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Ace2
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May 12th, 2022 at 10:31:45 AM permalink
Quote: Dieter

Quote: Ace2

Some players might want to seek out even higher odds than 3/4/5 like 10x or even 100x. I don't because the higher odds are always at remote and/or low-end casinos, and also because it's not that much of an absolute difference.
link to original post



Some of the most enjoyable gambling I've done has been at remote low-end casinos. I understand some of them have raised table minimums to $5 in response to the recent public health concerns.

I understand if your personal aesthetic demands a more upscale experience, but watching someone sweat when they've got $20 on the felt after splits and doubles is good entertainment.
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I'm not a snob at all. But almost every time I've visited an off-strip casino (mesquite, laughlin, reservation casino) it's been a horror show. The facility might be fine but a clientele that makes walmart seem upscale. Oxygen tanks and walkers common
It’s all about making that GTA
Dieter
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May 12th, 2022 at 10:32:57 AM permalink
Quote: Ace2

Quote: Dieter

Quote: Ace2

Some players might want to seek out even higher odds than 3/4/5 like 10x or even 100x. I don't because the higher odds are always at remote and/or low-end casinos, and also because it's not that much of an absolute difference.
link to original post



Some of the most enjoyable gambling I've done has been at remote low-end casinos. I understand some of them have raised table minimums to $5 in response to the recent public health concerns.

I understand if your personal aesthetic demands a more upscale experience, but watching someone sweat when they've got $20 on the felt after splits and doubles is good entertainment.
link to original post

I'm not a snob at all. But almost every time I've visited an off-strip casino (downtown vegas, laughlin, reservation casino) it's been a horror show. The facility might be fine but a crowd that makes walmart seem posh
link to original post



Them's my folks. ;)
May the cards fall in your favor.
tuttigym
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May 12th, 2022 at 10:37:52 AM permalink
Quote: Ace2

Quote: ChumpChange

I'm trying to limit my 2+ hours sessions to losing 15 line + odds bets, or winning 15 line + odds bets. But if Hot Shooters make their way to the bubble machine, I could see a 45 line + odds win.
I'm also making PB's based on a split of the winning Come + odds bet ($6 Come + $6 odds wins then I bet $6 on each of two PB's, total of 4 PB's from two Come + odds wins). Then I run a progression on each PB. A super Hot Shooter could come close to maxing out a few PB bets for me on my progression (9 in a row). I'm also running a 9 in a row progression on the PL, but not the odds.
I'll raise the PL/Come + odds bets when I pass certain win goals.
I'll probably call it a won session when I'm up 105 line + odds bets.
I see structuring TITOs in my future.
link to original post

This all above my level of comprehension
link to original post


Well 4th grade arithmetic can be confusing and mind boggling.

tuttigym
Ace2
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May 12th, 2022 at 10:44:29 AM permalink
Quote: AlanMendelson



But what about the downside?

What if the House keeps winning because the House has an edge on every flat bet?

This is why I don't know if the casinos break even on the odds but actually turn a profit on the odds.

I cant imagine the bean counters allowing a true break even bet.
link to original post

Odds is a zero edge bet. Over the long term no one wins or loses anything.

During our last discussion of odds bets, one of our esteemed members actually asked why anyone would want to make a zero-edge bet! Claimed free odds bets are some sort of devious marketing scheme.

After all, odds bets are just a wash in the long term. He probably refuses to make any bet with a house edge under 15%...what fun would that be?
It’s all about making that GTA
lilredrooster
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May 12th, 2022 at 12:46:38 PM permalink
Quote: AlanMendelson



I originally asked if the House breaks even? I don't know. I don't see the books.

Does the House break even???

link to original post




Alan, never mind the math

doesn't logic tell us that the house does not do well on this bet (odds) and that is why they limit the size of it__________?????

if they were making money on it wouldn't the size of the bet be unrestricted (except by the table maximums)____________??????


.
Please don't feed the trolls
AlanMendelson
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May 12th, 2022 at 2:45:09 PM permalink
I don't know if odds is a wash for the players or the casinos.

Frankly I've been playing craps for 30+ years and if the odds were a wash why have I lost so much?

I know the odds are paid a true math amount.

But each time I bet the odds the casino is still more likely to win.

Why is my experience different from the math?

