miplet
Joined: Dec 1, 2009
• Posts: 2042
September 12th, 2015 at 2:42:47 PM permalink
Quote: slackyhacky

I don't understand your math - I mean what each number is suppose to represent.

However, use English - or explain to me like I am 10 years old...

If I risk three dollars, and win four dollars - I make 133% of my original bet.

If I risk five dollars, and win seven dollars - I make 140% of my original bet.

How is that not worse to bet \$3 to win \$4?

\$5 5: Win \$7 40% of the time and lose \$5 60% of the time. On a average you will lose 20 cents per resolved bet.
\$3 5: Win \$4 40% of the time and lose \$3 60% of the time. On a average you will lose 20 cents per resolved bet.
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slackyhacky
Joined: Jan 18, 2012
• Posts: 359
September 12th, 2015 at 4:04:41 PM permalink
Thanks!
slackyhacky
Joined: Jan 18, 2012
• Posts: 359
September 12th, 2015 at 9:49:56 PM permalink
MathExtremist and miblet - I now get what you are saying...

And for the casino, the amount of money per hour they are making is the same.

But...I'm still struggling...(I probably drove teachers crazy)

I know the 3\$ casino's don't do this - but lets say they keep with the 1 unit integer.

So let's say I press this unit 5 times - now showing \$15. Payout would be (keeping with the same math) \$20 (15/3 = 5 - and payout is \$4 per unit - so 4x5 = \$20).

But on a "regular" table, payout on \$15 dollars (3 units) is \$21 dollars.

Using your math above, the table that stays with the \$3 units expects to win \$1/ hour for place bets on the 5 with five \$3 dollar units (0.20 x 5), and on regular table, this is only 0.60.

I still don't see how they are the same.

BUT - I do get that casino's don't do this - that is, after \$3, they seem to move to \$5 dollar intervals - although I never tried placing \$6 or \$9 on the 5.
MathExtremist
Joined: Aug 31, 2010
• Posts: 6526
September 12th, 2015 at 11:53:22 PM permalink
\$3 place 5 should pay \$4.20 but there's breakage. Except every five units there isn't so the pay is correct, 5×3 pays 5×4.20 = 21.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
slackyhacky
Joined: Jan 18, 2012
• Posts: 359
September 13th, 2015 at 10:11:18 AM permalink
Quote: MathExtremist

\$3 place 5 should pay \$4.20 but there's breakage. Except every five units there isn't so the pay is correct, 5×3 pays 5×4.20 = 21.

Thanks. This point makes my point I think.
rudeboy99
Joined: Dec 21, 2011