By my calculations one person, playing for 20 hours total, working inside on come outs, would only get $300-$500 MAX of profit. So not much. But sti
But if I were going to the casino anyway, I'd do it.
Quote: FleaStiffAnybody with a six percent advantage will make more than that!!
It's only a 6% advantage on $3 bets. If you push your bet, the advantage goes down, then goes away. You could get a couple friends together, as long as you aren't taking much time off a paying job. Each of you can play the inside numbers for $3. You should all make out the same if you are betting the same, so it's no different than playing by yourself, except you save on gas...
Quote: ewjones080So one of my local casinos is offering a $3 craps game from noon-7 on Wednesdays in June. The thing is, they don't have .50c chips, so they ROUND UP. For place bets 6/8 gets $4, 5/9 gets $5 and 4/10 gets $6. By my calculations this gives the PLAYER a 6% advantage on inside numbers with basically a free buy bet on the 4/10 (zero house edge). How much would you exploit this?
Why are they doing this promotion? I know Ameristar St Charles used to do these "promotions" when they needed new crew to get practice. This means the game can move at a snail's pace and can be boring.
The right way to approach this is to get a large enough group of friends together to completely fill the table and have none of them bet anything other than the inside bets, except for the shooter who makes a single line bet. You'll maximize rolls/hour that way and therefore hourly rate. This is important because you only have 21 hours left total for this play. If you can get rolls/hour up to 180 (every 20 seconds) you can make as much as $40/hour, or $840 theoretical total, but that's the extreme upper limit. Seems like a lot of work for a too-small reward.
Quote: konceptumAt a blackjack table, you can play more than one hand at a time. If you're at the craps table, can you ask to play more than one position? Then you could play 16 $3 bets all around the table.
I'm pretty sure that would fix that promotion REALLY quickly.
Quote: MathExtremistAnytime a positive edge disappears based on increased action, it's best to look at actual dollar amounts. It's not really 6%, it's $0.18 per bet on the 6/8. Divided by resolution time is 5.5c/roll, or between $5 and $6/hour. The same turns out to be true for the 5/9 as well, so with all four +EV bets working you're looking at between +$20 and $24/hour depending on the speed of the table (around 100 rolls/hour).
The right way to approach this is to get a large enough group of friends together to completely fill the table and have none of them bet anything other than the inside bets, except for the shooter who makes a single line bet. You'll maximize rolls/hour that way and therefore hourly rate. This is important because you only have 21 hours left total for this play. If you can get rolls/hour up to 180 (every 20 seconds) you can make as much as $40/hour, or $840 theoretical total, but that's the extreme upper limit. Seems like a lot of work for a too-small reward.
Who goes to the casino for work anyway?
I think the point is, we usually loose money when we bet, but we do it because it is kinda fun.
If you can make a little bit of money (being a small amount) and have the same amount of fun, then that is great.
People say things like- 'i'd rather work' - that is odd. Seriously, who is in a casino (that isn't math challenged) as an alternative to work and not play? That is a small few I am sure.
That promotion sounds really fun to me!
This promotion isn't specifically craps it's "3's ARE WILD WEDNESDAYS!" So you earn 3x the points on slots and VP and $3 blackjack, roulette, and craps. But this place has always rounded up on improper bets. $25 odds on 5/9 gets $38. $5 horn gets $33 on high side. It just so happens $3 place bets become player advantage. I have to believe management is aware of this, but don't care because it's a miniscule advantage.
What I would prefer to do is stack up every hit on the inside on my odds. Then if I hit my point it's a big payday. In this scenario at least.