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bodyforlife
bodyforlife
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June 7th, 2015 at 3:20:21 PM permalink
I just got back from Mont Bleu in Tahoe and encountered a few players that kept betting the "any seven". I never even think about that bet (and laugh at people that make it) because I know it's one of the worst bets on the board. But after losing multiple rolls, this one guy hits it and of course goes crazy celebrating as the rest of the board gets cleared of all the money. It didn't dawn on me what he said until I was driving home..."gotta get my 4/1 payout". I'm thinking I must have misheard him, but am really curious now. That can't be. The normal 5/1 payout is still over a 16% house advantage. If it's 4/1, this moron is giving the casino over a 32% advantage. I'll be going back next week for a tournament, but for the people that have gone to Tahoe recently, did you happen to notice this at that casino?
VPPlayer
VPPlayer
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June 7th, 2015 at 3:23:31 PM permalink
I think it's the same house edge. It's 5 for 1 compared to 4 to 1. Either way you win $4
mikes0805
mikes0805
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June 7th, 2015 at 3:25:57 PM permalink
Gambling has no rhyme or reason. Some schmuck can catch an "Any seven" five times in a row and some schmuck like me can catch 5 straight hard eights lol. The question is did you have fun??? lol
bodyforlife
bodyforlife
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June 7th, 2015 at 3:26:08 PM permalink
Quote: VPPlayer

I think it's the same house edge. It's 5 for 1 compared to 4 to 1. Either way you win $4



Oh OK. Got it. That make more sense.
bodyforlife
bodyforlife
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June 7th, 2015 at 3:27:46 PM permalink
Quote: mikes0805

Gambling has no rhyme or reason. Some schmuck can catch an "Any seven" five times in a row and some schmuck like me can catch 5 straight hard eights lol. The question is did you have fun??? lol



I always have fun Mike. But I'm guessing I'll fare just a tad better than someone that makes a living betting the "any seven".
mikes0805
mikes0805
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June 7th, 2015 at 3:30:14 PM permalink
I highly doubt he makes a living betting any seven lol. Glad you had fun, I just got back yesterday from Harrahs right next door ;)
bodyforlife
bodyforlife
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June 7th, 2015 at 3:33:13 PM permalink
Quote: mikes0805

I highly doubt he makes a living betting any seven lol. Glad you had fun, I just got back yesterday from Harrahs right next door ;)



You got that right (it wouldn't be a living). I gave up on Harrahs (I found their comps to be terrible), and find Mont Bleu and Hard Rock much nicer with their recent renovations. Hope you had fun also. The weather was nice this weekend.
rudeboy99
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August 10th, 2015 at 3:09:35 AM permalink
Yea, 4 to 1 is the industry standard. When I'm dealing and receive a $1 toke as we're coming out, I'll occasionally bet the dollar on the one roll 7, parleying the $5 if it hits hoping to go $25 and down. You'd be surprised how often I turn a white chip into a green in just a couple of rolls. But I definitely don't recommend doing this as a foundation for a betting strategy for a player...it's piss poor odds.
champ724
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August 10th, 2015 at 3:29:19 AM permalink
it is 6 to 1 so the 4 to 1 is a huge house edge. iit should pay 7 for 1 if you wanna use those terms
rudeboy99
rudeboy99
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August 10th, 2015 at 6:59:07 AM permalink
Well, the true odds are 6 to 1, I'm not sure what terms you're referring to.
mustangsally
mustangsally
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August 11th, 2015 at 9:35:49 AM permalink
Quote: rudeboy99

Well, the true odds are 6 to 1, <snip>

interesting opinion
and from a dealer too

here is mine opinion (as i have made the any 7 bet at least 10 times in my life)

i say the tru odds are exactly
30 to 6
cuz there r 6 ways for a 7 to roll
1,6
2,5
3,4
4,3
5,2
6,1
30 ways it no roll roll

i say most all dealers are very good at game rules and procedures
but when it comes down to actual probabilities of game events
well,
some say not to trust your dealer

la la tea dah
5! / 0! = ?
cant divide by 0 some say

but winning at craps is all about making the right bet(s) at the right time(s)
best way to crush a house edge of 16.67%
i say

crush it in reality
I Heart Vi Hart
rudeboy99
rudeboy99
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August 11th, 2015 at 12:35:04 PM permalink
Math is my meat, Sally...if I gambled my tokes on "sure things" it'd be a fairly boring ride. I try to steer the paying customers to lower % wagers...I've been known to talk one into a Hardway Parley on occasion, tho...
odiousgambit
odiousgambit
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August 11th, 2015 at 1:49:02 PM permalink
Quote: rudeboy99

Math is my meat



just to make sure you realize it, here is where you made your mistake

the chances of rolling a 7 are 1 in 6 ; this must be what you are thinking. This is usually represented as 1/6

the odds are 1 to 5, usually represented as 1:5; think of a coin flip, it's chances of 1/2 and odds of 1:1 [even money] for fair odds

for the 'any 7' the payoff should also be 1:5 for a fair bet, of course it's the shortpay of 1:4 at a casino

if you go back in the thread I think a lot of the discussion was the 1:5 and 1:4
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
mustangsally
mustangsally
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August 11th, 2015 at 3:15:32 PM permalink
Quote: bodyforlife

<snip>"gotta get my 4/1 payout".

4 to 1 payout
Yahoo!
same as 5 for 1 payout
Yahoo!!

see
both are common i see (C)




Quote: bodyforlife

I'm thinking I must have misheard him, but am really curious now. That can't be.

yes CAN B
Quote: bodyforlife

The normal 5/1 payout is still over a 16% house advantage.

normal 5 for 1
and
not
5 to 1
unless you are at Sally's Casino during Happy Hour!
Quote: bodyforlife

If it's 4/1, this moron is giving the casino over a 32% advantage.

you mean 4 to 1 and not 4 for 1
no this moron there

Lake Tahoe beauty... love it

this moron, they are at Casino Moron-go in SoCal
still so funny

Sally says
crush the 7 house edge
fear only winning too much!!

no 3 way 7?
no problem
$300 any 7

stick says "7 out line away.
Hey Hey HEY!!!"
(he did say that)

4 to 1 all the way to the BANK!!!
I Heart Vi Hart
petroglyph
petroglyph
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August 11th, 2015 at 3:45:04 PM permalink
Quote: mustangsally

interesting opinion
and from a dealer too

here is mine opinion (as i have made the any 7 bet at least 10 times in my life)

i say the tru odds are exactly
30 to 6
cuz there r 6 ways for a 7 to roll
1,6
2,5
3,4
4,3
5,2
6,1
30 ways it no roll roll

I don't know how you do it? How you can take something so simple and still confuse me with it? This being over 35 stuff is highly overrated.
risingstars
risingstars
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September 9th, 2015 at 10:39:57 AM permalink
Which casinos do you suggest for craps at tahoe? How about minimums on weekends?

Thanks!
mikes0805
mikes0805
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September 9th, 2015 at 5:10:53 PM permalink
I'd say Harrahs has some pretty good action on weekend evenings; they have a crapless table that can be fun. I believe the weekend minimum is 15$ at night. I will be there tomorrow!
rudeboyoi
rudeboyoi
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September 9th, 2015 at 5:54:41 PM permalink
One of the best rolls I've ever been a part of the shooter kept hopping the sevens. I was betting continuous come and she kept hitting number after number instead.
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