How do you figure house edge on a relatively simple game?
Saw an ad for this game in "Casino Journal" this month. It is a derrivitive of craps and a carnival game, but I was wondering if we could see how to figure house edge when you see a new game?
as seen at http://www.gamekorner.com/dierich.html
About DIE RICH
DIE RICH is a casino game with similarities to the pass line bet of craps. DIE RICH is played with only one die. There is a come-out roll. All bettors are paid odds of one-to-one (even money) if the first roll is a six. All bettors lose if the first roll is a one. The remaining numbers (two through five) are the possible points of DIE RICH.
If a point is established on the first roll, bettors are given three chances for the point to be rolled again. If the point is rolled on the first opportunity, bettors are paid odds of two-to-one. If the point is rolled on the second opportunity, bettors are paid odds of one-to-one. If the point is rolled on the third and last try, bettors are paid odds of two-to-one. If the point is not rolled in three tries, all bettors lose. If a one is rolled while attempting to roll the point, all bettors lose.
One-roll bets are allowed and are paid odds of four-to-one. Winning one-roll bets may be returned to the bettor.
The come-out appears to have no house edge since there is a 1/6 chance of win or loss.
You have a chance of hitting a point (1/6 + 1/6 + 1/6) and getting an average payour of 5/3 or 1.6:1 rounded. (2:1 + 1:1 + 2:1)/3. Your chance of loss is equal but losing just even money.
Thus the house edge appears to be in not making a point at all. How is that calculated and where is my math wrong above (if it is.) I know you can't add the three 1/6 to get a 50% chance of either making it or not.
Quote: AZDuffmanSince some folks want more "on-topic" topics.........
Saw an ad for this game in "Casino Journal" this month. It is a derrivitive of craps and a carnival game, but I was wondering if we could see how to figure house edge when you see a new game?
as seen at http://www.gamekorner.com/dierich.html
About DIE RICH
DIE RICH is a casino game with similarities to the pass line bet of craps. DIE RICH is played with only one die. There is a come-out roll. All bettors are paid odds of one-to-one (even money) if the first roll is a six. All bettors lose if the first roll is a one. The remaining numbers (two through five) are the possible points of DIE RICH.
If a point is established on the first roll, bettors are given three chances for the point to be rolled again. If the point is rolled on the first opportunity, bettors are paid odds of two-to-one. If the point is rolled on the second opportunity, bettors are paid odds of one-to-one. If the point is rolled on the third and last try, bettors are paid odds of two-to-one. If the point is not rolled in three tries, all bettors lose. If a one is rolled while attempting to roll the point, all bettors lose.
One-roll bets are allowed and are paid odds of four-to-one. Winning one-roll bets may be returned to the bettor.
The come-out appears to have no house edge since there is a 1/6 chance of win or loss.
You have a chance of hitting a point (1/6 + 1/6 + 1/6) and getting an average payour of 5/3 or 1.6:1 rounded. (2:1 + 1:1 + 2:1)/3. Your chance of loss is equal but losing just even money.
Thus the house edge appears to be in not making a point at all. How is that calculated and where is my math wrong above (if it is.) I know you can't add the three 1/6 to get a 50% chance of either making it or not.
The Wizard has a page on this with the numbers...hope this helps:
https://wizardofodds.com/dierich
I'm curious as to the layout of the game. Was it on a standard table game table, or a Craps type table? Did the players roll the die, or did the dealers use a gadget?
Quote: cclub79The Wizard has a page on this with the numbers...hope this helps:
https://wizardofodds.com/dierich
I'm curious as to the layout of the game. Was it on a standard table game table, or a Craps type table? Did the players roll the die, or did the dealers use a gadget?
What I posted is what they had, except I took off the part of it having at least one side bet, similar odds to the "any 7" bet in real craps. So I assume there is some kind of layout. I hope it uses a die as the last thing we need is for more and more table games to replace the real thing with gadgets/virtual. Why should I go to a casino when I can play a RNG game at home online?
Quote: AZDuffmanWhat I posted is what they had, except I took off the part of it having at least one side bet, similar odds to the "any 7" bet in real craps. So I assume there is some kind of layout. I hope it uses a die as the last thing we need is for more and more table games to replace the real thing with gadgets/virtual. Why should I go to a casino when I can play a RNG game at home online?
Yeah, I was thinking of one of those Sic Bo plastic dome things...anyway, as for your math, I think you have to figure out the odds of not doing it. So (5/6)*(5/6)*(5/6)= .579 = 58% of the time, you won't make the point. (5/6)*(1/6)=.139 = 14% of the time you will win 2:1, and 28% of the time you'll win even money (1/6)(first roll win) + (5/6)*(5/6)*(1/6) (third roll win). I rounded the numbers to the nearest percent.
I remember it was on a Blackjack size table. I was walking by and just stopped for a bit to watch, but when I returned a few months later they had said the game was removed.
The dealer only would shake a dice cup ,( like the style used in Pai Gow Poker with 3 dice, before most tables went with a RNG)I never saw a player shake it, as was allowed in Pai Gow poker.
All I remember was the game went fast.
The Wizard has a nice page on it. https://wizardofodds.com/dierich
I do not recall reading if it is in any other casinos currently.
the table layout can be seen on its patent here:
http://www.freepatentsonline.com/6817612.html
I recall that is what it looked like. Im sure there can be found actual pics of the layout somewhere
