Alan Krigman over at Casino City Times posted a great article on hedging. He ran 10,000 simulated session of 100 rolls of the dice and determined that non-hedging players would do better than hedging players 2 out of three times.
Of course he simulated the simplest of hedges: betting $10 on the Pass Line and $1 on the Any Craps. I love the mathematical approach to craps. The trouble is you soon realize that it is crazy to play craps long term.
With one exception. If you believe that you can reduce the number of sevens you roll by controlling the dice you can improve the odds to better than even. Then you have a reason to play. See below.
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