How big a bankroll do I need to do my own home craps game?
November 7th, 2016 at 12:38:43 AM
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I live overseas so laws aren't a problem. Recently in a boring evening with some friends, someone wanted to play poker. Since I suck at poker, I desperately tried to get the conversation turned to craps. I quickly scribbled a crude craps layout on a couple sheets of paper and I found a pair of candy store dice lying around. We took the poker chips and started playing. They were hooked!
We played for hours. The boys seemed to like the field bets. I loved this, due to the big house advantage, I even wrote 2x on both two and twelve, but they still won money on it anyway. I've always wanted to be a carnival barker, so I took great pleasure in calling the game like an old-fashioned stickman. They liked that part, I kind of thought maybe I was being annoying. At the end of the night, I even lost money, about 200 local currency units (~$30 USD). I didn't care, though, we all had a blast. They all said we need to do it again.
If I want to do this again, how much cash should I bring to bankroll it? The minimum bet was 5 and the maximum bet I set at 50. I realize this can cause me to require a much larger bankroll, so maybe the max should be lower. I didn't do any of the complicated bets, just pass, don't pass, field, big 6/8, and all of the prop bets. No come/don't come or buying a number, honestly I never understood those bets anyway. I was the only one who really understood the game, so I was pit boss, stickman, and dealer. I didn't cheat anyone or anything but I did encourage prop bets and the field. ;) I explained all the bets and how to make them. Maybe I'll even get a piece of green felt. Anyone know about home craps games? I tried searching but anything with craps dealing on it just gets a ton of hits about how to get a job in Vegas as a dealer and bankroll tells you how much to bring as a player.
We played for hours. The boys seemed to like the field bets. I loved this, due to the big house advantage, I even wrote 2x on both two and twelve, but they still won money on it anyway. I've always wanted to be a carnival barker, so I took great pleasure in calling the game like an old-fashioned stickman. They liked that part, I kind of thought maybe I was being annoying. At the end of the night, I even lost money, about 200 local currency units (~$30 USD). I didn't care, though, we all had a blast. They all said we need to do it again.
If I want to do this again, how much cash should I bring to bankroll it? The minimum bet was 5 and the maximum bet I set at 50. I realize this can cause me to require a much larger bankroll, so maybe the max should be lower. I didn't do any of the complicated bets, just pass, don't pass, field, big 6/8, and all of the prop bets. No come/don't come or buying a number, honestly I never understood those bets anyway. I was the only one who really understood the game, so I was pit boss, stickman, and dealer. I didn't cheat anyone or anything but I did encourage prop bets and the field. ;) I explained all the bets and how to make them. Maybe I'll even get a piece of green felt. Anyone know about home craps games? I tried searching but anything with craps dealing on it just gets a ton of hits about how to get a job in Vegas as a dealer and bankroll tells you how much to bring as a player.
November 7th, 2016 at 1:29:26 AM
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Its the DICE that are most important.
THEN its the chips...(checques)... you only have to have cash at quitting time to pay the winners off.
You can use official Nevada figures for what a craps table makes if you want to..they are online.
In a casino somone can buy in but wander away with the chips to different game. At home, there is only one game.
Remember, you have to offer a DO and DON'T.
And you have to offer the drinks.
THEN its the chips...(checques)... you only have to have cash at quitting time to pay the winners off.
You can use official Nevada figures for what a craps table makes if you want to..they are online.
In a casino somone can buy in but wander away with the chips to different game. At home, there is only one game.
Remember, you have to offer a DO and DON'T.
And you have to offer the drinks.
November 7th, 2016 at 3:22:28 AM
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You've given the maximum bet. If you could also state the rate of play (rolls/hour) and number of players, perhaps one of the more mathematically gifted forum members could let you know what you as banker would need to cover a "standard" lucky night for the players. I assume you would be able to continually monitor banker loss and could shut the game down before the loss exceeds available funds.
An idea if you supply the drinks: Get players to kick in to cover the cost of the bar stock, then pick up the tab if the bank winnings can cover it.
Great post, it sounds like you are having a lot of fun for your money.
An idea if you supply the drinks: Get players to kick in to cover the cost of the bar stock, then pick up the tab if the bank winnings can cover it.
Great post, it sounds like you are having a lot of fun for your money.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
November 7th, 2016 at 4:20:49 AM
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Dice? You can't use machined craps dice unless you have a craps pit. If you just "roll" them like you roll ordinary dice, they'll thunk and not bounce around. You MUST have a craps pit and the dice MUST bounce off the far wall. I do not have a craps pit, I have a kitchen table.
I already have poker chips.
Casinos run many tables, 24 hours a day. I will be running a single table, once a month perhaps. The casinos can count on a certain level of performance, I can't. It's not comparable. The law of averages will help them but because I won't have enough trials, looking up what a Nevada casino table makes is not helpful.
I don't know the number of players and the rolls per hour. Seeing as I only had the one game, and I wasn't keeping a notepad with information. Maybe 4-6 players and I have no idea how many rolls per hour.
People can BYOB for all I care. It's not a business, I just want to have fun and maybe make some money.
There are element-of-ruin formulas for players based on your maximum bet, there isn't one for home games? Am I the first person to ever have this question? I kind of assumed it had already been solved long ago and I just couldn't find it due to the pollution of search results.
I already have poker chips.
Casinos run many tables, 24 hours a day. I will be running a single table, once a month perhaps. The casinos can count on a certain level of performance, I can't. It's not comparable. The law of averages will help them but because I won't have enough trials, looking up what a Nevada casino table makes is not helpful.
I don't know the number of players and the rolls per hour. Seeing as I only had the one game, and I wasn't keeping a notepad with information. Maybe 4-6 players and I have no idea how many rolls per hour.
People can BYOB for all I care. It's not a business, I just want to have fun and maybe make some money.
There are element-of-ruin formulas for players based on your maximum bet, there isn't one for home games? Am I the first person to ever have this question? I kind of assumed it had already been solved long ago and I just couldn't find it due to the pollution of search results.
