Craps Bankroll
December 25th, 2010 at 2:13:43 AM
permalink
As we all know a proper bankroll is needed to play any game. Well I'm new to craps and wanted to know if I plan to play for say a hour, betting $5 on pass and taking 5x odds what is a realistic beginning bankroll?
December 25th, 2010 at 5:39:57 AM
permalink
Quote: omerhAs we all know a proper bankroll is needed to play any game. Well I'm new to craps and wanted to know if I plan to play for say a hour, betting $5 on pass and taking 5x odds what is a realistic beginning bankroll?
Lets work it out. The house wants about 60 rolls per hour.
10 of those will be come-out rolls. You will lose one of those come-outs and win 2 on some very, very rough math. But I would say you need $20 just for that.
The remaining 50 will be regular rolls with $30 at risk each time. 8 or so 7's will come up there and you will lose, so you will need $240 more.
The other rolls you will win with various points. This will cover a fair amount of your losses. But you can't count on where or when.
Given all that I would take $300 with you.
All animals are equal, but some are more equal than others
December 25th, 2010 at 6:11:31 AM
permalink
10 times your average bet when putting up free odds seems to work for me. So I also come up with about $300, taking a little more since most of us get too bored and place the 6/8 or start a come bet and put odds on that too while waiting for the passline bet to resolve.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
December 25th, 2010 at 7:05:59 AM
permalink
I guess you could take the formal charts that show how many units you need and extrapolate from them. Those charts are usually presented at your having a 90 percent chance of avoiding having normal variance deplete your entire bankroll. Such charts usually relate only to PassLine bets. If you 5x odds you will need more, if you do ANY place betting you will need more... plus the charts assume perfect play by you and by the dealers with no tips to waitresses or dealers.
If you adjust the charts away from "mathematical play" to "real world play" ... I think that a 350.00 Buy in works out for the type of betting you want to do. So I would say 300 to 350 buy in would be just about right.
If you are lucky with those first few bets... so much the better. If you get carried away and start making bets that have more than 1.414 house edge, then you may erode your cushion of safety a bit.
If you adjust the charts away from "mathematical play" to "real world play" ... I think that a 350.00 Buy in works out for the type of betting you want to do. So I would say 300 to 350 buy in would be just about right.
If you are lucky with those first few bets... so much the better. If you get carried away and start making bets that have more than 1.414 house edge, then you may erode your cushion of safety a bit.
December 25th, 2010 at 7:23:10 AM
permalink
Quote: omerhAs we all know a proper bankroll is needed to play any game. Well I'm new to craps and wanted to know if I plan to play for say a hour, betting $5 on pass and taking 5x odds what is a realistic beginning bankroll?
I think $300 will work very well. If you are only making that one bet, you could probably get an hour of play out of $200 or less. I usually have a pass/odds and two come/odds bets pretty much as often as they can be placed and have played for hours on $200-$400. Of course, it can also be wiped out fairly quickly if the dice don't fall for you at least part of the time.
December 25th, 2010 at 7:30:40 AM
permalink
Quote: FleaStiffI guess you could take the formal charts that show how many units you need
what charts are those?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
December 25th, 2010 at 7:39:26 AM
permalink
There is a poster here, plays central MS, bets $5 plus $30 odds only. His reccomendation is $700. Hopefully he will chime in.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
December 25th, 2010 at 10:16:16 AM
permalink
I was referring to the How Much To Bet section of Easy Vegas wherein various games are listed and the minimum buyin for them is shown. These charts are based on pure Basic Strategy and are based on certain rates of play that may not be precisely valid but are probably reasonable estimates. Rates of play vary by geography and by type of casino. I'm sure the figure is very high at South Point and probably very much lower at some locals casino wherein some of the games might be there solely to meet minimum license requirements.Quote: odiousgambitwhat charts are those?
