Fun side bet with 50/50 odds!

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ortango

Well-Known Member
I made up a cool side bet today, although I'm sure many of the veterans have seen this. Since I usually don't go with friends, I never thought of it, but my pal and I put up a 50/50 five dollar bet on each hand. Whoever got the best hand with the first two cards won. Then my other pals joined in making it a cool side bet for us 4, with even odds.

The casino didn't mind, though they probably didn't like the fact that we weren't giving THEM our money with their terrible side bet. Of course this would have been way too distracting in a shoe game where'd I would count, and the only reason I was playing this was because it was CSM for low stakes to teach my pals BS. But it was FUN, talking smack and taking each others money.

Also, I want to mention two other things that happened today, since they probably don't deserve their own posts. First, I spilled my drink all over the table, getting all fancy with my "stand" hand shake. The liquid almost made it to the dealer, and it was just a bad situation. I tipped the dealer and apologized to everyone, because they had to move us. However, my pal thanked me because while we passed the roulette table during our move he put $30 down on 7 on the and hit it.

One other "funny" thing tonight, which actually pissed me off quite a bit...... a guy put down a black on his "last hand" kamikazee (obviously not a very smart player) after losing greens all night. And of course the laws of blackjack mandate that you get a 11 against a 6 if you make it your "last hand". HA. Of course I was IMMEDIATELY pushing my black up to back bet him and assuring I have his back. Heck, in a night of CSM action, I was VERY happy to have one up on the house. The funny thing is, this old dude started pushing his chips up, insisting HE will do it. But the guy liked me better and let me get in on it, and assured me I will get half the win. And of course I agreed and although I felt bad for suckering him... you all know that I HAD to do it. :laugh:

Of course we win, yells and high fives all across the table and all that. Then he takes his win.... and gives me five 10 dollar chips. "There you go bud, half your win." :flame: :flame: :flame:

I almost shat my pants. That is what he meant by half my bet!!! And I guarantee you he was not a hustler. Just a moron who didn't even play BS very well at all. I really did not know what to do at that point, and since it wasn't even dealer related.. I couldn't do anything!! The dangers of backbetting morons I guess. Since we won I let it slide but i was PISSED that he won 3:2 with MY MONEY. I am way too nice. Hard lesson learned on my part. I did tell him though... the old guy can have your double next time.
 
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E-town-guy

Well-Known Member
ortango said:
I made up a cool side bet today, although I'm sure many of the veterans have seen this. Since I usually don't go with friends, I never thought of it, but my pal and I put up a 50/50 five dollar bet on each hand. Whoever got the best hand with the first two cards won. Then my other pals joined in making it a cool side bet for us 4, with even odds.

The casino didn't mind, though they probably didn't like the fact that we weren't giving THEM our money with their terrible side bet. Of course this would have been way too distracting in a shoe game where'd I would count, and the only reason I was playing this was because it was CSM for low stakes to teach my pals BS. But it was FUN, talking smack and taking each others money.

Also, I want to mention two other things that happened today, since they probably don't deserve their own posts. First, I spilled my drink all over the table, getting all fancy with my "stand" hand shake. The liquid almost made it to the dealer, and it was just a bad situation. I tipped the dealer and apologized to everyone, because they had to move us. However, my pal thanked me because while we passed the roulette table during our move he put $30 down on 7 on the and hit it.

One other "funny" thing tonight, which actually pissed me off quite a bit...... a guy put down a black on his "last hand" kamikazee (obviously not a very smart player) after losing greens all night. And of course the laws of blackjack mandate that you get a 11 against a 6 if you make it your "last hand". HA. Of course I was IMMEDIATELY pushing my black up to back bet him and assuring I have his back. Heck, in a night of CSM action, I was VERY happy to have one up on the house. The funny thing is, this old dude started pushing his chips up, insisting HE will do it. But the guy liked me better and let me get in on it, and assured me I will get half the win. And of course I agreed and although I felt bad for suckering him... you all know that I HAD to do it. :laugh:

Of course we win, yells and high fives all across the table and all that. Then he takes his win.... and gives me five 10 dollar chips. "There you go bud, half your win." :flame: :flame: :flame:

I almost shat my pants. That is what he meant by half my bet!!! And I guarantee you he was not a hustler. Just a moron who didn't even play BS very well at all. I really did not know what to do at that point, and since it wasn't even dealer related.. I couldn't do anything!! The dangers of backbetting morons I guess. Since we won I let it slide but i was PISSED that he won 3:2 with MY MONEY. I am way too nice. Hard lesson learned on my part. I did tell him though... the old guy can have your double next time.
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You should have definitely said something immediately, and even motioned for the $100 chip. This is of course assuming I have the story correct: you gave him $100 for a double down, he won, and all you got back was $50 for a $50 loss.
 
