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For VegasMan: Craps question?

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Louisiana
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For VegasMan: Craps question?

Ok, I've read several explanations of playing odds behind the line and still don't quite understand it. Let's say the casino allows, 10X odds. Does this mean that I can place 10 times my original bet on the line, behind the line after the come out roll? Example, I put $10 on the Pass line, after my point roll, I can put $100 playing the odds behind the line? Some casinos here and on the Gulf Coast allow 100X odds. This sounds like you could get the house edge down to nearly 0, like .002% because you have elliminated the possiblity of a craps on the comeout roll. Am I understanding this correct? BTW, who offers best odds bet on the strip?

Also, what do think of the site Wizardofodds.com? Not a plug or any affiliation, just came across it and found it interesting.

TIA as always.

Hampton, New...
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1. Re: For VegasMan: Craps question?

Obviously, I'm not Vegasman, but I do understand the odds betting. You are absolutely correct. If you have 10x odds, and put a $10 place bet. YOu would be able to put down up to $100 after the come out roll. You can also put down less if you would like. YOu can find very good odds at the Casino Royal on the strip. Although most casinos now give 3,4 and 5x.

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2. Re: For VegasMan: Craps question?

Gum,

Most of what you say is correct. Except for one thing. "Because you have eliminated the possiblity of a craps on the come out roll." No matter what the X's odds a casino offers is: Single, Double, 3-4-5, 10X or 100X. The odds of a Craps on the Come out roll is still a 1 in 9 possibility. 4 Ways to roll a craps out of the 36 possible rolls. Although the higher the X's odds the more you can get back when you have a winner.

The higher the X's Odds the casino offers the more you can win, or lose. When I see someone stacking their chips on the Pass Line and not taking odds. I'll mention to them that they are better off, in the long run, keeping their Pass Line bet small and putting more for odds. Invariably when I do this, the next come out roll will be a 7 or 11 and then they are mad because they followed my advice and now made $5 instead of $30 or $40.

Looked at Wizards just now for the first time. Some good info there. And they say with 110 Xs odds the house edge is .021% not .002% a factor of 10 difference.

I think this should answer your questions, if not come and ask more,

Joe

Louisiana
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3. Re: For VegasMan: Craps question?

Thanks VM for the explanation. What are the limits on most of the tables in LV. I'd like to start w/ low limits but with a good bankroll to sustain a run. I've only played a few times and each time just followed the play of a high roller. I did well each time considering I knew nothing at the time. What would you suggest a beginner start with?

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4. Re: For VegasMan: Craps question?

Gum,

I'd suggest you start with a Craps Lesson. If you're favorite casino doesn't offer them. Come see our teacher at the Stardust. Lessons are M-F 10a-6p. Following someone else just because they are betting big isn't necessarily a smart move.

As far as a bankroll: Start with an amount that won't change your life if you lost it. If you lose $100 and leave a table in a bad mood, maybe $50 is a better limit for you. I have seen people buy in with $20 and play for hours, and I've seen others lose $1,000 in 3 minutes.

When you say limits I'm guessing you're asking about the table minimums. It is rumored that Circus Circus, Slots O' Fun, Sahara, Imperial Palace have $3 minimum games. At least during the day. At the Stadust we always have at least 1 $5 game open.

Gambling is all about Money Management. Set a limit on how much you're willing to lose for your stay. Divide that by the number of days you're staying. Divide that by the number of times you plan on playing per day. And once you lose the money you budgeted for that session. STOP playing.

Also set limits for how much you want to win. If you buy in for $100 and want to double that, when you get to $200, put that money away. When you win another $50, put that away too. Each time you win $50 or $100 put that away. Play with the change you have in front of you. Don't go into your pocket and cut into your profit hoping the next shooter will be as good as the won that won you money.

If you win on one session, don't think you can lose more the next time you play. That will cut into your winnings. Stick to the limits you set for each session. Don't go home broke.

Joe

Louisiana
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5. Re: For VegasMan: Craps question?

Excellent advice Joe. Thanks a million (I wish).