dwm
dwm
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November 16th, 2010 at 11:43:33 PM permalink
Today have gone thru my results over the past several years of active play, and after playing many different betting schemes rangeing from pass--odds only to across betting, the following has produced 13 CONSECUTIVE winning day sessions, no losses thusfar. Now it is very difficult to have these good results as active players know as this is a volatile game. While it is by no means a sure winner as nothing is with craps, and I did quit playing it after a near loss but it did recover to the positive even on that bad day, wanted to share it with the craps diehards:

Session: First buy-in is $200 betting $5 pass and $10 odds. Win goal is $100. Level bets at this level until win $100 or lose the $200. If win $100 that concludes the session.
If lose the first buy-in of $200, now go to a second buy-in of $400 and the bet is now increasing to $5 pass and $20 odds. Keep betting $20 odds until win $100 net for the session or lose this $400. $600 bankroll per day session total per above. Will be going back to this scheme now, as it has performed very well.
I808
I808
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November 17th, 2010 at 1:32:18 AM permalink
May you keep sliding down the right side of the bell curve. I would never have that kind of patience. Betting on pass line and odds and then waiting.
Like they say in the marijuana industry "Sometimes you gotta roll your own!" (At the craps table that is)
FleaStiff
FleaStiff
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November 17th, 2010 at 4:05:48 AM permalink
If your goal is a 100.00 win doing only a PassLine 5.00 bet and an OddBet of 10.00, how long does it generally take for you to achieve this one hundred dollar win?

I envy you for your will power in being able to simply stand there and await the disposition of the PassLine bet without making any ComeBets or doing anything else.
dwm
dwm
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November 17th, 2010 at 9:10:10 AM permalink
The sessions length vary from 1 hr or less, up to 3-4 hrs. Granted it is not an exciting way to play and much more fun to play with the typical multiple bet schemes if the table is good. But it is my experience that it is VERY difficult for sustained success with multiple place bets along with the pass-odds, as the 7 is just too powerful. Those frequent short rolls are especially tough on multiple place bet schemes, much easier to recover after losing just one bet.

Here are my results per session: +$100, +100,+110,+130,+60,+120,+170,+100,+110,+100,+90,+150,+120,+210,+10. Have played 15 sessions total, a couple of days I played two sessions, for net win of $1680. I have not done nearly as well overall with my other multiple place and multiple come-odds betting schemes. Heading back to the casino today to start playing this pass-odds only scheme for another day session.
FleaStiff
FleaStiff
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November 17th, 2010 at 10:34:10 AM permalink
Quote: dwm

Granted it is not an exciting way to play and much more fun to play with the typical multiple bet schemes if the table is good.


Ah, yes! Various multiple bet schemes are great ..."If the table is good".

I recall my PassLine and Multiple ComeBets... I had the entire table covered, no number had repeated, the dealer said "You are all over the place" ... and then the shooter rolled a Seven! Knocking each and everyone of my bets off and all the odds off as well. Not one bet paid off. Exciting? Maybe I was excited. Right now all I remember was being pissed off at that Seven!

Good luck.
dwm
dwm
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November 17th, 2010 at 10:53:12 AM permalink
Been there and done that Flea, know that sickening feeling, unfortunately. I grew weary of come betting, then went to place betting and again my bankroll suffered. Overall I would have done much better in all likelihood with betting simply the pass-odds bet using the above betting scheme. The allure of craps is all the various bets that are possible and it is easy to get sucked in as we hate to miss the action. Just stick with one good bet per roll with a good money mgt scheme is my advice to all, I have learned the hard way...
DeMango
DeMango
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November 17th, 2010 at 11:09:35 AM permalink
Thanks for posting David, will be in Biloxi next week if you can make it!
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
guido111
guido111
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November 17th, 2010 at 11:16:06 AM permalink
Quote: dwm

Today have gone thru my results over the past several years of active play, and after playing many different betting schemes rangeing from pass--odds only to across betting, the following has produced 13 CONSECUTIVE winning day sessions, no losses thusfar.


Your newest style of betting is very easy to program in WinCraps or any craps simulator.

I show in 300 sessions a session win streak of 27 and one at 28.
The average win streak was 4.

Also back to back bankroll ruin happened 6 times
1 time 3 times in a row
Win streaks can be deceiving. My 300 only session simulation shows what is in store for you.

This system can be a grind at the table.

