Since craps is a negative expectation game, you are destined to lose. And the longer you play the more you will lose. So what are you getting at? And what are you selling?
I don't know about the rest of you but when I gamble, I totally hate myself and try to lose all of the money as fast as I can so that I don't have to gamble anymore.Quote: PensiveGerbil
If you play craps to have fun and try to win money, then variance is your friend. If you have other goals, however...
I have nothing to sell. I am seeking guidance and discussion about reduced variance betting strategies in a manner which I hope will minimize controversy and off-topic posts.
So what betting strategy (or strategies) will maximize your expected prize money?
I don't know about the rest of you but when I gamble, I totally hate myself and try to lose all of the money as fast as I can so that I don't have to gamble anymore.Quote: s2dbaker
A gazillion years ago I came up with a better (lower-edge) hedge than the typical don't + place system. For a $10 3/4/5x table, do this:
$55 don't pass
Take odds as follows:
4 or 10, $30 for a guaranteed win of $15
5 or 9, $36 for a guaranteed win of $9
6 or 8, $40 for a win of either $3 or $5.
You could also bet 10 pass, 65 don't and take full odds. That wins 5 on every winner and a larger amount on sevens, which might be preferable due to the come out exposure of 7, 11. A long hand just wins 5 per roll, and many established numbers helps you recover a bit from the eventual 7-out.
Do this on every roll with come bets.
But with the terms you cited, you should figure out if the iron cross plus a 7 hedge isn't better. No time now tho.
Edit: I think this is the answer you were looking for...
150 do, 150 don't, 5 midnight. Guarantees you at least 30k in handle with no more than $500 loss for 500 prize win.