Or, perhaps the casino is winning much more often EVEN THOUGH when I win I'm getting paid true odds?

I suspect that the problem is theoretical vs real world.

Theoretical it should be a wash. But real world I don't win on the 6 five out of six times... I win fewer.
Ace2
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May 12th, 2022 at 3:07:25 PM permalink
Quote: AlanMendelson



Frankly I've been playing craps for 30+ years and if the odds were a wash why have I lost so much?

You're mixing your odds bets with your high-edge bets.

After 30 years of regular play, the net result of your odds bets will be very close to zero
It’s all about making that GTA
unJon
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May 12th, 2022 at 3:13:48 PM permalink
Quote: AlanMendelson

I don't know if odds is a wash for the players or the casinos.

Frankly I've been playing craps for 30+ years and if the odds were a wash why have I lost so much?

I know the odds are paid a true math amount.

But each time I bet the odds the casino is still more likely to win.

Why is my experience different from the math?

Or, perhaps the casino is winning much more often EVEN THOUGH when I win I'm getting paid true odds?

I suspect that the problem is theoretical vs real world.

Theoretical it should be a wash. But real world I don't win on the 6 five out of six times... I win fewer.
link to original post



Bold added.

5 times out of 11. Not 5 times out of 6.

5 times out of 11 making that point on six or eight makes your 6:5 odds bet a wash.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
Ace2
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May 12th, 2022 at 3:31:14 PM permalink
Alan M:

Playing the dark side and laying odds will resolve your dilemma. With a point of 4/10 you win your odds bet 67% of the time, 5/9 60% of the time, 6/8 55% of the time.

No matter what the point is, you will win more odds bets than the casino over the long run. And that makes YOU a math-savvy winner!
It’s all about making that GTA
billryan
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May 12th, 2022 at 3:40:07 PM permalink
I've seen players at the El Cortez literally double or triple their life savings. You'll rarely see that at the Bellagio.
The difference between fiction and reality is that fiction is supposed to make sense.
AlanMendelson
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May 12th, 2022 at 4:31:42 PM permalink
Quote: Ace2

Quote: AlanMendelson



Frankly I've been playing craps for 30+ years and if the odds were a wash why have I lost so much?

You're mixing your odds bets with your high-edge bets.

After 30 years of regular play, the net result of your odds bets will be very close to zero
link to original post



What high edge bets? I dont bet hops or hardways... heck... I dont even bet the yo after I saw it rolled 17 times.

I bet inside numbers.

I'm still trying to figure out why I'm losing so much if I'm supposed to win 1/3 on the 4 and 10, 2/3 on the 5 and 9, and 5/6 on the 6 and 8.
unJon
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May 12th, 2022 at 4:59:00 PM permalink
Quote: AlanMendelson

Quote: Ace2

Quote: AlanMendelson



Frankly I've been playing craps for 30+ years and if the odds were a wash why have I lost so much?

You're mixing your odds bets with your high-edge bets.

After 30 years of regular play, the net result of your odds bets will be very close to zero
link to original post



What high edge bets? I dont bet hops or hardways... heck... I dont even bet the yo after I saw it rolled 17 times.

I bet inside numbers.

I'm still trying to figure out why I'm losing so much if I'm supposed to win 1/3 on the 4 and 10, 2/3 on the 5 and 9, and 5/6 on the 6 and 8.
link to original post



Math wrong again!

1/3 on 4/10
2/5 on 5/9
5/11 on 6/8
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
AlanMendelson
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May 12th, 2022 at 5:08:10 PM permalink
Quote: unJon

Quote: AlanMendelson

Quote: Ace2

Quote: AlanMendelson



Frankly I've been playing craps for 30+ years and if the odds were a wash why have I lost so much?

You're mixing your odds bets with your high-edge bets.

After 30 years of regular play, the net result of your odds bets will be very close to zero
link to original post



What high edge bets? I dont bet hops or hardways... heck... I dont even bet the yo after I saw it rolled 17 times.

I bet inside numbers.

I'm still trying to figure out why I'm losing so much if I'm supposed to win 1/3 on the 4 and 10, 2/3 on the 5 and 9, and 5/6 on the 6 and 8.
link to original post



Math wrong again!

