Craps Pass Line With Odds Bet - Casino Advantage

Reply #27

eddessaknight — Fri, 18 Nov 2022 00:06:17 GMT

Consider: Numbers may perform randomly but all the nature surrounding us does not

Reply #26

Stack47 — Sat, 05 Nov 2022 04:17:31 GMT

Down goes Frazier , Howard Cosell

Makes about as much sense as quoting Merchant, but at least I provided a link to the quote.

Reply #25

eddessaknight — Sat, 05 Nov 2022 01:13:28 GMT

CASINO ENTRANCE:

During a hot roll at a craps table a Southerner leaned over and shook his fist of encouragement at me:

'Cut ya self new piece bait', said, and fish a little deeper.'

~Larry Merchant

Reply #24

Stack47 — Sun, 23 Oct 2022 05:18:28 GMT

FYI: Because deep down, nature is inherently uncertain, the exact location of quantum particles makes it impossible to predict what is yet to come because of randomized movement . This has led quantum theorists to claim that there is no possibility that an omniscient force could ever predict our actions

Because it's impossible for quantum physics to predict future events like a random lottery drawing or a dice roll, is mentioning just another example of must say something even if it's non t... [ More ]

Reply #23

eddessaknight — Fri, 14 Oct 2022 07:50:49 GMT

Arriving the the point of INTENTION , 0

Reply #22

Orange71 — Tue, 11 Oct 2022 23:23:15 GMT

Metaphysically transforming the self to an alternate plain of consciousness, transcending the shackles of the temporal body, asymptotically approaching Supreme Serenity, or something or other like that...

Reply #21

Stack47 — Tue, 11 Oct 2022 03:48:43 GMT

Maybe they never read Timothy Leary's warnings,

Don't take LSD unless you are very well prepared, unless you are specifically prepared to go out of your mind. Don't take it unless you have someone that's very experienced with you to guide you through it. And don't take it unless you are ready to have your perspective on yourself and your life radically changed,

Reply #20

eddessaknight — Tue, 11 Oct 2022 00:32:25 GMT

Nota Bene:

To all assorted company we keep: A gallery of hustlers, kibetsers, high rollers,

handicapers, suckers, and other citizens of the Republic of chance,,,,, :-)

Quantum Phyisics Law

In any game chance or speculation

THere is no point of certainly.

~ Werner Heisenberg,

Particles themselves are not responsible for their own creation

This is exactly what the latest quantum physics research confirms.

You experience... what you observe with your attent... [ More ]

Reply #19

Orange71 — Mon, 10 Oct 2022 23:34:34 GMT

Stack47, yep, roger that on the weirdness. It's reminding me of the classic Beatles song: Lucy In The Sky With Diamonds.

Reply #18

Stack47 — Sun, 09 Oct 2022 04:42:10 GMT

Facts are not static but rather alive with P oint of View

Facts : things that are known or proved to be true.

Static : lacking in movement, action, or change

Point of view : a particular attitude or way of considering a matter.

Based on definitions, that comment makes no sense because in the real world, you can't change something that is proved to be true. Is it just me or are we seeing some really weird posts lately

Reply #17

eddessaknight — Wed, 05 Oct 2022 16:01:35 GMT

Post Facto, et al

FYI

Facts are not static but rather alive with P oint of View

There is so much more , than meets the eye

Throughout your life's journey, let this be your goal

Keep your eye on the donut and not on the hole !

~Dr Murray Banks

Reply #16

eddessaknight — Mon, 03 Oct 2022 23:26:31 GMT

There are more things in heaven and earth, Horatio, / Than are dreamt of in your philosophy.

SHAKESPEARE

HAMLET ACT 1, SCENE 5, 159 167

Reply #15

Stack47 — Mon, 03 Oct 2022 17:05:53 GMT

there are no systems that will increase player odds

If you have $10 on the pass line and the point is 5, the odds remain the same until the settlement is made; you'll either win or lose $10. Players can increase their payoff odds by taking free odds because the house has no advantage on that extra bet.

Lots of Craps systems are based oh hot or cold tables which in reality is making conditional bets on either. If you guess right, you'll make a profit, if you guess wrong back to the ATM.... [ More ]

Reply #14

eddessaknight — Mon, 03 Oct 2022 00:51:18 GMT

From the horse's mouth, first have to be smart to be LUCKY!

~

From venerable Ancient Chinese house of wisdom: if one could choose between having a good life VS having a Lucky life - a LUCKY life is most prerable

Reply #13

eddessaknight — Sat, 01 Oct 2022 02:24:12 GMT

Thank tou for your considered opinion 0

Odds don't change but probabilities can and facts can have a point of view

For your fun consideration, it's been my experience with all speculator action, that there are special times, when experts in their fields up for, a rather out of the box i.e. extraordinary or abnormal play action that works brilliantly. There is possibly a download into the majestic pituitary or pineal gland that this is the moment to deviate from the textbook with this w... [ More ]

Reply #12

Orange71 — Fri, 30 Sep 2022 23:49:38 GMT

Correct, in games of chance where current and future play is independent of past play , knowing how to figure the odds will not make a winning player. (Examples are lotteries, craps and baccarat.) Neither will software or systems which purport some sort of advantage over randomness. Mathematics are just facts, neither favoring nor disfavoring anyone. There is not, and cannot be, anything extra in my play, your play or anyone else's play. In games of chance where past play changes either probabil... [ More ]

Reply #11

eddessaknight — Fri, 30 Sep 2022 21:41:03 GMT

Knowing how to figure the odds will not make a wining player;

need to have something extra on your play

Caution the odds will deceive you

Reply #10

Orange71 — Sat, 24 Sep 2022 15:27:48 GMT

Astounding streaks happen in any game of chance. In fact, given enough trials (this is the key point ) , they are inevitable.

