Our Forum member and well known author Frank Scoblete just published a new column about pressing bets. And the bottom line of his article is simply this:
"Don’t press. It is a waste of your hard-won money."
I think it's the wrong advice. I think there are times when you should press -- and times when you almost have to press, just as there are times when you should lower your bets, or remove them or "turn the bets off" when you play.
My own strategy is to start pressing when I have already won my initial outlay so that I am theoretically "even" on the hand or play -- or in the case of craps -- when the shooter has already won back my money.
Here's an example at craps:
The point is 6 and I am at a $10 table with full odds on the point of 6. I have the following bets on the table:
$10 on 4; $10 on 5; point is 6 with $10 on pass + $50 odds; $12 on 8; $10 on 9, and $10 on 10.
The shooter on the second roll throws another 6 which pays $70 and I get my $50 odds back.
The shooter then establishes another point. I am not likely to bet full odds on the second point. That is a personal preference and I call it "profit protection." The shooter does throw some more "numbers" and they go into my rail as profit.
Once I have in my rail more than I have put out on the table I can begin pressing -- and I press slowly so that I always maintain a profit and continue to add to the profit.
Let's say the shooter throws a 10 which pays $18. I might use that $18 to add $6 to both the 6 and 8 and add $6 to my rail as profit.
That's how I press. It's the only way to build your profits when luck is on your side.
You can read the full article here:
http://scoblete.casinocitytimes.com/...ing-bets-64421