100xOdds
100xOdds
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October 15th, 2018 at 2:12:08 PM permalink
saw this happen at a casino:
$1 vig to buy the 4/10 for $20 - $35, taken up front.

$1 vig on $35 to buy the 4/10, taken up front.
what's the House Edge?

$3 vig to buy $75 4/10, taken up front.
What's the HE?

heck, $1 vig to buy the 4/10 for $39, taken up front.
What's the HE?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
ChesterDog
ChesterDog 
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100xOdds
October 15th, 2018 at 3:38:43 PM permalink
Quote: 100xOdds

saw this happen at a casino:
$1 vig to buy the 4/10 for $20 - $35, taken up front.

$1 vig on $35 to buy the 4/10, taken up front.
what's the House Edge?

$3 vig to buy $75 4/10, taken up front.
What's the HE?

heck, $1 vig to buy the 4/10 for $39, taken up front.
What's the HE?



I get these numbers:
Bet ($)Vig. ($)Win ($)Lose ($)HE (%)
20
1
39
-21
4.762
25
1
49
-26
3.846
30
1
59
-31
3.226
35
1
69
-36
2.778
75
3
147
-78
3.846



And $1 vig to buy the 4/10 for $39, taken up front, I get 2.5%.
7craps
7craps
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October 15th, 2018 at 3:50:01 PM permalink
Quote: ChesterDog

I get these numbers:
And
$1 vig to buy the 4/10 for $39, taken up front, I get 2.5%.

agree
simple formula for $1 vig
1/(bet+1) for $39 bet the HE is 1/40
for others
vig/(bet+vig) for $75 bet the HE is 3/78 or same as 1/26 (for a $25 bet)

btw, vig on win only
vig/(bet+payoff)

think I printed that right
enjoy the values
winsome johnny (not Win some johnny)
ChumpChange
ChumpChange 
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October 15th, 2018 at 4:07:43 PM permalink
This why people take odds on Come Bets.
DeMango
DeMango
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October 15th, 2018 at 7:14:52 PM permalink
This is why people play in Mississippi, vig on win only! Figure out the difference and weep!
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
7craps
7craps
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100xOdds
October 15th, 2018 at 9:13:28 PM permalink
Quote: DeMango

Figure out the difference and weep!

here is what I get for vig on a win only
as a comparison.
Bet($)Win($)Vig.($)net Win ($)Loss ($)HE
2040139201.667%
2550149251.333%
3060159301.111%
3570169350.952%
3978177390.855%
751503147751.333%
winsome johnny (not Win some johnny)
DeMango
DeMango
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October 15th, 2018 at 11:38:07 PM permalink
Thanks for that. About 3% cheaper when vig on win in MS and other places that have a good craps game. Don’t know if the game still exists in Tunica, but on some crapless games you could buy the 12 for $35, $1 vig on win. Didn’t get any better than that! Is the vig on that .41?
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
GWAE
GWAE
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October 16th, 2018 at 5:11:08 AM permalink
Quote: DeMango

This is why people play in Mississippi, vig on win only! Figure out the difference and weep!



Pennsylvania as well. We can also buy the 5 and 9 with vig on win
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
ahiromu
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October 16th, 2018 at 8:43:27 AM permalink
Quote: 100xOdds

saw this happen at a casino:
$1 vig to buy the 4/10 for $20 - $35, taken up front.

$1 vig on $35 to buy the 4/10, taken up front.
what's the House Edge?

$3 vig to buy $75 4/10, taken up front.
What's the HE?

heck, $1 vig to buy the 4/10 for $39, taken up front.
What's the HE?



Isn't this how they do it in AC? Toking with $1 across is popular because they round up on every wager. So all the numbers pay 3 for 1.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
100xOdds
100xOdds
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October 16th, 2018 at 12:20:08 PM permalink
Quote: ahiromu

Isn't this how they do it in AC? Toking with $1 across is popular because they round up on every wager. So all the numbers pay 3 for 1.

is there a way to say winnings only to the dealer?
that way, you don't have to tote again when the # hits?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
7craps
7craps
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October 16th, 2018 at 3:18:58 PM permalink
Quote: DeMango

Don’t know if the game still exists in Tunica, but on some crapless games you could buy the 12 for $35, $1 vig on win. Didn’t get any better than that! Is the vig on that .41?

Last time I was at Tunica was in 2007 and I remember that bet too.
HE would be 1/245 or 0.004081. that would be .41%
winsome johnny (not Win some johnny)
7craps
7craps
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October 16th, 2018 at 3:20:22 PM permalink
Quote: 100xOdds

is there a way to say winnings only to the dealer?

'same bet' has worked well for years.
both the Dealers and the players can use it
winsome johnny (not Win some johnny)
discflicker
discflicker
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October 16th, 2018 at 9:33:39 PM permalink
Quote: DeMango

Thanks for that. About 3% cheaper when vig on win in MS and other places that have a good craps game. Don’t know if the game still exists in Tunica, but on some crapless games you could buy the 12 for $35, $1 vig on win. Didn’t get any better than that! Is the vig on that .41?



Just to clarify from that other thread, in Tunica, you only pay the vig when you win, yes, seen it, done it, but can you still take the bet down without paying anything? Seems like it could be a lot of work for the dealers for no profit.
The difference between zero and the smallest possible number? It doesn't matter; once you cross that edge, it might as well be the difference between zero and 1. The difference between infinity and reality? They are mutually exclusive.
wilbsmitt
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October 16th, 2018 at 10:10:32 PM permalink
Quote: 100xOdds

is there a way to say winnings only to the dealer?
that way, you don't have to tote again when the # hits?



Just say "player control". This way you can same bet, press a unit, etc.
DeMango
DeMango
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October 17th, 2018 at 12:36:52 AM permalink
No buy/place bet is a contract bet. Can be taken down anytime, with vig returned.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
RS
RS
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October 17th, 2018 at 10:35:32 PM permalink
Yup, I remember they did auto-buy on the 5/9 in Biloxi, but only on even numbers. Odd numbers paid 7:5. Not much of a difference at lower amounts, but higher you get screwed. $70 would pay $102 while $75 pays $105. And $80 would pay $116.
DeMango
DeMango
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October 18th, 2018 at 2:36:03 AM permalink
Most casinos now pay the $25 5/9 at $36 in Biloxi. The former “not so grand”, aka Harrah’s Gulf Coast gives you the option, buy $24 or place $25, with either paying $35.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
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