Craps Betting
He does not bet pass or DP in most cases.
He waits for a point then bets all six place bets. He takes a payoff then takes all bets down.
If the shooter rolls point seven, then with the next shooter he'll bet all six numbers again but this time with a multiple of the previous bets. One winning bet gives him an overall profit.
He comes to the table with a $6000 bankroll.
In the short time we played together I lost $500 and he profited $300.
I think he just got lucky hitting a couple of big bets.
Your reaction?
My advice would be for him to make pass/DP/come/Dc bets with full odds. He”ll cut the average HE down by about 90% (relative)
Quote: Ace2The house edge on his 4/10, 5/9 and 6/8 place bets is 6.67%, 4%, and 1.51% respectively. That’s how much his loss will be over the long term
My advice would be for him to make pass/DP/come/Dc bets with full odds. He”ll cut the average HE down by about 90% (relative)
link to original post
You’re assuming he’s actually placing the 4/10. I assume he’s actually buying it. And unclear if vig is upfront of on win only.
Quote: unJonQuote: Ace2The house edge on his 4/10, 5/9 and 6/8 place bets is 6.67%, 4%, and 1.51% respectively. That’s how much his loss will be over the long term
My advice would be for him to make pass/DP/come/Dc bets with full odds. He”ll cut the average HE down by about 90% (relative)
link to original post
You’re assuming he’s actually placing the 4/10. I assume he’s actually buying it. And unclear if vig is upfront of on win only.
link to original post
I dont know of any casino that still charges a vig upfront on the 4 and 10 in Vegas.
Quote: AlanMendelsonQuote: unJonQuote: Ace2The house edge on his 4/10, 5/9 and 6/8 place bets is 6.67%, 4%, and 1.51% respectively. That’s how much his loss will be over the long term
My advice would be for him to make pass/DP/come/Dc bets with full odds. He”ll cut the average HE down by about 90% (relative)
link to original post
You’re assuming he’s actually placing the 4/10. I assume he’s actually buying it. And unclear if vig is upfront of on win only.
link to original post
I dont know of any casino that still charges a vig upfront on the 4 and 10 in Vegas.
link to original post
Atlantic City it’s the norm.
If you take your bets down you get your vig back. Is it easier to just turn the bets off, or will they be accidently swept away at the end of a hand?
I guess you have to figure there's 6 other numbers that won't payoff after the point is established (craps & yos), so you have to wait for one of your 24 numbers to hit once before you come down.
Don't try this on a table full of tourists who can't stop throwing point-7's.
You only need to win 5 times on the inside numbers to make your $64 across on a $10 table.
If somebody makes 4 points and comes out and you win, there's your 5 winners!
If I win 70 bets ahead, maybe I'll move up to a $15 table; or 24 wins ahead if I already had a $640 buy-in.
It kinda reminds me of a system I came up with over 11 years ago:
https://wizardofvegas.com/forum/gambling/betting-systems/1907-how-to-win-at-a-cold-craps-and-be-ready-when-it-turns-hot/
It’s got the same problem where a two roll shooter kills you. But with my system, if you hit once, you’re already profitable for that shooter, and can then start pressing, etc.
You are joking, right? Or do you actually believe tourists are more likely to throw point-7s?Quote: ChumpChange
Don't try this on a table full of tourists who can't stop throwing point-7's.
Quote: DJTeddyBearThis ‘system’ is no better or worse or stupider than any other system.
It kinda reminds me of a system I came up with over 11 years ago:
https://wizardofvegas.com/forum/gambling/betting-systems/1907-how-to-win-at-a-cold-craps-and-be-ready-when-it-turns-hot/
It’s got the same problem where a two roll shooter kills you. But with my system, if you hit once, you’re already profitable for that shooter, and can then start pressing, etc.
link to original post
Holy cow! This sounds exactly like the system this dude was using.
The locals can but not the touristsQuote: ChumpChangeSeems the Don't Pass shooters can't throw a point 7-out to save their lives.
link to original post
Well, I could plan on getting 10X my buy-in of $440 if I win 90 bets ahead.
Quote: pwcrabbAlan describes a bettor who has a Place Bet version of a Martingale. Losses are followed by multiplying the Exposure. Minimal gains are acceptable. Multiple consecutive PSO would cause enormous losses. The probabilities of gain and loss are nowhere near (0.5) as they are in the familiar versions of Martingale. However, the business model is otherwise similar.
link to original post
Good summary. Thanks.
Yeah, it does.Quote: AlanMendelsonQuote: DJTeddyBearThis ‘system’ is no better or worse or stupider than any other system.
It kinda reminds me of a system I came up with over 11 years ago:
https://wizardofvegas.com/forum/gambling/betting-systems/1907-how-to-win-at-a-cold-craps-and-be-ready-when-it-turns-hot/
It’s got the same problem where a two roll shooter kills you. But with my system, if you hit once, you’re already profitable for that shooter, and can then start pressing, etc.
link to original post
Holy cow! This sounds exactly like the system this dude was using.
link to original post
The difference is, it sounds like your guy was betting the minimum and taking it down to zero after a hit, then waiting.
I hate waiting.
My system was to bet X times the minimum, where X is the number of place bets made (I like 4), then take them down to the minimum after one hit. You make a smaller initial profit, but now have bets still in play to take or press as normal.
$10 table example:
Your guy bets $44 inside.
One hits, it pays $14 and all bets down.
My way, bet $196 inside.
One hits, it pays $56. Take them down to $44 inside.
You’re up $12 with bets still active.
Where are you getting that number ?Quote: ChumpChangeIf people are likely to hit 1.6 inside numbers per shooter,]
Quote: DJTeddyBearMy way, bet $196 inside.
One hits, it pays $56. Take them down to $44 inside.
You’re up $12 with bets still active.
link to original post
On a $15 table after one hit you'd have $66 working which would require a second hit to give you a profit. But you would have recovered most of the initial bet.
Still not bad as long as it's not a PSO.
What this other dude would do in case of a PSO is to make a much higher bet on the next shooter that would win back the previous loss. Hence the need for a $6000 bankroll.
The guy who approached me said he wanted to do a TV Infomercial to sell a course, lessons and his betting strategy.
One of the largest TV station groups asked me to investigate his claims.
Your info helped me decide to pull the plug on the project.
He prowls Vegas casinos.
