Crackaces
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Joined: 7/9/2011
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quote:
Not making undisciplined propostion or place bets does indeed reduce the house advantage but short of actual theft or the casino serving up $2000 a bottle cognac, they STILL make money on the scenario you [describe] (because of the "bar" numbers on the dark side bets..they collect the Come line bets on 2 or 12 without paying the Don't Come bettors). Essentialy you are describing a "zero-risk" table for the house.
Actually the Dark Siders get their bet back for "boxcars" on a Come out roll and not get paid 1-1, [Don't] Come out rolls of 2 & 3 are still paid .. With Odds Over time you are quite right that the house has a 1% - 2% advantage that comes from the Dark Side in our craps tours ... but do not tell the darksiders ..
quote:
Of course, they would rather everyone get drunk and and start betting like...well...drunks.
The object of the "the Official ADB Darkside Craps Crawl" (https://en.wikipedia.org/wiki/BARGE)
is to be the last person standing. Win at least a dollar, drink at least one drink, and move to the next casino downtown along Fremont Street. Early Players drop out due to getting so far behind they cannot win enough to get back positive, and later in the tour the ETOH takes its toll .. with a 1% house edge and most players risking about 1K given the house edge it equates to about $10 of risk per player for the group some do much better many do much worse due to variation [see below] However,....given bar rates for drinks . I would most certainly propose that much more than $10 per player on average is consumed ...we are not talking about $4K cognac but house well drinks ... 
However, winners have been obligated to share $4,000 cognac with the group ... 
quote:
The reduction in the house advantage is pretty sensitive to the maximum odds. On a $5 pass line bet backed with a maximum odds bet on a come out roll of 6, the house advantage goes from 5.5556% with 2x odds to 1.5152% with 10x odds and 0.1650% with 100x odds.
What does this really mean? If you play long enough the house advantage will eventually result in the player going broke. It should just take longer for the player to do so at a higher odds table. Jack Binion used to preach giving the players the best odds possible to prolong their entertainment. He knew he would eventually get all of their money, but they would come back because they got more entertainment than they would get at competing casinos with lower odds.
I might suggest that what this really means is a lot of variation to regress to the mean. To achieve 100X odds on a $5 bet means risking $500 on one come out roll/point or "7-out" to at most win 2-1 and at least 6-5 true odds. The average vacationer does not want to risk the wide variation it takes to eventually regress toward the mean of 0.1650% ... Thus the average Joe hits it big and then loses it thinking they are on roll.. or loses it .. this particular gimmick only works for the player if one is playing way under ones bankroll ..and for example 100x odds was not available for $0.25 craps ..
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"What gets us into trouble is not what we don't know. It's what we know for sure that just ain't so"
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RE: Wound my heart with a monotonous languor - 
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