Does Roulette have the best edge on a 35:1 bet?

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April 4th, 2010 at 12:06:57 AM permalink

boymimbo

Member since: Nov 12, 2009
Threads: 11
Posts: 2179

Roulette is a fine game when there is only a single zero and the 1/2 return "en Prison" or "Le Partage" rules are in effect - the house edge drops to 1.35%. But American Roulette at 5.26% sucks.

Craps is not about low returns. True that the lowest edge on the center bets is 9.09% for the Hard 6 and 8, but it is a game where at least where you get paid close to true odds on pass and come bets when they hit. It's actually a fairly volatile game as well.

If you want to play for REALLY low returns, try Pai Gow, or Baccarat.

----- You want the truth! You can't handle the truth!

April 4th, 2010 at 11:52:44 AM permalink

goatcabin

Member since: Feb 13, 2010
Threads: 4
Posts: 495

Quote: boymimbo
Roulette is a fine game when there is only a single zero and the 1/2 return "en Prison" or "Le Partage" rules are in effect - the house edge drops to 1.35%. But American Roulette at 5.26% sucks.

Still, you cannot get a 35:1 payoff in craps at all, and the 30:1 bets have a 13.9% HA, compared to roulette's 5.26. So, I agree that if you want to bet on longshots, roulette is better than craps.

Quote: boymimbo
Craps is not about low returns. True that the lowest edge on the center bets is 9.09% for the Hard 6 and 8, but it is a game where at least where you get paid close to true odds on pass and come bets when they hit. It's actually a fairly volatile game as well.

In craps, you get high volatility two ways:
1. with high odds multiples
2. with progressive betting

Of course, no matter how much you bet on the odds, the payoff is never more than 2:1, but you can get monster variance, relative to the expected loss. For different odds multiples, here are the standard deviations, relative to the FLAT bet:


odds multiple  SD / flat bet
  0             .999
  1            1.893
  2            2.857
3,4,5          4.915
  5            5.824
 10           10.821
 20           20.801
100          100.794

Of course, you can't get that volatility without risking a hell of a lot of money. I guess the attraction of roulette is that you can get that 35:1 with a minimum bet and still pay "just" 5.26%.
Cheers,
Alan Shank

April 4th, 2010 at 3:45:06 PM permalink

pacomartin

Member since: Jan 14, 2010
Threads: 508
Posts: 5167

Quote: boymimbo
Craps is not about low returns.

Well I meant that each play will only return 1:1 7:6 9:5 3:2 2:1 19:10 or in the field bet 3:1. You can get a high return over the course of the afternoon.

But sometimes it is fun to get lucky and be paid 10, 30, 200 or 400 times your original bet. You just don't want to piss away these opportunities at a super high house advantage. Roulette just seems like a good way to try for the single numbers. Compared to slot machines or keno or a lot of side bets, or craps proposition bets 5.26% seems a reasonable price to pay. I see a lot of people play roulette and put over half their money on even money pays, or 2:1 or 3:1 and some long shots. It just seems dumb. Play roulette for the long shots, and play craps for the low house advantage bets.

Wine loved I deeply, dice dearly -Edgar, betrayed son of Gloucester in King Lear

April 5th, 2010 at 10:13:58 AM permalink

konceptum

Member since: Mar 25, 2010
Threads: 18
Posts: 479

Quote: pacomartin
Play roulette for the long shots, and play craps for the low house advantage bets.

If I've just been having no luck at craps or PaiGow (whichever I've been playing), I usually try to leave the table with at least one red chip. Then I head over to roulette and drop it on the number 7 or 3, or both if I can. (I was born on July 3rd.) If it hits, then great, I've recouped some of my losses of the night. If it loses, then I go back to my room and weep until the pillows get soggy.

April 5th, 2010 at 10:32:58 AM permalink
FleaStiff Member since: Oct 19, 2009 Threads: 61 Posts: 4188	Quote: konceptum If I've just been having no luck at craps or PaiGow (whichever I've been playing) Well, if you are too drunk to know whether you are playing craps or PaiGow, I think I know why you are losing!! Why don't you try playing Basic Strategy at craps: Only LineBets and associated Odds bets. And at Roulette try making ONLY outside bets for awhile. Then let us know how things go.

April 5th, 2010 at 10:53:53 AM permalink
FleaStiff Member since: Oct 19, 2009 Threads: 61 Posts: 4188	Quote: pacomartin It's stupid to play roulette if you are playing reds or blacks or odds or evens. The house edge is ridiculous. Why do you say it is stupid. It is a 5.26 percent house edge at Roulette. Its about the same with an ordinary Field Bet at craps. Sure, that 35:1 payoff is nice, but how often are you going to choose the exact number that the little white ball does?

April 5th, 2010 at 1:37:22 PM permalink
lament Member since: Apr 2, 2010 Threads: 1 Posts: 5	Quote: FleaStiff Why do you say it is stupid. It is a 5.26 percent house edge at Roulette. Its about the same with an ordinary Field Bet at craps. Sure, that 35:1 payoff is nice, but how often are you going to choose the exact number that the little white ball does? On average, 1 time in 38.

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