Odds Betting Scheme

My unproven theory is that concentrating on the odds bet is our best chance of winning. We know that the odds bet has NO house advantage with many casinos now offering 10x and 20x odds. So my odds scheme goes like this concentrating on the odds bet as inside numbers are rolled:

Start the new point sequence with $5 pass and $10 odds. If the point is 4 or 10, keep the odds bet level at $10 until resolution of the point.
If the point is an inside number 5,6,8,9 then increase the odds bet in $10 increments as inside numbers are rolled and stop at $50 odds. So say the point is 5, then start the point sequence with $10 odds, then a 8 is rolled so odds bet looks like $20, a 9 is rolled so odds bet goes to $30, 4 is rolled so no change as not an inside number, etc, and stop at max odds bet of $50 with $500 day session bankroll.

Has been doing decent positive thusfar in several day sessions.

I should leave this to the math experts, but by staying at a Holiday Inn last night...........................

There's nothing to leave to anyone, in this case. The Probabilities will be the same on the next roll regardless of how many inside numbers were rolled on a previous roll(s). Fortunately, this system seems to only add to the Odds bet, and because the Odds bet is a 0% HE bet, the player does not add to his expected loss by putting more money on the Odds bet.

In other words, this is about as harmless as a system can get...aside from the negative expectation Pass Line bet, of course.

Quote: dwm

<snip>
Has been doing decent positive thus far in several day sessions.

how long do you play for
and is your $500 your total loss limit for one session?

if yes,
what is your win limit where you quit for the day because you B happy with your wins...
i would start maybe with turning $500 into at least $1000 risking all $500


and one question back at you
why the pass line/odds
and
NOT the don't with lay odds?

are you always 'right" and never "wrong"?
inquiring minds want to know

Quote: Mission146

In other words, this is about as harmless as a system can get...

oh oh
you may wants to re-think that...
not with only $500 session bankroll to ruin, i says

now with $10 flat bets, we get more fun and thrill of winning

so
$5 flat or $10 flat

which one can turn $500 into at least $1000 more often B4 ruin (can not even make a flat bet)
in other words
has the highest probability of success

an odd system with odds

and would betting the don't pass have a higher success rate than the pass line?

how does it feel?
answers after a Utah visit
OVER tonight too

Quote: mustangsally

oh oh
you may wants to re-think that...
not with only $500 session bankroll to ruin, i says

now with $10 flat bets, we get more fun and thrill of winning

so
$5 flat or $10 flat

which one can turn $500 into at least $1000 more often B4 ruin (can not even make a flat bet)
in other words
has the highest probability of success

I don't dispute that he has a greater risk of ruin or lower probability of doubling bankroll with the Odds System, but I'm just speaking in terms of expected loss. Further, I also assumed that he was going to make a Pass Line bet and Take the Odds, anyway, so he is just adding to his bet (and Variance) at a 0% HE.

Quote:

and would betting the don't pass have a higher success rate than the pass line?

how does it feel?
answers after a Utah visit
OVER tonight too

The Don't Pass, naturally, but that wasn't the question posed. I'm not going to use time to generate (another) negative expectation system unless I have a lot of time on a particular day. Numbers are fun to play with, of course, but there are also practical matters to consider.

How about your Angels against my Pirates in the World Series? We could have some fun with that, though it seems my action might be a bit low for your liking. I wonder if there are any Futures Odds that let you pick two specific WS contenders at this time?

MustangS: I am strictly a do player, would quit playing if donts are the only option to win. I play the full session bankroll with win goal of $100 plus. Now bring $600 to allow for 10+ shooter bankroll based on max exposure per shooter. Still showing a decent net win after 15 day sessions. Now starting with $20 odds and still stopping at $50 odds with $10 increases as inside numbers are rolled per above.

So $5 pass and $20 odds to start the point sequence, increase the odds bet in $10 increments as inside numbers are rolled IF the point is an inside number: 5,6,8,9. If point is 4,10, just level $20 odds. Simple and based on the best bet in the casino, and do not have to go thru the dealers to place your bets which is a nice side feature.

Quote: dwm

MustangS: I am strictly a do player, would quit playing if donts are the only option to win.

that is so sad, imo
so much fun playing the dont's i say
but you are you

Quote: dwm

I play the full session bankroll with win goal of $100 plus. Now bring $600

ok
you start with $600 total risk to stop
win you only win $100?

Ah, i do not believe that
you must have a higher bankroll target than just at least $700?

I buy-in for $21k and stop if i lose it all or stop if i turn that into $42k
now that is fun with pass 345x odds only
and I play with the advantage too, when i do play this way

thank you for sharing!

That $100 is just a minimal win goal and not set in stone, when I do get ahead a couple hundred and start losing, I like to quit when get down to a minimal 100 win and not get back in my own money. On a good day I keep playing for hrs with frequent $300-500 winning swings . Can always start a new session after taking a break too. Then some days I never get in the positive, that's gambling.

But overall this is still doing well, unlike most betting schemes that have far worse results and believe me I know about losing craps betting schemes.