Ending a Craps Session

With its many choices of wagers and styles of play, Craps requires the serious player to base his walkaway decisions on criteria that can be complex. The commonplace rule of three or four consecutive losses at binary games such as Baccarat or Blackjack does not easily apply to Craps. When you decide to color out, what are your decision criteria? Tell us how you selected those criteria.

Quote: pwcrabb

With its many choices of wagers and styles of play, Craps requires the serious player

LOL
there are no 'serious' craps players, just those that want to win all the time... imo

Quote: pwcrabb

to base his walkaway decisions on criteria that can be complex.

LOL. 'complex' is a relative phrase, so define 'complex'

Quote: pwcrabb

The commonplace rule of three or four consecutive losses at binary games such as Baccarat or Blackjack does not easily apply to Craps.

LOL commonplace rule does not exist except for the 'losers' that gamble at casinos, imo.

you have actually worked in a real casino as a Dealer for at least 1 year at 8 hours each and every day?
IF, yes, then you are 'one of those' type Dealers
if no,
sharing your valuable opinion to the public HERE
gets 'two thumbs up'

Quote: pwcrabb

When you decide to color out, what are your decision criteria?

I have LOST enough for now, (until I die of course) Bathroom break, time to eat and time to sleep.

Quote: pwcrabb

With its many choices of wagers and styles of play, Craps requires the serious player to base his walkaway decisions on criteria that can be complex. The commonplace rule of three or four consecutive losses at binary games such as Baccarat or Blackjack does not easily apply to Craps. When you decide to color out, what are your decision criteria? Tell us how you selected those criteria.

I leave when either my moneys gone, or I have to pee

Quote: pwcrabb

With its many choices of wagers and styles of play, Craps requires the serious player to base his walkaway decisions on criteria that can be complex. The commonplace rule of three or four consecutive losses at binary games such as Baccarat or Blackjack does not easily apply to Craps. When you decide to color out, what are your decision criteria? Tell us how you selected those criteria.

wtf is a "serious" craps player?

I typically leave when either I or the waitress decides I shouldn't have another drink.

Quote: michael99000

, or I have to pee

What do you think those half-empty plastic cups of beer that are left on the drink ledge really contain?

I leave mostly when I hit 0. On the rare occasion that I win it is always 2 bad shooters after a big roll so yeah mostly it is when I am broke.

A few decades ago, a whale from Australia named Kerry Packer would remain standing while briefly testing his luck at Blackjack. Only if his test were successful would he bother to sit down for serious play. Of course he was aware that luck can change and that past events generally are irrelevant. However, he also was aware that favorable and unfavorable events are not homogeneously distributed across time. Rather, they can display a spectacular propensity to form short-term clusters. If Packer's brief test revealed an unfavorable cluster then he walked. His gambling reputation is reviewable via search engine.

An analogous test can guide a walkaway decision in Craps. Rather than relying upon penury, caprice, or inebriation for guidance, one may employ a personal benchmark. At any moment, for example after a painful Seven-Out, a Pass and Come player could test the waters with a brief unbroken series of flat bets. A negative ratio of (3:1) is sufficiently dramatic to induce walkaway. The probability of losing six flat bets in 12 or fewer games of Pass and Come is less than 6 percent. The probability of losing eight flat bets in 16 or fewer games of Pass and Come is less than 3.2 percent. The probability of losing ten flat bets in 20 or fewer games of Pass and Come is less than 1.7 percent. Binomial distributions are useful tools.

For Bright Side players, losses of Odds and Place bets generate the bulk of the pain. Those bets may be suspended during the walkaway test. Negative results usually involve a recent oversupply of Big Red, which is 100% bad for those bets but only 70% bad for Pass and Come.

If I win 6 pass line bets in a row, I've won a session.
A casino noticed that and doubled their match play offer to a $20 bet.

If I’ve lost my buyin and don’t want to rebuy, I leave. If I need to use the bathroom, I’ll leave (I don’t leave chips at the craps table, even with a towel or other covering). If it’s not fun anymore for any reason (usually too crowded or someone being too annoying), I’ll leave. If I’ve been doing ok and I start to think about leaving but I’m on the fence and the dice are nearby (1 or 2 shooters away), I’ll stay until I get to roll and 7 out.

I have a 1 hour drive to my nearest Casino. I usually walk in with $400 and set a lose $300 or 3 hours which ever comes first rule.

Seems like a bunch of you got some major bladder problems... Oh then again I wasn't drinking. heh that explains it.

Reasons I may quit a craps session:
I lose my session BR.
The table is no longer fun.
I'm tired or hungry.
I'm up a substantial amount and a good roll has just sevened-out.
I have somewhere else to be. Sometimes I will start my session knowing I have to be somewhere else at a specific time. This essentially gives me a pre-set time limit for my session.