*-not really, but if you look on Wizard of Odds Website, at https://wizardofodds.com/games/craps/appendix/5
Shows a house edge of more than 7 percent on each bet.
https://wizardofodds.com/games/craps/appendix/5/
There's a lot of craps bets listed, including the Small and Tall, followed by the All bets.
Quote: mountpleasanttwhat are the odds of an all bet- rolling 2-6 and 8-12 before a 7. i know it pays 175-1, with a house edge, but how do you know the odds?
Did you get the number you were looking for?
Odds are a comparison of the number of ways one event can happen versus another. You simply need to set up a ratio of the two events.
The Wizard's page others have cited here shows the probability of winning the All bet as 0.005258 and the probability of losing as 0.994742. So the ratio of winning to losing is:
0.005258 to 0.994742
Divide both sides by 0.994742 and you get:
Odds of winning versus losing are 0.005286 to 1
Likewise, the ratio of losing to winning is:
0.994742 to 0.005258
Divide both sides by 0.005258 and you get:
Odds of losing versus winning are 189.186 to 1
So ... if the All bet were fair it would pay 189.186 to 1 but instead it pays 175 to 1.
That means the house takes 14.186 simoleons from your payoff. So the house advantage is:
14.186/189.186 ~ 7.5% (approximate due to rounding)
Steen
Small and Tall: wins pay 30 to 1, the house edge is 18.30%
All: wins pay 150 to 1, the house edge is 20.61%
Quote: BlueEagleI use to enjoy this side bet but not anymore. I've noticed at M Life strip casinos that the payout has been reduced, resulting in a horrific house edge.
Small and Tall: wins pay 30 to 1, the house edge is 18.30%
All: wins pay 150 to 1, the house edge is 20.61%
I was wondering when they were going to either do away with this bet or change the payouts on it. Im not big on playing side bets, but I have seen all tall bet pay out many times. Far greater amount of times than the fire bet.
The first time I ever saw the bet in Mirage, I was shooting and I watch another guy playing it make nearly 25k on this side bet. He played 100 on all 3 bets (all tall, all small, all or nothing) I believe the payouts were 35-1, 35-1, 175-1. Of course, it was early in the morning and we were the only two people on the table. The dice were flying with rhythm and no stoppage. Lots of numbers.
Quote: mountpleasanttreally, which casinos are at the m life strip?
MGM Grand
Mandalay Bay
New York New York
Bellagio
Mirage
Excalibur
Aria
Luxor
Monte Carlo
maybe Circus Circus (they have some weird arrangement; think they're mostly m life)
Side Note: Pai Gow Poker Fortune bet also going to $5 minimum.
I saw the same thing two weeks ago at Beau Rivage in Biloxi. Seems as if the wager used to be $5 maximum. Not sure what the maximum is now (I didn't play it), but maybe the options are $5 or nothing. That would make it slightly simpler to keep the payouts straight for multiple bettors.Quote: ThenWhatHappensSmall-All-Tall now $5 minimum.
I wonder if this is being implemented as a "feature" of the game and will be this way everywhere soon.
Side Note: Also heard machine players are no longer going to get complementary drink service. Machines will "rate" your coin-in and issue drink tickets.
Quote: ThenWhatHappensSide Note: Also heard machine players are no longer going to get complementary drink service. Machines will "rate" your coin-in and issue drink tickets.
Ugh! Is this just a "Vegas" thing? Or, were you hearing it's coming to the wider gaming world?
(This will probably need its own thread, feel free, I never play machines.)
No meters in the main bar at Bellagio tonite.
Still paying 35- and 175-1. The reset after a natural can take a while...
(1-e^(-x/36)) * (1-e^(-x/18)) * (1-e^(-x/12)) * (1-e^(-x/9)) * (1-e^(-x/7.2)) * e^(-x/6) / 6
= 20,049 / 760,760
=~ 0.026354
No thank you
Quote: Ace2I used to calculate bets like these (All Small or All Tall in this case) using combinations, now I also like using the Poisson process
In case you need it, here's a proof that the integral from 0 to infinity of xn / ex dx = n! for all non-negative integers n.
I can't get the image to show, but here's a link to it
That’s pretty cool. I’m just now brushing up on my calculus. I never really had practical uses for it before.Quote: ThatDonGuyIn case you need it, here's a proof that the integral from 0 to infinity of xn / ex dx = n! for all non-negative integers n.
I can't get the image to show, but here's a link to it
Quote: ThatDonGuyIn case you need it, here's a proof that the integral from 0 to infinity of xn / ex dx = n! for all non-negative integers n.
I can't get the image to show, but here's a link to it
I’m guessing Gordon knows this one!
Quote: unJonSomeone please fix the dupes!
I've deleted a couple hundred in the last 36 hours. I sent word, but haven't heard back yet.
Quote: beachbumbabsI've deleted a couple hundred in the last 36 hours. I sent word, but haven't heard back yet.
Thanks, BBB!