There is only one way to CONSISTENTLY win in craps.
The Second one for the $131 win: I was on the table for 35-45 mins. One of the regulars that I know had a big roll (Atlantis Casino)
The Third one for the $41 win: I was on the table for maybe 25 mins or so. (Western Village Casino)
I live in Reno, Nevada where there are a lot of Casino's nearby where I can go on my way to/from work. So not really going out of my way
Keep in mind I don't play at Busy tables where it takes forever for the dice to go around or bets to be made. I play in the morning where there are maybe only 2-3 other players (all regulars) at the table, or I go to Western Village Casino where there are only about 3-4 players most of the time.
Quote: ChiguThe first one for $11 win: I was down and then made it back up, and I was at the table for about 20-30 mins (Grand Sierra Resort Casino)
The Second one for the $131 win: I was on the table for 35-45 mins. One of the regulars that I know had a big roll (Atlantis Casino)
The Third one for the $41 win: I was on the table for maybe 25 mins or so. (Western Village Casino)
I live in Reno, Nevada where there are a lot of Casino's nearby where I can go on my way to/from work. So not really going out of my way
Thanks for answering. How much are you prepared to lose at any one of these sessions?
Quote: SOOPOOThanks for answering. How much are you prepared to lose at any one of these sessions?
I have a stop loss set at $100. I cash in $100 and if I lose it, I lose it. Such as yesterday. I was down to $30 left (or so) and it was my roll. I just put it all out there. If I lost it, I lost it and would have walked away. However, I had a pretty good roll and turned that $30 into $141. (this is why I am changing my strategy to either only bet on myself, or rollers that I know are pretty consistent).
As I build a bankroll on casino money (I have already put my initial investment back into my bank account), I will up my bets and therefore increase the stop loss. So hopefully my $40-$50 wins will be $80-$100 etc. with a stop loss set at $200.
I won't burst your bubble by telling you that sessions and targets and stop losses and your money management strategies are of no consequence.Quote: ChiguI have a stop loss set at $100. I cash in $100 and if I lose it, I lose it. Such as yesterday. I was down to $30 left (or so) and it was my roll. I just put it all out there. If I lost it, I lost it and would have walked away. However, I had a pretty good roll and turned that $30 into $141.
As I build a bankroll on casino money (I have already put my initial investment back into my bank account), I will up my bets and therefore increase the stop loss. So hopefully my $40-$50 wins will be $80-$100 etc. with a stop loss set at $200.
Life has a way of doing that for you.
Quote: OnceDearI won't burst your bubble by telling you that sessions and targets and stop losses and your money management strategies are of no consequence.
Life has a way of doing that for you.
I get it mathematically you can not beat the game. I understand that. Also on average most people lose at the casino, however, keep in mind with averages there are those on either end of the spectrum. I personally believe in dice influence (not control), and that coupled with money management makes me feel that I can be a consistent winner. Even if it's a small amount.
My philosophy is, "if it ain't broke don't fix it". It seems to be working for me, for quite a number of sessions now. I don't know if it will work long-term. But I only take money I can risk to lose and I have already made 5x my current stop loss. So I have a bit of a buffer.
I too, suffer good fortune in that I'm ahead lifetime at -ev games.Quote: ChiguI get it mathematically you can not beat the game. I understand that. Also on average most people lose at the casino, however, keep in mind with averages there are those on either end of the spectrum. I personally believe in dice influence (not control), and that coupled with money management makes me feel that I can be a consistent winner. Even if it's a small amount.
My philosophy is, "if it ain't broke don't fix it". It seems to be working for me, for quite a number of sessions now. I don't know if it will work long-term. But I only take money I can risk to lose and I have already made 5x my current stop loss. So I have a bit of a buffer.
So long as you are having fun within your entertainment budget, then you are 'winning'
Just don't be under any illusions: Lady Variance is a fickle b****
My gambling philosophy is, "you can't fix", oh NVM.Quote: Chigu
My philosophy is, "if it ain't broke don't fix it".
Quote: AxelWolfMy gambling philosophy is, "you can't fix", oh NVM.
LOL
Quote: ChiguI get it mathematically you can not beat the game. I understand that. Also on average most people lose at the casino, however, keep in mind with averages there are those on either end of the spectrum. I personally believe in dice influence (not control), and that coupled with money management makes me feel that I can be a consistent winner. Even if it's a small amount.