The average rolls per session were 812
median 418 (half above and half below)
mode 79 to 139 (most common outcomes)

On Win session only:
The average rolls per session were 682
median 301 (half above and half below)
mode 79 to 139 ( most common outcomes)

On Lost session only:
The average rolls per session were 1450
median 993 (half above and half below)
mode 615 to 649 ( most common outcomes)

Good Luck!
At least most of your money is on the odds bet.
and if you opt to lower your session win goal to $75 you would do slightly better on the bust out sessions.
teddys
teddys
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November 17th, 2010 at 7:20:52 PM permalink
So what. I've lost 10 out of the last 13 sessions playing pass/odds. It can go both ways.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
mkl654321
mkl654321
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November 17th, 2010 at 8:26:37 PM permalink
Quote: dwm

The sessions length vary from 1 hr or less, up to 3-4 hrs. Granted it is not an exciting way to play and much more fun to play with the typical multiple bet schemes if the table is good. But it is my experience that it is VERY difficult for sustained success with multiple place bets along with the pass-odds, as the 7 is just too powerful. Those frequent short rolls are especially tough on multiple place bet schemes, much easier to recover after losing just one bet.

Here are my results per session: +$100, +100,+110,+130,+60,+120,+170,+100,+110,+100,+90,+150,+120,+210,+10. Have played 15 sessions total, a couple of days I played two sessions, for net win of $1680. I have not done nearly as well overall with my other multiple place and multiple come-odds betting schemes. Heading back to the casino today to start playing this pass-odds only scheme for another day session.



What you need to realize is that the reason you've done so well is not because your method is all that much better than the one you were using previously, but because you happened to get lucky at the same time you switched methods. Sessions that produce a lot of pass line winners will usually produce a lot of come bet and place bet winners, too.

The difference between the two methods is simply this: with pass line + odds and nothing else, only one bet per hand has a house disadvantage. With multiple bets per hand, that house advantage is several times greater (repeated with each non-odds bet). So the pass line-only method should lose relatively small amounts; a pass line with two place bets should lose three times as much; a pass line with two come bets and two place bets should lose five times as much; etc. By cutting down your total number of bets, you've decreased your potential loss by quite a bit.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
dwm
dwm
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November 17th, 2010 at 9:35:12 PM permalink
Just returned from a relatively easy $120 win betting just the $5 pass and $10 odds at Silver Star in Philadelphia, Ms, did not have to go to the second larger buy-in as did not lose the first $200. Was in a range of about $300 total, +150 to -150 in a 5 hr session which is quite typical. Boring, yes, but it does give an excellent chance for a winning session for those interested more in winning than the action of multiple bets.
teddys
teddys
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November 17th, 2010 at 9:47:55 PM permalink
Well, you're bucking a house edge of .60% on your total bet, about the same as most blackjack games, with about the same variance as blackjack. So yeah, it is one of the better ways to wager your money, though by no means a guaranteed long-term winner.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
dwm
dwm
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November 18th, 2010 at 11:04:02 AM permalink
Two aspects of my pass-odds scheme that I believe has helped with favorable session results thusfar:
1. Have a total of about a 30 bet session bankroll, including the two buy-ins. So first buyin of $200 at $15 per bet($5pass and $10 odds) is 13.3 bets. The second buyin of $400(if lose the first buyin), is 16 bets at $5 pass and $20 odds per bet. So the total is about 30 bets. Also the doubling of the odds bet, going from $10 odds to $20 odds per bet on the second buyin seems to help, have tried it with a 50% increase, and it did not do as well.
2. The cumulative odds aspect seems to kick-in after losing about 15-20 bets, and winning with the increased odds bet speeds the recovery.

Note I call it a scheme, not a system, as there is no winning system as everyone knows. Scheme is a better word to associate with gambling.

Today going to go with an initial larger odds bet of $15,16 for twenty bets for the initial odds bet. So $5 pass and $15,16 odds is about $20 total bet x 20 bets=$400 for the first buyin. If lose that, will go to $5 pass with $30 odds for $35 total bet x 10 bets for a second buyin of $350. Session bankroll increased to $750. Will report back, win or lose. Win goal increased to $150.

