The casino expects to break even on the odds bets, but the majority of all players can expect to lose on the odds bets..so for the majority of us craps players, it's not a "fair" "0" expectation bet! A bit of a quasi paradox  . JB | |
It's been so long since Steve (that's Heavy to his pals) responded to my question (below) that I don't even remember the subject of the thread. Still, Steve's reply was so off the mark that I want to get back to it now and see if he'll answer ... | |
I would like to see us submit a formal proposal to create a rec.gambling.poker.professionals moderated sub-group. The following document explains the relatively complex process by which sub-groups are created: http://www.eyrie.org/~eagle/faqs/big-eight.html Back on March 19, 1999, there were ... | |
I think not! Many people think that variance is what gives you the chance to get "lucky" and beat the game. But without variance, you could clean the casino's clock! The casino loves variance, without it the players could use an elevating betting ... | |
Part II So, the casino has a set of 21 distinguishable outcomes of each throw of two dice, and a probability associated with each. So, the casino might decide to offer a bet on the "distinguishable outcome" 12. If both dice end up showing six pips, ... | |
ACDOC says that the reason a casino makes money on "fair" bets is because when a player goes broke by over betting their bankroll, or betting into their winnings, their "seat" can't be filled fast enough for the game to be considered continuous! That is ... | |
it started about three years ago... casinos stopped counting odds bets towards comps. when Caesars stopped counting odds, I was told "its because there is no house advantage on the odds." to which I responded: "but there was no house advantage on ... | |
Craps is not a zero-sum game in the true spirit of the definition. Video poker still is though. The reason one could mantain that craps doesn't qualify, is the "buy" bets. In the case of buy bets, the casino is both a player, and a "third" party so ... | |
I only saw partial replies to the original post and saw this nugget by warmsunshine: BUT... Those are the ONLY PEOPLE making under min. wage, right? Dealers don't make the same amount. I still don't see the absolute need to tip them (esp. not for ... | |
I been playing texas hold-em poker for about 6 months now. I am doing very well.I feel most comfortable at a 5-10 game , but tournaments is were I am getting good. I play in a hold-em tournament once a week, about 100 players and i have made the ... | |
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