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Over the long run, the player expects to break even on his odds wagers. However, in craps, in order to get high variance without taking “odds,” the player will have to play high house edge wagers. The four wagers listed for craps in Figure 9 illustrate that a player can pick and choose his variance.
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- Other examples are American roulette which has a higher edge when compared to European roulette – 5.26% and 2.70% respectively.
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The player can wager on even/odd, a column, a number straight-up, or he can mix and match as he decides. Most other side bets, no matter the game, are much less volatile than Lucky Ladies in blackjack or the Dragon side bet in EZ Pai Gow. I am not aware of any table game or side bet (or slot machine, or keno pay table or video poker game) that has a higher house edge. These games are for those who shun variance and want the lowest volatility.
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