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Bingo For Prizes

Bingo For Prizes, A winning Player hand is paid off at one to one. Thus, if you bet ten dollars, you win ten dollars. A winning Bank hand is paid off at even money with a commission, usually five percent, extracted on each win. This means that if you bet ten dollars, you win $9.50. This commission is collected after the shoe is finished but you can request to “pay as you go.” If you are playing $25 or $75 per hand and are allowed to “pay as you go,” you might find that the casino will “drop the change,” (a winning $25 Bank bet should have $1.25 extracted, a winning $75 Bank bet should have $3.75 extracted but some casinos will just take $1 and $3 respectively in such cases) reducing the bank commission to four percent and the Bank’s house edge more than 50 percent The Tie hand is paid at eight to one. Thus, a winning tie bet of $10 will return $80. If you bet on either Bank or Player and the Tie wins, you do not lose your bet. It is a push.

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