Idea for new dice game

Yes ladies and gentlemen, here's another half-baked idea for a new table game; I apologize in advance if someone else already thought of it.

No idea what to call it, so here goes.

I envision either a stand alone table, or a separate bet on a craps table.

The idea is simple: the player bets that a seven will roll sooner than is statistically likely, and if it rolls sooner than later he gets a higher payoff.

I haven't done the math, just the broad concept.

Start the game with making a bet on a come out roll.

If seven rolls immediately, a payoff of "X" x bet is paid, and a new game starts.

If no seven on the first roll, roll again.

If a seven rolls, a payoff of "X" - 1 is made, and so on until the shooter has rolled about five or six times without a seven, in which case the game is over and the house takes all unresolved bets.

e.g., payoff depending on when seven is rolled, assuming a ten dollar bet:

first roll: $50

second roll: $40

third roll: $30

4th roll: $20

fifth roll: $10

Then game over, house takes all unresolved bets.

As I said I haven't done the math: I'd leave it to those who enjoy such things to pencil it out so that the payoffs should yield a modest long term profit for the casino while giving the player some bang for his / her buck.

The bigger question is....Are the dice made in China?

I like it as a craps sidebet

This sounds like it might work well as a mini-game in one of those fancy digital slot machines.

Quote: MrV

...
e.g., payoff depending on when seven is rolled, assuming a ten dollar bet:

first roll: $50

second roll: $40

third roll: $30

4th roll: $20

fifth roll: $10

Then game over, house takes all unresolved bets.

Looks to me like a $10 wager with an average expected payout of about $20. At what casino do you expect to have this offered?
;-)

I would like to try this bet . What’s the maximum?

Player edge 161%.

The numbers I threw out were obviously rough, off the top of my head.

The concept should be clear enough; now it's up to somebody to analyze it and "do the math" and set the correct payouts so that it is both attractive to players and to a casino.

Ideally maybe a one or two percent house edge?

Quote: MrV

The numbers I threw out were obviously rough, off the top of my head.

The concept should be clear enough; now it's up to somebody to analyze it and "do the math" and set the correct payouts so that it is both attractive to players and to a casino.

Ideally maybe a one or two percent house edge?

Higher than that for a sidebet.

With 5 rolls it’s about a 60% chance a 7 will come. Just paying even money for all 5 tiers , player still has 20% edge.

IF my math is right, you could do something like:

2:1, 1:1, 0.5:1 over 3 rolls for a 4.8% HE

1:1, 0.8:1, 0.6:1, 0.4:1 (ie: $5 bet wins $5, $4, $3, or $2) over 4 rolls for a 9.6% HE

Even money over 3 rolls for a 15.7% HE



Problem is, none of these bets are "exciting" enough to get lots of action on them. Even a small HE bet isn't exciting enough.


If my math is accurate (doesn't seem accurate but yolo?) -- if there's a 7 within 5 rolls, it loses. Every roll after that, it wins even money. So if someone has 40 rolls, you'd end up winning 35x your bet. For a 19% HE.

Or it loses with a 7 before the 8'th roll, and every non-7 rolled thereafter you win 2x your bet.

Or 10'th roll then win 3x on all non-7's. So for this one, if someone had 24 non-7's, you'd win (24-10) = 14 * 3 = 42x your bet back.


I think that'd be pretty exciting for a player.