Craps tournament strategy

I was wondering what people think of about this strategy in a craps tournament. I would basically bet whatever the table minimum is on the pass line w/o odds to conserve my bankroll and hang back while half the field might go bust while the other half get a better, in not totally offfest, posistion. Then I step in and start playing, having to deal with only half of the original conststants. As for how many contestants I'd be dealing with in terms of actual numbers- who knows.

Thoughts are welcome.

I work casino party nights where people try to win chips to cash on prize tickets. Free odds is not the way to go in a tourney. You have to bet against what most of the table is doing for one thing. IE. they bet pass you bet DP.

Next, make use of the COME bet. And place bets. You need to keep building a bankroll and your best hope is to have lots of action always paying. Consider my modified Iron Cross method where you have 2 units on 5/6/8 and one on Field. Play hardways, but avoid prop bets.

Read up on poker tourneys and notice the strategy that transfers. You are playing against the clock, you can only use so much smart by the book play.

It is rare people come from way behind unless they hit a few props in a row. Covering the board, hoping for long rolls, and selective pressing is how to do it.

Quote: AZDuffman

I work casino party nights where people try to win chips to cash on prize tickets. Free odds is not the way to go in a tourney. You have to bet against what most of the table is doing for one thing. IE. they bet pass you bet DP.

Next, make use of the COME bet. And place bets. You need to keep building a bankroll and your best hope is to have lots of action always paying. Consider my modified Iron Cross method where you have 2 units on 5/6/8 and one on Field. Play hardways, but avoid prop bets.

Read up on poker tourneys and notice the strategy that transfers. You are playing against the clock, you can only use so much smart by the book play.

It is rare people come from way behind unless they hit a few props in a row. Covering the board, hoping for long rolls, and selective pressing is how to do it.

Are you also saying that, like a poker tournament where the blinds are raised at regular ineterales, the same is done with the craps minimum bet?

Quote: Lovecomps

Are you also saying that, like a poker tournament where the blinds are raised at regular ineterales, the same is done with the craps minimum bet?

I have never run or been in a craps toruney so no idea. What I am saying is time is limited so you cannot play like you should normally play. All your chips are worthless unless you place so build as you can then try to make a run at the end. The people I see get big stacks rarely are playing a smart strategy, they are hitting longer shots.

What do you do when you win $50,000 in promotional chips at a craps tourney? Go play baccarat at $1000 a hand? Win 9 hands and come back the next day?

Quote: ChumpChange

What do you do when you win $50,000 in promotional chips at a craps tourney? Go play baccarat at $1000 a hand? Win 9 hands and come back the next day?

This question deserves its own thread, instead of hijacking this one, chump.

Quote: AZDuffman

I have never run or been in a craps toruney so no idea.
What I am saying is time is limited so you cannot play like you should normally play.

the events I have been in, was either timed or had a set number of rolls.
I have never won any of those events, many people just bet real big, hit 3 or 4 winners in a row and the others bust out trying to catch them.
some events actually have a max $ bet on any bet, those suck.

In half an hour will a hard 6 put you in the lead?

Quote: 7craps

the events I have been in, was either timed or had a set number of rolls.
I have never won any of those events, many people just bet real big, hit 3 or 4 winners in a row and the others bust out trying to catch them.
some events actually have a max $ bet on any bet, those suck.

ca

I can see why they might have a max. There could be +EV to putting most to all of it on a prop bet. If you could have even a marginal effect on dice outcome by trapping them in the corner under the alligator even more so. (NOTE: Please nobody start up on dice control.)

Again, from what I have seem you need to place 6/8, press winnings, and hope for long rolls. In addition, throw down some hardway bets. You will not win a tourney hoping to max free odds and reducing house edge. You have to play like a wiseguy, make higher probability bets and hope for a good run and hardways.

