Avoid potential losses by following these tips!
Baccarat: The Tie Bet
If you want to keep your money, steer clear of this bet.
Only two hands are dealt in Baccarat, a player hand and a banker hand. Players are able to bet on either hand. But, there's a third option...
You can bet that the two hands will tie. The odds against winning a tie bet are 9.526-1, and the house edge is a whopping 14.4 percent. So we advise you to stay clear of this bet and choose one of the two available bets with house edges just a little over 1 percent, the player hand or the banker hand.
Blackjack: The Insurance Bet
You should never take an insurance bet when playing blackjack unless you are counting cards. For card counters who know there is a higher than usual concentration of 10-value cards remaining in the deck, insurance is a viable option. For the vast majority of players, it's a bet to avoid.
This side bet pays back 2 to 1 when the dealer has a blackjack, but the true odds are closer to 2.2 to 1, making this a losing bet over time. Only 30.8 percent of cards are 10 values, so you lose insurance bets 69.2 percent of the time and the house has a 7.6 percent edge.
Craps: The Field and Proposition Bets
The house edge can be as high as 16 percent for these seductive bad bets. There are many bets to avoid in craps, especially in the one-roll propositions. House edges of 16.67 percent on any 7, 11.11 percent on any craps and others are too high to overcome. Stick with Pass, Don’t Pass, and Come bets. Lastly, never bet on Big 6 or Big 8. If you want to bet those numbers, use place bets instead.
Roulette: The Five-Number Bet in Double-Zero
When playing American Roulette - a double-zero wheel, you can bet on 0, 00, 1, 2, and 3 all at once. The 5 Number Bet, also known as the Basket Bet is a bet you should avoid playing.
The house edge for the five number bet is 7.9%, the worst odds on the roulette table. So, there is no such thing as a good variant for the number 5 bet - avoid it!