House Edge Calculation - Beat the Dealer Craps Variation

Recently saw this variation of Beat the Dealer craps game being played at a charity event. I tried calculating the house edge from scratch on my own but I fear I can't figure it out. If anyone could give this a crack I would appreciate it. The rules below represent the entire game and all bets and pays.

Rules:
The Players place their bets on the pass line.
The Dealer rolls for his point.
If the Player's bet is on the pass line and the Dealer rolls a 7 or 11 you win even money 1 to 1.
If the Dealer rolls a 2, 3, or 12 you lose.
If the Dealer rolls any of the following numbers - 4, 5, 6, 8, 9, or 10 - that number becomes the Point.
Players each take a turn rolling the dice.
If a player rolls a number less than point, nothing happens. All bets remain and dice pass to the next player.
If a player rolls the Point, all bets push.
If a player rolls a greater number than the Point all players get paid even money 1 to 1.
When a Player beats the Dealer's Point by rolling doubles - all Players win 3 to 1.

I don't understand what you mean by "players each take a turn rolling the dice." Shouldn't the bet be resolved after one player rolls? Either (a) it's higher than the point and it's doubles, which pays 3-1, (b) it's higher than the point but not doubles, which pays even money, (c) it matches the point, which is a push, or (d) it's lower than the point, and all bets lose (I assume - this isn't specified).

Updating: You lose on a roll lower than point.

Quote: sigmasix

You don't lose on a roll lower than point. The game doesn't end until point is rolled ( push ), player rolls higher than point (win even money) or player rolls higher than point with a double (win 3 to 1). Losing on a roll lower than point isn't one of the listed rules. I can see where that might be assumed. Updating original post to clarify.

As you list the rules, this game has a high player edge.

Come out roll, 8 ways to win 1:1, 4 ways to lose, 24 rolls continue.

On continuation, the house never wins. There is either no action (lower), point hit (push), point beaten (win 1:1), or point beaten w/doubles (win 3:1). This game has to have some insane player edge under those rules of perhaps 90%or better. What am I misunderstanding, or you not telling us?

The way the rules are currently written, it's a large edge to the player. No charity game should be following these rules.

Quote: beachbumbabs

As you list the rules, this game has a high player edge.

Come out roll, 8 ways to win 1:1, 4 ways to lose, 24 rolls continue.

On continuation, the house never wins. There is either no action (lower), point hit (push), point beaten (win 1:1), or point beaten w/doubles (win 3:1). This game has to have some insane player edge under those rules of perhaps 90%or better. What am I misunderstanding, or you not telling us?

Here we go, players lose on rolls less than point. I verified with another player. Dealer was screwing around letting people continue rolling. This was charity / donate all your chip winnings back sorta deal, so it didn't matter. Sorry for the confusion.

Quote: sigmasix

Here we go, players lose on rolls less than point. I verified with another player. Dealer was screwing around letting people continue rolling. This was charity / donate all your chip winnings back sorta deal, so it didn't matter. Sorry for the confusion.

I get a player edge of just under 21% - more precisely, 17/81.

Quote: ThatDonGuy

I get a player edge of just under 21% - more precisely, 17/81.

Me, too.

Comeout	Prob.	EV
2	0.02778	-1
3	0.05556	-1
4	0.08333	0.97222
5	0.11111	0.77778
6	0.13889	0.47222
7	0.16667	1
8	0.13889	-0.19444
9	0.11111	-0.44444
10	0.08333	-0.69444
11	0.05556	1
12	0.02778	-1
	Player edge =	20.988%

Quote: sigmasix

Recently saw this variation of Beat the Dealer craps game being played at a charity event. I tried calculating the house edge from scratch on my own but I fear I can't figure it out.
If anyone could give this a crack I would appreciate it.

i say
easy to crack
in Excel, now in Google

https://goo.gl/xoCvmC

I too get a player edge of 17/81 and when the 3 to 1 win is dropped to 1 to 1
the point round is now fair
so the player edge without 3 to 1 is 2/9
<<< >>>
never have I seen the 3 to 1 thing
but I have seen the game played where each player rolls the dice one time
and their roll only determines the outcome for them.

guess anything can happen at a charity event

like a BlackJack pays 2 to 1 is very popular
at the casino night events I have been too
cuz it is easy for the dealer

Sally

Thanks so much for the excel spreadsheet. I can see where I went wrong in my own calculations. Truly this was very kind of you and I appreciate the effort so very much.

Thanks much sir for the information, it was very informative.

Thanks so much for the information, it was very helpful and informative indeed.

Thank you sir.