My philosophy is, "if it ain't broke don't fix it". It seems to be working for me, for quite a number of sessions now. I don't know if it will work long-term. But I only take money I can risk to lose and I have already made 5x my current stop loss. So I have a bit of a buffer.
That's not quite exactly how it goes. 99% of regular casino goers lose, 1% get lucky and win. How you throw the dice makes no difference. You've been on the lucky side and you're enerally willing to lose 2x what you want to win.
The truth will set you free soon enough... if you don't ignore it or make excuses for it.
ZCore13
How much do you make an hour at your job?Quote: ChiguBooked a $56 win today. Was there just under an hour.
I think its time to quit that job and go craps full time.
Max out that line of credit with cash advances and max out the payday loans out before you do. Bump up your bets and really make some bank.
I will continue to post my wins and losses on here if you guys want. If it gets annoying I will stop.
Quote: ChiguLol I make more than that at my job. Gambling (unless poker) for a living is a losing proposition. I know if I stayed there for hours I would come out a loser. I am in a position now to bump up my bets using casino money. We will see what happens.
I will continue to post my wins and losses on here if you guys want. If it gets annoying I will stop.
Instead of making your $56 or $113 or whatever and leaving the casino with the profits and coming back the next day..
Why not just take a lap walking around the casino , and then start again and make another $56... then take a break to eat and start again etc
Why do the sessions have to be an entire day apart ?
Let their bubble be small. They know they're wrong, it protects them.Quote: OnceDearI won't burst your bubble by telling you that sessions and targets and stop losses and your money management strategies are of no consequence.
Life has a way of doing that for you.
Quote: michael99000Instead of making your $56 or $113 or whatever and leaving the casino with the profits and coming back the next day..
Why not just take a lap walking around the casino , and then start again and make another $56... then take a break to eat and start again etc
Why do the sessions have to be an entire day apart ?
I have a family and don’t have time to stay for hours on end at the casino. I just go when I can before/after work. Also my entire strategy is based on limiting time in the casino. Sort of the”quit while you are ahead”.
Quote: ChumpChangeYour gambling diary should post winnings on every type of game you play every day. Losses may not be tax deductible in some areas. If you're $10 up on a match play after 3 hours of play, consider it a win and go home and come again another day. If you're trying to win $5000, feel free to stay another 3 hours.
I don’t get it. Wins are not taxable and losses are not tax deductible. The only game I play is craps. Nothing else.
From the sounds of it you don't have much of a bankroll so I cant imagine your current job is paying you all that well.Once you quit your job you should have more than enough time.Quote: ChiguI have a family and don’t have time to stay for hours on end at the casino. I just go when I can before/after work. Also my entire strategy is based on limiting time in the casino. Sort of the”quit while you are ahead”.
Just quit while you are ahead 20 different times a day that should get you at least $400 a day to start. Just keep bumping up your bets, the next thing you know it will be making $800 a day, then $1600 a day. sky's the limit. Teach your wife the system( you guys can hire a baby sitter if need be).
Once you guys are balling, start branching out and get a team working for you. Just imagine all the money you will be making with 6 guys all hitting and running 20 times a day.
Quote: AxelWolfFrom the sounds of it you don't have much of a bankroll so I cant imagine your current job is paying you all that well.Once you quit your job you should have more than enough time.
Just quit while you are ahead 20 different times a day that should get you at least $400 a day to start. Just keep bumping up your bets, the next thing you know it will be making $800 a day, then $1600 a day. sky's the limit. Teach your wife the system( you guys can hire a baby sitter if need be).
Once you guys are balling, start branching out and get a team working for you. Just imagine all the money you will be making with 6 guys all hitting and running 20 times a day.
Sarcasm noted. No need to be a dick.
Quote: ChiguSarcasm noted. No need to be a dick.
Aaaaand he gets his first suspension. Update us on Sunday when you get back.
ZCore13
I want to be a contributing member on this forum and I joined in good faith to state opinions and discuss what I am currently doing and posting my actual results. Whether it be positive or negative.
I am willing to continue posting but if this is the tone of the forum, I don’t need the negativity. I am not expecting anyone to agree with me but all the posts prior to that one have been constructive criticism. However when a poster discusses my job/wife etc. that is crossing the line.
If that poster must know, I make a 6 figure salary plus a 25% bonus.
You've been more humble than most that come in with these threads and it's that lack of cockiness and the fact you have some understanding of the house edge and long term that make it seem like you could stay here. This thread will only spiral into negativity if it continues though, so I hope you continue to make other gambling related posts or threads but of a different sort.
