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Table Games 100x odds and house edge in craps

Discussion in 'Table Games' started by VegasSchemer, Apr 25, 2015.

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  1. VegasSchemer

    VegasSchemer Low-Roller

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    Hey guys,

    I don't play craps and haven't been able to find the answer to this question:

    I notice casinos will offer different odds. Correct if me I'm wrong but laying 100x odds at Casino Royale means I'd lay $500 behind a $5 pass bet. What is the house edge on that bet? Seems like it'd be amazingly low, unless I misunderstand something.
     
  2. Brewfangrb

    Brewfangrb Low-Roller

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    The combined house edge for a resolved bet is .021% (essentially 0). But the volatility is extraordinarily high.
     
  3. shifter

    shifter Degenerate Gambler

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    not really any higher than a $100 place bet with 3-4-5 odds....
     
    Last edited: Apr 25, 2015
  4. DickTater

    DickTater Low-Roller

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    According to the Wizard of Odds (the guru of casino math) the house edge on a pass with 100X odds is 0.00021. In percentage terms that is .021% or about 2/100s of 0ne percent. A bet with 3-4-5X odds is 0.00374 which, in percentage terms is .374% or about 4/10s of one percent.
     
  5. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    yep except you'd be at Casino Royale!
    plus people here say it's only at one table (mini tub if I recall) and the dealers are very cranky
     
  6. buckeyestud

    buckeyestud Low-Roller

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    But that $5 pass line bet will get you a host as its probably 5x avg bet on that property..
     
  7. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    Lol yes you'd be a a whale
     
  8. BlacklabberMike

    BlacklabberMike VIP Whale

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    i was there in september. that tub is long gone, but was the scene of one of my female friends rolling for 47 minutes... #hugeracksfullofchips...


    dealers can be a little testy if you're a bit slow as they are really fast.

    on my 50th birthday i waited for the dice.... "point is 6"
    take out the 5 benjamins and put it behind the line.... and bet a quarter hard 6.
    about 4 rolls later 3/3

    when i went to cash out later, the cage asked me where i got the barneys...told her and she called the pit and i could see the critter nodding yes.
    that was the only time i took the 100x
     
  9. Champster1

    Champster1 High-Roller

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    Congrats. Way to hit it and get it (out of there). I love me some hardways!!!
     
    March Madness...here I come !!
  10. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    are Barneys the same as yellowjackets? ($1K)
     
  11. BlacklabberMike

    BlacklabberMike VIP Whale

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    you know better than that...big bird is a yellar
     
  12. shifter

    shifter Degenerate Gambler

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    Barney is the purple dinosaur....
     
  13. Big Tip

    Big Tip VIP Whale

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    Yes, 100X odds is virtually a 50/50 bet.
    BUT, it's still ONLY a 50/50 bet. Just like flipping a coin.
    Would you flip coins with anyone for $500 a pop?
     
  14. mrem3200

    mrem3200 High-Roller

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    This. Sure it is good odds but not what anyone can/will really bet with any regularity.
     
  15. shifter

    shifter Degenerate Gambler

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    Says who?
     
  16. mrem3200

    mrem3200 High-Roller

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    Says me. That's just what I think, and I may be 100% wrong. Am I? I have never seen it but then again I have not been many places other than Casino Royale that offer it.
     
  17. mganut

    mganut High-Roller

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    Usually because the attitudes of the dealers there will drive you out of the place...certainly not the friendliest crew on the strip!
     
  18. FullBoat

    FullBoat VIP Whale

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    I don't think people would bet the 100x all the time. But, with a hot shooter, it's nice to up it past the 5x that most strip places have.
     
  19. yoyoseven

    yoyoseven Low-Roller

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    When I first started visiting Las Vegas regularly (in the early 90's) Sam's Town and Binion's both offered 100x odds. After a couple of years, Sam's Town reduced the max to 20x. I asked a dealer why they had cut it back, and she told me that just a few weeks prior, a group of heavy hitters was in town and hit them pretty hard (probably enough to affect their quarterly earnings report). So, clearly there are some who are willing to bet big with regularity. Look at it this way - if a player is willing to play $100 flat and back it with $500 odds, which wouldn't be at all shocking at WynnCore, why would they not want to play where they can get that $500 odds bet down with only a $5 flat bet? (Ambience aside).

    The max I've ever played is 20x (after a couple of presses), but would have gone higher on a couple of monster rolls if it were allowed.
     
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