Casinos go to great lengths to ensure there are no physical factors that result in bias deviating from theoretical odds. The dice used in Craps are very tightly engineered not to have a bias, and they're changed out periodically. Notwithstanding, streaks inevitably still occur. There is nothing abnormal or mystical there, it's perfectly consistent with random fluctuat... [ More ]

Reply #9

eddessaknight — Fri, 23 Sep 2022 20:23:03 GMT

Hey Orange, thought you would find this nformative and interesting on the craps green felt jungle, Las Vegas where the dice never stops rolling

Page 1 (jpg) Barstow s Controversial Theories on Craps

Casino games of so-called independent trials such as craps, baccarat and single-zero roulette, can be beaten long range, as well as short range. This statement is predicated not only on personal experience and observation, but also on one highly unorthodox theory. I believe that, notwithst... [ More ]

Reply #8

Orange71 — Sun, 11 Sep 2022 15:41:41 GMT

Stack47, thanks. I wasn't aware of this variation in northern Nevada. Whether 2 or 12 is barred, of course, the result is exactly the same odds.

Reply #7

Stack47 — Sun, 11 Sep 2022 05:44:13 GMT

On Northern Nevada crap tables 2 is barred and a push on Don't bets.

Nice explanation of the game, odds and house advantage

Reply #6

Orange71 — Thu, 08 Sep 2022 19:31:09 GMT

The equivalent % House advantage per unit bet for Don't Pass with Odds is (45/11)[1/(2n+3)]. n is the Odds multiplier (1x, 2x, 5x, 10x, etc.) Here is the summary

Reply #5

Orange71 — Wed, 07 Sep 2022 21:18:11 GMT

Correction: on Don't Pass, a result of 12 must be a Push , meaning the bet is returned to the player and settled. This is necessary to keep the overall House advantage. The House advantage on Don't Pass is 1.364% (or 3/220 to be precise). In the Pass Line case it's 1.414% (or 7/495 to be precise).

Reply #4

Orange71 — Wed, 07 Sep 2022 17:55:45 GMT

I believe the majority of people playing this game (would it be ungracious to call them chumps?) make one or more of the many other possible bets that have a much greater casino advantage (some even 10%). They might as well be playing the lottery I presume that's why the casinos continue to offer the game. A whale (big-money gambler) coming up to a table betting $10,000 at a time on a Pass Line then taking 100x odds bets ($1M) would be a risky proposition for a casino.

In case you're interes... [ More ]

Reply #3

cottoneyedjoe — Wed, 07 Sep 2022 15:10:34 GMT

Thanks Orange71, you make much more sense than the guy who tried to explain to me before -- granted he was a degenerate gambler and not one for mathematical precision.

What I remember is 7/11 = automatic win, 2/3/12 = automatic loss, 4/5/6/8/9/10 = keep rolling till you either get your number or bust at 7, and also you have to hit the back wall. I worked out the probability of winning the pass line bet is 244/495, same as 7/495 = 140/99% house edge. Now it totally makes sense to put more of... [ More ]

Reply #2

Orange71 — Wed, 07 Sep 2022 00:14:51 GMT

Yes, the odds bet, sometimes called free odds , is universally paid according to the true probabilities, without house advantage. However, before making this bet, you must make the Pass Line bet first, and that has a 1.414% house advantage. The casinos vary in how much you can bet on the odds as a multiplier of the original Pass Line bet. For example, a casino that offers 10x Odds on a $10 Pass Line bet will let you bet up to $100 on the odds bet.

As an example of how odds or free odds func... [ More ]

Reply #1

cottoneyedjoe — Tue, 06 Sep 2022 16:42:51 GMT

Interesting analysis. I didn't know the additional side bets in craps had true odds and no house edge. Is this universal, or does it vary by establishment?

I'm not a casino gambler but someone tried to explain craps to me a long time ago. Afraid I couldn't make heads nor tails of it.

Craps Pass Line With Odds Bet - Casino Advantage

Orange71 — Mon, 05 Sep 2022 23:28:05 GMT

For those with an interest in Craps, a dice game that is available in just about any casino with table games, I have worked out a simple formula for % casino advantage for the Pass Line bet (which is probably one of the most common bet in Craps) coupled with a side odds bet. Briefly, the initial Pass Line bet has a casino advantage of about 1.414%, but in most casinos an additional (side) odds bet (after the Pass Line bet) can be made, and the odds bet is paid at true odds (no additional casino