vikingsfanin04
vikingsfanin04
  • Threads: 1
  • Posts: 1
Joined: Jul 3, 2010
July 3rd, 2010 at 12:29:37 PM permalink
I was looking at ways to bet craps one night when i thought about a progressive system of bets on the 2 or 12 of a standard dice game that will pay 30 to 1 when it hits. I found that if a player where to play progressive bets either of these numbers starting at $1 and raising there bet by $1 for each losing roll up to a $59 dollar bet that as long as the number you were betting on in that time span (either 2 or 12) hit once a player would at least break even (59! = 1770 59*30= 1770 and could even walk away with a win of several hundred dollars depending on where in the progression the number was hit. Using this progression it would then seem that a player is getting up to 59 rolls to at least break even on a 36 to 1 shot. Is my logic right here or am i missing something someone please help me i would really like to try this sometime
7winner
7winner
  • Threads: 9
  • Posts: 198
Joined: May 31, 2010
July 3rd, 2010 at 1:35:12 PM permalink
Quote: vikingsfanin04

Using this progression it would then seem that a player is getting up to 59 rolls to at least break even on a 36 to 1 shot. Is my logic right here or am i missing something someone please help me i would really like to try this sometime


With a 1 in 36 shot of a 2 or 12 hitting (35 to 1 odds)
you still have an 18.97% or close to 1 in 5 of getting none or ZERO wins in 59 tries.

$1770 losing almost 20% of the time. Now that would be gambling.

sounds like a good simulation question for Wincraps to see your average and median win.

Let me know where and when you may try it out because I'd like to be there and root for ya!.
I had a friend back in the 80's that bet the 12 straight up all the time, not increasing his bet every roll like you purpose, but up enough to lock in a profit once the number hit, but one day he lost his bankroll, I forget how much, it was in the thousands it was, when the 12 disappeared for 229 rolls he claimed.
7 winner chicken dinner!
Nareed
Nareed
  • Threads: 373
  • Posts: 11413
Joined: Nov 11, 2009
July 3rd, 2010 at 3:12:17 PM permalink
Sounds like the latest re-discovery of the Martingale system.
Donald Trump is a fucking criminal
7winner
7winner
  • Threads: 9
  • Posts: 198
Joined: May 31, 2010
July 3rd, 2010 at 4:18:08 PM permalink
Quote: Nareed

Sounds like the latest re-discovery of the Martingale system.


Martingale system doubles up after a loss.

This idea goes up $1 after a loss for 59 rolls.
sure would be fun to watch someone try it on a real craps table.
7 winner chicken dinner!
Nareed
Nareed
  • Threads: 373
  • Posts: 11413
Joined: Nov 11, 2009
July 3rd, 2010 at 4:27:47 PM permalink
Quote: 7winner

Martingale system doubles up after a loss.



Oops! My mistake.

Sorry.
Donald Trump is a fucking criminal
Chuck
Chuck
  • Threads: 4
  • Posts: 112
Joined: Jun 11, 2010
July 3rd, 2010 at 4:34:23 PM permalink
I gotta admit I got fascinated by a modified Martingale proposed by Al-whats-his-name in the Casino City Times.

Bet the minimum on the come, as your come bets move to the numbers, whatever you have laid out on the numbers, bet an equal amount on the come. So on an 11. you push.

Eventually, and actually pretty fast, you reach the table max and can't put enough on the come to offset your numbers.

I might try it on my next trip, though.
cclub79
cclub79
  • Threads: 35
  • Posts: 1147
Joined: Dec 16, 2009
July 3rd, 2010 at 4:37:17 PM permalink
Quote: Chuck

I gotta admit I got fascinated by a modified Martingale proposed by Al-whats-his-name in the Casino City Times.

Bet the minimum on the come, as your come bets move to the numbers, whatever you have laid out on the numbers, bet an equal amount on the come. So on an 11. you push.

Eventually, and actually pretty fast, you reach the table max and can't put enough on the come to offset your numbers.

I might try it on my next trip, though.



You mean on a 7 you push? 11 would actually be sweet. 2/3/12 would be a dagger, though.
DJTeddyBear
DJTeddyBear
  • Threads: 210
  • Posts: 11060
Joined: Nov 2, 2009
July 4th, 2010 at 4:52:39 AM permalink
Back in November, I had the almost identical idea - except I used hard 6 and hard 8 bets.

