Double Or Nothing Betting Strategy

admin 4/4/2022

Casino games can be a lot of fun to play but every player dreams of hitting that big cash Jackpot. That same dream Jackpot which can take seasoned players years to win. However, there are stories of players who have won life-changing payouts from only one spin or gaming session at a casino. The most popular story to date is about Ashley Revell who, bet his life’s worth on one spin of the roulette wheel.

Ashley Revell, Was He Crazy Or Just Very Lucky?

There are many stories of seasoned gamblers who have won against the odds at roulette tables including the James Bond actor, Sean Connery. Ashley Revell will, however, take the first place when it comes to the craziest, luckiest and most memorable win at a roulette table. The 32-year-old Briton travelled to Las Vegas with nothing but the clothes on his back and the cash in his pocket after selling all his worldly possessions. This was because of an idea that he and a friend had come up with during a one of their drunken banters at a pub. He was literally going to test fate by betting the worth of all his worldly possessions on one spin of the wheel at a Las Vegas casino.

AEW established Double or Nothing as their premier pay-per-view last year to rave reviews from fans. This year’s installment was also scheduled to take place in Las Vegas, but the COVID-19 pandemic unfortunately caused the event to be bumped to Daily’s Place in Jacksonville, FL in front of no fans. There are two main Double or Nothing poker strategies: 1) Take a lot of risks right from the beginning. Play very aggressively to try and gather as many chips as possible. You'll be taking advantage of your opponents' fear since most people are usually pretty tight in these tournaments. The Double or Nothing This strategy is all about large risks. Cashing out at 2x, 3x 4x, etc. The theory is that higher wins will offset the losses. The double or nothing feature in video poker is the only other casino bet, besides the odds in craps, with no house edge. Whether or not you take it depends on your reason for playing.

This Story is amazing for a couple of reasons. Firstly, the game of roulette is one where the house (casino) always has an edge and very few players manage to win large payouts. Secondly, very few people have accomplished walking into Las Vegas with pennies and turning them into life-changing payouts and at the same time getting their names into the history books. Ashley Revell did all these things in one spin of the roulette with more to lose than every other gambler at the Plaza Hotel and Casino. His gamble worked out well for him even though he had changed his mind at the last minute and bet double or nothing on red instead of black. His smartest choice, however, was not trying to push his luck and walking away after that bet.

The Moral From The Ashley Revell Story

Every casino game comes with a bunch of strategies that many veteran players will swear by. These tricks and tips do not always work. The accomplishments of Ashley Revell only help to prove that there is only one strategy that matters when it comes to gambling, luck! It’s a strategy that is very hard to master and it can be used to beat even the most impossible odds at the casino. When using luck as a strategy it is important to have some restraint and know how to quit when you are ahead because it comes and goes without warning. Great gambling legends such as Charles Wells learned this lesson the hard way.

Casino Providers Know Great Winners

If you are looking for the latest news and insights on the best casino providers and the latest online casino games then you should check out aboutslots.com. We have lists, blogs and reviews on the top casino providers the best casino bonus promotions and the latest casino streaming events.

Appendices
Strategies
- Jacks or Better
- Deuces Wild
- Quick Quads
- Ultimate X
Miscellaneous

Certain video poker machines have a 'double down' or double-or-nothing wager feature when you win a hand. I usually avoid this wager, not wanting to risk winnings in excess of my original bet. But I AM tempted to try this wager on winning hands that only pay even money on the original bet. My reasoning is that the machine's usual payback is somewhere in the 96-99% range, which includes rare hands over the long haul; but in this circumstance, this bet would seem to payback an even 100% over a shorter period of time.

The double or nothing feature in video poker is the only other casino bet, besides the odds in craps, with no house edge. Whether or not you take it depends on your reason for playing. If you are playing a negative-expectation game, for purposes of entertainment, then I think you should accept the double-up option in moderation, depending on on your desire or aversion to volatility. The reason is that it is better to play a game with zero house edge than a positive one. However, you have to balance that against your tolerance for risk. If you are fortunate to be playing a positive-expectation game, then I would decline the opportunity to double.

What are the guidelines for doubling up on winning hands in video poker? If I do double up and the 5 cards show a winning hand, would that have been my next hand had I not doubled up?