Last edited by: unnamed administrator on Aug 19, 2019
December 25th, 2010 at 10:37:12 AM
permalink
Quote: odiousgambit10 times your average bet when putting up free odds seems to work for me. So I also come up with about $300, taking a little more since most of us get too bored and place the 6/8 or start a come bet and put odds on that too while waiting for the passline bet to resolve.
I also agree with the 10 times average bet for a starting bankroll.
Here is a handy table to work with just figuring the pass line and any odds.
formula = ($ pass line bet*(1/3))+(total pass+odds*(2/3))
Odds pass odds total avg bet
0 5 0 5 5.00
1x 5 5 10 8.33
2x 5 10 15 11.67
3x 5 15 20 15.00
4x 5 20 25 18.33
5x 5 25 30 21.67
6x 5 30 35 25.00
7x 5 35 40 28.33
8x 5 40 45 31.67
9x 5 45 50 35.00
10x 5 50 55 38.33
And pass line decisions per rolls. (or # come out rolls per rolls if you wish)
I have seen hours at the craps table between 60 rolls per hour - a hot table, to over 120 rolls per hour, not so hot table.
formula = rolls*165/557 (or rolls/(557/165))
rolls # dec sd
60 17.77 3.53
96 28.43 4.47
108 31.99 4.74
120 35.54 5.00
7 winner chicken dinner!
December 25th, 2010 at 11:59:03 AM
permalink
Quote: omerhAs we all know a proper bankroll is needed to play any game. Well I'm new to craps and wanted to know if I plan to play for say a hour, betting $5 on pass and taking 5x odds what is a realistic beginning bankroll?
Also, what you can expect from an hours worth of play at 30 and 20 decisions.
the sd (standard deviation number) shows how large of bankroll swings you can expect.
$5 pass with 5x odds
10,000 session simulations
30 pass line decisions
(count %)
won 4901 49.01%
lost 5069 50.69%
broke even 30 0.30%
avg rolls 100
mean ($1.56)
sd $160.08
net over 300 profit 316 3.16%
bust-lose 300 506 5.06%
20 pass line decisions
(count %)
won 4884 48.84%
lost 5078 50.78%
broke even 38 0.38%
avg rolls 68
mean ($1.16)
sd $131.31
net over 300 profit 120 1.20%
bust-lose 300 163 1.63%
The 'go broke' bust rate shows the longer you play the greater chance of losing your $300 bankroll with 5/25 bets.
You do know about making the $25 odds bet on the 5 and 9 $26. Odd point numbers ALWAYS bet even $.
Good Luck to you at the Craps table!
7 winner chicken dinner!
December 25th, 2010 at 1:53:32 PM
permalink
Per Demango's request: My opinion is 20 times your total pass-odds bet for the session bankroll. So $5 pass with $25 odds x 20 bets is $600 day session bankroll.
Total gambling bankroll is 10x that which would be $6000 total gambling bankroll.
Total gambling bankroll is 10x that which would be $6000 total gambling bankroll.
December 25th, 2010 at 2:47:42 PM
permalink
Quote: dwmPer Demango's request: My opinion is 20 times your total pass-odds bet for the session bankroll. So $5 pass with $25 odds x 20 bets is $600 day session bankroll.
Total gambling bankroll is 10x that which would be $6000 total gambling bankroll.
Larger bankroll also increases your chances of larger losses.
The idea was to have a bankroll to last an hour of play.
$300 total loss vs. a $600 total loss I would rather play every day.
Larger bankroll does not necessarily mean you will last longer or even hit a win goal more.
Computer simulations do prove it.
7 winner chicken dinner!
December 25th, 2010 at 7:16:08 PM
permalink
This would depend partly on the pace of the game, but if your goal is to remain in action for an hour NO MATTER WHAT happens, then you should be prepared to lose at least ten bets with full odds, or $300--it would be pretty unlucky if you didn't last an hour. I would play at a crowded, busy table to reduce the number of decisions per hour.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
July 7th, 2012 at 11:10:14 AM
permalink
removed
silly
silly
I Heart Vi Hart
