Originally Posted by jmill
Thanks guys, appreciate it.
I think there's a sometimes-overlooked semantic issue there, too. A lot of people say that you can "minimize" the house edge by betting pass and max odds, but that's not exactly correct. The house edge on your pass bet is the same, and you're just putting down more money on the side at even odds. So it's true that you get better odds on all your money combined, but the distinction makes a difference in a couple of ways: 1) many casinos won't count your odds bets toward the amount you gamble, as far as comps and such go, so they don't improve the amount of house edge you need to give to get x in return; and 2) If you do survival calculations and such, the extra money on odds obviously won't help you at all b/c they increase your volatility with no effect on your absolute expected value on each set. Of course, that can be neutralized by just playing a much smaller initial bet and max odds, but a lot of people seem to get that backwards, thinking that by putting more money on the odds they are somehow improving their initial bet, which is just wrong.