In this discussion, the rest of the table bets are sucker bets.
Let us consider a Pass Line bet or a Don't Pass Line bet to be an investment. You are investing a certain amount of money on an outcome that contains some risk. This investment is called a bet. It is said that it takes two minutes to determine the outcome of a bet at a craps table. According to this reasoning, it takes 72 minutes to sample 36 outcomes of the toss of a pair of dice. Probability predicts that a 7, 11, 2, 3, and a 12 will be thrown 12 times out of 36 throws of the dice.
If one of these numbers are not thrown on the toss of a pair of dice, then probability theory predicts that a 10, 4, 9, 5, 6, and an 8 will be thrown 24 times out of 36 throws of the dice. Before you make an investment, you need to determine how much money you can expect to make on your investment. Do you want a 20 percent return on your investment or a 50 percent return on your investment. If you walk into a Casino with a thousand dollar investment in your pocket and are willing to set a limit of loss of one thousand dollars on your investment and a 200 limit of gain on your investment, you can probably walk away from the table in less than an hour worth of time a winner. If you want to make a thousand dollars from your investment, you will be there all day and all night. I am not telling you that making a 1000 dollars from your investment of 1000 dollars is impossible, I can saying that it is improbable. If the odds are skewed 2% after 500 hands of craps, you will be in the range of making a 1000 dollar return on your investment. The larger the population sample, the closer the sample population comes to true odds. If you have a thousand dollars to back up your investment, you can take this down to the near bottom of the pile and then see the table turn in your favor enough to walk away a winner. If you set you goals too high, your $200 gain can turn into a loss that will take a couple of hours at the table to recoup your loss on your investment.
All the books say that Don't Pass Line Betters has better odds against the Casino than the Pass Line Better. This writer is saying that the Don't Pass Line Better has 50:50 odds against the Casino as a Don't Pass Line better. When the odds are even, you can suffer a loss and the watch the odds pull back in your favor to make you a winner. All it takes is a cash reserve and a willingness to make a larger than normal odds/lay bet after the point has been made.
The minimum bet in most major casinos in Las Vegas in $10. In most major casinos there is a limit on the amount of the free odds bet or the lay bet. 3X4X6X is a common limit on the free odds bet. In this casino configuration, a minimum $10 bet can only be increased to a $60 lay bet on all points. You need a thousand dollars of investment in order to make 10-60 dollar bets at a craps table. At this level, the action is pretty fast if you only want to walk away with 200-300 dollars. Expect at least an half hour to two hours worth of play to make you a winner. You have a one in four chance of running into a shooter's table where the odds are running in favor of the shooter and not the house. To tell you the truth, it is not very easy to determine where the table is trending. You can either limit your loses or stick with the DON"T PASS game plan and expect the odds to shift back to the DON"T side of the table. You limit your loses by not laying odds. In Las Vegas, the Don't Pass players withdraw from the table if they think that the table is trending in favor of the shooter. They keep their position on the table, but don't place any bets. When they think that the table has normalized, they put their chips back on the table and place bets. Whatever position makes you feel comfortable.
Taking a look at the odds as a Pass Line player and a Don't Pass Line player.
It is generally conceded in the Las Vegas Casinos that the odds against a Pass Line player is around 1.4%. As a Pass Line Player you have a collective odds of 8:4 working in your favor on the come out roll. If you have 8 possible events (Seven or Eleven) working in your favor and four events (CRAPS) working against you of 36 possible events, the net advantage is 4 of 36 possible events--or a 11.1111% advantage on the come out roll. Once a point has been established, the Pass Line player has approximately 14 events working against him and approximately 9 events working in his/her favor for a net disadvantage of 4.8/36 or 13.3333% disadvantage against the house. When you subtract you percentage advantage (11.1111%) from your disadvantage (13.3333%), your net disadvantage is 2.2222%. On a Pass Line bet, the casino will take 2.2222% of all bets placed on the Pass Line.