Wish I could make it, Demango..
dwm
dwm
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November 18th, 2010 at 9:58:28 PM permalink
Another good session for a $110 win with the larger odds bet per above, now the first buyin is using $15 odds and the second buyin(if necessary) is using $30 odds. Was in a narrow $-100 to +$150 range today. Now 17 winning sessions in a row with this pass-odds only scheme, BUT smallish wins in the $100 range. Win is the key word here as not getting rich by any means. It is starting to add up though, and help the ole gambing bankroll, a plus $100 win is still a good day's gambling as long as it is relatively consistent and it has been amazingly consistent thusfar.
dwm
dwm
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November 19th, 2010 at 9:27:25 AM permalink
For awhile now, have not gotten into the second buy-in, just wondering if it would be better to bet higher initial level odds with a 30 bet bankroll, and not doing the second buyin(if lose the first buyin) with twice the initial odds bet.
In other words, just buying in for $750 and betting level $5 pass and level $20 odds which is a 30 bet bankroll which would have produced a larger win per my recent sessions. You math experts, please chime in, thanks..
goatcabin
goatcabin
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November 19th, 2010 at 11:20:58 AM permalink
Quote: dwm

For awhile now, have not gotten into the second buy-in, just wondering if it would be better to bet higher initial level odds with a 30 bet bankroll, and not doing the second buyin(if lose the first buyin) with twice the initial odds bet.
In other words, just buying in for $750 and betting level $5 pass and level $20 odds which is a 30 bet bankroll which would have produced a larger win per my recent sessions. You math experts, please chime in, thanks..



Actually, your average bet with $5 pass, $20 odds is just $18 or so, since your passline bet is resolved on the comeout 1/3 of the times, so your $750 is roughly 40 bets' worth.

I ran 5000 sessions in WinCraps with $750 bankroll and $100 win goal and got a little over 85% winning sessions; however, of course, the losing sessions over-balance the winnings ones, leaving a mean net of -$12. The bust rate was almost 15%. The winning sessions averaged 341 rolls, the losing ones 1345, so in practice you would seldom have the stamina to lose the whole $750, although one session busted in just 238 rolls.

I tried it again with a 600-roll/next-roll-comeout additional stop condition for the sessions. This reduced the percentage of winning sessions to about 73%, and some of the winning sessions ended at 600 rolls, not +$100. At the same time, the losing sessions mostly did not bust, either (only 95 of 5000). Just over 50% of the sessions achieved the win goal. The mean net outcome was -$7.44, a bit lower due to the sessions not lasting as long.

Good luck,
Alan Shank
Woodland, CA
Cheers, Alan Shank "How's that for a squabble, Pugh?" Peter Boyle as Mister Moon in "Yellowbeard"
guido111
guido111
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November 19th, 2010 at 11:40:28 AM permalink
Quote: dwm

For awhile now, have not gotten into the second buy-in, just wondering if it would be better to bet higher initial level odds with a 30 bet bankroll, and not doing the second buyin(if lose the first buyin) with twice the initial odds bet.
In other words, just buying in for $750 and betting level $5 pass and level $20 odds which is a 30 bet bankroll which would have produced a larger win per my recent sessions. You math experts, please chime in, thanks..



I ran a quick sim in WinCraps and had some results sent to a text file so they could be entered into Excel.
750 bank/$100 win goal/$5 pass and level $20 odds.

You can see your win streaks.
Longest was 23 sessions. 2nd longest was 15. You seem to be in that group.

You can also see your lose streaks.
You had 2 in a row once. but there was 3 out of 6 from sessions 16 to 21. That means you need to have a larger overall bankroll from where each $750 session bankroll comes from.

Sure you can show a profit in the short run with short sessions.
as goatcabin also pointed out, the lost sessions are big compared to the win sessions.

The relationship between one's bankroll, avg bet size and win goal is an interesting one with changing bet sizes.
Bet too much compared to bankroll and you bust out too soon, bet too little and you do not win as much when you do win so you still have higher bust rates.
Too high of a win goal in proportion to the bet size, your sessions can become very long ones and you still bust out too many times.
Simulations can show the better relationships and ranges.