The double up feature is truly fair and has no house edge. This is one of the few times I say you can go either way and just do what you want. From what I know of how slots are programmed the cards you get in the double up screen are not what you would have got on the next hand. Random numbers are constantly being drawn and those chosen at the exact moment you hit 'deal' determine what cards you get.

You wrote, 'The double up feature is truly fair and has no house edge. This is one of the few times I say you can go either way and just do what you want.' The same, of course, is true of true odds bets at craps. So, why promote taking odds at craps and not promote doubling up? Just as you can drop the house edge to essentially nothing at craps, you can do the same thing at video poker or blackjack...My own reasoning is that cutting cards against the casino for fair stakes is just boring, but I'd be interested in your opinion.

You are of course quoting me from my March 24 column. This is a good and fair question. I should point out that taking or laying the odds in craps does not help the player to win more, only to bet more at no additional expense. The reason I encourage craps players to bet on the odds is that it is the cheapest bet on the table and is truly a craps bet. All odds, as well as place, buy, and lay bets win if one number is thrown before another. This is a very fundamental aspect of the game. It only makes sense for the player to make the bet with the lowest house edge. Refusing the odds in craps to bet on something else instead is like refusing a free coffee refill in a restaurant and instead buying another cup.

As I pointed out in the last column some video poker games allow the player to make a double or nothing bet with no house edge. The reason I am not as forceful about taking this bet is that it does not follow the flow of video poker. The video poker player is generally not there to make a mindless even money bet. Gambling should be thought of as entertainment, for which the player should expect to pay for. If the player doesn't get any entertainment value out of the double up feature then he shouldn't pay for it, even with no house edge. So my advice to the video poker player is make the double up bet if you enjoy it, otherwise don't.

How does multiple doubling up in video poker cut the house edge?

This question refers to advice I gave in my newsletter, suggesting video poker players take the double up option when playing for a bonus at a Playtech casino. Doubling up does not lower the house edge of video poker, but does introduce another bet with zero house edge. For the same reason you should take or lay odds in craps it cuts the overall house edge playing video poker if you take the double up feature. Playtech does count double up bets towards the play requirement, so it gets the player to the bonus with less expected loss. So unless you are playing a machine with a return of over 100% and you don’t mind extra volatility then I recommend accepting the double up option.

In your last column you said you liked the double up feature in video poker. How many times is the player allowed to double up and how many times do you recommend?

I understand that at least with some machines the number of doubles is configurable but is usually set to 4 or 5. How many times you should take the double up depends on how good or bad the pay table is and your tolerance for risk. If your goal is to achieve the highest expected return then you should double up the maximum number of times, or at least until a win would put your over the W2G threshold of $1200. When I play negative pay tables online I usually double up to $100 to $1000, depending on how much action I have to grind through and my winning goal. My advice is to ask yourself how much you are comfortable betting on the turn of a card and keep doubling up to that point.

If there is no house advantage in the double up feature in video poker, why do the casinos offer it?

Double Or Nothing Betting Strategy Against

Just to attract customers who like it. It definitely lowers hands per hour, and thus profits, but if they get extra players it may be worth it.

I am a very big fan of using the double up feature of video poker. Is there any limit to the amount of money you can win with double up or is it pure luck. For instance does a game only pay out for instance 99% of all credits doubled, or can you win any amount not matter how much credits has been lost at double up. It is crucial for me to know this.

Double Or Nothing Betting Strategy Odds

Any legitimate game maker has the double up feature as a truly fair bet with a 100% return. So you have a 50/50 chance of winning any given bet (not counting ties) regardless of the amount bet or the results of past bets.

Double Or Nothing Betting Strategy Strategies

In slots or video poker, when playing with a double or nothing feature, how many times should I try to double?

Double Or Nothing Betting Strategy

It depends on your reason for playing. If you are trying to achieve some winning goal, like doubling your bankroll, then you should keep doubling until you reach your goal, or you reach the maximum number of doubles allowed. If you are trying to play as long as possible on a given bankroll, then I would double only on small wins, and then only once. If you have some combination of both goals, then I would have a mixed strategy. The more important winning is to you, the more aggressive you should be doubling. The more important “time on device” is to you, the less you should be.