1/3 on 4/10
2/5 on 5/9
5/11 on 6/8
link to original post



Unjon I'm afraid you're confusing true odds with payouts on the place numbers. Frankly I think you have a concoction of numbers thrown together here.

I suggest you Google true odds on points in craps.

Edited to add:

I'll do it for you:

https://www.onlinegambling.com/casino/craps/pay-outs/#craps-table-payout
unJon
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May 12th, 2022 at 6:24:25 PM permalink
Quote: AlanMendelson

Quote: unJon

Quote: AlanMendelson

Quote: Ace2

Quote: AlanMendelson



Frankly I've been playing craps for 30+ years and if the odds were a wash why have I lost so much?

You're mixing your odds bets with your high-edge bets.

After 30 years of regular play, the net result of your odds bets will be very close to zero
link to original post



What high edge bets? I dont bet hops or hardways... heck... I dont even bet the yo after I saw it rolled 17 times.

I bet inside numbers.

I'm still trying to figure out why I'm losing so much if I'm supposed to win 1/3 on the 4 and 10, 2/3 on the 5 and 9, and 5/6 on the 6 and 8.
link to original post



Math wrong again!

1/3 on 4/10
2/5 on 5/9
5/11 on 6/8
link to original post



Unjon I'm afraid you're confusing true odds with payouts on the place numbers. Frankly I think you have a concoction of numbers thrown together here.

I suggest you Google true odds on points in craps.

Edited to add:

I'll do it for you:

https://www.onlinegambling.com/casino/craps/pay-outs/#craps-table-payout
link to original post



Alan,

It has nothing to do with odds.

If the point is 4 or 10, you will win the point 1/3 times and 7 out 2/3 times.

If the point 5 or 9, you will win the point 2/5 times and 7 out 3/5 times.

If the point is 6 or 8, you will win the point 5/11 times, and 7 out 6/11 of the time.

These are basic craps facts. Not controversial. Do you agree with them?
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
Ace2
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May 12th, 2022 at 6:30:39 PM permalink
Quote: AlanMendelson


I'm still trying to figure out why I'm losing so much if I'm supposed to win 1/3 on the 4 and 10, 2/3 on the 5 and 9, and 5/6 on the 6 and 8.

Wrong. For the 4/10 you have 1 in 3 chance of winning, payout 2 to 1 or 3 for 1. For the 5/9 you have 2 in 5 chance of winning, payout 3 to 2 or 5 for 2. For the 6/8 you have 5 in 11 chance of winning, payout 6 to 5 or 11 for 5.

This is very basic
It’s all about making that GTA
AlanMendelson
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May 12th, 2022 at 7:03:16 PM permalink
Gosh, I must be playing a different game.

When I bet $25 flat bets...

On the 4 and 10 I have $75 odds.
When it wins I'm paid $25 + $150

On the 5 and 9 I have $100 odds
When it wins I'm paid $25 + $150

On the 6 and 8 I have $125 odds
When it wins I'm paid $25 + $150

I've never played in a casino where I was promised to win anything... including the free odds.
unJon
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May 12th, 2022 at 7:13:47 PM permalink
Quote: AlanMendelson

Gosh, I must be playing a different game.

When I bet $25 flat bets...

On the 4 and 10 I have $75 odds.
When it wins I'm paid $25 + $150

On the 5 and 9 I have $100 odds
When it wins I'm paid $25 + $150

On the 6 and 8 I have $125 odds
When it wins I'm paid $25 + $150

I've never played in a casino where I was promised to win anything... including the free odds.
link to original post

are your being serious or trolling? You said this was not about odds, but probability of winning. I can’t even figure out what you are talking about.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
AlanMendelson
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May 12th, 2022 at 7:24:46 PM permalink
Quote: unJon

Quote: AlanMendelson

Gosh, I must be playing a different game.

When I bet $25 flat bets...

On the 4 and 10 I have $75 odds.
When it wins I'm paid $25 + $150

On the 5 and 9 I have $100 odds
When it wins I'm paid $25 + $150

On the 6 and 8 I have $125 odds
When it wins I'm paid $25 + $150

I've never played in a casino where I was promised to win anything... including the free odds.
link to original post

are your being serious or trolling? You said this was not about odds, but probability of winning. I can’t even figure out what you are talking about.
link to original post



To be honest I dont know what the hell we're talking about anymore!
Dieter
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May 12th, 2022 at 7:49:40 PM permalink
Quote: AlanMendelson

Gosh, I must be playing a different game.

