Late betting

Late betting

Late betting or past posting is making a bet after the time when no more bets are to be taken. It is considered cheating because information may have become available, including the outcome of the event, that was not available to those making earlier bets.

The term past posting originates from horse racing where a bugler sounds a "call to the post"[1] just before the race begins. This is also the signal that no more bets can be taken. Any bets made after that time occur after or past "the post".

In other forms of gambling, the dealer may announce "No more bets" or wave their hand over the table in a specific manner. In roulette game for example, past posting refers to placing a bet after the ball lands in a pocket. The player has to distract the dealer's attention to be able either to move the bet to or to place a bet on the winning number. Past posters in roulette games play in teams. According to most cheating strategies the player who succeeded in placing a past posting bet and did not get caught is to make a few more bets (now legal) and leave the table.[1]

This was more feasible in the days before live television or radio broadcasts of sporting events. It is featured especially in the 1973 film The Sting, which was set in 1936, as the basis for the successful con played on Doyle Lonnegan, played by Robert Shaw. In this case they used the wire transmissions of Western Union before made public to find results of already run races. In addition, Came a Hot Friday, set in 1949, and starring Peter Bland, showed a less elaborate practice of past posting, but in this case, the ruse all went wrong.

It was also shown in the movie The Grifters directed by Stephen Frears. In the movie, we can see Lilly Dillon played by Anjelica Huston manipulating the odds this way.

A variant of this is "pinching", where the bet is not moved but its amount is changed after the result. After a losing bet, the player removes chips from a stack through sleight-of-hand to reduce losses. The player may also plant high value chips underneath one or more low value chips visible on top, further reducing the payment for lost rounds, however, a bet found with high value chips underneath low value chips may be seen as suspicious. In either case, the top chip remains unchanged giving the same outward appearance of the bet, and will not be altered if the bet wins. This would be less practical to repeat over and over on the more long-shot bets like straight-up, whereas the even-payout bets on average would only require close to one pinched loss for every unpinched win.

Pinching may be done on many casino games, and in the case of card games, a skilled cheater may use cards to both snatch a chip out of the stack and conceal it as it is slid back to the player's pile.

See also

References

  1. ^ "Past Posting - Cheating in Roulette". Roulettedoc.com. http://roulettedoc.com/article-online-roulette-past-posting.htm. Retrieved 2010-06-10. 

Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Betting (poker) — This article describes only the common terms, rules, and procedures of betting in poker. See poker strategy for the strategic impact of betting. In the game of poker, the play largely centers around the act of betting, and as such, a protocol has …   Wikipedia

  • Betting in poker — Poker positions at a 10 handed table. This article is about the common terms, rules, and procedures of betting in poker only. For the strategic impact of betting, see poker strategy. In the game of poker, the play largely centers on the act of… …   Wikipedia

  • Betting exchange — The term betting exchange is used to describe a form of bookmaking in which the operator offsets its risk perfectly through technology, such that the effect to the customer is that customers are seen to bet between themselves. Coined because of… …   Wikipedia

  • betting — n. 1 gambling by risking money on an unpredictable outcome. 2 the odds offered in this. Phrases and idioms: betting shop Brit. a bookmaker s shop or office. what s the betting? colloq. it is likely or to be expected (what s the betting he ll be… …   Useful english dictionary

  • Late Chrysanthemums — Infobox Film name = Late Chrysanthemums (Bangiku) image size = caption = director = Mikio Naruse producer = writer = Fumiko Hayashi (stories) Sumie Tanaka (adaptation) narrator = starring = Haruko Sugimura Sadako Sawamura Chikako Hosokawa Yuko… …   Wikipedia

  • Parimutuel betting — (from the French language: pari mutuel , mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take or vig are removed, and payoff odds are calculated by sharing the pool among …   Wikipedia

  • Off-track betting — (or OTB; in British English, off course betting) refers to sanctioned gambling on horse racing outside a race track. Contents 1 US history 2 See also 3 References …   Wikipedia

  • Craps — Example of playing dice used in craps Craps is a dice game in which players place wagers on the outcome of the roll, or a series of rolls, of a pair of dice. Players may wager money against each other (street craps, also known as shooting dice or …   Wikipedia

  • Equestrian Sports — ▪ 2009 Introduction Thoroughbred Racing. United States.       A seemingly invincible three year old colt named Big Brown took American Thoroughbred racing by storm during the 2008 spring classic season. In the 134th Kentucky Derby on May 3, Big… …   Universalium

  • sports — /spawrts, spohrts/, adj. 1. of or pertaining to a sport or sports, esp. of the open air or athletic kind: a sports festival. 2. (of garments, equipment, etc.) suitable for use in open air sports, or for outdoor or informal use. [1910 15; SPORT +… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”