"Two G's" (#2) - the magic "2G'$" puck

The "2G'$" puck is probably the most astonishing invention of all times, even much more powerful than the perpetual motion machine. Employing the "2G'$" puck, a casino is able to nearly double its edge, literally on the flip of the puck.

Here is how it works:

The casino shall instruct roulette dealers to watch out for players who parlay for two green rolls in a row (i.e. any 0-0, 0-00, 00-0, 00-00).
Everybody knows, that the casino only has an edge of 5.26% in this case.

If a dealer spots such a player, she shall offer the player utilizing the magic puck. Instead of paying the 17 units to the player's 1 unit after the first hit and letting it ride for the second roll, the magic puck will indicate that the player is eligible for a second roll. This pursuit will be supported by the puck's magic spell: "2G'$ WORKING; NO MORE BETS". If the player wins the second roll as well, he will be payed 323 units to his initial 1 unit.
The house now nearly has doubled its edge to 10.25%

Not only can the magic "2G'$" puck achieve, what no betting system can: Altering the house edge.
Applying the magic "2G'$" puck enables the house to switch between two different house edges on the fly.
Loosening or tightening bets otherwise takes a lot of technical and administrative effort. For the bet on the outcome of two greens in a row this is no issue anymore. Just flip the puck ...

Quote: ThomasK

The house now nearly has doubled its edge to 10.25%
link to original post

Your math is flawed.

You've calculated the odds of not hitting 0 or 00 on both spins. The player will lose if the results are not 0 or 00 on either spin.

Regardless of this math error, asking dealers to 'spot such a player' is a bit of a stretch. Most players only partially parlay their wins. And even if they fully parlay their win, offering 323 with your magic puck is no better than actually parlaying.

The game as presented in the video, paying 350, is what makes it attractive. Or at least attractive to anyone who does the math.

For what it's worth, long time WoV members will remember that I created a similar game, called Hit It Again, which was based on multiple hits on ANY number. There were several problems with it, most notably that casinos don't like to give away huge sums of money, no matter what the math says. If you're interested, I still have the website online, but at a new url:
http://www.davemillergaming.com/hia/

DJTeddyBear,

Thank you very much for your response.

Quote: DJTeddyBear

Quote: ThomasK

The house now nearly has doubled its edge to 10.25%
link to original post

Your math is flawed.

I don't think it is. Only recently the Wizard confirmed both values and explained the how and why.

Quote:

You've calculated the odds of not hitting 0 or 00 on both spins. The player will lose if the results are not 0 or 00 on either spin.

This is not exactly, what the bet is about. The player will only win on two consecutive green spins. He will lose otherwise. This is the case both with the "2G'$" puck and with manually parlaying.

Quote:

Regardless of this math error, ...

Hmm ...

Quote:

... asking dealers to 'spot such a player' is a bit of a stretch. Most players only partially parlay their wins.

Well, I have to admit this is more of a thought experiment. Very unlikely certainly, but not impossible.

Quote:

And even if they fully parlay their win, offering 323 with your magic puck is no better than actually parlaying.

This is my take on it, as well. In both cases, the "2G'$" puck and the manual parlay, the player will eventually have won 323 units.

Quote:

The game as presented in the video, paying 350, is what makes it attractive. Or at least attractive to anyone who does the math.

Adjusting the payout is the natural way how casinos ensure their profit. A little bit less than, or even a little bit more less than fair odds keeps them in business.

Quote:

For what it's worth, long time WoV members will remember that I created a similar game, called Hit It Again, which was based on multiple hits on ANY number. There were several problems with it, most notably that casinos don't like to give away huge sums of money, no matter what the math says. If you're interested, I still have the website online, but at a new url:
http://www.davemillergaming.com/hia/
link to original post

Thanks for the link. I will have a closer look at it later.

Quote: ThomasK

Quote: DJTeddyBear

Your math is flawed.

I don't think it is. Only recently the Wizard confirmed both values and explained the how and why.
link to original post

Even before looking at that post, I realized the error in my own math. I don't know how I missed that thread the first time. Now that I see the Wizard's math, including how the bet is actually 1.947 units, I totally get it. Frankly, I categorize it with the many craps bet that can be calculated multiple ways: Each roll vs until resolution.

Quote: ThomasK

Quote: DJTeddyBear

For what it's worth, long time WoV members will remember that I created a similar game, called Hit It Again, which was based on multiple hits on ANY number. There were several problems with it, most notably that casinos don't like to give away huge sums of money, no matter what the math says. If you're interested, I still have the website online, but at a new url:
http://www.DaveMillerGaming.com/hia/

Thanks for the link. I will have a closer look at it later.
link to original post

Don't look too closely. Upon reflection, I don't know if the math is right. I never had a math guy look at it. And the last time I looked at it was about 12 years ago.

Also, I had a crazy idea that the progressive should advance a specific amount regardless of how many players make the bet (minimum 1 player), and that all players with the full amount when it hits. I.E. It's not shared. I really think the math supports that idea, except it ignores what I call "The Lottery Effect". I.E. More people play when the prize goes up.