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Best of Frank Scoblete

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A correction to evaluating two craps bets

11 December 2010

Dear Readers:

It's nice to have friends that are smart. In the article "Evaluating Two Craps Bets," I misread the question (translation: totally screwed up) and gave the wrong answer to the proposition. Then I received the following e-mail from Skinny putting it right (note how delicately Skinny handles telling me I screwed up -- what are good friends for?):

Frank,

I think there is an omission in the article entitled "Evaluating Two Craps Bets."

You left out the place bet on the 4 and 10 in your analysis of Proposition #1. It changes your conclusion since you left out two of the bets.

Proposition #1 - Bet $64 across as follows with the corresponding loss due to the house edge:

$10 place the 4 - loss of 67 cents
$10 place the 5 - loss of 40 cents
$12 place the 6 - loss of 18 cents
$12 place the 8 - loss of 18 cents
$10 place the 9 - loss of 40 cents
$10 place the 10- loss of 67 cents

Proposition #1 has a total expected loss of $2.50.

Proposition #2 - Wager $66 as follows:

$20 place the 5 - loss of 80 cents
$18 place the 6 - loss of 27 cents
$18 place the 8 - loss of 27 cents
$10 on the field - loss of 56 cents (note you said 55 cents in the article but HA is 5.56% which rounds to 56 cents - less important than the omission)

Proposition #2 has a total expected loss of $1.90.

Proposition #2 is the better of the two propositions offered by the gambler.

Skinny

Articles in this Series
Best of Frank Scoblete
Frank Scoblete

Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

Craps Underground: The Inside Story of How Dice Controllers are Winning Millions from the Casinos!

> More Books By Frank Scoblete

Frank Scoblete
Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

> More Books By Frank Scoblete