Quote:DeMangoWhat’s the expected loss on a $10 line bet?

What’s 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. Let’s 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.

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.

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.Quote:DeMangoYou are right the expected loss rises from 14 cents to a whopping 35 cents.

That’s 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 that’s immaterial to you ?Quote:DeMangoYou are right the expected loss rises from 14 cents to a whopping 35 cents.

Quote:DeMangoYou 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 you’re a player; if you’re the house, I don’t 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 it’s only an expected loss of 25 cents versus 8 cents for 3:2 BJ. It’s only a measly 17 cents.

Quote:Ace2That’s 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 that’s 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 bj’s per hour) That’s $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 let’s 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.Quote:DeMangoYes 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 bj’s per hour) That’s $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.

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 you’re playing a couple come bets you’re easily at 60 resolutions per hour.

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.

Most of my posts don't make sense.Quote:NokTangMakes no sense at all.

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.