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If you are a craps degen and have a massive bankroll, Riviera now has 1000x odds craps. Enjoy swings well into the six figures with a $5 minimum flat bet and $5000 max odds. I know this is a gimmick by Riv but at some point there will be a story about someone's massive win or fail taking a shot at it.
If you are a craps degen and have a massive bankroll, Riviera now has 1000x odds craps. Enjoy swings well into the six figures with a $5 minimum flat bet and $5000 max odds. I know this is a gimmick by Riv but at some point there will be a story about someone's massive win or fail taking a shot at it.
This isn't bad for the house really it just makes for larger swings doesn't reduce the house edge all
This is not true. One player bets $5 and takes no odds on his pass line bets ever. His house advantage is $.07 for every $5 bet, or 1.41%. A player taking the full 1000x odds is going to have $5005 wagered two out of three times as the other 1/3 of the time the wager wins or loses on the first roll. This means the 1000x bettor is betting $3338 on average and still only has a $.07 house advantage on his $3338 wager. This puts the house advantage somewhere near .00002%.
Maybe my math isn't perfect there (if it is wrong someone please tell me so I can do this right in the future) but there is certainly a drastic reduction in house advantage at a 1000x game if someone takes the full odds. The player taking no odds is giving up somewhere in the neighborhood of 700x more house advantage on a percentage basis than the full odds player. When the player taking no odds has wagered $3338 he has theoretically paid $46.73 in juice where the 1000x player has paid $.07.
Last edited by Pokeraddict; 02-20-2012 at 03:03 AM.
This is not true. One player bets $5 and takes no odds on his pass line bets ever. His house advantage is $.07 for every $5 bet, or 1.41%. A player taking the full 1000x odds is going to have $5005 wagered two out of three times as the other 1/3 of the time the wager wins or loses on the first roll. This means the 1000x bettor is betting $3338 on average and still only has a $.07 house advantage on his $3338 wager. This puts the house advantage somewhere near .00002%.
4 and 10: 4995 x2 = 9990 + the 5 on the line = $9995
5 and 9: 4995 x 3/2 = 7492 + the 5 on the line = $7497
6 and 8: 4995 x 6/5 = 5994 + the 5 on the line = $5999
And, if you come out with a 7 or 11 you win 5 bucks!
They're asking for someone to take a huge shot at them. Someone's going to drop a couple purples under a red chip on the odds bet. If the roll loses, they scoop up the odds before the bet is taken. If caught, they drunkenly apologize and drop 3 reds back on the felt.
4 and 10: 4995 x2 = 9990 + the 5 on the line = $9995
5 and 9: 4995 x 3/2 = 7492 + the 5 on the line = $7497
6 and 8: 4995 x 6/5 = 5994 + the 5 on the line = $5999
And, if you come out with a 7 or 11 you win 5 bucks!
Very thorough. Didn't forget to mention the 5 bucks with an exclamation! Awesome post.
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