Posts Tagged ‘video craps’
The pay structure of video craps reflects the pay structure of regular craps in most cases. That is, you are betting in relation to the seven's probability to show or, in the case of one-roll bets, the odds of that particular number being thrown in 36 trials. Thus, most craps bets are not even money affairs but offer interesting yet rarely generous odds.
But aren't the odds always fixed and based on pure mathematics?
Yes and no.
Unfortunately, as many of you know, there is a difference between "true odds" and "casino odds." In that difference lies the casinos' profits.
The true odds of a bet are based upon the probability of that particular event happening. For example, the number four can be made in three different ways with two dice—3:1; 2:2; 1:3—and thus it will theoretically come up once every 12 times because there are 36 possible combinations on two six-sided dice—6 x 6 = 36. So the true odds against a four coming up on the next roll are always 11 to one.
The true odds of the number seven coming up (and as you know the number seven is the single most significant number in the game) are five to one because the seven can be made six ways: 6:1; 5:2; 4:3; 3:4; 2:5; 6:1. Six goes into 36 six times and thus the odds are always 5 to one against a seven being the next number rolled.
You always get the true odds against something by figuring how many times an event won't occur as opposed to how many times the event will occur. (You get the odds for something the opposite way!) The seven won't be rolled 30 times in 36 rolls but it will be rolled six times. Thus, the odds against a seven are 30 to 6, or 5 to one! That's because six goes into six once and six goes into 30 five times.
Another thing to remember about probability and odds-making is this: we are only talking the theoretical likelihood of an event and not the predictive likelihood of an event. Theoretically, the seven will show six times for every 36 rolls but in actuality it might show ten times, or no times on the next 36 rolls. However, the longer the dice are rolled, as the total rolls approach the millions and billions, you will start to see numbers coming up with a frequency close to their probability. Probability theory is indicative and not predictive in the short run fluctuations of a game of chance.
Now, if the casinos were offering a fair game, theoretically at the end of an infinite number of rolls of the dice, neither the casino nor the player would be ahead. Everyone would be tied.
Casino Poker Internet PokerTags: casinos, online casino, video craps
T doubt if many casino gamblers would dis-X agree with the following statement: craps is the single most exciting table game in the casinos. Some writers have compared it to the gambling equivalent of hitting a home run in the World Series—when you're winning.
It can be exhilarating and exhausting. When you are losing it can be the gambling equivalent of the myth of Sisyphus, whose torment for all eternity was to roll a large boulder up a mountain and then, just as he got it to the top, see it roll all the way back down, where he had to start all over again. In a word, craps can be the ultimate in frustration." So I wrote in the opening of my chapter on craps in my book Guerrilla Gambling: How to Beat the Casinos at Their Own Games!
The video versions of craps are no less frustrating though somewhat less compelling and certainly less exciting to play. Gone is the sense of communion with the other players, and the shared, almost tribal, camaraderie of the "right" bettors as they root for their numbers to appear while simultaneously praying that that dreaded seven won't make its devastating appearance.
Like its table-game cousin, video craps is a game with a cornucopia of betting opportunities, most of them carrying an extremely large house edge. Just take a look at the craps layout on the screen and you can see that video craps is a bettor's paradise or hell. The craps layout has scared many a would-be player. Fortunately, for the astute craps player, there are only a few bets that are worth making. Unfortunately, for the video-craps player, several of these bets have been eliminated from the video version of the game including: the odds bets on Pass Line and Come wagers and place bets paying off at the house odds.
Still video-craps has a supermarket of betting options and this might lead some aficionados of the video scene to shy away from it. Don't. Video craps only looks complicated because of that host of essentially irrelevant bets marked on the screen. These bets take up most of the screen's space and are the junk food of video gambling. The Captain, the world's greatest craps player (see my book Beat the Craps Out of the Casinos: How to Play Craps and Win!), calls these bets Crazy Crapper bets because essentially you have to be crazy to make them. That's how high the house edge is on them. Indeed, some of the Crazy Crapper bets make some low-paying slot machines look overly generous!
With the exception of the bets mentioned previously and the inclusion of a better Field bet, the video version of craps has the same payouts, playing procedure and odds as its table-game namesake. Thus, an analysis of video-craps parallels an analysis of the table game version. (If the machine isn't rigged.)
Fun Online Poker Learn PokerTags: online casino, table game, video craps