Free Odds
January 23rd, 2025 at 4:11:23 PM
permalink
Please explain how taking odds on the numbers reduces the 1.41% line bet odds. Thanks.
January 23rd, 2025 at 4:48:35 PM
permalink
Welcome to the forum.
It does, and it doesn't.
If you consider taking odds to be replacing the original line bet with a new line plus odds aggregate wager once a point is established, it does - the combined house edge on the aggregate wager is less than the edge on the original line bet.
If you consider taking odds to be a separate, independent (but co-graded) wager, it doesn't change the line bet odds one bit.
I don't consider either way of looking at the bets to be wrong.
It does, and it doesn't.
If you consider taking odds to be replacing the original line bet with a new line plus odds aggregate wager once a point is established, it does - the combined house edge on the aggregate wager is less than the edge on the original line bet.
If you consider taking odds to be a separate, independent (but co-graded) wager, it doesn't change the line bet odds one bit.
I don't consider either way of looking at the bets to be wrong.
May the cards fall in your favor.
January 24th, 2025 at 3:14:33 AM
permalink
It's often pointed out that "adding odds to your passline bet doesn't help you win more money". This is true and worth saying, since it's so easy to think of it the wrong way
The other view that is valid is that the more of your total action that you put in free odds, the more you lower the house edge on that total action. For practical purposes, this would mean something like not making the middle table bets at all and instead using the same amount on the free odds. And I ask you, what do you see going on at the craps table? Players making all the middle table bets they can possibly dream up and then adding some free odds "to win more money"
If your question was about the math, go to https://wizardofodds.com/games/craps/appendix/1/
The other view that is valid is that the more of your total action that you put in free odds, the more you lower the house edge on that total action. For practical purposes, this would mean something like not making the middle table bets at all and instead using the same amount on the free odds. And I ask you, what do you see going on at the craps table? Players making all the middle table bets they can possibly dream up and then adding some free odds "to win more money"
If your question was about the math, go to https://wizardofodds.com/games/craps/appendix/1/
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
