Gambling Plus Minus

The short answer to the question of 'what do the plus and minus signs before the odds number mean' is: a minus sign indicates a favourite to win, while a plus sign indicates an underdog. For instance - let's say that a team is -145 to win a game. A 'minus' (-) preceding the number indicates the team is a favorite. A 'plus' (+) preceding the number indicates the team is an underdog. The Dolphins' odds are -180, meaning an $18 bet would win $10 for a return of $28. The Jets' odds are +160, meaning a $10 bet would win $16 for a return of $26.

The Revere Advanced Plus Minus Card Counting system is an
advantage play technique for blackjack that was originally
presented in Lawrence Revere’s book, Playing Blackjack as a
Business. It’s a simple and straightforward system for
beginners, which makes it unusual among the multiple counting
systems that Revere published in that book.

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This page explains how the system works, how you can use it,
and what the pros and cons of the system are.

How The Revere Advanced Plus Minus Card Counting System
Works

All card counting systems work by tracking (in an approximate
way) the ratio of high cards to low cards in the blackjack deck.
When the deck has a higher number of high cards than low cards,
the counter raises the size of his bets. When the opposite is
true, the counter lowers his bet sizes.

Here’s how that works:

The biggest payoff you can hope for in blackjack is for
a natural, or a blackjack. That’s a 2 card hand with a total
of 21. You can only get dealt a blackjack if you get an ace
and a 10.
If a deck of cards has more aces and 10s in it than
usual, your chances of getting dealt a hand with this higher
payoff increases, and vice versa.
By raising your bets when you have a chance of getting
that higher payoff, you reverse the odds. Instead of the
casino having an edge of 0.5% over you, you have AT LEAST an
edge of 0.5% against them. Maybe even as much as 1% or 2%.
And you don’t have to memorize the deck or the cards
that have been dealt, either. You just need a system that
tracks these numbers in a general way. This is done by
assigning values to the high and low cards and tracking a
total count as the cards are dealt.
The high cards count as negative, and the low cards
count as positive. The more low cards that have been dealt,
the higher the ratio of high cards to low cards gets. And
vice versa.

The Revere Advanced Plus Minus Count is a single level,
balanced system. You only have to add + or – 1 for each card you
see. (Some cards are 0.) And there are an equal number of +1s as
there are -1s, so the count at the end of counting through a
deck winds up at 0.

When the count is positive, you raise the size of your bets.
When it’s 0 or negative, you bet the table minimum. The higher
the count, the more you bet. It’s that simple.

Just remember to start over at 0 when they reshuffle the
deck.

How to Use the Revere Advanced Plus Minus System to Get an
Edge at Blackjack

The cards in this counting system have the following values:

9s and 10s: -1
2s, 3s, 4s, 5s, and 6s: +1
All other cards: 0

When you see those cards, increase or decrease the
count accordingly.

This system works best in single deck games. It doesn’t
really offer any significant advantages over other single level
balanced systems. Most card counters are using something similar
called the Hi Lo System as their starter counting system, but
some players do like Lawrence Revere’s approach.

Be more likely to take insurance if the count is positive,
but be careful. The casino knows that this is a good indicator
that someone might be counting. The reasons for taking insurance
in this case should be obvious—with more aces and 10s in the
deck, the dealer has a better chance of having a blackjack, too.

Playing Blackjack as a Business and the Pros and
Cons of Revere’s Systems

Playing Blackjack as a Business is one of our
favorite blackjack and card counting books. It features a number
of beautifully colored and drawn tables which explain the
intricacies of basic strategy and the changes you should make
based on the count. An even more interesting but related book is
Lance Humble’s opus, The World’s Greatest Blackjack Book.
In it, he relates several anecdotes related to his experiences
playing with and learning from Lawrence Revere, who was
apparently quite a character. In one story, Revere showed him
that he had filched the 5s from a deck of cards and was throwing
them away in the bathroom. The 5s have the biggest negative
effect on the players’ odds of any card in the deck, so by
eliminating them from the deck, Revere had insured better odds
for all the players at the table. The accuracy of that story is
unknown to us.

Most of the systems in Revere’s book are quite a bit more
complicated than this one. In fact, I’m not sure why he billed
this as being “advanced” when he named it. Maybe he thought that
would make it seem more valuable to prospective customers.

This system is strong enough to use with a single deck game,
but it’s not well-designed to be used in a game
with multiple decks.

