weaselman
weaselman
Joined: Jul 11, 2010
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September 24th, 2010 at 4:19:51 AM permalink
Quote: MathExtremist

It is, but it only pays 6-1 (or 7 for 1) which is equivalent to 35 for 5.



Wow! So they make you pay for convenience of putting one stack of chips instead of five? :) That's really smart!
Next time I am in a casino, I am going to watch for how many people are actually betting on it. I just love this kind of unorthodox business logic, that defies common sense so much that there is no way in hell it could work ... yet it does :)
"When two people always agree one of them is unnecessary"
MathExtremist
MathExtremist
Joined: Aug 31, 2010
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September 24th, 2010 at 7:43:41 AM permalink
Quote: weaselman

Wow! So they make you pay for convenience of putting one stack of chips instead of five? :) That's really smart!
Next time I am in a casino, I am going to watch for how many people are actually betting on it. I just love this kind of unorthodox business logic, that defies common sense so much that there is no way in hell it could work ... yet it does :)


I don't think it was planned that way. It's just that the topmost street in American roulette covers 5 numbers - 0, 00, 1, 2, 3, instead of just 4 in single-zero roulette. 5 doesn't divide into 36 evenly so the casino rounded down. The "same edge as everything else" payout would be 6.2 to 1. Though it would be nice if the casino didn't take breakage on stacks of 5 or multiples thereof. There's no reason (other than dealer training and a slight dip in hold) they couldn't pay 36 for 5 on that bet if you actually bet 5.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
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September 24th, 2010 at 9:48:50 AM permalink
Quote: weaselman

Wow! So they make you pay for convenience of putting one stack of chips instead of five? :) That's really smart!
Next time I am in a casino, I am going to watch for how many people are actually betting on it. I just love this kind of unorthodox business logic, that defies common sense so much that there is no way in hell it could work ... yet it does :)



There are similar such sets of bets in craps, where just moving the chips to another bet wins on the same event, but at better odds. For example the big 6/8, place 6/8, and buy 6/8 are all bets that 6/8 will be rolled before a 7, but all have different odds (7 to 6 on the place bets, 23 to 21 on the buy bets, and 1 to 1 on the "big" bets). Same with the "any 7" bet, which pays 4 to 1. You could get 13 to 3 by dividing the bet evenly between the 1-6, 2-5, and 3-4 easy hops, assuming the usual 15 to 1 odds.
It's not whether you win or lose; it's whether or not you had a good bet.
Keyser
Keyser
Joined: Apr 16, 2010
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September 24th, 2010 at 11:44:14 AM permalink
Quote: Scotty81

The Gambler with 15 years experience. But, only if they're an AP.



The Gambler with 15 years experience and a degree, but only f they're an AP player.
mrjjj
mrjjj
Joined: Sep 4, 2010
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September 24th, 2010 at 4:18:31 PM permalink
Quote: Keyser

The Gambler with 15 years experience and a degree, but only f they're an AP player.



How the heck are you suppose to win with gamblers fallacy (AP)? lol Ken
thecesspit
thecesspit
Joined: Apr 19, 2010
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September 24th, 2010 at 5:59:29 PM permalink
Advantage Play is not the gambler's fallacy.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
Keyser
Keyser
Joined: Apr 16, 2010
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September 24th, 2010 at 8:36:20 PM permalink
Mr. Jjj,

Advantage Play is not the gambler's fallacy.

If you don't understand the difference between the two, then you should visit the wizardofodds.com website.

-Keyser
mkl654321
mkl654321
Joined: Aug 8, 2010
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September 24th, 2010 at 8:45:15 PM permalink
Quote: Keyser

Mr. Jjj,

Advantage Play is not the gambler's fallacy.

If you don't understand the difference between the two, then you should visit the wizardofodds.com website.

-Keyser



But he did say "lol". Lol.
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
mrjjj
mrjjj
Joined: Sep 4, 2010
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September 24th, 2010 at 10:12:26 PM permalink
Quote: mkl654321

But he did say "lol". Lol.

WRONG...it is very much gamblers fallacy. Most know this and the ones who dont, are in denial. lol Ken
chook
chook
Joined: Jul 5, 2010
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September 24th, 2010 at 11:24:23 PM permalink
You won't get the best of this man (MRJJJ).
He is the current World and Olympic champion in all disciplines associated with internet forum ascendancy.
No amount of vitriol, coercion or praise will deter him from his cause.
He has more stamina than the Albanian Laughing Goose.
You can't trust a dog to mind your food.

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