When I bet $25 flat bets...

On the 4 and 10 I have $75 odds.
When it wins I'm paid $25 + $150

On the 5 and 9 I have $100 odds
When it wins I'm paid $25 + $150

On the 6 and 8 I have $125 odds
When it wins I'm paid $25 + $150

I've never played in a casino where I was promised to win anything... including the free odds.
link to original post



$150:$75 = 2:1
$150:$100 = 3:2
$150:$125 = 6:5

I think it lines up, but I won't get out of sorts if someone corrects me.
May the cards fall in your favor.
AlanMendelson
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May 12th, 2022 at 8:37:17 PM permalink
Quote: Dieter

Quote: AlanMendelson

Gosh, I must be playing a different game.

When I bet $25 flat bets...

On the 4 and 10 I have $75 odds.
When it wins I'm paid $25 + $150

On the 5 and 9 I have $100 odds
When it wins I'm paid $25 + $150

On the 6 and 8 I have $125 odds
When it wins I'm paid $25 + $150

I've never played in a casino where I was promised to win anything... including the free odds.
link to original post



$150:$75 = 2:1
$150:$100 = 3:2
$150:$125 = 6:5

I think it lines up, but I won't get out of sorts if someone corrects me.
link to original post



Looks good to me. But I'm wrong about math.
Ace2
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May 12th, 2022 at 9:25:41 PM permalink
Quote: AlanMendelson

Quote: Dieter

Quote: AlanMendelson

Gosh, I must be playing a different game.

When I bet $25 flat bets...

On the 4 and 10 I have $75 odds.
When it wins I'm paid $25 + $150

On the 5 and 9 I have $100 odds
When it wins I'm paid $25 + $150

On the 6 and 8 I have $125 odds
When it wins I'm paid $25 + $150

I've never played in a casino where I was promised to win anything... including the free odds.
link to original post



$150:$75 = 2:1
$150:$100 = 3:2
$150:$125 = 6:5

I think it lines up, but I won't get out of sorts if someone corrects me.
link to original post



Looks good to me. But I'm wrong about math.
link to original post

Surprising since those are not the ratios you posted a few hours ago
It’s all about making that GTA
AlanMendelson
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May 12th, 2022 at 10:00:44 PM permalink
Quote: Ace2

Quote: AlanMendelson

Quote: Dieter

Quote: AlanMendelson

Gosh, I must be playing a different game.

When I bet $25 flat bets...

On the 4 and 10 I have $75 odds.
When it wins I'm paid $25 + $150

On the 5 and 9 I have $100 odds
When it wins I'm paid $25 + $150

On the 6 and 8 I have $125 odds
When it wins I'm paid $25 + $150

I've never played in a casino where I was promised to win anything... including the free odds.
link to original post



$150:$75 = 2:1
$150:$100 = 3:2
$150:$125 = 6:5

I think it lines up, but I won't get out of sorts if someone corrects me.
link to original post



Looks good to me. But I'm wrong about math.
link to original post

Surprising since those are not the ratios you posted a few hours ago
link to original post



I had a typo. 3-1 on the 4 and 10. Yes, I made a typo.

But what about your numbers? Where did you get 2/5 and 5/11 from?
odiousgambit
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May 13th, 2022 at 3:57:12 AM permalink
Alan you are mixing up payouts with probability

if you flip a fair coin, and win on heads, you have 1 out of 2 chance of winning ... but a fair *payout* is 1 to 1.

So, when a fair payout is 6 to 5 that tells us the probability is based on 11 events, 6+5 you see. Get back to that "6 ways to lose, 5 ways to win" business that all Craps players should hear at some point, and as I recall , you have

the probability, not the odds payout, is 5/11 for winning a free odds bet on the 6 or 8

It helps to avoid sloppy terminology. Don't use the word "odds" to describe probability, as in "the odds are heads will come up half the time", sloppy usage, but you hear that all the time. You can use "chances" there but I don't even like that.