Good Luck to you.
Ouch!
check out the high bank for sessions 10, 79 and 98!

and the lowest low-bank that still produced a winning session was session #24 at $103.
sessionrollsbank-lowbank-highbank-endsession netnet-run
138730877877127127
213750859859109236
328745865865115351
423750873873123474
543700861861111585
644477957-743-158
787670857857107-51
8208016785385310352
91265198861861111163
1011141883618-732-569
11247620861861111-458
121523196872872122-336
13214656863863113-223
1442729883883133-90
1517260586386311323
165752375023-727-704
17109695850850100-604
1840700880880130-474
195252175921-729-1203
2069694859859109-1094
2133851577915-735-1829
2269684860860110-1719
23213640856856106-1613
241464103876876126-1487
2517745854854104-1383
26171584864864114-1269
27607481850850100-1169
2837710863863113-1056
2959665860860110-946
30114552863863113-833
31212569875875125-708
3242725867867117-591
3353757505-745-1336
34271605862862112-1224
35165695862862112-1112
3653730863863113-999
3729725858858108-891
38670457877877127-764
3974715869869119-645
4067695864864114-531
4123750884884134-397
422137164866866116-281
4314750852852102-179
44266529872872122-57
4596644886486411457
46164553880880130187
4740750873873123310
48207554859859109419
49310526858858108527
508741577515-735-208
51127688874874124-84
5266150286286211228
531061482871871121149
54264476864864114263
55385258075-745-482
56410610862862112-370
5794670854854104-266
5833750873873123-143
5910750859859109-34
605168085185110167
6152717880880130197
62610336856856106303
63707412857857107410
6443725877877127537
65793545851851101638
6621750854854104742
67247544852852102844
68705424850850100944
691586088818811311075
70337258638631131188
71906348818811311319
722066308678671171436
731397108658651151551
742774898668661161667
75707408718711211788
76337308758751251913
779123878738731232036
783036088738731232159
7990928462-7481411
80174757545-745666
81369505855855105771
82100710851851101872
8373725850850100972
8429101648558551051077
8524403168508501001177
862065958548541041281
87417108578571071388
882035378528521021490
89167508758751251615
903966208528521021717
913715588748741241841
921206748778771271968
9310574138538531032071
94147087648-7421329
956544288648641141443
96557258798791291572
973306638608601101682
9822211784517-733949
99507348608601101059
1008734318588581081167

yes, after 100 sim sessions you have a $1167 net profit.
7craps
7craps
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November 19th, 2010 at 4:23:33 PM permalink
Quote: dwm

For awhile now, have not gotten into the second buy-in, just wondering if it would be better to bet higher initial level odds with a 30 bet bankroll, and not doing the second buyin(if lose the first buyin) with twice the initial odds bet.


Computer simulations can answer your question.
The more you wager on the odds bet, the more increase in variance, and that can work both ways.
You win more (hit your win stop) or lose more...ruin. And you would want to know how large of a session bankroll is needed to handle the increase in that greater variance.

Quote: dwm

In other words, just buying in for $750 and betting level $5 pass and level $20 odds which is a 30 bet bankroll which would have produced a larger win per my recent sessions. You math experts, please chime in, thanks..


With the few sessions you have played, of course you would have won more.
Larger bets do not always mean larger guaranteed wins.
Your bankroll may or can bust out more often with the increase in your resolved average bet.

Odds factorpassoddstotalavg bet
05055.00
155108.33
25101511.67
35152015.00
45202518.33
55253021.67
65303525.00
75354028.33
85404531.67
95455035.00
105505538.33


For your pass line bet, since you are increasing your odds after losing $200 in bankroll again does not guarantee a session win.
winsome johnny (not Win some johnny)
7craps
7craps
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November 19th, 2010 at 4:51:13 PM permalink
Here is another short 100 session bankroll results.
$750 session bankroll
$5 pass with $20 odds
$100 win goal
session stop when can not make a $5 pass line bet.

WinCraps RNG#1 seed #56
100 session win/lose streaks
win streakslose streaks
111
51
21
71
51
21
32
11
53
201
26.

With an 85% session win rate it is easy to get large win streaks.
But those few session ruins will cause you to scream as you need more bankrolls to continue.
The below table shows over a $4000 total bankroll was needed just to eek out a $158 profit.

