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Even Money
Even money is a wagering proposition with even odds - the bettor stands to lose or win the same amount of money. Beyond gambling Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (ga ..., ''even money'' can mean an event whose occurrence is about as likely to occur as not. Even money is also known as 50–50. In professional gambling, even money bets typically do not have odds that are indeed 50–50. Therefore, successful gamblers have to examine any bets they make in light of the odds really being even money. For example, in roulette, betting on red or black is an even money bet. However, the presence of the green 0 and the 00 means that statistically the bettor will lose more than 50% of the time. There are variations of the game that offer '' en prison'' on 37 number tables so if a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proposition Bet
In gambling, a "proposition bet" (prop bet, prop, novelty, or a side bet) is a bet made regarding the occurrence or non-occurrence during a game (usually a gambling game) of an event not directly affecting the game's outcome. Proposition bets in sports are differentiated from the general bets for or against a particular team or regarding the total number of points scored. Traditionally, proposition bets can be made on outcomes such as the number of strikeouts a pitcher will accumulate in a baseball game, whether a non- offensive player will score in an American football game, which team will score the first points of the game, the discipline record of teams in a match, the timing of certain events, the number of specific events per team or in the entire match. Realistically any statistically discrete event contained in a match or game could be bet on. Fixing part of a match for a certain result in a proposition bet is called spot-fixing. Examples There are a wide range of ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Odds
In probability theory, odds provide a measure of the probability of a particular outcome. Odds are commonly used in gambling and statistics. For example for an event that is 40% probable, one could say that the odds are or When gambling, odds are often given as the ratio of the possible net profit ''to'' the possible net loss. However in many situations, you pay the possible loss ("stake" or "wager") up front and, if you win, you are paid the net win plus you also get your stake returned. So wagering 2 at , pays out , which is called When Moneyline odds are quoted as a positive number , it means that a wager pays When Moneyline odds are quoted as a negative number , it means that a wager pays Odds have a simple relationship with probability. When probability is expressed as a number between 0 and 1, the relationships between probability and odds are as follows. Note that if probability is to be expressed as a percentage these probability values should be multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (game theory), strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roulette
Roulette (named after the French language, French word meaning "little wheel") is a casino game which was likely developed from the Italy, Italian game Biribi. In the game, a player may choose to place a bet on a single number, various groupings of numbers, the color red or black, whether the number is odd or even, or if the number is high or low. To determine the winning number, a croupier spins a wheel in one direction, then spins a ball in the opposite direction around a tilted circular track running around the outer edge of the wheel. The ball eventually loses momentum, passes through an area of deflectors, and falls onto the wheel and into one of the colored and numbered pockets on the wheel. The winnings are then paid to anyone who has placed a successful bet. History The first form of roulette was devised in 18th-century France. Many historians believe Blaise Pascal introduced a primitive form of roulette in the 17th century in his search for a perpetual motion machine. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
En Prison
In roulette, the ''en prison'' rule is an opportunity to recover one's stakes after a spin of zero, provided one's bet was even-odds (i.e. high–low, even–odd, red–black). It is a variant of the ''la partage'' rule, in which a player loses only half their even-odds stake if the original spin is a zero, recouping the other half (''partage'' being French for "sharing"). In European casinos, where ''la partage'' is customary, the player may be given the option instead to place their original stake ''en prison'' ("in prison" in French). The stake is left on the previous bet, and the croupier places a marker on it to show it is ''en prison''. If the bet wins on the next spin, the player's stake is returned; if it loses, it is forfeited. Different casinos adopt different rules for the case where zero comes up a second time: it may be treated as won, lost, ''la partage'' or ''en prison''. The 'La Partage' version of Roulette is more favorable towards the player when compared to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackjack
Blackjack (formerly black jack or ''vingt-un'') is a casino banking game. It is the most widely played casino banking game in the world. It uses decks of 52 cards and descends from a global family of casino banking games known as " twenty-one". This family of card games also includes the European games '' vingt-et-un'' and pontoon, and the Russian game . The game is a comparing card game where players compete against the dealer, rather than each other. History Blackjack's immediate precursor was the English version of '' twenty-one'' called ''vingt-un'', a game of unknown provenance. The first written reference is found in a book by the Spanish author Miguel de Cervantes. Cervantes was a gambler, and the protagonists of his " Rinconete y Cortadillo", from ''Novelas Ejemplares'', are card cheats in Seville. They are proficient at cheating at ''veintiuno'' (Spanish for "twenty-one") and state that the object of the game is to reach 21 points without going over and that the ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
