That is what the house advantage is if you play the Pass line. I have seen it calculated many times but never spelled out in a way that made sense. Until, that is I found this web site. It contains a monthly column by Don Catlin who is a mathematician that helps Casinos calculate odds. His column is syndicated by Frank Scoblete author of Forever Craps and a gambling information empire.
Nice to see it finally spelled out. Pass Line bets = House edge of 1.414141 percent.
Hey I just found this site and I would like to tell what I have been doing and find out if it is just madness My bet progression is 1-2-3-4-5-6-7. After a loss you up your bet after a win you lower it by one unit. With Graph paper I chart the pass and don’t pass line . I watch the first shooter which ever side wins I start betting the other side. The chart would have to be out of balance by 8 to lose money. I have made 8 times my money playing this way. I always take enough money to play two progressions. What really makes it work is the following example, if you lose your first to bets you will be 3 units down. If you win your third bet you are back to breaking even and would then place a bet for 2 units a loss would put you back down 2 units. If your 3 unit bet wins that time you are up one unit. Chops in the table like that allows you to make a lot of money. I would like to hear some thoughts on this
Posted by: csa9 | November 29, 2005 at 12:30 AM
With the warning that I am *not* a pro at this my initial thoughts on this modified Martingale are:
First losing 8 consecutive times is pretty common so a "play" means losing 28 units which can get expensive.
Ratcheting down is an improvement over continuously upping your bet only in that you lose less money over time. But you still do not improve your odds against the house.
Sounds fun though!
Posted by: DDetroit | November 30, 2005 at 05:57 PM