Effect of Laying the 4 or 10 for less
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But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?
-->If vig is always paid
-->and if vig is only paid on wins
I have a hard time calculating the bets that don't resolve in one roll.
Any help would be appreciated.
Quote: Wonko33I know you are supposed to Lay the 4 or 10 for at least 40$ because of the vig.
But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?
-->If vig is always paid
-->and if vig is only paid on wins
I have a hard time calculating the bets that don't resolve in one roll.
Any help would be appreciated.
You will only win $10, and that means you just paid 10% vig.
about doublesQuote: Wonko33I know you are supposed to Lay the 4 or 10 for at least 40$ because of the vig.
But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?
-->If vig is always paid
From 2.44% (1/41)
goes to 4.76% (1/21)
From 1.67% (1/60)Quote: Wonko33-->and if vig is only paid on wins
goes to 3.33% (1/30)
a true double
the edge is just
how much they short you / the total you should have after a win (including the bet)
easy edges to beat with a higher win rate
Bet your lays at one pay unit under so you can pay lower vig...
Like this:
Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.
Quote: Wonko33I know you are supposed to Lay the 4 or 10 for at least 40$ because of the vig.
But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?
-->If vig is always paid
-->and if vig is only paid on wins
I have a hard time calculating the bets that don't resolve in one roll.
Any help would be appreciated.
Reminds me of a "Rodney Dangerfield goes to the crap table" story:
Rodney goes in to a casino and hits a crap table.
He lays $1 on the 10 and pays $1 vig. Clearly a low-roller player. Then a 7 out rolls.
Dealer stiffs him.
Rodney says, "what was that??!!"
Dealer says "Breakage," then says "But look at the bright side, - you're still up to win again."
Now a come out 7 rolls. Dealer says "give me a dollar."
Rodney says, "Take it out!"
A quick study here.
I think the rounding rules vary from house to house. A $150 no-4 is sometimes $3, sometimes $4.Quote: rushdlId also say there is a way to sort of push the house:
Bet your lays at one pay unit under so you can pay lower vig...
Like this:
Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.
Quote: rushdlId also say there is a way to sort of push the house:
Bet your lays at one pay unit under so you can pay lower vig...
Like this:
Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.
it is house to house rule, you better ask where the break point is
Quote: rushdlId also say there is a way to sort of push the house:
Bet your lays at one pay unit under so you can pay lower vig...
Like this:
Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.
LOL, I asks how costly it is to lay for less and you try to convince me to lay more :) You're a bad person
PS : Thanks for answer MustangSally
