The "Fire Bet."
I know, it sounds like something "The Donald" came up with on his way to earning his first "Emmy" on the "Celebrity Apprentice." (Ed. Note" He WISHES.)
The Craps side wager known as the "Fire Bet" first made it's appearance about three years ago, and to some, it's an enticing lil' side bet. Yeah, we'll admit it - This one roped us in, in the interest of quality news reporting, of course. Never let it be said that we don't play-test things every once in a while. You know, take it for a little spin. (Ed. Note: Here's the untold story - He lost his $5.)
First, a little background on the "Fire Bet:" Perry Staci, a Las Vegas casino supervisor, invented this new proposition bet for craps players that is already being promoted at Harrah's, the Sahara, and the Rio. You can also find this intriguing side wager on the layout at The Cannery on the North side of Vegas.
The bet is that the shooter will be able to make 3, 4, 5 or 6 individual points after a point is established. There are two different pay tables, paying either 7, 25,250, and 1,000 for one, respectively, or 6, 10, 200, and 2,000 for one. The betting limits are $1 minimum and $5 maximum, so a $5 bet could win either $5,000 or $10,000, depending on the pay table.
Passes or Craps rolls on the Come Out Roll do not count, nor does making the same point more than once. Special pucks and a customized table layout are all part of Perry's new addition to the Proposition Box.
While having a shot at winning $10,000 on a craps table for a $5 bet is exciting,this bet is easily the worst one on the layout, with a house edge of 21 to 25%,depending on the pay table.
So, to that end, we'll start our "Side Bet-A-Thon" marathon on July 8th, so keep your eyes peeled for those blog entries in a few days. But, before that, we'll be looking to hit July with a BANG (Ed. Note: An untimely Fourth Of July play on words. Wow. Just. Wow.) when we take a look back at one of our all-time "Greatest Hits" classics - "The $389 Question." Have a good weekend, and we'll see you on Monday!