Scobe's Quick Tips: #49 and #50 (Craps Proposition Bets and Comps)

Scobe's Quick Tip #49

If you think you are getting a bargain at craps when you bet a proposition bet such as the yo-eleven, think again.

Yes, the bet does pay off at 15 to 1, but the house edge is a staggering 11.11 percent because the real odds of the bet are 17 to 1. That means for every $100 you bet on this proposition in the long run, you'll lose $11.11. Yuck!

For more information about craps read Frank Scoblete's Forever Craps.

Scobe's Quick Tip #50

Casinos will be happy to give you comps, but you must have a player's card and put it in the machine or give it to the floorperson when you play at the tables.

Basically, the casino will return a percentage of your theoretical loss to you in the form of comps.

So, to get back some of what you're expected to lose, use that player's card!

For more information about comps read Frank Scoblete's Guerrilla Gambling.