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MrV
MrV
Joined: Feb 13, 2010
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April 21st, 2021 at 5:09:54 PM permalink
Why do craps tables still seem to offer the big six and big eight bet on their layout?

What kind of idiot would make an even money bet on six and / or eight when the number can be placed, and thereby give a better than even money payoff when it hits?

Must be a lot of idiots playing craps.
"What, me worry?"
DRich
DRich
Joined: Jul 6, 2012
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April 21st, 2021 at 7:37:20 PM permalink
Quote: MrV



Must be a lot of idiots playing craps.



I would say a lot of uninformed players not necessarily idiots.
Living longer does not always infer +EV
DeMango
DeMango
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April 21st, 2021 at 9:15:08 PM permalink
Quote: Ace2

Letís say someone places the 9 for $23. Would the dealer payout winnings of $20 * 7/5 + $3 = $31 or would he calculate $23 * 7/5 = $32.30, rounded down is $32? Or maybe a stingy place would just payout $20 * 7/5 = $28?

Your answer in Mississippi is $33. $23*1.5 rounded down from $34.50 to $34, then less $1 vig.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
Ace2
Ace2
Joined: Oct 2, 2017
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April 22nd, 2021 at 6:59:24 AM permalink
Quote: DeMango

Your answer in Mississippi is $33. $23*1.5 rounded down from $34.50 to $34, then less $1 vig.

Are you sure ? $33/$23 is better than 7/5. Why would they multiply by 1.5 instead of 1.4?
Itís all about making that GTA
wilbsmitt
wilbsmitt
Joined: Mar 16, 2015
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April 22nd, 2021 at 8:19:39 AM permalink
Quote: Ace2

Are you sure ? $33/$23 is better than 7/5. Why would they multiply by 1.5 instead of 1.4?



DeMango didn't answer your question. He's describing a buy bet on the 9, not a place bet on the 9.
DeMango
DeMango
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April 22nd, 2021 at 8:24:27 AM permalink
Quote: Ace2

Are you sure ? $33/$23 is better than 7/5. Why would they multiply by 1.5 instead of 1.4?


Because MS is an automatic buy, unlike the Neanderthals in Vegas
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
DeMango
DeMango
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April 22nd, 2021 at 8:28:52 AM permalink
Quote: wilbsmitt

DeMango didn't answer your question. He's describing a buy bet on the 9, not a place bet on the 9.


Well, if you are at certain Evil Empire establishments it goes either way. $25 nine pays $35. $24 nine pays $35! Go figure. There is one casino down here where you cannot buy the 5/9 for less than $50, idiots. Anyway you can insist on lower payouts, but why would you?
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
Ace2
Ace2
Joined: Oct 2, 2017
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April 22nd, 2021 at 8:44:54 AM permalink
Quote: DeMango

Your answer in Mississippi is $33. $23*1.5 rounded down from $34.50 to $34, then less $1 vig.

That conversion to a buy bet is a better deal for the bettor only if the commission is charged on win only (very rare for 5/9 I think) or if the commission is less than 4%. Are you saying that in MS they wonít charge $2 unless the bet is $40 (5%) ?

Incidentally, this is all just out of curiosity. I would never make a place or buy bet due to the high house edge. I only bet pass/DP/come/DC with full odds
Itís all about making that GTA
DeMango
DeMango
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April 22nd, 2021 at 3:09:06 PM permalink
I donít know the exact breakage, but $36 might be it. At any rate MS is vig on win except for extreme buys at crapless except for Tunica extremes! Stupak rolling in his grave at the last exception!
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
DeMango
DeMango
Joined: Feb 2, 2010
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April 22nd, 2021 at 3:12:25 PM permalink
FWIW: The bought 12 in Tunica is way under 1%. A $35 twelve pays $209!
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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