Thank you for that. I have only been at a table 1 time when the 6th was lit. I told this story last month. I had $1 fire. I hedged for $280. The guy next to me said I was stupid for it. I was like whatever I don't care. He also made a big deal of me not taking odds.
This is FOMO, a human weakness/fear that drives people into making bad decisions.
You want to be that guy who rolls all six numbers and not have a fire bet.
I feel like my math is wrong somewhere. I would expect the Vig to bring down the EV. My math IS wrong. It's because when you bet and "win" you lose the VIG.
bottom line is ALL craps players want to winQuote: boymimbo
You pay vig for losing variance.
I've shot craps for 10 years now and this is the 1st time I've seen this bet. Shooter has made four fire bet points and will get at least 25 X's his fire bet of $5. Rolls a 5 for is 5th number and lays $180 on the 5.
His thinking is that he already has a $125 and lays the 5 to increase his winnings. If he 7's out he gets a $120 for his $180, plus his $125, if he makes the 5 he's going to get $1250 less the $180. Or $5000 If he makes the 6th fire point. I my guessing if he would have gotten to the 6th point he might have layed that also.
He 7's out on the 5 so he ends up winning $245.
I rolled 4 points the day before the with a $5 fire bet. Do you think I should have laid the 5th point?
I only bet the fire bet when I roll. Don't wanna be that guy that rolls 6 numbers and didn't have a fire bet!
The founder of this web site would say no. NO HEDGING (unless it involves life changing money).
show me a craps player that likes to lose and I show you
a special quarter I found in my change purse.
I'm interested in the quarter.