When you switch sides to the Don't Pass Line, the only difference in the odds and the situation is the TWELVE is taken out of play for the Don't Pass Line bettor. The Don't Pass Line bettor has a 8:3 disadvantage against the Casino on the Come Out Roll, but gains the 13.3333% advantage against the shooter once the point has been made. Since the TWELVE is a null event, the outcomes for the Don't Pass Line Player has only 35 possible events of the throw of the dice. (4.8/35) -(5/35) = -.029%. This statistical amount is statistically insignificant as it affects the Don't Pass Line Player in a casino environment.
If you bring a calculator into a casino in Las Vegas, the Nevada Gaming Commission has determined that this devise can be used to calculate odds on the random outcome of the toss of a pair of dice. You can be evicted from a casino for bringing an event counter into a casino area as this devise (according to the Nevada Gaming Commission) can be used to calculate the odds of a random event.
Hundreds of Millions of dollars are lost at the craps table of Las Vegas because the casino mobs in Las Vegas do not want you to read the odds of a random event. You have just been told that you have odds of 4:1 in your favor of walking away from the craps table with $200+ of winnings if you have $1000 dollar to invest in the outcome. You do not have to go to Las Vegas to see how this system works. If you want random odds, get a pair of casino dice and some blank casino chips and toss the dice in a simulated Casino environment. I used to drape a fine wool Tibetan carpet against a cooler and toss the dice into the carpet to get the casino feel for the outcome of a real craps game. The strategy works using computer craps software as well. The chips stack up when you make 60 or 30 dollar lay bets. It is important to set a $200-300 dollar limit as to your maximum gain at a table. If you want to gamble some more, go to another casino and make a play for their money. The strategy is so good, it is almost a SIN.
Welcome to Las Vegas!
If you want to take down the house and make $1000 from the Casino, the odds are actually skewed in favor of the Pass Line Better in the range of 1.85% to 2.50% against the shooter making the point once the point has been established. But that is another blog post altogether. This blog will discuss playing both sides of the bettor fence. At the game of craps, there is about 1 chance in 8 of running into a HOT, HOT craps table where the shooter cannot lose. This table can take you over the top.
Odds
The percentage odds of throwing a SEVEN from a pair of dice is 1/6 (16.6666%). In Las Vegas they say the event to non-event odds are 1:5 (for) or 5:1 (against). Expressed in another way, the odds are high a seven will be rolled at some time after six rolls of the dice. When you sum up all the probabilities of consecutively throwing a SEVEN six times in a row, you approach the limit of the probability of throwing a Seven from the toss of the dice. This limit is 20.0000%. Thus the odds of throwing a seven on the upper limit is 4:1 and the odds of throwing a seven on the lower limit is 5:1. The Casinos pay free odds and place bet odds on the lower limit, which favor the casinos and the DON'T PASS LINE bettor. If the odds of throwing a SIX or a EIGHT is skewed to the right, this favors the PASS LINE BETTOR. If the odds of throwing a TEN or a FOUR is skewed to the left, this defeats the PASS LINE bettor and praises the DON'T PASS LINE bettor. It is my experience that the odds of throwing a NINE or a SIX is neutral--not skewed in any direction.
If the odds of throwing a SEVEN is skewed, this will favor the PASS LINE Better on the come out roll, but this event only affects the outcome of the total bet about 1/3 of the time. If you ran a computer simulated game of craps out to a million hands, you would probably find out that the skew of the dice gives the Casinos a 1% advantage over the shooter that doesn't show up in the current school of dice odds and probability. If you go to the Casinos in Las Vegas, most solicit odds on the TEN and the FOUR from their customers once the TEN or the FOURhas been established as the POINT. I told a customer at Bellagio that doubling the free odds bet on a TEN point was a bad bet, and one of the boxmen called security on me--a non-event at the screaming employee time. The Nevada Gaming Commission should outlaw bet solicitation by Casino owners and employees, but gaming in Nevada is BIG LIFE AND DEATH RESURRECTION Business in Las Vegas. The Luxor Hotel makes millions from the performance of god at their hotel. If eight Bellagio employees get killed during a god performance there, nobody needs to mind as long as the casino show keeps going on.