Also, be careful with how you show it. 5/11 is the way you write a fraction, with numerator and denominator. I have frequently seen *gambling writers* use 6/5 which should mean 'six fifths' or 6 divided by 5, but, no, they mean the payout '6 to 5' [that can be written 6:5, never 6/5 .... grrrrr!]

Sloppy stuff like that, seen over the years, has probably helped lead to this ridiculous exchange
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
AlanMendelson
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May 13th, 2022 at 4:03:22 AM permalink
Okay.

Please tell me how you determined the probability of winning is 5/11.

Thanks.
odiousgambit
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May 13th, 2022 at 4:34:47 AM permalink
Quote: AlanMendelson

Okay.

Please tell me how you determined the probability of winning is 5/11.

Thanks.
link to original post

did you read my post? replying to a different post?

5 ways to win. 6 ways to lose. 11 total ways. 5 out of the 11 ways win, can be shown as a fraction, 5/11
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
unJon
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May 13th, 2022 at 4:36:40 AM permalink
Quote: AlanMendelson

Okay.

Please tell me how you determined the probability of winning is 5/11.

Thanks.
link to original post



I find it hard to fathom that you don’t know this, given how much you have played craps.

There are 5 ways to make a six and 6 ways to make a seven. So the probability of rolling a six before rolling a seven is 5 / (5+6) = 5/11
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
AlanMendelson
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May 13th, 2022 at 4:55:45 AM permalink
Now I'm going to ask some sincere questions which will appear to be dumb. They may be dumb but they really are sincere.

I've never heard until now that the probability of winning any point is different than the true odds of that point.

I've only heard, for example, that there are 5 ways to make a six and there are six ways to make a seven so you are at a 6 to 5 disadvantage, or you have odds of 5/6 to make the point.

Never, in any casino, and never before in any discussion have I heard the probability of winning the point of 6 is 5/11.

So, my questions:

1. What rock have I been under?

2. Why when I Google odds of winning or probability i see 5/6 but not 5/11?

3. And if the probability is 5/11 instead of 5/6 should I bet or play differently?
odiousgambit
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May 13th, 2022 at 5:10:34 AM permalink
I guess Alan blocked me ... I'm out!
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
AlanMendelson
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May 13th, 2022 at 5:13:50 AM permalink
Quote: odiousgambit

I guess Alan blocked me ... I'm out!
link to original post



I didnt block you.
Dieter
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May 13th, 2022 at 5:16:56 AM permalink
1. No idea.

2. Other people apparently are subject to misunderstandings and mistakes, too.

3. Not if you've enjoyed doing it.
May the cards fall in your favor.
unJon
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May 13th, 2022 at 5:30:20 AM permalink
Quote: AlanMendelson

Now I'm going to ask some sincere questions which will appear to be dumb. They may be dumb but they really are sincere.

I've never heard until now that the probability of winning any point is different than the true odds of that point.

I've only heard, for example, that there are 5 ways to make a six and there are six ways to make a seven so you are at a 6 to 5 disadvantage, or you have odds of 5/6 to make the point.

Never, in any casino, and never before in any discussion have I heard the probability of winning the point of 6 is 5/11.

So, my questions:

1. What rock have I been under?

2. Why when I Google odds of winning or probability i see 5/6 but not 5/11?

3. And if the probability is 5/11 instead of 5/6 should I bet or play differently?
link to original post



I won’t directly answer your question, but I’ll show you the math of why getting paid 6:5 odds is “true odds” when the probability of winning is 5/11.

5/11 of the time you win, and gain $6. So “expectation of win” is 6 * 5/11 = 30/11.

6/11 of the time you lose, and you lose $5. So “expectation of loss” is -5 * 6/11 = -30/11

The 30/11 and -30/11 cancel out for an overall “expected value of wager” of $0.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
odiousgambit
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May 13th, 2022 at 6:30:58 AM permalink
Alan's questions:

1. What rock have I been under? ........................ maybe you haven't quite realized that the dealers, the other players, what you find on the internet even, just don't use math beyond payout math

2. Why when I Google odds of winning or probability i see 5/6 but not 5/11? ........................ see above

3. And if the probability is 5/11 instead of 5/6 should I bet or play differently?................................. you never acted on a probability of 5/6, since that would mean you win 5 times out of 6 and get paid 6 to 5. You'd never leave the casino if you had ever believed that

I repeat: quit mixing up probability and payout. Not the same thing!

link to original post
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
odiousgambit
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May 13th, 2022 at 6:36:03 AM permalink
If you see 5/6 or see 5:6 do you think "oh that's the same thing" ?