If you do use it for such purposes, you’ll
need to convert the running count into a true count. That’s not
too hard to do—here’s a quick primer on that:

The running count is the true count in a single deck game,
but in a game with multiple decks, the effect of one card being
dealt is diluted by the number of cards in the deck. It’s easy
to understand how dealing one card has the effect based on 1
card out of 52. But in a game with 2 decks, it’s only 1 card out
of 104—so it doesn’t have as big an effect on your odds. That
dilution effect increases with more decks in play.

To account for this, you take the running count and divide it
by the number of decks left in the shoe. (You have to learn how
to estimate this.) That will give you the true count. It’s more
complicated this way, but it provides you with a better estimate
of your edge. If you raise your bet in an 8 deck game according
to the running count, you can run into big trouble.

Summary

The Revere Advanced Plus Minus Card Counting System is a
little bit of antique in today’s advantage play market. It’s
simple enough to use, but other more modern systems provide a
better bang for your buck. The book, Playing Blackjack as a
Business is worth reading, though—the presentation is excellent.
The author, Lawrence Revere, was one of the true characters of
the sport.

At the Online Gambling Paper we always stride in helping bettors by explaining the basic sports betting terminology in the simplest way possible. Here we will look at the term 'money line', its variations, mistaken meanings and more. As usual examples will be provided to help you better understand what money line means in sports betting. So let's begin without wasting any more time.

The term 'money line' will be seen in sports betting mostly in the United States and it's often referred to as 'American odds' (although this is a mistake, read last paragraph). It usually takes the form of a plus '+' or minus '-' sign, followed by a three digit number, for example, -110. The simplest explanation of the money line term in sports betting is - the odds on an outright (or straight-up) outcome of a game or other sporting event. This makes money line the best bet for beginners, since you simply bet on who will win the game, period. Here is an example, at the online sportsbook Bookmaker, the money line on the NFL game Broncos @ Patriots is as follows: Denver +145, New England -165. This means that the money line odds on Denver to win the game, without any other conditions, such as point spread, straight-up are +145 and the money line on the Patriots to win the game is -165. Here would be a great time to explain what these numbers (or 'lines') mean:

Calculating the American odds, or money line odds, is very simple, although to a foreign or a beginner bettor it would be a complete gibberish. This is how you calculate the money line - if there is a plus sign '+' in front of the number, the number shows how much money you will win for every $100 you wager, if your bet is a winner. For example, if the Denver Broncos win the game, you will win $145 for every $100 wagered, i.e. if you bet $200 you will win $290. And if the sign if front of the money line odds is minus '-', the number shows how much you have to bet in order to win $100. Looking at the above example, if the Patriots win the game you will have to bet $165 to win $100, i.e. if you bet $165 on the Pats to win the game and they do, your money will go from $165 to $265 (the $165 you initially wagered + the $100 won). By looking at the money line odds you can easily spot the favorite and the underdog - the favorite team holds money line odds beginning with minus and the underdog holds odds beginning with plus. There is one other form the money line odds can take, that being 'EVEN', often posted by the sportsbooks as 'EV'. This simply means that you will get paid even money on your bet. For example, if the money line odds on the Broncos were listed as 'EVEN' you will get $100 for every $100 bet, or $150 for every $150, etc.

Now that you know how the money line works in sports betting, here would be the perfect place to clear a confusion often ran into by people new to betting or to the American system of betting odds. It's very important to make a clear distinction between 'money line' and just 'line'. As we already explained, 'money line' is a form of bet, relating to the straight-up outcome of the game. In this aspect, money line is similar to 'point spread' or 'total'. On the other side, 'line' is the payout on the bet, i.e. how much you will win if your bet is a winner. In this regard, 'line' is similar to 'odds', the form for calculating payout in the U.K. (fractional) or 'coefficient', the form for calculating payouts in Europe, also called 'decimal'. I know it got overly complicated all of a sudden so let's look at an example once again. The image below has been taken from the online sportsbook BodogLife and shows part of their NFL betting sheet. To show you the difference between 'money line' the bet and 'line' the form of calculating the payout, we have circled 'money line' with red and some of the 'lines' with blue:

As you can see, the Titans line on the point spread is -115 or how much you will win if the team covers the spread, while the money line on the Titians is -400 or how much you will win if the Titans win the game.