Here's the link:

https://wizardofvegas.com/forum/gambling/betting-systems/316-craps-hardways-system/
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
seattledice
seattledice
  • Threads: 18
  • Posts: 171
Joined: Dec 3, 2009
July 4th, 2010 at 8:24:16 AM permalink
Quote: vikingsfanin04

I was looking at ways to bet craps one night when i thought about a progressive system of bets on the 2 or 12 of a standard dice game that will pay 30 to 1 when it hits. I found that if a player where to play progressive bets either of these numbers starting at $1 and raising there bet by $1 for each losing roll up to a $59 dollar bet that as long as the number you were betting on in that time span (either 2 or 12) hit once a player would at least break even (59! = 1770 59*30= 1770 and could even walk away with a win of several hundred dollars depending on where in the progression the number was hit. Using this progression it would then seem that a player is getting up to 59 rolls to at least break even on a 36 to 1 shot. Is my logic right here or am i missing something someone please help me i would really like to try this sometime



The math is right as far as it goes, but the notation is wrong - "59!" (59 factorial) is 59 * 58 * 57 * ... * 2 = 1.38683E+80. The compact notation for the sum of N from N=1 to N=59 is not reproducible (AFAIK) on this forum. Below is a table showing each of the 59 rolls, the total amount bet, win, and net win, but first a few points. (I welcome corrections if I've made any mistakes.)

As others have mentioned, the probability of at least 59 rolls without a 12 is (35/36)^59 = .1897, so you have a roughly 20% chance to lose $1770.

The most you can win is $435 at the 29th and 30th rolls. I can imagine the sinking feeling you would get after that point as your potential net win and bankroll gets smaller and smaller.

There is often a limit on prop bet payouts, so if you do end up trying this make sure you can get paid the $1770 before you start.

I have a book full of systems (I'm sure I'm not the only one on this forum with such a book.) It was one of the first books on craps I got, and I quickly started seeing the flaws -- I even thought of posting some of the systems so we could analyze / debate the merits. It's a strange book, because the author has moments of mathematical clarity where he says XYZ is a terrible bet, then goes on to show how you can use it as a hedge and WIN! He tends to neglect the effect of the losing outcomes. But I digress - this system is in this book, but it starts with 40 rolls without a 12 before you even start your progression. Even this, at least 99 rolls without a 12, has a probablity of (35/36)^99 = .0615 or just over 6%.

bet total bet win at 30:1 net win
1 1 30 29
2 3 60 57
3 6 90 84
4 10 120 110
5 15 150 135
6 21 180 159
7 28 210 182
8 36 240 204
9 45 270 225
10 55 300 245
11 66 330 264
12 78 360 282
13 91 390 299
14 105 420 315
15 120 450 330
16 136 480 344
17 153 510 357
18 171 540 369
19 190 570 380
20 210 600 390
21 231 630 399
22 253 660 407
23 276 690 414
24 300 720 420
25 325 750 425
26 351 780 429
27 378 810 432
28 406 840 434
29 435 870 435
30 465 900 435
31 496 930 434
32 528 960 432
33 561 990 429
34 595 1020 425
35 630 1050 420
36 666 1080 414
37 703 1110 407
38 741 1140 399
39 780 1170 390
40 820 1200 380
41 861 1230 369
42 903 1260 357
43 946 1290 344
44 990 1320 330
45 1035 1350 315
46 1081 1380 299
47 1128 1410 282
48 1176 1440 264
49 1225 1470 245
50 1275 1500 225
51 1326 1530 204
52 1378 1560 182
53 1431 1590 159
54 1485 1620 135
55 1540 1650 110
56 1596 1680 84
57 1653 1710 57
58 1711 1740 29
59 1770 1770 0
matilda
matilda
  • Threads: 3
  • Posts: 317
Joined: Feb 4, 2010
July 4th, 2010 at 9:17:00 AM permalink
Would you use this system on roulette? After all roulette has 36 numbers and 1/36 probability of win,ignoring 0 and/or 00. It is the same bet you are suggesting. However the House Edge in roulette is, counting 0 and 00, 5.26% and the HE on your bet is 13.889%. Switching to roulette will save you some money.
AZDuffman
AZDuffman
  • Threads: 243
  • Posts: 14439
Joined: Nov 2, 2009
July 4th, 2010 at 9:51:24 AM permalink
Quote: 7winner

Martingale system doubles up after a loss.

