JoeTheDragon
JoeTheDragon
Joined: Mar 6, 2010
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March 5th, 2019 at 9:22:28 PM permalink
limited time as X rounds/points/shots? Like blackjack toruneys?
JoeTheDragon
JoeTheDragon
Joined: Mar 6, 2010
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March 5th, 2019 at 9:25:23 PM permalink
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?
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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March 6th, 2019 at 12:24:37 AM permalink
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?
Chigu
Chigu
Joined: Feb 13, 2019
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March 6th, 2019 at 7:20:37 AM permalink
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.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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March 6th, 2019 at 8:04:02 AM permalink
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.
All animals are equal, but some are more equal than others
Ahigh
Ahigh
Joined: May 19, 2010
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March 14th, 2019 at 3:24:01 AM permalink
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.
phxsun2001
phxsun2001
Joined: Jan 24, 2015
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Thanks for this post from:
gordonm888
August 12th, 2021 at 6:35:43 PM permalink
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.
Mission146
Mission146 
Joined: May 15, 2012
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August 12th, 2021 at 6:50:55 PM permalink
Congrats on the win!
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
odiousgambit
odiousgambit
Joined: Nov 9, 2009
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August 13th, 2021 at 4:14:29 AM permalink
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
phxsun2001
phxsun2001
Joined: Jan 24, 2015
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August 14th, 2021 at 10:23:55 AM permalink
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.

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