I also wish you good luck in your current win streak.

session #45 showed your bankroll to be at $849 then you busted out....$1 away from your $100 win goal!
and as goatcabin also pointed out, many sessions are massive in length... you would have to play those extra long sessions over a period of days just to end up losing your bankroll or getting a small session win.
sessionrollslow bankrollhigh bankrollend bankrollsession netnet-run
138738872872122122
2281539850850100222
336710850850100322
478710851851101423
5125674853853103526
640750863863113639
7651509860860110749
890748871871121870
9184697863863113983
106315938638631131096
11227508538531031199
12222537503-747452
13242528853853103555
1459750872872122677
15568350865865115792
1662695854854104896
17277508748741241020
18495548254-746274
19509529851851101375
2031750877877127502
21114707650-750-248
2220730865865115-133
23666427866866116-17
242975085585510588
25106743872872122210
26122696869869119329
2734744851851101430
2820750854854104534
2996407990-750-216
301648229884884134-82
319470486186111129
32149725855855105134
3321750854854104238
3467695867867117355
3586508190-750-395
36647606866866116-279
37148685878878128-151
3874307950-750-901
39114575891891141-760
40219593866866116-644
4161665877877127-517
4263208430-750-1267
43263417601-749-2016
441022339858858108-1908
45155508490-750-2658
46215564850850100-2558
47140667873873123-2435
48241510873873123-2312
4929750853853103-2209
5096710878878128-2081
51278608330-750-2831
52120908160-750-3581
5366407690-750-4331
54162639853853103-4228
55115590870870120-4108
56219623864864114-3994
5717740875875125-3869
5877714873873123-3746
5976714861861111-3635
60500459853853103-3532
61320375867867117-3415
6247750862862112-3303
63219654894894144-3159
64337850860860110-3049
6549733873873123-2926
6660750852852102-2824
6737750871871121-2703
6880660856856106-2597
69105647875875125-2472
7085690860860110-2362
711353295862862112-2250
7225750878878128-2122
7382724865865115-2007
7492717501-749-2756
75125604858858108-2648
76187655850850100-2548
77900408855855105-2443
7860700852852102-2341
79154560860860110-2231
8021725868868118-2113
8161749869869119-1994
8246715854854104-1890
83665285864864114-1776
84163681854854104-1672
85200548869869119-1553
8616725850850100-1453
87424576877877127-1326
88124689872872122-1204
89101666854854104-1100
90105700891891141-959
911342247853853103-856
928750859859109-747
93142729866866116-631
94161650875875125-506
95123657855855105-401
96642537858858108-293
97527474892892142-151
98172645858858108-43
998870485085010057
1001054376851851101158
winsome johnny (not Win some johnny)
7craps
7craps
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November 19th, 2010 at 5:27:50 PM permalink
Here is another short 100 session bankroll results.
$150 win goal...Now a 50% increase from the last $100 session win goal. I think you now use it as your win goal.
$750 session bankroll
$5 pass with $20 odds
session stop when can not make a $5 pass line bet.

WinCraps RNG#1 seed #56
100 session win/lose streaks

win streaklose streak
71
41
11
51
41
11
33
41
31
12
141
261
31
11
32
1.

Almost a 50% increase in bankroll ruin sessions. Ouch.
again...I also wish you good luck in your current win streak.

750rollslow bankrollhigh bankrollend bankrollsession netnet-run
152738907907157157
2301504905905155312
3183720904904154466
462725923923173639
5667509903903153792
6231705901901151943
76586339039031531096
8231308530-750346
9150655902902152498
1056725906906156654
11597394909909159813
1266695928928178991
13513108750-750241
14356578900900150391
15155208920-750-359
1666665908908158-201
17242608916916166-35
1846745914914164129
19212714917917167296
2042750931931181477
2199448684-746-269
221633284939939189-80
2314470490490415474
24109693902902152226
25254703909909159385
2666927912-748-363
27725575914914164-199
2883948444-746-945
29106630901901151-794
30221638911911161-633
3165665912912162-471
3259908080-750-1221
33261107950-750-1971
34263618961-749-2720
35208614900900150-2570
36373633937937187-2383
3736745907907157-2226
38100715918918168-2058
39166717981-749-2807
4023750909909159-2648
4142750911911161-2487
42371633922922172-2315
43108307810-750-3065
4416750904904154-2911
4582007500-750-3661
4663807500-750-4411
47257664914914164-4247
48224707904904154-4093
4928720919919169-3924
5079714902902152-3772
51568541926926176-3596
52322184911911161-3435
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winsome johnny (not Win some johnny)
guido111
guido111
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November 19th, 2010 at 7:50:21 PM permalink
Quote: goatcabin

I tried it again with a 600-roll/next-roll-comeout additional stop condition for the sessions. This reduced the percentage of winning sessions to about 73%, and some of the winning sessions ended at 600 rolls, not +$100. At the same time, the losing sessions mostly did not bust, either (only 95 of 5000). Just over 50% of the sessions achieved the win goal. The mean net outcome was -$7.44, a bit lower due to the sessions not lasting as long.