It is not. One means 5 out of 6. The other means 5 to 6. You can blame sloppy posts and even sloppy gambling writers
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
AlanMendelson
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odiousgambit
May 13th, 2022 at 8:22:47 AM permalink
Thank you for explaining.
Dieter
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Dieter
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May 13th, 2022 at 8:58:23 AM permalink
This has been grinding away in my back-brain for a bit now.

I think one of the problems is that many people see two numbers, know division may be a part of it, and misinterpret the numbers as a fraction.

I suggest that fractions are just one way that people can be confused by a ratio*. There are many other ways of expressing, using, and being confused by ratios.

I am politely not indicting the education system nor elementary school math teachers. They've got a hard job and do it pretty well, even if it doesn't turn out a population that is broadly fluent in advanced numerancy**.

Since it comes up a fair bit... is there a common notation for "for 1" instead of "to 1" pays? I know we usually use the colon (:) for "to 1" and similar. (I freely admit that I am lazy and do not care to type out "800-for-1", but I'm also lazy enough to not want to go hunting for indirect unicode characters.)

In any family sitcom, there is likely to be a young student dreading a test on (or otherwise struggling to understand) fractions. This has been a trope for at least 50 years, so it's not exactly a new problem.

Do I need to go on a political rant here? No. Do too many people love online banking, because it means they don't have to find a calculator app to balance their checkbook to see how broke they are? Yes.
May the cards fall in your favor.
Ace2
Ace2
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May 13th, 2022 at 10:33:03 AM permalink
Quote: AlanMendelson


2. Why when I Google odds of winning or probability i see 5/6 but not 5/11?

Please post the link to where it says the probability of winning is 5/6 aka 5 in 6. That's an 83% probability of winning!

Maybe you aren't a math denier after all, just extremely math-challenged

Your 18 consecutive yo's claim starts making sense now. We assume that means 18 yo's in a row (will never happen) but it probably means something completely different to you
It’s all about making that GTA
Ace2
Ace2
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May 13th, 2022 at 10:42:10 AM permalink
Quote: Dieter

This has been grinding away in my back-brain for a bit now.

I think one of the problems is that many people see two numbers, know division may be a part of it, and misinterpret the numbers as a fraction.

I suggest that fractions are just one way that people can be confused by a ratio*. There are many other ways of expressing, using, and being confused by ratios.

I am politely not indicting the education system nor elementary school math teachers. They've got a hard job and do it pretty well, even if it doesn't turn out a population that is broadly fluent in advanced numerancy**.

Since it comes up a fair bit... is there a common notation for "for 1" instead of "to 1" pays? I know we usually use the colon (:) for "to 1" and similar. (I freely admit that I am lazy and do not care to type out "800-for-1", but I'm also lazy enough to not want to go hunting for indirect unicode characters.)

In any family sitcom, there is likely to be a young student dreading a test on (or otherwise struggling to understand) fractions. This has been a trope for at least 50 years, so it's not exactly a new problem.

Do I need to go on a political rant here? No. Do too many people love online banking, because it means they don't have to find a calculator app to balance their checkbook to see how broke they are? Yes.

link to original post

I don't think there's an accepted symbol to express "for-1", it's just written like that.

In casinos most odds are quoted on a "to-1" basis. Using the colon ":" to express this ratio is common the the USA but they seem to use the "/" symbol in the UK.
It’s all about making that GTA
tuttigym
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May 13th, 2022 at 11:27:55 AM permalink
Quote: odiousgambit



if you flip a fair coin, and win on heads, you have 1 out of 2 chance of winning ... but a fair *payout* is 1 to 1.


I descent, respectfully. The actual payout on a coin flip is: all or nothing.

tuttigym
Dieter
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Dieter
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May 13th, 2022 at 11:28:07 AM permalink
Quote: Ace2

I don't think there's an accepted symbol to express "for-1", it's just written like that.

In casinos most odds are quoted on a "to-1" basis. Using the colon ":" to express this ratio is common the the USA but they seem to use the "/" symbol in the UK.
link to original post



One wonders if the 3/2 notation for "3-to-2" could be a contributory factor in some of the misunderstanding.

