Yes,making an odds bet does not change the house advantage on the
pass/don't pass bet specifically,but it does decrease the house advantage in terms
of total money bet and put you closer to playing an even game.
Without an odds bet you play at( 98.59% payback and lose 1.41% of all the
money you put on the table) with a 10X odds bet,it's now costing you the
same .14 cents for every $110 you bet,which is a much lower % of total money
bet.And therefore lowers the casino advantage against you.You are now
playing at 99.987% payback.And will lose .013% of all the money you put on the
table.
You could also compare playing $110 on the pass line and $10 on the pass
line with $100 odds.Now you're risking the same amount of money either
way,but playing at a higher payback rate with odds and losing a lower percentage
of your money.
We all know if you're playing a VP game with a 99.5 EV,that you will lose
.5% of all the money that you put into the machine.
If you can get away with it,the best thing to do is to find someone who's
making pass or don't pass bets with no odds and ask them if you can make the
odds bet.It has been done.Now you're playing an even game.
Marc
age dated 6/5/2009 9:03:36 P.M. Eastern Standard Time,
greeklandjohnny@aol.com writes:
— In _vpFREE@yahoogroups.vpF_ (mailto:vpF…@…com) , george
lee <glee4ever@.gl> wrote:
I haven't followed this thread closely and am too lazy togo to read past
posts. However, one way is to betpass and have a partner (must keep that
info away from thefloor person) bet don't pass for the same amount.
There still is a chance of a loss on the don't pass becauseeither a 2 or
12 is usually a push and so the pass bet willlose. Can cut those losses
by betting the 2 and 12 or thecraps.
Does this answer your question?
George, the original pass line bet has a house advantage of 1.41%.
Regardless of what else you bet, that particular wager has a house advantage of
1.41%. If you take 10 times odds, the 10 times odds bet has a 0 house
advantage but the original wager has a house edge of 1.41%.
Let's say you bet $10 on the pass line and your buddy bets $10 on the
don't pass line. You roll a 4. You now put up a $100 odds bet and your buddy
puts up a $200 odds bet on the don't. You each have an expected loss of
$0.14. If you don't take the odds bets, you each have an expected loss of $0.14
on those pass line and don't pass bets. If you each bet the field or no
craps , the pass line and don't pass line bets each have an expected loss of
$0.14. Making other bets doesn't change the odds of your initial pass line
bet.
You're not cutting the losses of the original bet. In the case of the 2
and 12, you are making a negative expectation bet that has a different
win/loss pay off than the odds bet but it does not 'cut the losses' of the
original bet.
Why should a casino care if 2 people make opposing pass line and don't
pass bets? Each one is playing a -1.41% bet. If 2 different people make those
bets, the house doesn't care. Why should it care if 2 friends do it? They
are both risking their money against the house edge. In fact, a casino
should encourage that behavior on any negative expectation wager. Bets with
match plays are a little different but same principal holds. A casino that
encourages you to play 2 match plays on the pass line but discourages you from
playing one match play on pass line and one on the don't pass line doesn't
really understand how match plays work. I am talking about cases where a
husband and wife each have a match play, not the cases where Joe hustler has
17,000 match plays and is trying to reduce his variance as much as
possible.
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···
--- On Fri, 6/5/09, Barry Glazer <b.glazer@..b> wrote: