Playing the Hardways
Posted: Wed Dec 27, 2017 4:33 pm
My old buddy Shootitall is, if nothing else, a sucker for hardway bets. Yeah, I've seen a few guys who love them more than him - but not many.
Before we get too deep into the hardway discussion let's just take a moment to talk about the odds.
The true odds of the Hard Six or Eight are 10:1 but the payoff is only 9:1. That gives the casino a 9% edge.
The true odds on the Hard Four and Hard Ten are 8:1 but the payoff is only 7:1. That gives the casino a 11% edge.
Since the Hard 6 or 8 rolls only one way each and the hard four and ten only roll one way each why are the odds different? Because there are four ways each to roll an EASY six or eight and only two ways each to roll an EASY four or ten. Remember, the hardway bet LOSES when that number bet rolls easy - or when the seven rolls.
To further confuse the issue, you have the Two and Twelve, which can be bet individually or as a "High-Low" wager. It pays $30 to $1, but the True Odds are $35 - $1. That gives the casino around a 17% edge. So whey the difference in payouts on the Two or Twelve versus the Hardways, since all of these numbers has only a 1 in 36 chance of rolling? Because the Two and Twelve are one roll bets while the Hardway wagers stay up until they lose as outlined above.
Okay, that's a basic explanation of hardway bets. Now let's talk about how you bet them.
My personal play is to NOT bet them until I see any number roll hard. While this is not a scientific approach - every hand that is loaded with hardways starts with a single hard number rolling. If nothing else, I find that having "rules" help with money management when making high-vig wagers. The exception to this rule - if the point is an even number and I am going to make a dealer bet as a toke - odds are I'll place a hardway bet on the point for the boys.
I like to start out with $1 each on all of the hardways. If a hardway gets knocked off once I will replace it one time. The second time it gets knocked off it does not get replaced UNLESS I score a win on one of the other hardways.
On the first hit on any hardway number I parlay that hit. A $1 Hard six or eight goes to $10. A $1 Hard four or ten goes to $8.
On the second hit on the six or eight I'm paid $90. My move is to lock up $75 and press the number that hit to $25.
On the second hit on the four or ten I'm paid $56. I lock up $33 and press to $25.
Now I'm in "fat city." Odds are I'll just take the next hit and not press. Let's say that happens. I lock up $200 and same bet on the six or eight. I lock up $175 and same bet on the four or ten.
Now what happens if one of my pressed hadways rolls AGAIN? You'll hear me say something like "son of a bitch" because I'm pissed that I didn't press to $100 on the last hit. Then if it was a six or eight that rolled I'll press to $100 and lock up $125. On the four or ten I'll do the same, but only lock up $100. Now we're really positioned to win.
It's rare that I ever get beyond the $100 level on any hardway. I just keep thinking about those easy way number rolling and knocking me off. For THAT reason you MAY see me pressing my Place bets up on a hardway rich hand - not only because they are winning - but a $90 six or eight pretty much perfectly hedges a $100 hard six or eight. Make sense?
Okay, we all have our own approaches to hardway betting. I even saw a guy do a regression on a hardway last week - starting out with $100 on the hard six and eight and regressing to $25 each when one of them hit. Smart man.
One of my LEAST favorite hardway plays is placing a hardway bet as a hedge when playing the Don'ts. I know of no better way for me (personally) to guarantee that if the shooter makes his point it will roll easy. I'm still smarting from the $100 hard four I had hedging a $1000 Lay bet that rolled easy, and that was almost fifteen years ago. Lessons learned . . .
What's your approach to the hardways. Let's figure out how we're going to approach them for 2018.
Before we get too deep into the hardway discussion let's just take a moment to talk about the odds.
The true odds of the Hard Six or Eight are 10:1 but the payoff is only 9:1. That gives the casino a 9% edge.
The true odds on the Hard Four and Hard Ten are 8:1 but the payoff is only 7:1. That gives the casino a 11% edge.
Since the Hard 6 or 8 rolls only one way each and the hard four and ten only roll one way each why are the odds different? Because there are four ways each to roll an EASY six or eight and only two ways each to roll an EASY four or ten. Remember, the hardway bet LOSES when that number bet rolls easy - or when the seven rolls.
To further confuse the issue, you have the Two and Twelve, which can be bet individually or as a "High-Low" wager. It pays $30 to $1, but the True Odds are $35 - $1. That gives the casino around a 17% edge. So whey the difference in payouts on the Two or Twelve versus the Hardways, since all of these numbers has only a 1 in 36 chance of rolling? Because the Two and Twelve are one roll bets while the Hardway wagers stay up until they lose as outlined above.
Okay, that's a basic explanation of hardway bets. Now let's talk about how you bet them.
My personal play is to NOT bet them until I see any number roll hard. While this is not a scientific approach - every hand that is loaded with hardways starts with a single hard number rolling. If nothing else, I find that having "rules" help with money management when making high-vig wagers. The exception to this rule - if the point is an even number and I am going to make a dealer bet as a toke - odds are I'll place a hardway bet on the point for the boys.
I like to start out with $1 each on all of the hardways. If a hardway gets knocked off once I will replace it one time. The second time it gets knocked off it does not get replaced UNLESS I score a win on one of the other hardways.
On the first hit on any hardway number I parlay that hit. A $1 Hard six or eight goes to $10. A $1 Hard four or ten goes to $8.
On the second hit on the six or eight I'm paid $90. My move is to lock up $75 and press the number that hit to $25.
On the second hit on the four or ten I'm paid $56. I lock up $33 and press to $25.
Now I'm in "fat city." Odds are I'll just take the next hit and not press. Let's say that happens. I lock up $200 and same bet on the six or eight. I lock up $175 and same bet on the four or ten.
Now what happens if one of my pressed hadways rolls AGAIN? You'll hear me say something like "son of a bitch" because I'm pissed that I didn't press to $100 on the last hit. Then if it was a six or eight that rolled I'll press to $100 and lock up $125. On the four or ten I'll do the same, but only lock up $100. Now we're really positioned to win.
It's rare that I ever get beyond the $100 level on any hardway. I just keep thinking about those easy way number rolling and knocking me off. For THAT reason you MAY see me pressing my Place bets up on a hardway rich hand - not only because they are winning - but a $90 six or eight pretty much perfectly hedges a $100 hard six or eight. Make sense?
Okay, we all have our own approaches to hardway betting. I even saw a guy do a regression on a hardway last week - starting out with $100 on the hard six and eight and regressing to $25 each when one of them hit. Smart man.
One of my LEAST favorite hardway plays is placing a hardway bet as a hedge when playing the Don'ts. I know of no better way for me (personally) to guarantee that if the shooter makes his point it will roll easy. I'm still smarting from the $100 hard four I had hedging a $1000 Lay bet that rolled easy, and that was almost fifteen years ago. Lessons learned . . .
What's your approach to the hardways. Let's figure out how we're going to approach them for 2018.