This idea goes up $1 after a loss for 59 rolls.
sure would be fun to watch someone try it on a real craps table.



Yes, fun for the shift manager who's bonus is based on prop action........
All animals are equal, but some are more equal than others
7winner
7winner
  • Threads: 9
  • Posts: 198
Joined: May 31, 2010
July 4th, 2010 at 11:12:19 AM permalink
Quote: seattledice

The most you can win is $435 at the 29th and 30th rolls. I can imagine the sinking feeling you would get after that point as your potential net win and bankroll gets smaller and smaller.


seattledice is exactly correct with exactly one win during the 59 rolls.

One also has a 49.04% chance of winning 2 or more times and a
22.54% chance of winning 3 or more times during those same 59 rolls.

So now one can build excitement into those 59 rolls. After winning once do you keep going for a chance of 2 wins.

I call that gambling!

My Wincraps simulation of only 100 trials I hit 5 12s once for a nice profit. I still need to learn how to setup the stats in Wincraps better, like member goatcabin does, so I can post results.

enjoy!
7 winner chicken dinner!
cclub79
cclub79
  • Threads: 35
  • Posts: 1147
Joined: Dec 16, 2009
July 4th, 2010 at 12:10:35 PM permalink
Quote: matilda

Would you use this system on roulette? After all roulette has 36 numbers and 1/36 probability of win,ignoring 0 and/or 00. It is the same bet you are suggesting. However the House Edge in roulette is, counting 0 and 00, 5.26% and the HE on your bet is 13.889%. Switching to roulette will save you some money.



Might have to start with a higher bet to try it with Roulette though. You probably can't just bet $1 on a number alone, but at least in Craps you could probably just put 5 bucks on the line that would last more than one roll most times, and have a low house edge anyway. Still, I don't like this system because you are going to end up with some heavy coin on a high house edge bet eventually, or you are going to win early and not net as much.
goatcabin
goatcabin
  • Threads: 4
  • Posts: 665
Joined: Feb 13, 2010
July 4th, 2010 at 6:31:29 PM permalink
Quote: 7winner


My Wincraps simulation of only 100 trials I hit 5 12s once for a nice profit. I still need to learn how to setup the stats in Wincraps better, like member goatcabin does, so I can post results.

enjoy!



A hundred trials tells you nothing, really.

The "secret" to using the built-in stats functions in Wincraps is to set up sessions in your auto-bet file, then run 10,000 or so of them and go to the Statistics/Games Log screen. It will show you all kinds of great info, including graphs of each parameter. See below:


When . . .
The # of rolls in the game are not less than 200
Next roll is a come-out roll
or when . . .
Bankroll is less than $ [fill in]
then . . .
Add $ 1 to Chip-Stack # 7
Reset table (preserve Chip-Stacks)

When . . .
Chip-Stack # 7 is equal to $ 10000
then . . .
Stop Auto-Rolling / Hyper-Drive

This snippet is taken from an auto-bet file that makes passline bets. Once the number of rolls gets to 200, you don't make any more bets; then, when the last bet is resolved, the 1st stopping condition will be met. You use a chip-stack to count the number of sessions completed to create the ending condition for the whole series.

You can use a number of bets instead of a number of rolls; you can use a win goal as a stopping condition (bankroll is greater than [ }), etc., etc.

If you have more questions, ask them. I also have no objection to sharing auto-bet files.
Cheers,
Alan Shank
Cheers, Alan Shank "How's that for a squabble, Pugh?" Peter Boyle as Mister Moon in "Yellowbeard"
7winner
7winner
  • Threads: 9
  • Posts: 198
Joined: May 31, 2010
July 4th, 2010 at 9:09:13 PM permalink
Quote: goatcabin

You can use a number of bets instead of a number of rolls; you can use a win goal as a stopping condition (bankroll is greater than [ }), etc., etc.

If you have more questions, ask them. I also have no objection to sharing auto-bet files.
Cheers,
Alan Shank



Thank you for your reply, Alan.
Just the little auto-bet file has helped bigtime!
7 winner chicken dinner!
  • Jump to: