Originally Posted by NewOldGuy
Since this was bumped, I hope somewhere in there somebody corrected the fallacy being put forth in the thread that taking the odds is an advantageous play. It is not. Lowering the blended house edge just to win/lose the exact same amount of money (EV stays the same), while putting a greater BR fraction at risk on the bet, is not an advantage. Taking the odds is just more action, that's all. Your expected loss is the same taking it or not taking it.
Obviously. But OTOH:
1) Taking odds gives you action at a cost of $0. If you don't want action, why are you in a casino?
2) It's the least disadvantageous bet in town.
3) You'll gain respect from discerning observers (dealers, women) who will see that you are above-average in intelligence compared to other gamblers, or at least not as stupid.
4) If there's a hot roll, you'll be one of the people who make out big.
5) Some casinos include your odds bets for purposes of calculating comps, thereby gaining you comps at a cost of $0.