It really all depends on the table. Was invited to a craps tournament last Saturday at my local casino. The rules were are follows

1) everyone gets $2500 in tournament chips
2) total of 25 rolls per round
3) Top 3 money winners in each round go to the final table

In the first round, it was COLD and a lot of people dropped out, there were only 4 people left at the end. The Don't players won big, also if you didn't really bet much you would have moved on.

The second round was the complete opposite. The first player rolled about 4 times, and the second roller finished off the remaining 21. So in that case you would have had to bet big or you wouldn't have made it

I didn't pay attention to the 3rd round

In the fourth round that I was in, the first roller rolled about 12 times, and the second roller finished off the remaining 13. I turned my $2500 in chips to $4700 but just missed out on top 3 by $130.

From what I gathered from the regular tournament players is to keep an eye out on everyone's stack. And once you get down to the last few rolls. IF you are down, bet a bunch of money on the hoppers and hope you hit.

limited time as X rounds/points/shots? Like blackjack toruneys?

Quote: Chigu

It really all depends on the table. Was invited to a craps tournament last Saturday at my local casino. The rules were are follows

1) everyone gets $2500 in tournament chips
2) total of 25 rolls per round
3) Top 3 money winners in each round go to the final table

In the first round, it was COLD and a lot of people dropped out, there were only 4 people left at the end. The Don't players won big, also if you didn't really bet much you would have moved on.

The second round was the complete opposite. The first player rolled about 4 times, and the second roller finished off the remaining 21. So in that case you would have had to bet big or you wouldn't have made it

I didn't pay attention to the 3rd round

In the fourth round that I was in, the first roller rolled about 12 times, and the second roller finished off the remaining 13. I turned my $2500 in chips to $4700 but just missed out on top 3 by $130.

From what I gathered from the regular tournament players is to keep an eye out on everyone's stack. And once you get down to the last few rolls. IF you are down, bet a bunch of money on the hoppers and hope you hit.

Do they take down bet's at the end? Roll till an point is made / 7 out after 25 rolls?

Seems like you have to play the field for 25 rolls and double your money if you can hit 6 in a row on a progression.

Q: Is it harder to win 6 in a row on the field or on the passline?

Quote: JoeTheDragon

Do they take down bet's at the end? Roll till an point is made / 7 out after 25 rolls?

After 25 rolls, if the last number wasn’t a 7 out. Whatever is on the board is returned to you. You didn’t lose the bet, just reached the 25 rolls.

Quote: Chigu

From what I gathered from the regular tournament players is to keep an eye out on everyone's stack. And once you get down to the last few rolls. IF you are down, bet a bunch of money on the hoppers and hope you hit.

From working the party nights I would agree this is a good way to go. Or work a field progression bet since that has the most chance of getting hot with the biggest payoffs.

The easiest way to win a tournament is to be ahead at each stage of the game. If players make early mistakes while you sit out, you might make the exact same bet as your opponent for the remainder of the action to win.

IE: get ahead stay ahead.

Besides that, there is very little advantage to betting smaller in a tournament. Bold play up front to make a HUGE gap and wait might be the best strategy because there is a huge psychological advantage to having 3x or more chips than the second best opponent. To get this you are going to have to bet differently AND stronger than the others at the table to put that gap between you and everyone else.

Knowing how to win while everyone else loses is key.

If everyone is betting pass with odds, bet the don't pass with lay odds with stronger don't action than the strongest do action.

If players are betting the hardways with small money and doing a parlay, you are going to have a hard time keeping pace with that two-in-a-row hardway when they bring it down starting at anything more than a few bucks. The house edge matters less and less the fewer events there are. Bet bold and slowly. If you get ahead early, keep the action slower by continuing to make bets to slow down the dice.

There's a lot of "tricks" you can do to increase the probability of having the most chips at the end of the game, and I think most of the tricks have to do with knowing what to expect with each outcome of the dice, and trying to be the most probable to come out ahead and pray that nobody gets super lucky with inside action.

As I have seen it, the stupidest best tend to create winners at craps.

