Chapz
Chapz
Joined: Feb 26, 2020
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September 17th, 2021 at 10:41:01 AM permalink
Which is the better bet?

a) $18 place bet on 6 and $18 place bet on 8
b) $36 place bet on 6 (or 8)
DJTeddyBear
DJTeddyBear
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Chapz
September 17th, 2021 at 10:50:57 AM permalink
Define ‘better’.

Two single bets reduces variance.

One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
ChallengedMilly
ChallengedMilly
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September 19th, 2021 at 2:38:56 PM permalink
One big bet if your goal is to make large amounts of money, spread is better for small amounts of money. You're probably better with the 1 large bet and take it down after 5 or so rolls than the two bets take down method.
AlanMendelson
AlanMendelson
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September 19th, 2021 at 4:57:09 PM permalink
Quote: DJTeddyBear

Define ‘better’.

Two single bets reduces variance.

One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.

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    Perfect answer.
    Chapz
    Chapz
    Joined: Feb 26, 2020
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    September 19th, 2021 at 7:14:38 PM permalink
    Quote: DJTeddyBear

    Define ‘better’.

    Two single bets reduces variance.

    One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.

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    How about which is better (profit) after 1,000 or 10,000 rolls?
    AlanMendelson
    AlanMendelson
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    DeMangopwcrabb
    September 19th, 2021 at 10:44:25 PM permalink
    Quote: Chapz

    Quote: DJTeddyBear

    Define ‘better’.

    Two single bets reduces variance.

    One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.

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    How about which is better (profit) after 1,000 or 10,000 rolls?
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    After 1,000 or 10,000 rolls you will lose money. The house has an edge on every bet.
    Chapz
    Chapz
    Joined: Feb 26, 2020
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    September 19th, 2021 at 10:58:18 PM permalink
    Quote: AlanMendelson

    Quote: Chapz

    Quote: DJTeddyBear

    Define ‘better’.

    Two single bets reduces variance.

    One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.

  • link to original post



    How about which is better (profit) after 1,000 or 10,000 rolls?
  • link to original post



    After 1,000 or 10,000 rolls you will lose money. The house has an edge on every bet.
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    Assume we have a bankroll to survive 10,000 rolls, which would ruin faster?
    AlanMendelson
    AlanMendelson
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    September 20th, 2021 at 2:01:23 AM permalink
    Quote: Chapz

    Quote: AlanMendelson

    Quote: Chapz

    Quote: DJTeddyBear

    Define ‘better’.

    Two single bets reduces variance.

    One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.

  • link to original post



    How about which is better (profit) after 1,000 or 10,000 rolls?
  • link to original post



    After 1,000 or 10,000 rolls you will lose money. The house has an edge on every bet.
  • link to original post



    Assume we have a bankroll to survive 10,000 rolls, which would ruin faster?
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    I'm going to guess betting only on one number will lose faster.
    DeMango
    DeMango
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    September 20th, 2021 at 5:38:50 AM permalink
    Should make no difference
    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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