Low variance craps strategy
Jul 16, · Variance: What Is It? they talk about a "high/low variance" bet, or even the game of craps, bet on a 3x/4x/5x odds craps table? As a strategy for a. The Five-Minute Craps Strategy. Want to learn one of the smartest bets in the casino in the next five minutes? All Craps Bets & Rules; Craps Strategy by CrapsPit; when the distribution variance produces the for playing craps is to keep the house advantage as low as.
Challenge: Low variance craps strategy
MathExtremist That's not a realistic condition. It all depends on the characteristics of your toss. I may have made a mistake by digging up an answer that was already available. Just look for the large betting area marked "Come. Maximizing EV with a promo means increasing the odds of meeting its criteria, and just making unhedged bets doesn't do that Winner 7 is rolled. I think "variance" has been an abused term, when it comes to craps.
I searched Google after posting my question. IOW, the old flip of the coin. So, a high variation bet is like those in the center? This is different I think than the understanding I posted, above, and different from the discussion kaysirtap linked me to.
From what do they vary? Falcon may be right: For example, even taking a slice of a sequence out of that grand scheme is a random act: Take your samples near, or far apart. Perhaps even overlapping one slice with another, even by one roll, alters the first slice, etc. As I say, I'm math illiterate. Probably shouldn't play craps to begin with. When goatcabin, the Wizard, et al. This is really an academic question. I just thought someone in this forum could give me a non-math explanation of variation.
Let me preface my post by saying I did not read the links posted in this thread and I would never claim to be a mathematical or craps expert or any kind of expert for that matter. From my understanding, and I may be WAY wrong, you are mixing two terms: In the coin toss example there is low variation because you can only have two outcomes: In craps, there is a lot of variation as you have 36 possible outcomes even though many of those have equal results Variance is when things do not go as they mathematically should.
For example going 36 rolls without a 7 when it should have hit 6 times This is variance from what is mathematically probable. Since all the math states that every bet will lose in the long run, variance is what every craps player wants. They are hoping the dice will roll in their favor instead of doing what the math says they should.
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Slipperytoad chooses to play at 1. This extends his TimeAtTable but denies him various Comps and winings. It is clearly not optimal but does it make a great enough difference to the bottom line?
August 8, at 1: Do you believe in winning craps systems? Do you think you can gain even a slight advantage over the casino using dice control or winning systems? If you want to truly learn all aspects of the game and have a legitimate chance of actually beating the casino, then you must learn to play casino craps in reality. Visit my site to read a free sample chapter from my new Ebook about the absurdity of dice control. Also, read the free informative articles at my site.
Do you want a legitimate chance of winning, or are you going to let your burning desire to beat the house take control of your common sense? Learn how to play casino craps the right way. And if it DID exist, it would still add zilch. Short term variance and pure luck can result in a win!
This thread was not about some sort of winning system, just a mathematical exploration of how to more optimally utilize various bankroll factors so as to maximize time at table. September 17, at 1: FoolsGold is correct when he says short term variance and pure luck can result in a win. But by influencing the outcome of the roll you can reduce both the volatility and the variance of the game.
September 17, at 5: It does, however, teach the math so you can easily learn and understand that the game is designed for you to lose. This eBook also challenges the silly notion that a player can affect the outcome of a craps decision by mastering dice control through dice setting. If the game is designed for players to lose, why do knowledgeable players bother with it? How do knowledgeable players learn the optimal mix of essential variables that allows them to walk away with a smile and money left in their pockets?
It seems to be a law of the gambling universe. So this is a good thing, right? The answer, as expected, is no. Instead of losing your pass line bet when a craps number is thrown, it becomes a point number. The probability of making a point of 2 or 12 is 1 in 7.
The probability of making a 3 or 11 is 1 in 4. Because you still only get even money for your pass line bet, the house edge for a pass line bet in crapless craps is 5. The house edge for a pass line bet in the standard game is 1. Now you know why casinos push crapless craps. Whether or not you have an advantage in craps is determined by your skill in controlling the dice.
The amount you can expect to earn because of your advantage not only depends on your skill, but also the bets you make at the craps table. In crapless craps, however, the house still has an edge of 0. Compared to the difference in pass line bets, the additional place bets on a crapless craps layout are even more heavily tilted to the house. Placing the 3 or 11 carries a house edge between 6. The 2 or 12 place bets make between 7. Based on this information, common sense dictates you should play the standard game.
But what if the regular tables are full or your spots are taken? What if crapless craps is the only game open? The GTC preferred betting method for random rollers is a pass line and one or two come bets with odds after the 5-count.
If you are a controlled shooter you want to minimize what you bet on random shooters and bet considerably more on your own rolls. With this in mind, a pass or come bet with double odds in standard craps has a 0. The same bet with double odds in crapless craps has a 2. What about betting on your own rolls? If you are a controlled thrower and you are throwing well , the GTC preferred method is to make place bets.