I think, even, teams will group together and spread their chips on the inside bets knowing that all of their money is going to consolidate to one of n players with a multiple of n eventually. Then they split the winning n ways after the fact.

It's tough to be a tournament player, and that game has less to do with craps and more to do with techniques for playing tournaments.

This all just opinion, most of which is not based on fact. Just guesses.

I won the $100,000 Crap tournament yesterday (8/11/2021) at the Planet Holllywood Casino. I won 4 rounds getting to the final table. There were 6 of us. We agreeded to chop. Each received close to $13,900. The top winner got $100 more.

My strategy is to play the minimum and see what happens. When there are a few hands left, If you are still ahead, do nothing or do something to get a little ahead. If you are behind, do something to become the chip leader before the 19th hand when they count the chips. At the last hand (20th), do whatever you like to to win this last round. The action depends on your chip size compared to the others, how may players left, and how many players advance to the next round. If I am ahead, I try to match how the 2nd or 3rd player bet. If there are a lot of players with about the same chip size close to you, this doesn't work. If you are lucky, you win and get advanced to the next round.

The toughest round is the 1st round when they only advance the two top players out of 12. The other rounds are much easier when they advance about 1/2 the players. It is not easy to be invited to thes tournaments for free. I am a 7-Star with Caesars, so it is much easier.

I hope someone can tell the best way to exchange the promotional chip (P-chip) back to the regular chips if you win. I had bad luck yesterday and I lost $3000 playing the P-chips. They gave me a lot of $500 chips. They won't exchange them with $100 chips. I wasn't lucky playing BJ or Craps. They won't let a partner of yours playing don't pass while you play the pass line using those P-chips. Next time I may have my partner play the don't pass using cash while I bet the pass line using P-chips. That way they can't say anything.

I was also in the money during the last Crap tournament at the same casino earlier this year. I won $750, but did not get to the last round. so my strategy has been working fine. When the table is cold, 1/2 the players only have 1/2 their initial $1,000 left. When the table is hot, you have to chase them to become chip leader at the 19th hand.

Congrats on the win!

Quote: phxsun2001

I won the $100,000 Crap tournament yesterday (8/11/2021) at the Planet Holllywood Casino.

congratulations!

Quote:

I won 4 rounds getting to the final table. There were 6 of us. We agreeded to chop. Each received close to $13,900. The top winner got $100 more.

I guess the rules allowed you to just stop and split

Quote:

... I hope someone can tell the best way to exchange the promotional chip (P-chip) back to the regular chips if you win.

Wizard's page says,

Quote: https://wizardofodds.com/gambling/promotional-chips/

If restricted to even money bets, then the player will get the most value betting promotional chips in blackjack, at 51.2% of face value, give or take depending on the table rules. If unrestricted, the player should make a long-shot wager, preferably on a single number in roulette.

Quote:

I had bad luck yesterday and I lost $3000 playing the P-chips.

You do know P-chips are worth half face value roughly, so for them to pay off with those means it was actually a $50,000 tournament approx.* Naturally just normal luck feels like bad luck using these chips. If you only lost $3k converting $13,900 of those chips you did very, very well. Maybe you didn't convert all the chips yet. So instead of telling us you lost $3k, what did you lose compared to expectations?

*The problem of course is you only get any winnings and your wagered amount is always taken win or lose.

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

This is a very good question that related to craps tournament.
I won the $100,000 craps tournament a few days ago at Planet Hollywood in Vegas. All six of us chopped $90,000. Each gets about $14,000. They gave us 50% $100 chips and 50%$ 500 chips.
If you don't want to risk, bet pass line at the craps table and have someone bet the don't pass using cash. Your friend cannot using these promotional chip at the same table betting opposite.
You don't have to do it all at one time. I suggest spread them out during the day at differnt shifts.
This process is slow, but you get most of your money back.

You friend can adjust the bet size playing $75 to $125 so it does not look too obvious that you are cashing out promotional chips, especially bet using the $500 chips.
You can also do the same thing at baccarat tables. It goes much faster. The key is to use cash betting opposite.

