Craps - Come Bet Odds Question

Let's suppose you make a come bet(s) and take full odds on it. The point is hit by the shooter. The dealer then asks you if your come bet(s) odds are working or off during the next come out roll(s).

Question: Does having your come bet(s) odds working or not working during the come out roll(s) make any difference in terms of expectation?

Although I am not certain, I think the published tables assume that the odds are always working. Dealers ask if you want your Come bet odds "off" on the come out since most are typically rooting for a seven to win the Pass line. In fact, most places assume your odds are not working on the come out.

The odds remain the same and long term it makes no difference to your how much you win/lose. Most people are 'off' on the come out so that if a 7 is rolled it is a winner on the passline and at least the odds are saved from the come bets. It saves more on the place bets since your whole bet is saved.

Another totally non rational reason that I can't help myself from thinking while I am having my bets not working on the come out is that I leave a window for the 7 to appear so that it can go away for another 50 rolls. he he

The default seems to be that the odds on come bets are "off" and if you want them on you better say so and not wait to be asked. If you lay odds bets on the dark side, they are always working. My experience anyway.

I personally prefer the odds bets to be working but due to the noise don't like all the shouting to be heard.

My odds are always working and I tell the dealers that... and I often kick myself for having done it.

Quote: gambler

Let's suppose you make a come bet(s) and take full odds on it. The point is hit by the shooter. The dealer then asks you if your come bet(s) odds are working or off during the next come out roll(s).

Question: Does having your come bet(s) odds working or not working during the come out roll(s) make any difference in terms of expectation?

From the Wizardofodds.com:

"Turning the come odds off on a come out roll increases the combined house edge from 0.326% to 0.377% in a 5-times odds game, not counting returned odds bets as bets made. So if you want to maximize your return on resolved bets then keep those come odds turned on."

Since the expectation of an odds bet is zero, the expectation of making such a bet (i.e., letting it work) and the expectation of not making such a bet (i.e., calling it "off") are exactly the same. In other words, it doesn't matter.

The Wiz's explanation, which differs from mine, presumes that you will be betting X total dollars during your session, and that if you don't put the odds money in action, then that X is going to be composed of Pass Line/Come bets to a slightly greater degree. This is true, but I don't know of ANY player who says, "I'm going to make $X worth of bets and then quit."

Quote: gambler

Let's suppose you make a come bet(s) and take full odds on it. The point is hit by the shooter. The dealer then asks you if your come bet(s) odds are working or off during the next come out roll(s).

Question: Does having your come bet(s) odds working or not working during the come out roll(s) make any difference in terms of expectation?

To combine several prior answers, the EV of the odds bet is 0 whether it's working or not. Keeping them off during comeouts slightly increases your aggregate percentage expectation, but doesn't increase your dollar expectation at all. The EV of a $5 come bet is -7.07 cents regardless of the amount of your odds wager.

Quote: MathExtremist

To combine several prior answers, the EV of the odds bet is 0 whether it's working or not. Keeping them off during comeouts slightly increases your aggregate percentage expectation, but doesn't increase your dollar expectation at all. The EV of a $5 come bet is -7.07 cents regardless of the amount of your odds wager.

This is a quibble, but wouldn't keeping your odds bets off slightly DECREASE your aggregate percentage expectation? After all, keeping your odds off increases the proportion of your action that consists of Pass Line/Come bets.

Quote: mkl654321

This is a quibble, but wouldn't keeping your odds bets off slightly DECREASE your aggregate percentage expectation? After all, keeping your odds off increases the proportion of your action that consists of Pass Line/Come bets.

Sorry, I was looking at it from the standpoint of the house edge going up (increasing). The player's edge decreases, or becomes more negative. It's always confusing when you don't use numbers...