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pwcrabb
pwcrabb
Joined: May 15, 2010
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June 29th, 2019 at 4:50:31 PM permalink
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 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)
7craps
7craps
Joined: Jan 23, 2010
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Thanks for this post from:
DeMango
June 29th, 2019 at 5:46:55 PM permalink
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.
winsome johnny (not Win some johnny)
michael99000
michael99000
Joined: Jul 10, 2010
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Thanks for this post from:
TumblingBones
June 29th, 2019 at 7:05:05 PM permalink
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
sabre
sabre
Joined: Aug 16, 2010
  • Threads: 2
  • Posts: 1172
June 29th, 2019 at 7:53:26 PM permalink
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.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
  • Threads: 265
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June 29th, 2019 at 7:53:44 PM permalink
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?
GWAE
GWAE
Joined: Sep 20, 2013
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June 30th, 2019 at 2:59:28 AM permalink
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.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
pwcrabb
pwcrabb
Joined: May 15, 2010
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July 3rd, 2019 at 5:00:41 PM permalink
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.
Last edited by: pwcrabb on Jul 3, 2019
"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)
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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July 3rd, 2019 at 6:49:45 PM permalink
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.
TinMan
TinMan
Joined: Nov 17, 2009
  • Threads: 17
  • Posts: 248
July 4th, 2019 at 10:52:19 AM permalink
If Iíve lost my buyin and donít want to rebuy, I leave. If I need to use the bathroom, Iíll leave (I donít leave chips at the craps table, even with a towel or other covering). If itís not fun anymore for any reason (usually too crowded or someone being too annoying), Iíll leave. If Iíve been doing ok and I start to think about leaving but Iím on the fence and the dice are nearby (1 or 2 shooters away), Iíll stay until I get to roll and 7 out.
If anyone gives you 10,000 to 1 on anything, you take it. If John Mellencamp ever wins an Oscar, I am going to be a very rich dude.
PachucoBro
PachucoBro
Joined: Sep 18, 2018
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July 8th, 2019 at 8:23:39 AM permalink
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.

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