We won another tournament this year, we chopped and received about $36,000 P-chips. We played most of them at video poker machines- Jack or better (5-9 machines) and got most of the money back. We were lucky hitting a few 4 of a kinds.

You won't have this problem until you win a big tournament. See you at the table.

Quote: odiousgambit

... If you only lost $3k converting $13,900 of those chips you did very, very well. Maybe you didn't convert all the chips yet. So instead of telling us you lost $3k, what did you lose compared to expectations?

Are you unable to answer this question?

Quote: phxsun2001

I won the $100,000 craps tournament a few days ago at Planet Hollywood in Vegas. All six of us chopped $90,000. Each gets about $14,000. They gave us 50% $100 chips and 50%$ 500 chips.

So they gave you 25 $500 chips totaling $12,500, and 25 $100 chips totaling $2,500? Looks like they want a $500 minimum bet out of you.
I'd probably bet $200 minimum and run a progression on a series of wins (like the come-out 7-11) and use a $500 chip whenever the progression got to $500+. I'd have to reuse won chips that aren't p-chips while waiting for my progressions to materialize.

Thanks for sending the link on how to exchange Promotional chips. Now I know what kind of chips I received.

They are are special Non-Negotiable (NN) Chips that I received. When you bet $100 chip and win, they give you a regular casino $100 chip and don't remove your NN-chip. They only remove you original NN chip when you loose your hand.
I just had a bad run playing BJ. I am a card counter playing the 2 deck game. Normally I would breakeven.

All six of us at the final table got together before the final tournament and had a verbal agreement to chop. We then play the best we could (with much less pressure) and finish the tournament. We all received the paperwork and went the the cashier together to get our chips. We verifyed the chips from each player based on the ranking and then chopped.

We received 50% 100 chips and 50% $500 chips. They would not give us more $100 chips. We can also requests coupons to play slot or vedio poker machines. One player wanted coupons.

We were told that there will be another craps tournament in November at Planet Hollywood.
See you at the table.

They are are special Non-Negotiable (NN) Chips that I received, not Promotional chips. My bad. When you bet $100 chip and win, they give you a regular casino $100 chip and don't remove your NN-chip. They only remove you original NN chip when you loose your hand.
I just had a bad run playing BJ. I am a card counter playing the 2 deck game. Normally I would breakeven.

This is my plan to cash out the NN chips from now on, if we win again. They don't allow my wife to play the Bank while I bet the Player using NN chips. So I can have her play the opposite using CASH at Baccrate or crap table (Pass/Don't pass). They can't say anything because she is using cash.
It would be real obvious we are cashing NN chips, if I am betting $1,000 with cash while she is betting a $1,000 NN chip.
Early this year when my wife won tanother tournament, she received about ten -$1,000 chips + twenty - $500 chips and the rest $100 chips. Total about $36,000 from a 3-way chop at the final table.
My hands were shaking playing the $1,000 chips. We broke even cashing the NN chips. We were lucky.

It is not easy to get invited to these "Invitation Only " tournaments. You have to established that you are a player and show that you are gambling during the 2 to 3 days of tournament; otherwise, you don't get invited again. I usually play about 1,000 to 1,500 tier credit during the tournament at video poker nachines that returns over 96%. Jack or better 5-9 machines.

That wouldn't change my mind about using my $200+ progression that can go up to $2,000.

That's a good start. Your strategy depends on how many players advance to the next round and if you are ahead or behind the chip leaders. If there are only twenty throws, you may have to make a move at the 15 throw. You want to be the chip leader or buzzed out heading to the final throw. Keep track of the chips of the chip lead and the chasers. You need to know roughly where you stand before making a major move at the 15 throw. How to bet depends on how far back you are, if you are chasing the chip leader.
I won the $100,000 crap tournament at the Planet Hollywood three months ago.

If you play video poker anyways why wouldn't you just take the free play instead of the chips?