roumin
• Posts: 18
Joined: Apr 7, 2017
November 24th, 2023 at 1:35:59 PM permalink
Can someone help me calculate the combined house for the following craps strategy. 1 unit on don't pass and 2 units hedge lay bet on 4 or 10 until point is established, then lay bet is taken down. I hope I explained it clearly/correctly.
FatGeezus
• Posts: 564
Joined: Jun 12, 2010
November 25th, 2023 at 9:41:30 AM permalink
Quote: roumin

Can someone help me calculate the combined house for the following craps strategy. 1 unit on don't pass and 2 units hedge lay bet on 4 or 10 until point is established, then lay bet is taken down. I hope I explained it clearly/correctly.

I can't help with the calculation but I think is what you are saying.

You bet \$100 on the Don't Pass and Lay the #4 for \$200 and Lay the #10 for \$200.

When a point is established you remove both the Lay #4 and Lay #10.
ThatDonGuy
• Posts: 6405
Joined: Jun 22, 2011
November 25th, 2023 at 10:44:13 AM permalink
I get an expected loss of 1/33 of a unit per bet.

I hesitate to use the term "house edge" here because house edge depends on what you count as the bet. This board has gotten into some serious arguments over how the term should be defined (usually with respect to Martingales).
If you use 5 as the bet, the HE is 0.61%.
However, this is deceptive, as you can't lose more than 3 in a single bet.
If you use 3 as the bet, the HE is 1.01%.
roumin
• Posts: 18
Joined: Apr 7, 2017
November 25th, 2023 at 1:23:35 PM permalink
\$200 lay bet on either 4 or 10 - not both
ThatDonGuy
• Posts: 6405
Joined: Jun 22, 2011
November 25th, 2023 at 1:55:37 PM permalink
Quote: roumin

\$200 lay bet on either 4 or 10 - not both