it's horrible. With a minimum of $5.00 and the right odds lets say 20X I can get 2 to 1 on $100.00 so what is the true house edge?


I dont understand the 1 in 3

I know there are instances where putting makes sense but only in the rare casinos that allow very high odds bets (only 1 on the Strip).

For a 4/10 you have 3 ways to win 6 ways to lose. 1 in 3 ways to win.

Quote: thepro

I would like to know the true house edge . . . .

The player has no edge and the house has no edge. That is why it is referred to as 'true odds'. There is a certain expectation of the event taking place and they will pay in strict accordance with that mathematical expectation. No 'edge', no 'advantage'. That is why the casino usually charges you to do this. They are not standing there with all those dealers, all those bottles of booze, etc. for their amusement. On most bets they nick you just a bit.

Initially assuming you are looking at winning if there is a 4 or 10 then there are two ways this might happen.

With a "Place" bet you can either get specific odds (in the UK it's 19 to 10) or (e.g. in the US) you can receive true odds of 2 to 1 but have to pay comission on the winnings. For a $100 bet in the former you would win $190, in the latter you would pay $10 comission on $200; so in this case they are effectively the same.

With a "Pass" (or "Come") bet you can also have an "Odds" wager - that pays true odds (as the house makes its money from the Pass or Come element).

Conversely If you're betting for the 7, then the reverse applies (in the UK it's 5 to 11) except Put bets/don't odds also work on the comeout.

Here place and buy payouts would be $180 and $195, can't imagine 5% vig on a win paying $190. Are you sure?

Quote: DeMango

Here place and buy payouts would be $180 and $195, can't imagine 5% vig on a win paying $190. Are you sure?

Umm... I agree with the $180. But, when you Buy the 4 or 10 for $100, don't you win $200 minus the $10 (=5%) vig for an adjusted win of $190? Where do you get a $195 payback?

5% of $100. Drop a red, get two black. Rinse and repeat!
For the 5/9 drop a red, get six green!
Somebody hasn’t gotten that Lucky!
Sorry, couldn’t resist.
Anyway, wondering if the U.K. taxes, on winnings or bet.