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craps going to lay only 6 and 8
| July 19th, 2010 at 8:12:42 AM permalink | |
| Doc Member since: Feb 27, 2010 Threads: 20 Posts: 2769 | LOL. And a quick resolution could give more time in which to skip town, just in case that one shot didn't work out! |
| July 19th, 2010 at 8:16:07 AM permalink | |
| goatcabin Member since: Feb 13, 2010 Threads: 4 Posts: 495 |
Ah, an "advantage" player. First, I am not "recommending" a one-roll bet; I am simply stating the fact that, if your goal is to double your bankroll, that is the most likely way to do it. Second, if you really WERE an "advantage" player, that would not be the case. It's the fact that the player is at a disadvantage that maximizes the doubling probability at one bet. Just like the house advantage, a player advantage would compound itself.
What's "foolish" is to make that judgement for anyone except yourself. If a player has 1/2 x, needs x more than he/she needs to hold on to 1/2 x, one bet is the most likely way to get x. This is using the utility of the win amount vs. the utility of the bet amount to drive the bet strategy. Of course, this is an unlikely scenario. You are trying to make it sound like I advocate this as a regular thing, which is, of course, far from the case. Your statement that putting more than 10% of the bankroll on the table is "financial suicide" is what I was objecting to.
OK, you doubled your money. What now? It depends. What's the value of that money compared to what you might win? How much would it hurt to lose it? Since the poster is presumably not an "advantage" player, any further play carries with it an expected loss. Each player has to decide, and the best decision is an informed one.
As I said, I never proposed that as a "solution" at all. I suggested either making one lay bet or using the lower-variance, lower-bet DP. However, as my study showed, doubling the bankroll, although it keeps one in the game more often, actually results in losing more money, on average. The level of "risk of ruin" a player tolerates is up to him/her. Cheers, Alan Shank |
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