rgn1980
rgn1980
Joined: Jul 1, 2012
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August 10th, 2018 at 3:43:34 PM permalink
Local casino offers 100x odds and has $10 tables on weeknights.

I know the lowest house edge would be pass with 10x odds, but it is more action (fun) to play 5x odds on each of pass line and one come.

Even better option is 10x odds on don't pass.

Thoughts?
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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August 10th, 2018 at 4:08:05 PM permalink
The odds don't make any difference to your expected loss rate but makes the winning or losing swings more extreme. Using two basic bets (Pass/Come) increase your expected loss but slightly reduce your swings. Since you say it's more fun, the decision is whether it is worth the extra expected loss of 14c.
pwcrabb
pwcrabb
Joined: May 15, 2010
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August 10th, 2018 at 6:44:19 PM permalink
You will have a great deal more fun making many Come bets and taking only moderate Odds. In contrast, there are solid reasons to never lay any Odds at all on the Dark Side. I recommend staying on the Bright Side.

If you were to play 100 games of Pass and Come without any Odds at all, you would have less than a three percent chance of losing more than ten bet units. Playing "naked" is almost like betting on a coin toss.

Over a third of the already tiny House Advantage is disposed of by taking only Single Odds.

An advantage of Single Odds is that the expected revenue profile of money won from each of the possible winning numbers most closely matches the actual probability of those numbers. At higher Odds multiples, the expected revenue profile unduly emphasizes revenue from Box numbers and diminishes revenue from the Natural Winners, Seven and Eleven. In my personal play, I never take more than double Odds on my many Come bets.

A money management rule of thumb for such play is to begin with a flat bet that is about two percent of your table stake.

After you are comfortable making and keeping track of many Come bets with their Odds, you will want to learn to make Place bets with your profits.
"I suppose I was mad. Every great genius is mad upon the subject in which he is greatest. The unsuccessful madman is disgraced and called a lunatic." Fitz-James O'Brien, The Diamond Lens (1858)
mustangsally
mustangsally
Joined: Mar 29, 2011
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Thanks for this post from:
unJongoatcabin
August 10th, 2018 at 7:43:52 PM permalink
Quote: pwcrabb

You will have a great deal more fun making many Come bets and taking only moderate Odds.

you say that as IF it IS a fact.
It is ONLY your opinion.
Craps players I have seen that make only pass and come have NO FUN when they lose, as many times they lose ALL with 1 roll of the dice.

where is the fun in that I ask you?
Quote: pwcrabb

In contrast, there are solid reasons to never lay any Odds at all on the Dark Side.

name 3 solid reasons and you win a prize!

well, this time thanks for sharing more of your interesting opinions
Quote: pwcrabb

I recommend staying on the Bright Side.

are you sure?
why?
please share your opinions on this
this is so interesting

Quote: pwcrabb

If you were to play 100 games of Pass and Come without any Odds at all, you would have less than a three percent chance of losing more than ten bet units.

omg!

what IS 100 games of pass and come?
Is that 100 decisions, 100 rolls?
100 pass line bets resolved

and only a 3% chance
no way
you are in blue sky now as I know what I say (it is my opinion)

what gives??

this was and is so disgusting in so many ways, imo
stay betting the dark side

but interesting
I Heart Vi Hart
unJon
unJon
Joined: Jul 1, 2018
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August 10th, 2018 at 7:50:18 PM permalink
mustangsally, I just wanted to say I have the urge to go push “Thank You” on every post you ever made.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
Ace2
Ace2
Joined: Oct 2, 2017
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August 10th, 2018 at 7:52:02 PM permalink
For 100 rolls, 3% chance of losing over 10 units sounds about right. Assume that’s about 30 decisions so 10 units would be roughly 2 SD south of expectations.

If starting with only 10 units, risk of ruin would be about double that %.
It’s all about making that GTA
mustangsally
mustangsally
Joined: Mar 29, 2011
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August 10th, 2018 at 11:31:31 PM permalink
Quote: Ace2

If starting with only 10 units, risk of ruin would be about double that %.

what kind of betting?
the OP (can't figure out what he/she is after,imo)
or
another poster?

My blog has some RoR for Molly/All betting
I did it for someone long time ago (I was nice back then)

I got this from a simulation
pass/come every roll for 100 rolls
no odds are taken
start bank = 10 units
each bet = 1 unit
ruin = about 32%

a 20 unit bankroll has a 3.4% RoR with pass/come every roll betting system
no odds are taken

I used WinCraps software for my sims
at one point in time.

time for Baccarat, Mom!
Sally
I Heart Vi Hart
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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August 11th, 2018 at 5:43:22 AM permalink
Quote: rgn1980

Local casino offers 100x odds and has $10 tables on weeknights.

I know the lowest house edge would be pass with 10x odds,

Lowest would be 100x odds.

As to the rest of this thread I am not sure what is what.

I could barely afford the ten dollar line bets. At 100x odds, (if I could afford it) I would surely keel over with the Ticker going on one final Tock. That would not be much fun (for me).
rgn1980
rgn1980
Joined: Jul 1, 2012
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August 11th, 2018 at 1:37:11 PM permalink
According the Wizard's combined house edge on pass/come w/odds, the house edge goes down as the ratio from odds:pass gets higher. I guess what I'm asking is does it really make a big enough difference for the house edge to go from 0.00326 (5x odds) to 0.00184 (10x).
odiousgambit
odiousgambit
Joined: Nov 9, 2009
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Thanks for this post from:
goatcabin
August 11th, 2018 at 2:49:23 PM permalink
variations in the HE can be misleading when changing bet size or when combining bets. Famously, really, adding free odds to a Craps line bet does not change the expected loss, the EV, in the long run.

Therefore always look at the change in the EV when examining bet combinations.

Having said that, if you keep your total action the same but are putting more of it into the free odds, that is a horse of a different color.
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

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