100xOdds
100xOdds
Joined: Feb 5, 2012
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December 28th, 2021 at 5:58:12 AM permalink
Quote: AlanMendelson

A friend went to the Riviera when they offered 1000X odds.
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wait.. what?!
what years was this?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
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December 28th, 2021 at 10:02:12 AM permalink
Quote: 100xOdds

Quote: AlanMendelson

A friend went to the Riviera when they offered 1000X odds.
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wait.. what?!
what years was this?
link to original post



It was shortly before the Riv closed. The one thousand times odds didnt last long.

I'm going to try to Google it.

Edited to add: here it is from April 2012

http://digital.casinoplayer.com/articles/riviera-offers-1-000x-odds-on-craps
TDVegas
TDVegas
Joined: Oct 30, 2018
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December 28th, 2021 at 10:21:41 AM permalink
Quote: AlanMendelson

I just played $10 of free play on 6/5 5-cents per coin Bonus poker. I cashed out $9.

I went to the craps pit to pick up a $15 food comp.

While I was there a player bought in for $60,000 betting $1,000 flat with $10,000 odds.

Before the boxman could write up my $15 comp he had busted out.

Red Rock.

I'm nauseous.
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If the table is cold, not hard to do.
billryan
billryan 
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December 28th, 2021 at 10:53:33 AM permalink
While not anywhere near that scale, this reminds of an event I ran into at the EC, circa 2010 or so.
I'm playing low-stakes BJ and a gentleman joins us. The clothes he has on are straight out of the 70s and he tells us it is his 85th birthday. We play for about a half-hour and his wife and daughter come by. They too are wearing clothes that went out of fashion a long time ago. The daughter asks if her father can get a comp for the steakhouse since it is his birthday. The pitt says no, that he is nowhere near getting a comp for three to the steakhouse. There are three of us at the table so the woman takes out two hundred dollar bills and puts a black chip in the two empty squares. She loses and repeats the action. In about a minute she made eight $100 bets and she lost them all. She asks for a comp and the pitt boss tells her to keep betting like that for another hour or two and she'll get her free dinner. I felt bad, but the way she tossed around $100 bills made me wonder how much money she had. I do know her desire for a freebie cost her $800.
The difference between fiction and reality is that fiction is supposed to make sense.
kewlj
kewlj
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December 28th, 2021 at 11:17:28 AM permalink
Quote: AlanMendelson

[

Kewlj never in my life did I play those kind of limits. My biggest buy in at a craps game was $2,000.



Alan, I am surprised! I am surprised that after hitting one of those 100k royals, you didn't march straight over to your favorite game, craps and bet some higher than normal limits.

I may have to re-think my opinion of you as just another gambler. LOL.
AlanMendelson
AlanMendelson
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December 28th, 2021 at 11:24:36 AM permalink
Quote: kewlj

Quote: AlanMendelson

[

Kewlj never in my life did I play those kind of limits. My biggest buy in at a craps game was $2,000.



Alan, I am surprised! I am surprised that after hitting one of those 100k royals, you didn't march straight over to your favorite game, craps and bet some higher than normal limits.

I may have to re-think my opinion of you as just another gambler. LOL.
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When I hit those three $100k royals I took home one check for $90k and two checks for $100k.

As they (used to) say (before Covid) we will be here when you come back.
MrV
MrV
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December 28th, 2021 at 11:34:19 AM permalink
Quote: AlanMendelson

I was thinking this player had the worst luck I ever saw. $1,000 bets with full odds and no house advantage on the odds and he never rolled one repeater. BUT had he made place bets of $5,000 each (the max at Red Rock) he would have almost doubled his money.



Are you saying he'd have won had he made place bets such a placing six and eight only, or perhaps betting inside on 5, 6. 8 and 9, or maybe across on 4, 5. 6, 8, 9 and 10?

Not sure I understand what numbers you think he should have placed; certainly not the point number(s)?

Whatever, luck happens and sometimes with a sudden turn of great luck resulting in a big win the gambler's resulting feeling of elation / joy/ surprise can rival that of a hand pay.

Hell, isn't that a big reason why we play craps?
"What, me worry?"
Wiggins
Wiggins 
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December 28th, 2021 at 12:31:47 PM permalink
Quote: MrV

Are you saying he'd have won had he made place bets such a placing six and eight only, or perhaps betting inside on 5, 6. 8 and 9, or maybe across on 4, 5. 6, 8, 9 and 10?

Not sure I understand what numbers you think he should have placed; certainly not the point number(s)?]



He should have simply used his crystal ball to place the numbers that would have rolled and then taken them down after each one hit (no repeaters occurred). It's the only way the story makes sense.
FinsRule
FinsRule
Joined: Dec 23, 2009
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December 28th, 2021 at 12:34:56 PM permalink
People I donít know losing a lot of money doesnít affect me at all. Does anyone here actually feel bad if they saw someone lose 60k like that?
AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
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December 28th, 2021 at 12:35:25 PM permalink
Quote: MrV

Quote: AlanMendelson

I was thinking this player had the worst luck I ever saw. $1,000 bets with full odds and no house advantage on the odds and he never rolled one repeater. BUT had he made place bets of $5,000 each (the max at Red Rock) he would have almost doubled his money.



Are you saying he'd have won had he made place bets such a placing six and eight only, or perhaps betting inside on 5, 6. 8 and 9, or maybe across on 4, 5. 6, 8, 9 and 10?

Not sure I understand what numbers you think he should have placed; certainly not the point number(s)?

Whatever, luck happens and sometimes with a sudden turn of great luck resulting in a big win the gambler's resulting feeling of elation / joy/ surprise can rival that of a hand pay.

Hell, isn't that a big reason why we play craps?
link to original post



In order to win come bets with odds you have to hit the same number twice.

He hit five numbers once but failed to hit each of those numbers a second time.

Here's the math of the payoffs on the five $5,000 place bets:

4 pays $10,000 less 5% = $9500
5 pays $7500
6 pays $4998 X 7/6 = $5831
8 was the point
9 pays $7500
10 pays $10,000 less 5% = $9500

Total wins = $47310 plus return of each place bet if he took it down which would have been $24998

Grand total $47310 + $24998 = $72308

Why take the place bets down? Because it's the equivalent of a come bet that comes down after it hits.

Even losing the passline bet with odds he still would have had a profit.

On the other hand had he rolled five repeaters he would have won more money, but he rolled no repeaters.

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