Joined: Aug 1, 2017
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August 1st, 2017 at 6:47:35 PM permalink
New to the forum, first post so here goes:

Would like help running some scenarios or getting thoughts:

let assume 3,4,5x odds, with a $5 table, all odds working on the come out roll

players try to optimize the CB/DC odds, putting them on the best numbers, so the do player on the 6 &8 and the don't player with the 4 & 10 concentrations

can odds optimization: do side side focus 6 & 8 , and dont side focus 4 & 10 help? increase wins? reduce variance? both?

scenario 1:
3 point molly from the DO side,
1 unit odds, when 4 or 10, then 2 units of odds 5 or 9 and starts with 3 units on the 6 or 8, going to 5x odds if 2 hits on 6 or 8, never increasing on the 5,9,4,10 until the 6 & 8 are maxed, then branching out first to the 5 & 9s, then the 4 & 10s, if the 6 or 8 ever falls and a new come bet travels there, it gets athe extra odds money from the 4,5,9,10 first above the starting units (so these odds reduced to fund the 6 & 8 odds)

also optimizing the line odds, the same way, depending on what the point is

3 point polly from the Dont side:
just the reverse
1 unit win on the 6 & 8, so laying &7, win 2 units on the 5 & 9 so laying the 3 units, focusing on the 4 & 10, starting with laying 6 units to get 3, working the 4 & 10 up to max of laying 10 unites, before going any higher above the base starting lays for the 5,6,8,9

same odds strategy on the DP line odds

thanks, Mike
Joined: Feb 11, 2014
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August 1st, 2017 at 9:42:34 PM permalink
Odds change the variance of the game but do not effect the house edge or expected loss.

Yes they can increase wins, but they can also increase losses. Odds are a "fair" bet -- neither the house nor the player has an expectation to win or lose on the wager...whereas all other bets on the table (excluding rare bets, like field with both 3x on 2 and 12....or no vig 4/10...etc.) have a house edge where the house has an expectation to make money on every wager you place.

If you're trying to win money seriously playing craps, you're barking up the wrong tree. If you're looking for a more fun way to play or a way to conserve your bankroll....my best advice is to play around with the free craps game on wizardofodds.com.
It's a piece of cake to bake a pretty cake. If the way is hazy. You gotta do the cookin' by the book. You know you can't be lazy. Never use a messy recipe. The cake will end up crazy. If you do the cookin' by the book. Then you'll have a... Break it down! Lemme see you bake it up! Drop that down low and pick that up. Break it down! Lemme see you bake it up! Drop that down low and pick that up Now back that Hey! Now back that. Hey! Now bake that. Hey! Now bake that. Hey! It's a piece of cake to bake a pretty cake (WHAT!) If the way is hazy (OKAY!) You gotta do the cookin' by the book, (WHAT!) You know you can't be lazy (YEAH!) Never use a messy recipe, (WHAT!) The cake will end up crazy (OKAY!) If you do the cookin' by the book, (YEEAAHHHH!) Then you'll have a...cake! Rub that, it's yours! Grab this, it's yours! Rub that, it's yours! Grab this, it's yours! Now turn around, put that on. Grind, make it get a little bigger! Now turn around, put that on. Grind, make it get a little bigger! You gotta do the cookin' by the book! HEY!
Joined: Aug 1, 2017
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August 2nd, 2017 at 4:05:55 AM permalink
RS, thanks for responding

I definitely have no illusions, that a negative expectation game can be beaten in the long run, just enjoy playing craps, with lose-able, discretionary funds, when and if I do go gamble, which is a rarity

but I still want to be educated and as hard to beat as possible (if that can happen in a neg edge game)

i understand that the odds affect the variance, win more or lose more

what i was wondering, does increasing the odds on higher frequency base come bet numbers, say 6 & 8 from the do side, help, vice versa 4 & 10 from the donts, then minimizing odds on the less rolled numbers

by help meaning: lessen drawdowns in a session, increasing the chance of being there for a longer roll, with your bankroll

or just a wash overall, no matter what is tried, since a neg expectation game?
Joined: Nov 9, 2009
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August 2nd, 2017 at 4:35:37 AM permalink
the only way the odds help is for you to place as much of your action as you can on them

this requires a concept of "how much I want in action" at any time. If you do not have that, it doesn't make all that much sense. You seem to be varying how much you are putting on the odds, sometimes not much. This suggests a different strategy would be better, however, it is not necessary to put max odds if that is just more than you want to bet at any one time.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
Joined: Aug 1, 2017
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August 2nd, 2017 at 7:15:40 AM permalink
so if I decide that my bankroll only warrants 15% of my table session money at one time

ex 300, so .15% is 45

line bet 5, with 10 odds
and then 2 come bets with 10 odds each

is it better to follow that blindly or to optimize

example, point is 4 or 10, so might not want to max line odds,

where as on a point of 6 or 8, should go to the 25 right away, then use the other 15, (45 minus the 30), and do 2 come bets, with the other 5 odds on the better of the 2 come bet numbers

just want to know if it helps overall, dampen session variance to focus line and come bet odds on the 6 & 8 when possible, and minimize on the 4 & 10 as examples
Joined: Jan 29, 2018
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January 29th, 2018 at 7:52:05 PM permalink

I have been reading the forums and I am still a bit confused on the house edge per roll vs. house edge per bet resolved. I am trying to determine hourly expected loss based on a few different methods of playing. Any help would be greatly appreciated!

I typically play $10 tables and I will play the pass line with single or double odds followed by placing the six or eight.

In calculating the hourly expected loss using this strategy, I am assuming 100 rolls/hour (is this average?)
--Pass Line: ($10 x .42%) x 100 = $4.2 hourly expected loss
--Placing Six: ($12 x .46%) x 100 = $5.52 hourly expected loss
--Placing Eight: ($12 x .46%) x 100 = $5.52 hourly expected loss
Total Hourly Expected Loss = $15.24

Is this the correct calculation?

I am trying to compare this expected loss scenario with playing a three point molly with single odds and double odds. I am a bit confused as to how the house edge is reduced when utilizing odds. My understanding is that odds are a free bet and thus have no house edge but the pass line bet has a house edge of 1.41% no matter what, i.e., if I play a $10 pass line bet with $20 in odds, my expected loss is still 1.41% or .42% per roll.

I am confused when I see that the house edge is .83% when utilizing single odds and .61% when utilizing double odds. Does this percentage apply to the combined wager, i.e., when playing double odds at a $10 table, .61% house edge on the total $30 wagered? If so, how would I calculate the house edge per roll as I am interested in trying to determine expected hourly loss?

Thank you
Joined: Feb 2, 2010
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January 30th, 2018 at 1:13:49 AM permalink
The reduction of expected loss does not change, so if your calcs are correct for 100 rolls, for 100X odds the expected loss stays the same. Someone started to include the free odds bet and combined it with the line bet to make it appear you were losing less. Buying half The Brooklyn Bridge for $100 has the same expected loss as buying it all for $100!

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