Hi Chigu,Quote: ChiguWhy would I be suspended ? I did not call him a name, I stated that there was no need for him to be one. Just because I used another word for the male genatalia? As opposed to being passive aggressive as he was? Which I did not provoke nor was it called for.
I want to be a contributing member on this forum and I joined in good faith to state opinions and discuss what I am currently doing and posting my actual results. Whether it be positive or negative.
I am willing to continue posting but if this is the tone of the forum, I don’t need the negativity. I am not expecting anyone to agree with me but all the posts prior to that one have been constructive criticism. However when a poster discusses my job/wife etc. that is crossing the line.
If that poster must know, I make a 6 figure salary plus a 25% bonus.
As a moderator, I saw Axel's post and it was indeed sarcastic. I'm pretty sure it wasn't meant to see you bankrupt. Please don't be offended or driven away, but dice influencers and craps players with a winning strategy always get derided here. Consider it a favour to you to try to show you the error of your ways before you hit a perfectly expected losing streak. I think you know reality well enough.
As I said: If you are enjoying the game and playing within your budget then good for you. However your comment about regular after work visits sounds like the start of compulsive behaviour. The worst thing that can happen at this stage is an early winning streak. Believe me, they are expensive.
As to telling Axel not to be a dick. I personally judge that as a measured response and will not suspend you for it, but please show more restraint in future. Note that Wizard is very tough on personal insults and he might not be so lenient.
To Axel I say.... Please don't be a d make new posters uncomfortable. We can say 'I told you so', later.
Looking forward to Chigu's future contributions.
Oh... And Chigu. As I understand it, if you are in the USA, you are obliged to report and pay taxes on all table winnings. The fact that there is no paper trail is moot.
Not by me, this time. I hope Wizard accepts my ruling, but I won't get upset if he doesn't.Quote: Zcore13Aaaaand he gets his first suspension. Update us on Sunday when you get back.
ZCore13
YMMV.
OD
Quote: ChiguI don’t get it. Wins are not taxable and losses are not tax deductible.
The 2nd part is right if you don't itemize. The 1st part is super duper extra wrong.
but it's a pretty good way for a recreational gambler to play (comparatively)
he's much better off than a gambler betting the same amount on each roll and playing for a long time, many hours
his bankroll is much less exposed to the house edge
Cheers.
I did send him a PM with an apology, and from what I gathered we are good with a nice dialog going. I actually think there is a chance we might get though to him and he will see the light. It might take some doing.
I admit some of us(mainly me) may have taken the wrong approach with him since he does not seem arrogant and hard headed like some of the other more famous DI's/System players the forum has had to deal with. Conformation biases can be very hard to dismiss, I should always consider that aspect. In this case, maybe just maybe we should have tried killing him with kindness.
I look forward to his continued participation on the forum and who knows, perhaps one day we will meet up and become friends.
Wins are indeed taxable, and losses are deductible in certain cases. See my article, Taxes on Gambling.Quote: ChiguI don’t get it. Wins are not taxable and losses are not tax deductible.
If anyone is interested in what I am doing/how I am throwing. I will post it.
Quote: ChiguI have something that works for me and having fun playing.
If anyone is interested in what I am doing/how I am throwing. I will post it.
Let's analyze your top sentence. When you say "I have something that works for me" there is an implication that you think it somehow gives you an advantage. But your saying "and have fun playing" might temper that and really mean that it is just something you do, knowing you are playing a losing game, but enjoy it anyway.
When I play I play pass line, odds, and lots of come bets with odds. "I have something that works for me and have fun playing." I don't post my wins or losses usually, because it is really just a matter of saying "I was lucky yesterday" or "The dice were cold last week". The house has a slight edge over me, so if I happen to win I just attribute it to having been lucky that day.
Feel free to keep posting your wins/losses and what you are doing to get there. Just be prepared to know that we know it was either good luck, or bad, that got you there. Nothing more, nothing less.
Quote: SOOPOOLet's analyze your top sentence. When you say "I have something that works for me" there is an implication that you think it somehow gives you an advantage. But your saying "and have fun playing" might temper that and really mean that it is just something you do, knowing you are playing a losing game, but enjoy it anyway.
When I play I play pass line, odds, and lots of come bets with odds. "I have something that works for me and have fun playing." I don't post my wins or losses usually, because it is really just a matter of saying "I was lucky yesterday" or "The dice were cold last week". The house has a slight edge over me, so if I happen to win I just attribute it to having been lucky that day.
