Question?
August 1st, 2016 at 9:46:13 PM
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Is it possible to control the dice......? Lol just kidding!!!!
So I played craps this weekend and my host said I had 13 hours logged at a average bet of $310. Is there a way to figure out how much money was in action? Total gambled? Not sure how to word it....
So I played craps this weekend and my host said I had 13 hours logged at a average bet of $310. Is there a way to figure out how much money was in action? Total gambled? Not sure how to word it....
Good judgment comes from experience, and a lot of that comes from bad judgment...<Will Rogers>
August 1st, 2016 at 10:58:25 PM
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Quote: pingclassicIs it possible to control the dice......? Lol just kidding!!!!
So I played craps this weekend and my host said I had 13 hours logged at a average bet of $310. Is there a way to figure out how much money was in action? Total gambled? Not sure how to word it....
Depending on how many people at the table, 120-140 rolls per hour. So if it's 120 × 13 it would be 1,560 rolls times $310. Or $48,360 wagered.
ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
August 1st, 2016 at 11:00:50 PM
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Thank you. Expected loss ratio?
Good judgment comes from experience, and a lot of that comes from bad judgment...<Will Rogers>
August 1st, 2016 at 11:09:40 PM
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Expected loss ratio seems as if it would depend upon the actual bets being made.
PassLIne/Don't PassLine bets are 1.414 percent against you plus or minus some fourth place decimal
Whereas a bet on Big Red is 16.6 percent against you.
So you take bets made times expected loss for that bet. Or you do a weighted average.
Remember your odds bet have no expectation of loss or expectation of gain.
For convenience purposes there are rules of thumb which saves you time in actual computations.
PassLIne/Don't PassLine bets are 1.414 percent against you plus or minus some fourth place decimal
Whereas a bet on Big Red is 16.6 percent against you.
So you take bets made times expected loss for that bet. Or you do a weighted average.
Remember your odds bet have no expectation of loss or expectation of gain.
For convenience purposes there are rules of thumb which saves you time in actual computations.
August 1st, 2016 at 11:23:33 PM
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That makes sense. I always play pass generally $25 with full odds 3x4x5 and place the inside numbers
Good judgment comes from experience, and a lot of that comes from bad judgment...<Will Rogers>