Good luck,
Alan Shank
Woodland, CA


I also duplicated Alan's results.

The longest win streaks were: 21,20,19 twice,17 and 16. Way shorter than those with ruin or win goal reached.

About 26% of the sessions ended at 600 rolls. Other roll stops from 400 to 800 had the same 26-30% sessions ended with the roll count.
And only 6.5% of those that ended to a roll count ended in a winning session.

The longest losing streaks were: 5 (4 times) 4(16 times) 3 (42 times)

Again this all goes to show how important bet size, bankroll and win goal all work together at maximizing winnings and minimizing the losses.
guido111
guido111
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November 19th, 2010 at 8:50:09 PM permalink
Quote: teddys

So what. I've lost 10 out of the last 13 sessions playing pass/odds. It can go both ways.


I do not think it can go equally both ways betting the way dmw does.
The reason why is this:
dmw uses bets to bankroll to win goal ratios. also know as "risk of ruin"
The Wizards math site:
www.mathproblems.info, see problem 116. explains a simple example IF all the bets are the same. It gets messy when using average bets, easier to run a few simulations to get a reliable answer.
and here:https://wizardofodds.com/ask-the-wizard/roulette/
1/3 of the way down
"If I have a $200 bankroll that I don't mind losing, and keep playing $10 on one single number on European (single-zero) roulette, what are the probabilities of winning, $200, $500 or $1000? Assuming I'll stop after reaching the target. Thanks, great site, you wanted me to keep this short :) – Andy from Amsterdam"

Member goatcabin has shown many simulations of why this type of betting not only increases the session win rate but lets you know what to expect along the way as to time of play, bankroll needed, average size bets etc.
Most win rates are around the 80-85% area when using the pass line bet and taking the odds.
Your 77% loss rate would be a very very short term outcome using dmw's method. He could easily have 30 to 40 winning sessions in a row. Granted his winning sessions do not win as much as his losing ones will, but that is gambling.
The down side is the large losses when he does lose.

He still places most of his money on the odds bet. One can not go wrong with that.

Everyone and their Grandma has their way of playing craps.
Some like the higher session winning rates by setting win goals to bet sizes and bankrolls, some do not.
I say as long as you are gambling with your money, you can play as you please and have fun doing it.
goatcabin
goatcabin
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November 20th, 2010 at 9:33:11 AM permalink
Quote: teddys

So what. I've lost 10 of the last 13 sessions playing pass/odds. It can go both ways.


Quote: guido111

I do not think it can go equally both ways betting the way dmw does.


Member goatcabin has shown many simulations of why this type of betting not only increases the session win rate but lets you know what to expect along the way as to time of play, bankroll needed, average size bets etc.
Most win rates are around the 80-85% area when using the pass line bet and taking the odds.
Your 77% loss rate would be a very very short term outcome using dmw's method. He could easily have 30 to 40 winning sessions in a row. Granted his winning sessions do not win as much as his losing ones will, but that is gambling.
The down side is the large losses when he does lose.



I don't think teddys is referring to playing with a similar betting strategy, just the type of bets. If one plays pass/odds with a sufficient bankroll to last the session and does not stop when reaching some win goal, then it will "go both ways", more-or-less symmetrically on either side of the ev (not the breakeven point). Losing 10 of 13 sessions, in that case, is unfortunate but not that unlikely.

Quote: guido111

He still places most of his money on the odds bet. One can not go wrong with that.



Well, one can certainly get hammered betting high odds multiples. To minimize risk-of-ruin and extend table time (if that's one's goal), play minimum pass line, no odds. The outcome is dependent only on one's W-L record; no pattern of wins/losses, comeout-vs-point win/losses, etc., matters. This reduces volatility (and, for many, fun) to its minimum. One's chances of a winning session are much lower without odds, balanced by very low risk-of-ruin.
Cheers,
Alan Shank
Woodland, CA
Cheers, Alan Shank "How's that for a squabble, Pugh?" Peter Boyle as Mister Moon in "Yellowbeard"
teddys
teddys
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November 20th, 2010 at 12:51:26 PM permalink
Some more info on how I play: I buy in for $200, $250 or $300, depending on the amount of time I plan to spend at the table. I play the passline for $5, and take odds of $10 on any point. I make a come bet after the point is established and take $10 on that point as well. If a point hits (rarely!), I make another come bet with odds to replace it. I never have more than two points working unless the table is on a real hot streak in which case I'll make another come bet or two. I've never gotten to this point, though.