If you bring a calculator into a casino in Las Vegas, the Nevada Gaming Commission has determined that this devise can be used to calculate odds on the random outcome of the toss of a pair of dice. You can be evicted from a casino for bringing an event counter into a casino area as this devise (according to the Nevada Gaming Commission) can be used to calculate the odds of a random event.
Hundreds of Millions of dollars are lost at the craps table of Las Vegas because the casino mobs in Las Vegas do not want you to read the odds of a random event. You have just been told that you have odds of 4:1 in your favor of walking away from the craps table with $200+ of winnings if you have $1000 dollar to invest in the outcome. You do not have to go to Las Vegas to see how this system works. If you want random odds, get a pair of casino dice and some blank casino chips and toss the dice in a simulated Casino environment. I used to drape a fine wool Tibetan carpet against a cooler and toss the dice into the carpet to get the casino feel for the outcome of a real craps game. The strategy works using computer craps software as well. The chips stack up when you make 60 or 30 dollar lay bets. It is important to set a $200-300 dollar limit as to your maximum gain at a table. If you want to gamble some more, go to another casino and make a play for their money. The strategy is so good, it is almost a SIN.
Welcome to Las Vegas!
If you want to take down the house and make $1000 from the Casino, the odds are actually skewed in favor of the Pass Line Better in the range of 1.85% to 2.50% against the shooter making the point once the point has been established. But that is another blog post altogether. This blog will discuss playing both sides of the bettor fence. At the game of craps, there is about 1 chance in 8 of running into a HOT, HOT craps table where the shooter cannot lose. This table can take you over the top.
Odds
The percentage odds of throwing a SEVEN from a pair of dice is 1/6 (16.6666%). In Las Vegas they say the event to non-event odds are 1:5 (for) or 5:1 (against). Expressed in another way, the odds are high a seven will be rolled at some time after six rolls of the dice. When you sum up all the probabilities of consecutively throwing a SEVEN six times in a row, you approach the limit of the probability of throwing a Seven from the toss of the dice. This limit is 20.0000%. Thus the odds of throwing a seven on the upper limit is 4:1 and the odds of throwing a seven on the lower limit is 5:1. The Casinos pay free odds and place bet odds on the lower limit, which favor the casinos and the DON'T PASS LINE bettor. If the odds of throwing a SIX or a EIGHT is skewed to the right, this favors the PASS LINE BETTOR. If the odds of throwing a TEN or a FOUR is skewed to the left, this defeats the PASS LINE bettor and praises the DON'T PASS LINE bettor. It is my experience that the odds of throwing a NINE or a SIX is neutral--not skewed in any direction.
If the odds of throwing a SEVEN is skewed, this will favor the PASS LINE Better on the come out roll, but this event only affects the outcome of the total bet about 1/3 of the time. If you ran a computer simulated game of craps out to a million hands, you would probably find out that the skew of the dice gives the Casinos a 1% advantage over the shooter that doesn't show up in the current school of dice odds and probability. If you go to the Casinos in Las Vegas, most solicit odds on the TEN and the FOUR from their customers once the TEN or the FOURhas been established as the POINT. I told a customer at Bellagio that doubling the free odds bet on a TEN point was a bad bet, and one of the boxmen called security on me--a non-event at the screaming employee time. The Nevada Gaming Commission should outlaw bet solicitation by Casino owners and employees, but gaming in Nevada is BIG LIFE AND DEATH RESURRECTION Business in Las Vegas. The Luxor Hotel makes millions from the performance of god at their hotel. If eight Bellagio employees get killed during a god performance there, nobody needs to mind as long as the casino show keeps going on.
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