Archives for April 2008
Dice setting or dice control
Another approach is to “set” the dice in a particular orientation, and then throw them in such a manner that they do not tumble randomly. The theory is that the dice will be more likely to show certain numbers. Unlike other systems, this one is mathematically plausible, because if it were possible to alter the […]
Gambler’s fallacy in Craps
Other systems depend on the gambler’s fallacy, which in craps terms is the belief that past dice rolls influence the probabilities of future dice rolls. For example, the gambler’s fallacy indicates that a craps player should bet on eleven if an eleven has not appeared or has appeared too often in the last 20 rolls.
In […]
Free Odds Basic Strategy
The free odds bets are continuation bets that you can make on pass/don’t pass & come/don’t come bets. These bets are paid at true odds and are the best bets available in the casino. Hence the player can reduce the casino edge by taking full odds on their pass/don’t pass & come/don’t come bets. The […]
Systems: Martingale system
No wagering system can consistently beat casino games of pure chance such as craps, but that does not stop hopeful gamblers believing in them. One of the best known systems is the Martingale System, in which the player starts by betting a given amount, for instance $1, and doubles his bet whenever he loses. Upon […]
Optimal betting
Since all bets have a house advantage, and a negative expected value, the optimal strategy is to be the house. Failing that, one can reduce one’s average hourly losses by only placing bets with the smallest house advantage.
The pass/don’t line, come/don’t line, place 6, place 8, buy 4 and buy 10 (only under the casino […]
Bet odds
Notes: Individual casinos may pay some of these bets at different odds than those listed below. The payoff odds listed are the most common throughout North American casinos. Actual odds do not vary.
Bet
Actual Odds
Odds Paid
House Edge
Pass / Come
251:244
1:1
1.41%
Don’t Pass / Don’t Come (Bar 12)
976:949
1:1
1.36%
Pass Odds / Come Odds
Same as paid
2:1 on 4 or 10
3:2 on 5 […]
Craps principle
In probability theory, the craps principle is a theorem about event probabilities under repeated iid trials. Let E and E2 denote two mutually exclusive events which might occur on a given trial. Then for each trial, the conditional probability that E1 occurs given that E1 or E2 occur is. The events E1 and E2 need […]
Craps
Craps is a casino dice game. Craps is a simplification of the Old English game hazard. Its origins are complex and may date to the Crusades, later being influenced by French gamblers. What was to become the modern American version of the game was brought to New Orleans by Bernard Xavier Philippe deMandeville, scion of […]
Gambling US granny wins $10 million on slot machine
NEW YORK — A five-cent slot machine in Atlantic City disgorged a 10-million-dollar windfall for an 84-year-old US grandmother who promptly received four marriage proposals, according to reports yesterday.
Josephine Crawford had lost 35 dollars in the machine and was down to the last of her modest stake money when she hit the jackpot on Tuesday […]
Standard deviation
The luck factor in a casino game is quantified using standard deviation (SD). The standard deviation of a simple game like Roulette can be calculated using the binomial distribution. In the binomial distribution, SD = sqrt (npq ), where n = number of rounds played, p = probability of winning, and q = probability of […]