Asswhoopermcdaddy
Asswhoopermcdaddy
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November 20th, 2010 at 8:00:53 AM permalink
In online craps, starting with a $10 bankroll and betting $2.5 per wager, I was up to $80 after 1.5hrs of playing with the following statistics:

1.) bankroll never dropped below $10.
2.) ~ 4 rolls per minute = 240 rolls per hour
3.) max bankroll at one point was $100
4.) On no more than 5 occasions did I go $2.5 each across ($12.5) and on no more than 5 ocassions did I do the inside for $10
5.) When playing the inside or outside, I had passline $2.5 + 1X odds working.
6.) major losses in any roll was a painful $12.5 on 2 occasions.
7.) No odds taken on points of 4/10. 1X odds taken on the inside points.

Is this enough info to get some kind of feedback on how good this level of play was statistically speaking?

P.S. I did cash out =)
goatcabin
goatcabin
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November 20th, 2010 at 10:54:26 AM permalink
Quote: Asswhoopermcdaddy

In online craps, starting with a $10 bankroll and betting $2.5 per wager, I was up to $80 after 1.5hrs of playing with the following statistics:


4.) On no more than 5 occasions did I go $2.5 each across ($12.5) and on no more than 5 ocassions did I do the inside for $10



I don't know how online craps works, in terms of rounding, but what do you get paid for a $2.50 place bet on 6/8? The 7/6 payoff would be $2.9167. In a casino, you would be suffering "breakage". I assume that if you bet $3, you would get $3.50.

Quote: Asswhoopermcdaddy


5.) When playing the inside or outside, I had passline $2.5 + 1X odds working.
6.) major losses in any roll was a painful $12.5 on 2 occasions.
7.) No odds taken on points of 4/10. 1X odds taken on the inside points.



If you are willing to make place bets on 4/10, at 6.67% HA, why not take odds, at 0 HA?
For my money, place bets on the outside four numbers carry too much expected loss; I would rather put that money on odds, with no expected loss and roughly the same volatility.

Does that online casino pay off in quarters, i.e. $3.75 for $2.50 odds on 5/9?
Cheers,
Alan Shank
Woodland, CA
Cheers, Alan Shank "How's that for a squabble, Pugh?" Peter Boyle as Mister Moon in "Yellowbeard"
Asswhoopermcdaddy
Asswhoopermcdaddy
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November 20th, 2010 at 6:37:15 PM permalink
Hi Alan,

Payoffs are rounded down to the penny. As far as placing the 4/10, what I did was place them, when I had an inside number as a point. However, after hitting a place bet, I automatically began reducing my place bets. Same goes for when the point was 4 or 10. I reduced the place bets upon any win. To my recollection, in the instances that a 4 or 10 pt were established, I never was able to hit the point again. Hence my reluctance to take odds. I did occasionally lay the 4 or 10 for $5, and this produced mixed results. I mostly won on the 7 out. But I lost more when the point was inside and the 4/10 repeated itself after the come out roll.

I guess its just style. I have never had a good history of winning when taking odds on the 4/10. I think lifetime losses exceed wins on those points.
goatcabin
goatcabin
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November 21st, 2010 at 11:43:33 AM permalink
Quote: Asswhoopermcdaddy

Hi Alan,

Payoffs are rounded down to the penny.



So a $2.50 place 6 pays $2.91? That increases the HA from 1.515% to 1.636%.

Quote: Asswhoopermcdaddy

As far as placing the 4/10, what I did was place them, when I had an inside number as a point. However, after hitting a place bet, I automatically began reducing my place bets. Same goes for when the point was 4 or 10. I reduced the place bets upon any win. To my recollection, in the instances that a 4 or 10 pt were established, I never was able to hit the point again. Hence my reluctance to take odds.



I don't think it's a good idea to base your strategy on the results of a session, especially a small part of it like hitting/missing 4/10 points. The probability of winning a place bet on 4/10 is exactly the same as that of making a 4/10 point, but the payoff is better, 2:1 vs. 9:5.

Quote: Asswhoopermcdaddy

I did occasionally lay the 4 or 10 for $5, and this produced mixed results.



With payoffs to the penny, you can make the lay and buy bets without regard to the usual rounding considerations, i.e. having to bet at least $20 ($40) to not increase the HA. At the same time, it means you cannot take advantage of advantageous "rounding points".

Quote: Asswhoopermcdaddy

I guess its just style. I have never had a good history of winning when taking odds on the 4/10. I think lifetime losses exceed wins on those points.



I don't think it's just style. If you make 51 $2.50 place bets on 4/10, your expected loss is $8.50, compared to zero with odds bets on 4/10.
Cheers,
Alan Shank
Woodland, CA
Cheers, Alan Shank "How's that for a squabble, Pugh?" Peter Boyle as Mister Moon in "Yellowbeard"
98Clubs
98Clubs
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November 21st, 2010 at 8:00:52 PM permalink
My advice is to stay with multiples of 30c... like $1.50. Payouts are all in full quarters. For Live-action $3, because of certain round-up allowances on the odds bets.
Some people need to reimagine their thinking.
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