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Craps Pass Line With Odds Bet - Casino Advantage
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
Sep 5, 2022, 7:28 pm - Orange71 - Mathematics Forum

Roulette predictionReply
Let's suppose their methodology actually can be exploited to gain advantage in a real casino. Why would they publish it? Logically they would apply it to win many millions in casinos, and their names would be in the history books (like early card counters in Blackjack, or Jerry and Marge Selbee, who exploited flawed prize structures in lotteries). I haven't heard of them however.
Dec 21, 2023, 5:56 pm - Orange71 - Mathematics Forum

Craps Pass Line With Odds Bet - Casino AdvantageReply
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
Sep 7, 2022, 1:55 pm - Orange71 - Mathematics Forum

Craps Pass Line With Odds Bet - Casino AdvantageReply
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.
Sep 6, 2022, 12:42 pm - cottoneyedjoe - Mathematics Forum

Craps odds challenge
Craps is a common casino dice game. Briefly, two six-sided dice are randomly rolled, and the values of the faces (1-6) are totaled for the two dice. In the common Pass-line bet, there can be three outcomes (referring to the two-dice total): Win - 7 or 11 is rolled, Lose - 2, 3 or 12 is rolled, or Point - 4, 5, 6, 8, 9, or 10 is rolled. In the case of Point, the game outcome is decided as follows. Additional rolls are taken until either (a) the Point recurs, or (b) a 7 occurs. If the Point occurs
Apr 19, 2024, 5:39 pm - Orange71 - Mathematics Forum

Craps Pass Line With Odds Bet - Casino AdvantageReply
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
Nov 4, 2022, 9:13 pm - eddessaknight - Mathematics Forum

Craps Pass Line With Odds Bet - Casino AdvantageReply
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
Sep 7, 2022, 11:10 am - cottoneyedjoe - Mathematics Forum

Roulette predictionReply
Rouleta Remember all games can be won and lost, a quick tour of Vegas $$$ multi million dollar homes exist for ample verification...... Are you presently in Nevada or what time zone? Hey, wavepack, , haven't forgotten you or rouletta, sorry, casino action on the Vegas strip sometimes very hectic including; being hacked/hijacked and inadvertently out of hand and also backed up up in PM, How long a seasoned wheel watcher? A, very very Happy New Year wihes ~Guy Lombardo His
Dec 31, 2023, 4:43 pm - eddessaknight - Mathematics Forum

Craps Pass Line With Odds Bet - Casino AdvantageReply
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
Sep 24, 2022, 11:27 am - Orange71 - Mathematics Forum

Craps Pass Line With Odds Bet - Casino AdvantageReply
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
Sep 6, 2022, 8:14 pm - Orange71 - Mathematics Forum