I'll play for an hour or two, or if the table is crowded, a couple orbits around the table. I have busted out I think 8 out of the last 13 sessions, or lost badly, anyway. I had one winning session at Hollywood Tunica for $35, and another at Sams Town Tunica for about $85, I think. At Ameristar East Chicago I lost $200 before the dice even got to me! (No points). So, no, I don't play a super-high volatility system, but when it goes bad, it goes bad.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
guido111
guido111
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November 20th, 2010 at 1:50:23 PM permalink
Quote: teddys

Some more info on how I play: I buy in for $200, $250 or $300, depending on the amount of time I plan to spend at the table. I play the passline for $5, and take odds of $10 on any point. I make a come bet after the point is established and take $10 on that point as well. If a point hits (rarely!), I make another come bet with odds to replace it. I never have more than two points working unless the table is on a real hot streak in which case I'll make another come bet or two. I've never gotten to this point, though.

I'll play for an hour or two, or if the table is crowded, a couple orbits around the table. I have busted out I think 8 out of the last 13 sessions, or lost badly, anyway. I had one winning session at Hollywood Tunica for $35, and another at Sams Town Tunica for about $85, I think. At Ameristar East Chicago I lost $200 before the dice even got to me! (No points). So, no, I don't play a super-high volatility system, but when it goes bad, it goes bad.


Do you set any win goals? Or do you just play for that 1-2 hours?

Say you are up $50. Do you pocket that and start over with your starting bankroll?
$200-$300 bankroll with average bets around $23 seems to me not a very good formula for any consistent success at having winning sessions.

dmw's average bet of $18.33 is 2.4% of his bankroll.
yours is between 7.6% and 11.5%

there is a bet size to bankroll to win goal relationship.
risk of ruin does not get any better if your bet is too large and goes way up if your bet is too small to your bankroll and your win goal. The win goal is also important.
simulations can show the best ratios.
dwm
dwm
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November 20th, 2010 at 9:11:22 PM permalink
Thanks for the good replies. Last night decided to play with level odds of $20, i.e. $5 pass and 4x odds and it was a mistake. $750 session bankroll. Finally gave up -$600 in a marathon session. IF I had stuck to the original scheme, would have made a recovery into the plus, as had the usual good results after being down 15-18 bets. However, with level odds bets it did not recover whereas with doubling of my odds bet on the second buyin it would have recovered into the plus before reverting back into the negative.

Anyway, this was an expensive lesson. So next session, $5 pass and $10 odds betting level bets for the first buyin of $250(16 bets). Win goal is at least $50 at the end of the latest shooter's hand, lowering the win goal to reduce session length and increasing the probability of a session win. If lose the first buyin without reaching the win goal, then second buyin of $350 for $5 pass and $20 level bets(14 bets), with same win goal. May play two sessions per day if the first session is easy.
mkl654321
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November 20th, 2010 at 9:51:37 PM permalink
Quote: dwm

Thanks for the good replies. Last night decided to play with level odds of $20, i.e. $5 pass and 4x odds and it was a mistake. $750 session bankroll. Finally gave up -$600 in a marathon session. IF I had stuck to the original scheme, would have made a recovery into the plus, as had the usual good results after being down 15-18 bets. However, with level odds bets it did not recover whereas with doubling of my odds bet on the second buyin it would have recovered into the plus before reverting back into the negative.

Anyway, this was an expensive lesson. So next session, $5 pass and $10 odds betting level bets for the first buyin of $250(16 bets). Win goal is at least $50 at the end of the latest shooter's hand, lowering the win goal to reduce session length and increasing the probability of a session win. If lose the first buyin without reaching the win goal, then second buyin of $350 for $5 pass and $20 level bets(14 bets), with same win goal. May play two sessions per day if the first session is easy.



I think you are focusing WAY too much on "session" results. You need to realize that a "session" is an arbitrary and largely illusory construct. If you will gamble tomorrow, or for that matter at any time in the future, then what's the difference between your next bet being ten seconds from now, and it being 24 hours from now?

