What Is Gambling? Understanding the Basics Chapter One Chapter One
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The player can wager on even/odd, a column, a number straight-up, or he can mix and match as he decides. Most other side bets, no matter the game, are much less volatile than Lucky Ladies in blackjack or the Dragon side bet in EZ Pai Gow. A player wins this bet by making a wager that a Banker three-card total of seven will beat the player’s hand. I am not aware of any table game or side bet (or slot machine, or keno pay table or video poker game) that has a higher house edge. At the extreme of volatility for blackjack side bets is the Lucky Ladies side bet (not included in the table).
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After a decade as an advantage player, Eliot founded Jacobson Gaming, LLC in 2006. Over the long run, the player expects to break even on his odds wagers. However, in craps, in order to get high variance without taking “odds,” the player will have to play high house edge wagers. The four wagers listed for craps in Figure 9 illustrate that a player can pick and choose his variance.
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