klimate10
klimate10
Joined: Feb 6, 2012
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June 29th, 2018 at 10:48:09 AM permalink
Quote: DeMango

Whatís the expected loss on a $10 line bet?
Whatís the expected loss on a $10 line bet with $1000 odds?
The same.



True, but misleading.

Most players have a budget per bet, and people rarely just bet the minimum. Letís say the budget is $150 per bet. On lower odds game, to reach that $100 allowance, they would have to up their line bet, thus increasing the expected loss.

For example, $25 + $125 odds versus $10 (min) + $140. Same amount of action, but greater expected loss on the first bet.
DeMango
DeMango
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June 29th, 2018 at 11:37:57 AM permalink
Quote: klimate10


For example, $25 + $125 odds versus $10 (min) + $140. Same amount of action, but greater expected loss on the first bet.


You are right the expected loss rises from 14 cents to a whopping 35 cents.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
FleaStiff
FleaStiff
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June 29th, 2018 at 2:33:56 PM permalink
Quote: DeMango

You are right the expected loss rises from 14 cents to a whopping 35 cents.

You may be correct on your math. You know that with my skills I'm going to have to trust you on that but for someone named fleastiff .... well, its not a whopping amount but it sure ain't peanuts either.
Ace2
Ace2
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June 29th, 2018 at 2:48:04 PM permalink
Quote: DeMango

You are right the expected loss rises from 14 cents to a whopping 35 cents.

Thatís a 150% increase in house edge, roughly the same increase as going from a 3:2 blackjack table to a 6:5 table. Are you saying thatís immaterial to you ?
Itís all about making that GTA
klimate10
klimate10
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June 29th, 2018 at 3:26:12 PM permalink
Quote: DeMango

You are right the expected loss rises from 14 cents to a whopping 35 cents.



Lol.

This mentality is why 6:5 BJ is here permanently (assuming youíre a player; if youíre the house, I donít fault you).

Using that same line of reasoning, I guess 6:5 BJ is a great deal, too. On a $25 6:5 BJ bet itís only an expected loss of 25 cents versus 8 cents for 3:2 BJ. Itís only a measly 17 cents.
Last edited by: klimate10 on Jun 29, 2018
DeMango
DeMango
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June 29th, 2018 at 7:30:19 PM permalink
Quote: Ace2

Thatís a 150% increase in house edge, roughly the same increase as going from a 3:2 blackjack table to a 6:5 table. Are you saying thatís immaterial to you ?


Yes it is. So if we are going apples and oranges a $25 blackjack pays $37.50 vs $30 at 6:5. $7.50 per 15 minutes ( at 4 bjís per hour) Thatís $30. Playing by yourself at a craps table there can be as many as 60 decisions in an hour. 60 times 21 cents is 12 bucks. Good luck finding 60 decisions in an hour with crowded tables.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
Ace2
Ace2
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June 29th, 2018 at 9:12:30 PM permalink
Quote: DeMango

Yes it is. So if we are going apples and oranges a $25 blackjack pays $37.50 vs $30 at 6:5. $7.50 per 15 minutes ( at 4 bjís per hour) Thatís $30. Playing by yourself at a craps table there can be as many as 60 decisions in an hour. 60 times 21 cents is 12 bucks. Good luck finding 60 decisions in an hour with crowded tables.

So at $30 per hour letís say 6:5 will cost you about $500 over the course of a weekend trip to Vegas. That may be immaterial to you, but not to other people at a $25 table.

Of course no one cares about 21 cents on its own. But 21 cents accruing every minute of your gambling life adds up to a lot.

If youíre playing a couple come bets youíre easily at 60 resolutions per hour.
Itís all about making that GTA
NokTang
NokTang
Joined: Aug 15, 2011
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June 29th, 2018 at 9:19:18 PM permalink
Quote: FleaStiff



NOTE: I do not want to derail this away from its emphasis on the Cromwell, but I've recently heard that Ocean Resorts in Atlantic City has a TEN dollar table with 10x odds but you must either have a ZERO odds bet or a an odds bet of TEN times your passline bet, nothing in between.



As FleaStiff..don't want to derail the topic, but I've never ever any place heard of a minimum odds of ten times being required. Makes no sense at all. Can someone please confirm this. Thanks and kind regards.
DeMango
DeMango
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June 29th, 2018 at 9:34:04 PM permalink
No one is playing at a $25 table, doing 100x odds. And if they were, they still sure as hell would not worry about that whopping 21 cents!
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
FleaStiff
FleaStiff
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June 30th, 2018 at 2:48:50 AM permalink
Quote: NokTang

Makes no sense at all.

Most of my posts don't make sense.
Though I'm hesitant to comment here about Gilpin in BlackHawk, I'd wonder what the math is between a ten dollar table with odds versus a Gilpen two dollar table with 50x odds.

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