100xOdds
100xOdds 
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April 22nd, 2014 at 7:08:51 PM permalink
https://wizardofodds.com/games/craps/

I forgot the reason the Wizard recommended Continuous Come so I went to WOO site to refresh my memory.
it no longer lists Continuous Come?!

So refresh my memory. Why was Continuous Come recommended?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
sodawater
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April 22nd, 2014 at 7:17:45 PM permalink
Quote: 100xOdds

https://wizardofodds.com/games/craps/

I forgot the reason the Wizard recommended Continuous Come so I went to WOO site to refresh my memory.
it no longer lists Continuous Come?!

So refresh my memory. Why was Continuous Come recommended?



I don't know why or if it was, but my guess is that he wrote something along the lines of:

"if you must get more action on more numbers, it is better to make come bets with odds than place bets"
mustangsally
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April 22nd, 2014 at 8:35:55 PM permalink
Maybe in an Ask the Wizard it might say that about different bets.

I understood he was for the don't pass and don't come.
It was that way 3 years ago when I first started here.
He seemed to be the only one on the internet to say that back then.

It says this now
"Optimal strategy in craps is pretty simple.
Bet the don't pass and/or don't come and back it up laying the maximum odds. That is known as "playing the dark side," because the vast majority of players bet the opposite way.
If you don't want to be a contrarian, and enjoy going with the flow, then the pass and/or come bets, plus taking full odds, is almost as good."


He just says "don't come" and not don't come bets as he does with "or come bets"
but in a recent video he makes a don't bet every roll.
Sally
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Mission146
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April 22nd, 2014 at 8:41:16 PM permalink
Quote: sodawater

I don't know why or if it was, but my guess is that he wrote something along the lines of:

"if you must get more action on more numbers, it is better to make come bets with odds than place bets"



The Wizard did say something very similar to that.

If I had to guess, I would say the Wizard would advocate for strict DP/Pass betting otherwise, without the COME/DC bets, simply because less cash gets exposed to the House Edge all other things equal. I do believe he recommended the Come/DC only if one wants more action.

Further, I have it from him that I don't owe any push-ups if I like to Place 6/8, so that's also an apparently acceptable bet.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Wizard
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April 23rd, 2014 at 8:50:30 AM permalink
I think I used to say that that is how I play. However, I probably later felt the advice sounded too much like a betting system, and took it out.

Ultimately, my advice is to make don't pass and don't come bets only and always back them up by laying full odds. How many don't come bets you make and for how much is up to you. That doesn't matter in terms of return.

If you're going to follow the advice above for for pass and come bets, I won't shake my finger at you. Gambling is supposed to be fun, and if you get more fun betting with that table, then the slightly higher house edge is probably worth the price for the additional satisfaction.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
sodawater
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April 23rd, 2014 at 10:45:14 AM permalink
Quote: Wizard



Ultimately, my advice is to make don't pass and don't come bets only and always back them up by laying full odds. How many don't come bets you make and for how much is up to you. That doesn't matter in terms of return.

If you're going to follow the advice above for for pass and come bets, I won't shake my finger at you. Gambling is supposed to be fun, and if you get more fun betting with that table, then the slightly higher house edge is probably worth the price for the additional satisfaction.



I don't see why you even bother to make this distinction. If you bet $10,000 lifetime at craps (line bets), the difference between right and wrong betting will amount to exactly $1 in expected loss. This is assuming you always put don't bets back up when they tie. (I've never seen anyone pull them down and walk away after a tie, so safe assumption.)

Saving $1 over the course of $10,000 bet is not really worth discussing. You could save that dollar in so many other, easier ways than to even make it a factor in deciding which line bet to make.

Also, if you're making come bets with right betting, there is a certain probability the dealer will forget to move your come to a point number. This beneficial mistake doesn't exist for don't come. I bet that the occasional dealer error more than makes up for the 0.01% difference in EV.
Wizard
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April 23rd, 2014 at 11:03:09 AM permalink
Quote: sodawater

I don't see why you even bother to make this distinction.