You need to consider what your overall goal is. Do you want to extend your playing time as much as possible? Then you should be taking either single or no odds. Do you want the best chance to make money while fighting the lowest possible house edge? Then bet maximum odds. Do you have an OVERALL win goal? Do you have an OVERALL loss limit? These considerations should determine your bet sizing.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
goatcabin
goatcabin
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November 21st, 2010 at 11:17:45 AM permalink
Quote: dwm

Thanks for the good replies. Last night decided to play with level odds of $20, i.e. $5 pass and 4x odds and it was a mistake. $750 session bankroll. Finally gave up -$600 in a marathon session. IF I had stuck to the original scheme, would have made a recovery into the plus, as had the usual good results after being down 15-18 bets. However, with level odds bets it did not recover whereas with doubling of my odds bet on the second buyin it would have recovered into the plus before reverting back into the negative.



I don't think you should draw any conclusion from one session where one method "failed" and you can tell another would have done better. That sequence of dice rolls that you experienced favored the method you weren't playing, but the next sequence might very well favor the one you played last night. It's really the same issue that you face when switching back and forth between pass and don't pass. You are "chasing a pattern". If you experienced a period of good results after being down, then, yes, you would have, with perfect hindsight, done better had you raised your bets. OTOH, if the poor results continued, then you would have lost a lot more if you raised your bets.

Quote: dwm

Anyway, this was an expensive lesson.



There is no lesson there!



Cheers,
Alan Shank
Woodland, CA
Cheers, Alan Shank "How's that for a squabble, Pugh?" Peter Boyle as Mister Moon in "Yellowbeard"
goatcabin
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November 21st, 2010 at 11:28:47 AM permalink
Quote: mkl654321

I think you are focusing WAY too much on "session" results. You need to realize that a "session" is an arbitrary and largely illusory construct. If you will gamble tomorrow, or for that matter at any time in the future, then what's the difference between your next bet being ten seconds from now, and it being 24 hours from now?

You need to consider what your overall goal is. Do you want to extend your playing time as much as possible? Then you should be taking either single or no odds. Do you want the best chance to make money while fighting the lowest possible house edge? Then bet maximum odds. Do you have an OVERALL win goal? Do you have an OVERALL loss limit? These considerations should determine your bet sizing.



I think these remarks make a lot of sense if we're talking about sessions during a trip to a casino or city, where you have a certain gambling budget. In fact, I think mkl had a post about splitting the "trip bankroll" up into "session bankrolls" in another thread; or maybe it was someone else. In any case, unless you believe in "hot" and "cold" tables, DI's, etc., you shouldn't have any different (gambling) expectations between continuing to play here/now and going somewhere else/later. OTOH, there are very good reasons to split your play into sessions for physical/mental considerations.

OTOH, I think there is quite a relevant difference between these sessions and separate gambling trips, separated by time and, we hope, INCOME. If you go to Vegas and gamble, go home and work, earning some additional "discretionary" income, and then return to play some more, your gambling expectation is no different than if you just stayed the first time, but you have "refreshed" your bankroll, so the money has a different meaning.
Cheers,
Alan Shank
Woodland, CA
Cheers, Alan Shank "How's that for a squabble, Pugh?" Peter Boyle as Mister Moon in "Yellowbeard"
mkl654321
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November 21st, 2010 at 1:42:01 PM permalink
Quote: goatcabin

I think these remarks make a lot of sense if we're talking about sessions during a trip to a casino or city, where you have a certain gambling budget. In fact, I think mkl had a post about splitting the "trip bankroll" up into "session bankrolls" in another thread; or maybe it was someone else. In any case, unless you believe in "hot" and "cold" tables, DI's, etc., you shouldn't have any different (gambling) expectations between continuing to play here/now and going somewhere else/later. OTOH, there are very good reasons to split your play into sessions for physical/mental considerations.



Yes, that was me, and the reason for doing that was to meet a goal: of not going broke during a given trip. Artificially breaking one's play up into "sessions" helps to meet that goal. For many recreational players, it's not about winning; it's about having a good time. And one of the worst things that can happen in Vegas is to run out of money before your trip is over, so a "session bankroll" approach helps to prevent that worst-case scenario. Of course, to do that, one has to have a cognizance of an overall "trip bankroll", as well as the willingness to play no more than a fixed number of "sessions", of limited duration.

It is, in any case, a mistake to pay very much attention to the result of a single "session", and the successes the OP has had so far (or his failures) have nothing to do with the efficacy of his varying betting methods (i.e., sometimes he was lucky, and sometimes he wasn't--period).
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
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