It wasn’t too long ago that sports betting meant that you placed a bet at the begging or halftime of a game, you watched the game, and then collected on your win afterwards. Sports betting is one of the few games in the casino that if you are skilled enough, you can win. These types of games are pretty much limited to sports betting, poker, and blackjack. (ED: Craps has better odds than all if you can find 100x odds)
With Cantor Gaming recently announcing that they will be managing the newly remodeled Plaza’s sport book, a revolution in sports betting is taking place. Cantor currently runs the sport books at Tropicana, Cosmopolitan, M Resort, Hard Rock, Venetian, and Palazzo. Cantor provides for live-action betting throughout the sporting event. So if you are watching a basketball game you can bet during the game on whether a player will make an upcoming free throw, or during a football game you can wager on what the next play might be. Basically you can place bets the whole time the game is going through an electronic terminal. (ED: I tried this a couple years ago and didn’t really like it)
This doesn’t change a thing for those who just like to place a bet, take the ticket, and redeem it when the event is over. However, for people who want more excitement when betting, it’s an awesome idea. I played with it some at The Cosmopolitan and I have to say that it is quite addicting. I suspect it won’t be long until we hear about Cantor gaming taking over another sport book.
(ED: I’ve covered a bunch of the Cantor Gaming moves over the past year at Vegas Chatter if you want more.)
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Craps has best odds at 100x, but blackjack, poker, and sportsbooks are beatable.
pretty sure the house always has an advantage in BJ, even if it can be lessened, but poker and sports are beatable and 100x craps is positive, but needs a big bankroll.
I’ll trust you that 100x craps is positive. But blackjack is beatable if you count cards, which is what I was trying to say. That with enough skill you can beat those games.
Fair enough. Although it’s semantics, I couldn’t find a way to get the house advantage less than 1% on the Wizard of Odds calculator using odds we’ll never find. Still pretty damn good. Maybe you can mess around and find a better result. http://wizardofodds.com/blackjack/house-edge-calculator.html.
BTW, this will make an awesome post. 🙂
Right. If you are playing basic strategy, even with the best odds, the house still wins. But if you count cards, according to the Wizard of Odds: “with today’s rules, a realistic advantage the counter will have is only 0.5% to 1.5%” So over the long-haul, it’s beatable… but nothing like the movie 21 or anything.
http://wizardofodds.com/blackjack/count/
It definitely will make an awesome post. I could talk about this stuff all day, haha.