If I didn't specifically say the don't pass/come is the "optimal strategy" I'd get swamped with perfectionists taking me to task for it.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
sodawater
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April 23rd, 2014 at 11:14:03 AM permalink
Quote: Wizard

If I didn't specifically say the don't pass/come is the "optimal strategy" I'd get swamped with perfectionists taking me to task for it.



good point
mustangsally
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April 23rd, 2014 at 11:53:04 AM permalink
Quote: sodawater

I don't see why you even bother to make this distinction. If you bet $10,000 lifetime at craps (line bets), the difference between right and wrong betting will amount to exactly $1 in expected loss. This is assuming you always put don't bets back up when they tie. (I've never seen anyone pull them down and walk away after a tie, so safe assumption.)

Yucko! "exactly $1 in expected loss"

That means my spreadsheet is wrong
I show -28/1980 - -27/1925 = -2/17325 = diff
$10,000 * diff = -$1.154401154... not exactly -$1
Ah, got it to -$1 exactly using =ROUNDDOWN(M39*M38,0)

$10,000,000 * diff = -$1154.401154
(This is for the $500 pass bettor I watched at Mohegun Sun last year, never took odds, says they do not help you win your pass line bet and then he winked at me as he lost his bet)

Of course there are many that do bet way more than $500 on the pass line.
I hear some basketball greats, no name names, bet $10,000 on the pass line as easy as I bet $5 there too ;)

Oh well
Sally Oh
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sodawater
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April 23rd, 2014 at 12:10:09 PM permalink
Quote: mustangsally

Yucko! "exactly $1 in expected loss"

That means my spreadsheet is wrong
I show -28/1980 - -27/1925 = -2/17325 = diff
$10,000 * diff = -$1.154401154... not exactly -$1
Ah, got it to -$1 exactly using =ROUNDDOWN(M39*M38,0)



Lol... My model assumes you find 15 cents on the floor over the course of your lifetime of betting $10,000
AxiomOfChoice
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April 23rd, 2014 at 12:12:00 PM permalink
And what about the other 0.4401154 cents?
sodawater
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April 23rd, 2014 at 1:05:59 PM permalink
Quote: AxiomOfChoice

And what about the other 0.4401154 cents?



That gets comped to me by the Revel -- that's the value I assign to one frozen apple pie.
slackyhacky
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April 24th, 2014 at 4:48:18 PM permalink
Quote: sodawater

I don't see why you even bother to make this distinction. If you bet $10,000 lifetime at craps (line bets), the difference between right and wrong betting will amount to exactly $1 in expected loss. This is assuming you always put don't bets back up when they tie. (I've never seen anyone pull them down and walk away after a tie, so safe assumption.)

Saving $1 over the course of $10,000 bet is not really worth discussing. You could save that dollar in so many other, easier ways than to even make it a factor in deciding which line bet to make.

Also, if you're making come bets with right betting, there is a certain probability the dealer will forget to move your come to a point number. This beneficial mistake doesn't exist for don't come. I bet that the occasional dealer error more than makes up for the 0.01% difference in EV.



I agree but on the opposite side. I have had several Lay bets or DC bets stay after the number was rolled. This has happened several times. Sometimes I let them know to take my money, sometimes I don't.

I think they easily forget to remove the lay/DC bets because it isn't routine.
teddys
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April 25th, 2014 at 12:23:44 AM permalink
Quote: Wizard

If I didn't specifically say the don't pass/come is the "optimal strategy" I'd get swamped with perfectionists taking me to task for it.

No, you wouldn't.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
odiousgambit
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April 25th, 2014 at 3:28:53 AM permalink
I think we have to accept this ingrained quirk from Michael. He'll only go so far as to say he "won't scold" on this particular case about the best HE.

I like your new signature line, Teddy.
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
SanchoPanza
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April 25th, 2014 at 7:37:32 AM permalink
Quote: sodawater

If you bet $10,000 lifetime at craps (line bets), the difference between right and wrong betting will amount to exactly $1 in expected loss. This is assuming you always put don't bets back up when they tie. (I've never seen anyone pull them down and walk away after a tie, so safe assumption.)

How does "a tie" occur?
sodawater
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April 25th, 2014 at 12:23:24 PM permalink
Quote: SanchoPanza

How does "a tie" occur?



If you bet the don't pass or don't come and the come-out roll is 12, the roll is "barred" by the house and the bet is unaffected. (Some houses bar the 2 instead of the 12. Same thing.) Some gambling analysts consider this a "tie" and assume you will take down your bet after this happens. I am saying assume you never take it down.
TerribleTom
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April 25th, 2014 at 12:29:51 PM permalink
aka "push"
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