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ortango

Well-Known Member
Yes, you have the story right. The guy was offering to let me buy in the double for HALF the win. Of course I didn't realize it when he said, "of course I will give you half the win." The guy obviously got the good end of this deal, and instead of me suckering him, HE SUCKERED ME, without even knowing. Like I said, he was not an AP, not even a moderately good BS player.
 
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ScottH

Well-Known Member
E-town-guy said:
You should have definitely said something immediately, and even motioned for the $100 chip. This is of course assuming I have the story correct: you gave him $100 for a double down, he won, and all you got back was $50 for a $50 loss.
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If that's the way it happened you might have to go talk to him about the situation in the parking lot! :mad:
 
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mrbill

Well-Known Member
ortango said:
Yes, you have the story right. The guy was offering to let me buy in the double for HALF the win. Of course I didn't realize it when he said, "of course I will give you half the win." The guy obviously got the good end of this deal, and instead of me suckering him, HE SUCKERED ME, without even knowing. Like I said, he was not an AP, not even a moderately good BS player.
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I still don't get it. Let's put this in numbers so things are clearer
  1. Moron - Bets $100. So now there is $100 at risk.
  2. You - Cover the DD with $100. Now there is $200 at risk.
  3. Moron wins - Receives $200 so he has $400.
  4. Moron gives you $50 and says this "Here's half your win"
  5. Moron leaves with $350 and you have $50 less than you started with

If that's true then I don't know what I would've done but I'd have never let him get away with it. I would've demanded at least my original black chip back.

"Half your win" in this case means I would have expected to get $150 back from the moron. That's my original $100 investment plus half of the winnings on my $100.
 
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ScottH

Well-Known Member
mrbill said:
I still don't get it. Let's put this in numbers so things are clearer
  1. Moron - Bets $100. So now there is $100 at risk.
  2. You - Cover the DD with $100. Now there is $200 at risk.
  3. Moron wins - Receives $200 so he has $400.
  4. Moron gives you $50 and says this "Here's half your win"
  5. Moron leaves with $350 and you have $50 less than you started with

If that's true then I don't know what I would've done but I'd have never let him get away with it. I would've demanded at least my original black chip back.

"Half your win" in this case means I would have expected to get $150 back from the moron. That's my original $100 investment plus half of the winnings on my $100.
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Yeah, 150 definitely has to be the minimum to get back. If you only get 100 back or less I would have some problems with that.
 
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dacium

Well-Known Member
Actually I think if you got $150 back then that is fair enough.

When you put the hundred out you are going to win over twice as often as you loose. So even if you only get 1.5:1 you are still making money. Maybe this guy did know what he was doing all along? If I let someone chip in like that when I was down I wouldn't pay them 1:1 either, but of course I would never be short of chips!

One hand at a 15$ table I was down to 30$ and got 11 against a 6 and put my double bet out before the player in front of me acted. She had 14 and decided to hit like silly girl she was. She draws a ten and I end up with a 4. Dealer ends up drawing to 17 with an ace. But then again if she hand't of drawn, he would have gotton 21!
 
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dacium

Well-Known Member
Just to clear up, the guy obviously got $150 back, not $50, because he said the other guy won 3:2 on his money (150 from 100)
 
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E-town-guy

Well-Known Member
Even if he got $150 instead of the $50 we were under the impression of its still a horrible deal in the long run. If he loses the bet you lose $100, if he wins you win $50, thats a sucker bet. A double down, even 11v6 isn't good enough to accept a 50% payout on your money. Thats why, even though some (including zg) recommend trying to make an extra few bucks by getting in on someone's double down or split its very risky. People could do something like what happened above or if they win just give you back your original bet and say "Thanks!"
 
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ortango

Well-Known Member
Yes, of course I got $150 back (my 100 plus 50). This is however, a bad bet even with a definate advantage of 11 against 6, because you are only going to win half while betting full.

Yes, this is not to his advantage to let me backbet for full because he can't hit again. But you guys should know that backbetting someone on their last hand is a key advantage player strategy, but not in my wildest dreams did I think this guy expected me to accept half the win. Threatening him would have only gotten me more attention, and I don't think explaining it would have gotten results.

Moral of the story: make sure you make the conditions clear if you jump in on a bet.
 
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