jeremiahj - 14 October 2011 04:41 PM
Instead of answering my question, everyone seemed to go on a pointless blabber about buy bets and vigs….
OK, I will try it again, very simple answer needed in a %%% form,
If I walk up to a craps table and say “Place the 4,5,9, and 10 for $5.00 each, and place the 6,8 for $6.00 each, what is the house % on this bet?
I am going to attempt to answer this in a sane and intelligent manner as a realistic craps player would -
You have $32 across -
Scenario #1 - The 7 is the next roll of the dice - PSO - What is the house edge / advantage on your $32 bet - $32 - or 100% -
Scenario #2 - A 2, 3 , 11 or 12 is the next roll of the dice - What is the house edge / advantage on your $32 bet - 0 -
Scenario #3 - The 4 or 10 is rolled on the next roll - You win $9 - your total at risk $ amount is now $23 - the house advantage / edge is now ( Math guys fill in the blanks here ) -
Scenario #4 - The 5 or 9 is rolled - OR the 6 or 8 eight is rolled - You win $7 - Your total at risk $ amount is now $25 -the house advantage / edge is now ( Math guys fill in the blanks here ) -
If you quit now while you are ahead the house advantage / edge is non-existant - it is in your favor -
However-
That is not the case - you are a ” player ” -
The longer that you stay and ” play ” supposedly - according to all the ” math guru’s ” you are going to lose a certain percentage of ALL of your overall wagers to the house -
Somebody has to pay for the electricity and the ” free ” booze and ” free ” room and ” free ” meals -
In the final analysis -
Ask yourself this question -
Does it really f*cking matter how much $ the house screws you out of -
The answer is ” How much $ can I screw them out of before they screw me or catch onto me !