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After all wagers are made, the piquero cranks a handle, sending the horses spinning around the tabletop. A wooden and metal machine featuring 24 horses is positioned behind a corresponding table with a grid of all 24 numbered horses. But instead of a white marble rolling around a wheel, Pica has a wild setup that offers plenty of fun.

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The player can wager on even/odd, a column, a number straight-up, or he can mix and match as he decides. Most other side bets, no matter the game, are much less volatile than Lucky Ladies in blackjack or the Dragon side bet in EZ Pai Gow. A player wins this bet by making a wager that a Banker three-card total of seven will beat the player’s hand. I am not aware of any table game or side bet (or slot machine, or keno pay table or video poker game) that has a higher house edge. At the extreme of volatility for blackjack side bets is the Lucky Ladies side bet (not included in the table).

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• The four wagers listed for craps in Figure 9 illustrate that a player can pick and choose his variance.
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• We should start with outside bets, such as red/black or odd/even, as these offer better odds.

These games are for those who shun variance and want the lowest volatility. It is almost as wild a ride as playing a number straight-up in roulette. High variance games and wagers are for those who like a lot of volatility.

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