Dominic LoRiggo – The Man Who Mastered the Secrets of Winning at the Craps Table

In the world of gambling craps has always been associated with a purely luck game that depended on a player getting hot or getting on a streak. You see it all the time in the movies and TV shows where a player starts playing craps and gets on a winning streak so big that he would end up playing at the table all day and his friends come back the next day to see that not only has he lost all his original money but has lost all of the money that he has borrowed to keep playing on top of that. It can be a fun game but it could drain your pocket book really quick. Has anyone ever cracked the system to consistently win at the crap table? So far only a few and we will take a look at the incredible feat of one infamous individual.

Dominic LoRiggio was a man who consistently made more money then the casinos that he has played at on its crap table and has earned some great praise by being called the man with the golden arm. Dominic through many years of practice has perfected the technique of getting the rolls that he needs and in his books explain the physics behind dice control and how to get the rolls you want almost every time. He says to get this style done you need to purchase a regulation craps table. He explains in his books and in his dice control seminars that there is a precise mathematical system involved and it takes discipline and focus as well as practice to be able to do this every time. He gets the cream of the crop as far as clients who sign up for his seminars like famous actors and big businessmen. These well known personalities know his reputation as a dice control specialist and if they are able to pass his courses they believe that they can also succeed at the tables. His courses aren’t cheap but in this world you get what you pay for.

He was originally part of a dice control team called Rosebud and were pretty successful at the beginning but Dominic eventually left them because their bets were too low for his taste as he was a very high roller who liked to bet big to win big. He figured that if he could consistently beat the house why not accumulate a large pot in a shorter period of time. I guess that would give him more time to enjoy his life outside the crap tables. The guy is a legend and people come from all over the globe to try to learn his golden secrets of rolling the dice. To call his feat an amazing one is the understatement of the century.

Secrets of Sports Betting – The Bookmakers Secrets!

During the 1980’s, I was part of a group, that used computers to win millions in sports wagers from Las Vegas Casinos. This was before personal computers were in everyday use. The invention we not call the internet was years away from having access to handicapping stats and data. We were successful for two reasons. First we were ahead of the odds makers in collecting important information. They were still doing things the old way, and we took advantage of that loophole.

Those days are gone forever. The second key to success, is to understand how the numbers really work.

ODDS DO NOT PREDICT THE WINNER

Think of it this way. “Odds do not predict who will win. They are actually predicting who the public THINKS will win.” Most sports punters, both professional and novice, do not understand the secrets of the bookmakers.

Two-way sports wagers, (meaning two teams with a 50-50 chance of winning with no ties) are posted at odds of 11-10. This means you wager £11 to win £10. Half the punters select team A, and collect their £10 when they win. The other punters choose team B, and lose the contest paying their bookie £11. You would think this gives the house or bookmaker a 4.55% advantage. You would be wrong with this assumption, but do not feel bad, 99.5% of the bettors think like you do.

THE BIG MISCONCEPTION

General thinking goes something like this. The bookmakers, insure themselves a profit only by balancing their books. In other words, they hope to get half the bets on each of the teams, thus they win every time. In reality, they hardly ever balance their books, or even come close. Your may find small local bookmakers, with small bankrolls, try to operate in this manner, but with so many internet shops available, even they can even up lopsided books. Many small bookmakers do not even know the secret. They are like the rest of the cattle and travel along with the herd. The erroneous belief that large sports bookmaking operations need to balance their bets is the big secret in the industry. What they do need to accomplish, is secure plenty of volume on both sides, without actually balancing the books.

THE BOOKMAKER’S SECRET REVEALED

Suppose the bettors in our example game, risked $165,000 to win $150,000 on the favourite. But the public only bet $82,500 on the underdog trying to win $75,000. This looks like a mismatch, with the bookmaker heading for big trouble if the favourite wins. If the dog prevails, the sports book makes a profit of $90,000. He wins $165,000 from the favourite bettors, and pays out $75,000 to the Dog winners. If the Favorite wins, the bookmaker loses $67,500. He will win $82,500 from the underdog backers, but lose $150,000 to the fans who bet the favourite. This results in a loss of $67,500.

Now you may be saying too yourself that math does not make the house a winner. So let us review, when the Underdog wins, the bookmaker wins $82,500 but if the favorite wins, he loses $67,500. Favourites and underdogs usually split the winning equally and each side 50% winning of the time. Half of the time he will lose $67,500, the other half he will win $82,500, so his profit is $15,000 no matter who wins. So in our example, what is the bookmaker really risking? The bookmaker is really risking $67,500 to win $82,500. In simple terms, he is essentially laying $75 to win $100. That means he does not have to even win 50% of the time to break even. The house only needs a 42.9% strike rate, after that, it is all profit.

TAKE DOWN A 33% PROFIT NO MATTER WHO WINS

Give me odds of losing $75 and winning $100 on a 50-50 coin flip wager. I will beat you every time with this huge house advantage. To most fans, the general thinking is the bookmaker needs to balance his books with equal wagers. From my example, you can see this is not true. When you have bettors risking twice as much on the favourite side, you are getting a 33% return on every dollar.