Example: you bet don't pass
the roll is a 4 or 9, since the house edge for betting on these two are high this is a time to place odds behind your don't pass bet, correct?
Example: you bet don't pass
the roll is a 6 or 8.....don't place odds because they are more common?
thanks
For example, if you bet don't pass and the point is 6, an odds bet will win 6/11 of the time, but it only pays 5-6 (so if you bet $6, you will win $5 six times out of 11 and lose $6 five times out of eleven; not coincidentally, after 11 such bets, you break even).
The same thing applies when the point is 4, 5, 8, 9, or 10 (except that the odds are 1-2 on 4 and 10, and 2-3 on 5 and 9), and when your original bet is pass (except that now you get the high end of the odds - e.g. if the point is 4, it pays 2-1 instead of 1-2).
Quote: ThatDonGuyOdds bets pay off in direct proportion to how likely you are to win or lose.
For example, if you bet don't pass and the point is 6, an odds bet will win 6/11 of the time, but it only pays 5-6 (so if you bet $6, you will win $5 six times out of 11 and lose $6 five times out of eleven; not coincidentally, after 11 such bets, you break even).
The same thing applies when the point is 4, 5, 8, 9, or 10 (except that the odds are 1-2 on 4 and 10, and 2-3 on 5 and 9), and when your original bet is pass (except that now you get the high end of the odds - e.g. if the point is 4, it pays 2-1 instead of 1-2).
ok so based on the number rolled you may or may not want to play odds
meaning if a 6 or 8 is rolled and you are on dont pass then do not place odds?
also, you can only place chips on "dont come" after a point is established right?
thanks
i sayQuote: richbailey86ok so based on the number rolled you may or may not want to play odds
meaning if a 6 or 8 is rolled and you are on dont pass then do not place odds?
it depends if you think/feel the dice will be in your favor or not over the next bets you make
if the dice do as expected, you do not win or lose any money on the odds bet
so it can be up to you, it can B
example:
you now have a don't come 6
say you lay $6 to win $5 on the lay odds
there are 6 ways to win $5 ($30 total)
5 ways to lose $6 (-$30 total)
so over the very next 11 bets and the dice do their average thing
it is a wash - a push
you need one more win to have a profit
you need one more loss to have a loss over those 11 bets
nothing guaranteed in writing that you get one over the other
except the math shows for those 11 bets a probability = 0.3852774 for at least 7 wins
0.3786313 for 5 or less wins in 11 attempts
try out the other numbers and you will see the same thing
==============================
bottom line
over a lifetime of play your odds bet (per bet) will lose very close to 0%(maybe even exactly 0% but do not count on it)
of the total wagered
but the chances increase with more odds bets you make
that you will
either
show a net lifetime win
or
a net lifetime loss from those odds bets
and it cant be both
yesQuote: richbailey86also, you can only place chips on "dont come" after a point is established right?
thanks
you can place it there on the come out roll but the dealer if they notice it will either move it to the dpass
or give it back to you telling you can not make this bet unless a point is established
Quote: mustangsallyi say
it depends if you think/feel the dice will be in your favor or not over the next bets you make
if the dice do as expected, you do not win or lose any money on the odds bet
so it can be up to you, it can B
example:
you now have a don't come 6
say you lay $6 to win $5 on the lay odds
there are 6 ways to win $5 ($30 total)
5 ways to lose $6 (-$30 total)
so over the very next 11 bets and the dice do their average thing
it is a wash - a push
you need one more win to have a profit
you need one more loss to have a loss over those 11 bets
nothing guaranteed in writing that you get one over the other
except the math shows for those 11 bets a probability = 0.3852774 for at least 7 wins
0.3786313 for 5 or less wins in 11 attempts
try out the other numbers and you will see the same thing
==============================
bottom line
over a lifetime of play your odds bet (per bet) will lose very close to 0%(maybe even exactly 0% but do not count on it)
of the total wagered
but the chances increase with more odds bets you make
that you will
either
show a net lifetime win
or
a net lifetime loss from those odds bets
and it cant be both
yes
you can place it there on the come out roll but the dealer if they notice it will either move it to the dpass
or give it back to you telling you can not make this bet unless a point is established
thanks
i will be in AC in June for my bachelor party and i think i will play this way
some bets on pass line then after a point is made make a come bet
and also lay the 4 and 10 since i think thats a good bet to
this game is getting easier and easier the more i learn
however my luck says if i lay the 4 the 4 will come, a lot
it has to meQuote: richbailey86however my luck says if i lay the 4 the 4 will come, a lot
i think i lost 6 in a row one time on the Strip
the table laughed at me and some players did too
so i had more money and increased my Lay 4 and asked each shooter are they going to cause my bet to lose
I think i won the next 5 or 6 but my wins were way higher than my losses
one of the fun parts of playing craps
Have fun if that is possible!
I be in Vegas from May 22 to May 28 (event #3 WSOP)
I know i will have fun
Sally
Quote: mustangsallyit has to me
i think i lost 6 in a row one time on the Strip
the table laughed at me and some players did too
so i had more money and increased my Lay 4 and asked each shooter are they going to cause my bet to lose
I think i won the next 5 or 6 but my wins were way higher than my losses
one of the fun parts of playing craps
Have fun if that is possible!
I be in Vegas from May 22 to May 28 (event #3 WSOP)
I know i will have fun
Sally
wish i could come
i will be in AC at cesars and harrahs weekend of june 12th (im on east coast)
the thing i realized today while looking over craps stuff is if u lay the 4 u will win a lot more then u lose, however u only get PAID HALF...theres the HE
not reallyQuote: richbailey86the thing i realized today while looking over craps stuff is if u lay the 4 u will win a lot more then u lose, however u only get PAID HALF...theres the HE
on a Lay or Buy bet the casino pays your winning bet in direct proportion to the odds against the bet winning
examples
Buy 4
bet $20
chances to win are 3 in 9
odds 6:3 or (2:1)
so you are paid on a win $2 for every $1 bet
so $20 pays $40
there is no HE
the casino knows this so they charge either 5% of the bet when the bet is made or $5 of the bet when it wins
there is the house edge
all Buy bets are dogs, they lose more often than they win
that is exactly why they pay more than what is bet
Lay 4
bet $40
chances to win are 6 in 9 (66.67%) <<<--- Yahoo!!
odds 3:6 or (1:2)
so you are paid on a win $1 for every $2 bet
so $40 pays $20
and you do get the bet back too
again
there is no HE
the casino knows this and wants their cut
so they either charge 5% of how much one can win ($1 in me example)
when the bet is made
or
5% of the win once the bet wins (i say 50% do one, 50% the other)
all Lay bets are favorites, they win more often than they lose
and they win on ANY 7
that is exactly why they pay less than what is bet
like sports betting on the odds on favorite
Angles OVER!
Sally
For me having a sound betting technique works better for me cause i hate thinking under pressure
So i practiced on the wizards craps game as follows:
Make a pass bet
If point established
Make a come bet
Once i have a pass and come bet
Make 1 field bet
Did this for an hour and bankroll looked good