Feel free to keep posting your wins/losses and what you are doing to get there. Just be prepared to know that we know it was either good luck, or bad, that got you there. Nothing more, nothing less.
ok fair enough. To clarify my statement then.. I have had consistent good luck.
Quote: Chiguok fair enough. To clarify my statement then.. I have had consistent good luck.
And lets hope it continues! But if it doesn't, let's not be surprised!
Quote: SOOPOOAnd lets hope it continues! But if it doesn't, let's not be surprised!
True! Thanks for the well wishes.
Quote: ChiguSorry to revive an old thread here, but I really disagree. The 'short game' is the only way to consistently win (and yes you can consistently win). Let's look at the math, there is more ways to roll a 7 then ANY other number, so when comparing one place bet number vs the 7 that would then be a losing proposition. However if there is a 6/36 chance of rolling a 7, there is a 24/36 chance of rolling either a 4,5,6,8,9 or 10 (6 ways to roll the 1,2,11,12). Therefore you have a 66% chance of hitting those numbers instead of the 7. Also mathematically (and in real life) the 7 will show up on average once every 6 rolls. You can consistently win by taking 2 hits and then turning your bets off (or pulling down).
Also any house edge can be reduced by doing a bit of progressive betting and setting a stop/loss. For example if you place 32 across, you have a 66% chance of hitting a score number instead of the 7 and non-score numbers (1,2,11,12). Take 2 hits and then pull the bet down. If the shooter 7's out on the first throw after the point, it would take almost 5 throws (therefore 2.5 players) to get your money back. What you can do is increase the next bet to $64 across and that way you can get your loss back in less than 3 rolls (and make a bit of profit). You can definitely win consistently if you do the following
1) be disciplined with the 2 hits and out
2) not be afraid to increase bet after not making it to 2 hits
3) Set a stop loss
I have tried this strategy out over the last 2 weeks and here are the results (Keep in mind I did get greedy a couple of times and went for 3-4 hits, and it didn't work out for me)
$25, $50. $32, $42, $70, $49, $21, $-100 (stop loss), $81 = $270 profit. I have had 8/9 winning sessions.
Yes the sample size is small, and it should be noted that the loss occurred at a casino I just tried out for the first time. I have yet to lose using this strategy at the casino and craps table I normally frequent. Yes I do believe in dice control. I see the regulars every morning when I stop off on the way to work to throw a couple. It is always the usual suspects that throw into the teens at least (me included). They are all dice setters.
Hey Chigu, I just caught up with what has been said here. Ive been banned for..... well Im still not sure why.... but good luck with what you are doing. I see a certain individual has stirred things up with you too. not surprising. Dont fall into his trap. Stick to what works for you. Sounds like you are on the right side. Who cares what others think. The bottom line is the W!
Quote: WatchMeWinHey Chigu, I just caught up with what has been said here. Ive been banned for..... well Im still not sure why.... but good luck with what you are doing. I see a certain individual has stirred things up with you too. not surprising. Dont fall into his trap. Stick to what works for you. Sounds like you are on the right side. Who cares what others think. The bottom line is the W!
Thanks for the words, Yes I have learned that bringing up the words 'system' or 'dice influence' on this forum and people get a bit touchy. All I know is that I have an Seven out Ratio significantly higher than the average. Even if I throw the average which is 6 rolls, with the short game I am consistently making money. Yes it is not a lot of money because I am uncomfortable betting a high initial bet but I'm getting there as I increase my bankroll.
People can chalk it up to a string of good luck, but at the moment I'm making some money. That's all I really care about.
Quote: ChiguAll I know is that I have an Seven out Ratio significantly higher than the average. Even if I throw the average which is 6 rolls, with the short game I am consistently making money.
It's fun to win and even more fun to have winning streaks, but I can promise you, you roll just as many sevens over the long haul as I would throwing out of a cup. And, as you've already been told, playing a short session today and another short session tomorrow is no different than two in the same day or one with equal time as the two.
But keep having fun while it lasts or you think its happening. Either way, if it's fun for you, more power to ya.
ZCore13
When you are winning, test your luck a little longuer.
When you don’t seem to make one good thing happen, Get the F out of there and come back another day where things look stress less.
Quote: DanFThe only tip to win is:
When you are winning, test your luck a little longuer.
When you don’t seem to make one good thing happen, Get the F out of there and come back another day where things look stress less.
great advice, much wow
A stress-free craps table is one that is not yet open.Quote: DanFand come back another day where things look stress less.
