1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Table Games Craps Place Bet Question

Discussion in 'Table Games' started by benbrownjr, Sep 6, 2015.

Thread Status:
Not open for further replies.
  1. Hobofrank

    Hobofrank Prime Minister of Idiocracy

    Joined:
    Jul 29, 2014
    Messages:
    3,233
    Location:
    Porter Ranch,CA
    Trips to Las Vegas:
    100
    Ben? You live less than 10 mins west of me...if you want to borrow some of my numerous craps books
    Just stop by
     
  2. DickTater

    DickTater Low-Roller

    Joined:
    Apr 20, 2015
    Messages:
    119
    Trips to Las Vegas:
    30
    That's because your initial bet is your unit. So the press is the one unit. If you had a $50 5, and it hit and you said press, the dealer would increase your bet $50 for a $100 bet and give you $20. That is why you double your first press. If it hits again, and again you press, the bet would go to $150 (one $50 unit). It is sometimes easier to think of the difference when talking about hardways.

    Now, a good dealer will know how you generally play. If you want to double your bet each time, it really won't matter what you say, he'll just do it. Mathematically, it doesn't make much sense to keep doubling your bet because eventually you're going to lose and you will not make much money, because almost all of your winnings stay on the table only to be inevitably lost. For example, let's focus on a single bet, starting with a single red chip. Say you have a $5 5. Obviously, to make money, you need to get more than $5 in your rack. So, say a 5 hits. You win $7. If you take your bet down, you get your $5 bet back plus $7 more, for a $7 profit. If, however, you press, you now have a $10 bet, and have only $2 in your rack. You are now down $3. If the 7 rolls, you have lost $3. But, if a 5 rolls, you will be paid $14.

    Now if you take the $14 and put it in your rack, you now have $16 in your rack. Plus you still have the $10 bet on the table. However, if you "press" again and bet another $5 unit, you will have $11 in your rack and a $15 bet. If the 5 hits again, you will be paid $21. So press again one unit, to take you to $20, and put $16 more in your rack, for a total of $27 after 3 wins. If you were to "parlay" or double your bet, you would have the same scenario after the first win, or $2 in your rack. Now, if you double (parlay) your $10 bet, then, out of your $14 winnings, $10 goes back onto the table giving you a $20 bet, and only $4 goes into your rack meaning you now have $6 in your rack, for a $1 profit, even though you have won twice. Now, at this point, you are behind where you would have been if you had just taken your money from the first win and put it in your rack ($7).

    But, let's say your $20 bet wins again. You get paid $28. But let's say you want to double (parlay) again. $20 more goes on your bet and you put $8 in your rack giving you a total of $14 in your rack. You have now won 3 times, yet you only have $14 in your rack. If you had just left your bet at $5, you would now have $21 in your rack (3 wins at $7). Or, if you had pressed one unit, you would have $27.

    All of this is a long way to show that when you say "press", it appears to be a double because it is on the first press. After that, the dealer is likely just taking your bet up one unit because, as demonstrated, it is almost impossible to make much money continually doubling your bets. You will not have much money in your rack, but you will have a lot on the table which you will lose when the 7 inevitably comes.
     
  3. shifter

    shifter Degenerate Gambler

    Joined:
    Sep 15, 2010
    Messages:
    10,096
    Location:
    At the tables
    Trips to Las Vegas:
    30
    Different dealers do it differently.

    Some when you say press will do one unit others will full press.
     
  4. benbrownjr

    benbrownjr Low-Roller

    Joined:
    Apr 6, 2013
    Messages:
    232
    Location:
    simi valley, ca
    Trips to Las Vegas:
    100
    I do want to thank everyone for there input on this. It does explain to me how I ended up with so much money on the table. When I was playing the shooter needed to hit the 8 but kept hitting 6 and I was pressing then collecting, when he made the point the come out role was then a 6 my bet got moved to the 8 and he kept hitting the 8 so at one time I had over $200 that I collected before pressing again (he 7'ed out). Since then I can never predict what number will be hit before the point my first goal is to recover the $26 or $27 I bet then all the money on the table is the casino's.
     
  5. chess

    chess VIP Whale

    Joined:
    Feb 22, 2011
    Messages:
    1,941
    Location:
    Maryland
    Trips to Las Vegas:
    11

    I am with shifter on this... you will go broke as a joke
     
  6. BigLouie

    BigLouie Low-Roller

    Joined:
    May 1, 2003
    Messages:
    139
    Location:
    Birmingham, AL
    Trips to Las Vegas:
    61
    Ben, you were saying you hope to get on a table with a good shooter in order to press to table limits. My friend, this would not be a good shooter. We're talking about an incredible shooter.
     
Tags:
Thread Status:
Not open for further replies.