Bookmaker's fractional odds?
May the cards fall in your favor.
ChumpChange
ChumpChange
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May 13th, 2022 at 12:13:40 PM permalink
After winning big on the bubble craps machine, I come back the next day expecting to win $100 in 2 hours. Well that failed using 3 Point Molly and losing 30 line & odds bets. I reduced to 2 Point Molly and lost another 10 line & odds bets, then I went to straight PL with odds and lost another 5 bets. I have different charts for each strategy, but I was down to my last 5 bets. So I switched to the Don'ts. My problem before was throwing 5 point 7-outs in a row many times and Hot Shooter Mode not activating for too many hours.
Now the Bubble Craps machine may have been tampered with between sessions because the 5 digit game number that counts up after each roll was reset to 0 while I was gone. Did they download all the data of my rolls once I left? There were near 90,000 rolls on the meter before. I played for near 11 hours (near 900 rolls) trying to end my session ahead, if only $21 ahead, which is also how much free play I have on my Player's Card that was never shown to me on the Player's Club kiosk before today (and I'm not at quite enough points to advance to the 2nd tier of card). Did I mention more than half my session points get discarded by the time I get back to the Player's Club kiosk because they disqualify my odds bets? It's gonna take a lot of points to be able to buy a $20 Smashburger meal, I'll have to bet so much more each day.
I thought maybe they tampered with the bubble dice bumper, but I kept rolling 7-11's on the come-outs and hardways like crazy (another player was betting $20 on hardways and quickly got to $1,000), but I kept rolling 7-outs so all his PB's were wiped out harshly. How should I play a game that won't stop rolling 7's?

If I get back to $300 in a session, I could wander over to the craps table when it's at a $10 minimum and play the Don'ts like the bad shooters they are, but I'll have to switch sides when I shoot because I can't stop throwing 7's!
Last edited by: ChumpChange on May 13, 2022
onebok
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May 14th, 2022 at 9:12:40 AM permalink
You ought to stop playing those damn machines. They are able to be mis-calibrated, incorrectly setup, hacked etc. You're unlikely
to ever prove to a manager that you deserve a refund for any losses, eventhough it is extremely unlikely for a random number
generator to produce 45 losses in a row.
When I played 2-deck BJ at the Colorado Belle in Laughlin many years ago and saw their Automatic Shuffler spew over 20 consecutive
10-cards in a row, I learned my lesson then. It's so easy to mildly skew the numbers in a BJ shuffler machine and no one in the short
term is going to play long enough to know it, let alone make a complaint or prove it.
ChumpChange
ChumpChange
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May 14th, 2022 at 1:11:31 PM permalink
I was putting $20's into the Bubble Craps machine and one got jammed inside the machine. A tech worker was walking by so I flagged him down and told him the machine ate my money. He wasn't inclined to believe me at all, but he mentioned that if I tried to put in another $20 bill and it got stuck, he'd open up the machine. It wouldn't go in, so the tech opened up the machine and found my $20 bill stuck inside and he pulled it out then shut the machine. He left before I put any more bills in to see if they still get stuck. Luckily the bills were accepted.
Now if I had one multi-hundred dollar TITO that got stuck the same way, I would have likely gotten the cold shoulder from the tech guy unless I had a 1 cent TITO to follow that up and show him it was jammed.
camapl
camapl
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May 14th, 2022 at 1:48:30 PM permalink
Quote: ChumpChange

I was putting $20's into the Bubble Craps machine and one got jammed inside the machine. A tech worker was walking by so I flagged him down and told him the machine ate my money. He wasn't inclined to believe me at all, but he mentioned that if I tried to put in another $20 bill and it got stuck, he'd open up the machine. It wouldn't go in, so the tech opened up the machine and found my $20 bill stuck inside and he pulled it out then shut the machine. He left before I put any more bills in to see if they still get stuck. Luckily the bills were accepted.
Now if I had one multi-hundred dollar TITO that got stuck the same way, I would have likely gotten the cold shoulder from the tech guy unless I had a 1 cent TITO to follow that up and show him it was jammed.
link to original post



That was just poor service all around-I hope you didn’t tip!
Expectation is the root of all heartache.
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