High Low Craps
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High Low Craps, murphy casino jobs, slot met hendel, rhythm city casino resort iowa. Craps is a dice game in which the players make wagers on the outcome of the roll, or a series of rolls, of a pair of dice. Players may wager money against each other (playing 'street craps') or a bank (playing 'casino craps', also known as 'table craps', or often just 'craps'). Las Vegas Craps Odds. Most craps tables on the Las Vegas Strip offer 3/4/5 times odds. This means that a player can wager three times the flat bet on a 4 and 10, four times on a five and 9, and five times on a six and eight. The High Horn Bet. The High Horn is a subtype of the Horn bet and generally works in the same manner. The only difference is that the stake on one of the four numbers is doubled so that players actually place five individual bet units instead of four.
High Low Craps In Vegas
Introduction
High Low is a game found at various Internet casino. It goes by different names. For example, BetSoft calls it Draw Hi-Lo. This version addresses the game by iSoftBet. They can't seem to agree on its name either, referring to it as High Low, Casino High Low, and Las Vegas High Low. Since 'casino' is too general and I've never seen the game in Las Vegas, I'm going to call it just 'High Low.'
Whatever you call it, it is a simple game where the player bets whether the next card in the deck will be higher or lower than the current card. The odds are roughly commensurate with the probability of winning.
Rules
- I do not know the number of decks used, however it doesn't make a difference mathematically, if you ignore ties.
- Cards are ranked as in poker, except aces are always low.
- The player is given a random card. As long as it is a 2 to queen, the player will be given the choice to bet whether the next card will be higher or lower.
- If the player is correct, then he will be paid according to the pay table below. In the event of a tie, the bet shall push (contrary to what the table felt says). In the event the player guesses incorrectly, then he will lose.
- Except for the first decision, the player may quit at any time and collect his winnings to that point.
Following is the pay table. All wins are expressed on a 'for one' basis.
High Low Pay Table
Horn High Low Craps
| Card | Low Pays | High Pays |
|---|---|---|
| 2 | 10.7 | 1.1 |
| 3 | 5.3 | 1.1 |
| 4 | 3.5 | 1.1 |
| 5 | 2.6 | 1.3 |
| 6 | 2.1 | 1.5 |
| 7 | 1.87 | 1.87 |
| 8 | 1.5 | 2.1 |
| 9 | 1.3 | 2.6 |
| 10 | 1.1 | 3.5 |
| J | 1.1 | 5.3 |
| Q | 1.1 | 10.7 |
Strategy
Here is the optimal strategy for High Low for the non-card counter:
- 2, 3, 10: High
- 4, J, Q: Low
- 5 - 9: House edge same either way
Analysis
The following table shows the house edge of both the low and high option for all ranks for the non-card-counter.
Higher Analysis
| Card | House Edge Low | House Edge High |
|---|---|---|
| 2 | 10.20% | -0.78% |
| 3 | 10.98% | 7.84% |
| 4 | 11.76% | 16.47% |
| 5 | 12.55% | 12.55% |
| 6 | 11.76% | 11.76% |
| 7 | 6.12% | 6.12% |
| 8 | 11.76% | 11.76% |
| 9 | 12.55% | 12.55% |
| 10 | 16.47% | 11.76% |
| J | 7.84% | 10.98% |
| Q | -0.78% | 10.20% |
You saw it right that the house edge is negative for above a 2 and below a queen. That means the player has a 0.78% advantage. Unfortunately, the player must always play the first card, good or bad.
Strategy
If you must play, I would suggest following the strategy above on the first card. Play on if the next card is a 2 or queen, otherwise collect and start over.
Similar Games
- High Low by BetFair
- Draw Hi Lo by BetSoft
- Hi Lo by Playtech.
Written by:Michael Shackleford