Craps

Updated betting?

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I a few posts over recent months reference has been made to some new thoughts on proper betting that is being presented as part of the new classes. I would agree with Dom and the other instructors just how important this is.

I like others here have been through several classes. I have enjoyed every one of them. I also have gained valuable information every time. I plan to continue with training with the instructors at least once a year for as long as this help is available. Most of that now is in the form of Tune ups and Video Elite. This training is a great learning tool. The instructors do a great job bring everything back to top form.

These sessions don’t get very involved with the betting side of things. Of course that is by design. The betting is a class all by it’s self. I am wondering about that new information now being taught. Could that information be presented to former students. Maybe a web based class open only to former students who have already been through at least a refresher class before the upgraded information became the standard. If that is possible the cost of such a class would be reasonable as no travel for either instructors or students.

I would not begin to say what is a reasonable cost for something like this but I would be interested if Dom and crew came up with something that effectively presented this new information without the full hands on training today’s new students get as part of the standard class. Would anyone else be interested?

JRC


Replies:

Posted by: getagrip on September 28, 2013, 6:31 pm

Yes,

I would also be interested in and welcome a separate Craps betting class by GTC. On line is a GREAT idea but I also wouldn’t be adverse to traveling to this separate class in one of the larger markets like Vegas. 🙂

Posted by: Pit Boss on September 29, 2013, 2:33 pm

JRC,

You may have something here. In every advantage move the betting and the size of the bet is very important.

A card counter would never think of playing a game without a spread.

The betting was not covered as extensively as it is covered now, but there is still a lot that does not get covered because of time constraints.

A betting class onto itself that does nothing but pursue betting techniques is a great idea.

Posted by: Dominator on September 29, 2013, 4:15 pm

We actually did this in our Chicago Class with three guys. One was GMan and he talked a little about it.

We incorporated a two hour course where the first hour was basically doing a tune up and then followed by them betting the way the bet and then showing how to bet differently to make money. They loved it! Nick, Daryl, and myself showed them with chips and betting how they were costing themselves money.

I think a two hour course would be great. The cost would be something because we could only do three of these seminars in a given day with no more than four students, three would be the better amount. Something in the range of $400 would be my thoughts

Dominator

Posted by: JRC on September 29, 2013, 4:47 pm

Dom, I think the time and cost are in line with what it should be. It would not be hard to get that much value from a class. The class size could make hard for those of us interested to get in however. Would it be possible to conduct this class as an online thing. After all online meetings are common and effective in many business situations today. Just my thoughts. I want to be one of the first to say I want it. If it will be at a class destination then I vote for Memphis just because it is the class I can make.

JRC

Posted by: Dr Crapology on September 29, 2013, 6:34 pm

We love this idea. Betting is so important in our play. You can have a great throw with control but if you are not betting properly, not betting properly will cost you money.

Alligator Rose and Doc

Posted by: TommyC on September 29, 2013, 6:59 pm

I will pay to be the guinea pig in Vegas if you wish to try it.
I bet we can get a couple more.
TommyC

Posted by: ACPA on September 29, 2013, 11:23 pm

I’ll offer you a betting plan for free.

But for it to work, you must follow it all the time.

Bet only on your self, or if necessary to get to roll the dice. Bet one and only one low vig bet, less than 2% on the shooter before you.

Have available a 401G.

Acquaint yourself with the Kelly Criteria (KC) for determining how much you can bet. As your 401G increases, your bets can increase.

You Dice Control must be such that you have a verified and demonstrated edge against the casino.

Bet no more than the KC indicates based on you edge, 401G amount, and the bet you are making. Your edge will be different for different bets.

If your experience is that your edge can be influenced, ie decreased, by events at the table, then and only then, change your bets.

Noah

Posted by: TommyC on September 30, 2013, 1:51 am

I think JRC was referring to betting on himself, I know I was.

Posted by: Pit Boss on September 30, 2013, 3:55 pm

ACPA:

All your points are great ones and very valid. But lets keep in mind that before the talk of using the Kelly criterion ( http://en.wikipedia.org/wiki/Kelly_criterion ) as a betting utility and platform, the basics must be implanted in the bettor. Just like you did not study advanced accounting methods the first day you were in collage.

Lets not forget that there are people that have been playing so called advantage craps who still think that the C&E or the big red are hedge bets, unfortunately this does not preclude some GTC’ers.

Posted by: ACPA on September 30, 2013, 6:20 pm

Couldn’t agree with you more PitBoss.

All of the parts of advantage betting have been discussed very well on this board, but many advantage players are still gamblers at heart.

I remember a guy I knew in Tunica who had purchased his table from Dom, had taken all the classes, and still would not make only advantages bets. I’m sure Dom had stressed this with guy, I had told Dom privately about the guy’s betting before the guy took the advanced class, maybe the for the second time.

I do believe that an advantage betting class has the potential to be useful and feel sure GTC would do a good one.

Noah

Posted by: Finisher on September 30, 2013, 11:00 pm

I agree with PitBoss and want to add that there are some that make bets worse then what he said .
When I took the class during the break I heard first hand the bets that a former student was making . He was vary excited about the fact that he is making lots of money with his rolls .That got my attention .So I listened in on the conservation . To my surprise he was telling the instructor about making money on the 12 and hard ways . Along with other bets . I said nothing about his bets and the instructor said nothing .
Like Dom says you can show them the water but they are the ones who choose to drink or not .
I see lots of players make a 2 or 3 unite bet on the pass line then take single odds .
Now with the new lay outs that have all those HOP bets there is a lot more crazy bets being played by lots of players that have no idea what the odds are . Or even know what they win if and when they do .
I am glad that they have added more betting to classes but think this is a good start . I think that you should have to take some more classes to be able to take a class on just betting. I took the VP class and was vary dis appointed with it just because it was vary basic .
I could see some disappointment if this would happen with this class .
Just some thoughts from an old guy that has been rolling them bones for over 30 yrs.
Good Rolling. 😀 😀

Posted by: JRC on October 1, 2013, 3:22 am

Some of us here have been through more than one class. We play the kind of game GTC advocated at the time of our classes. I am successful using the information as presented. It is my understanding some new methods are now being taught. I am interested in those new methods. Taking a full class would clearly accomplish that. I don’t want or need all the hands on and lecture of a full class. At this stage of my training I prefer the one on one of a tune up and the betting class being discussed here. I have complete confidence that the value will be there if GTC decides to offer such a class. Nothing I have taken has been wasted time or money. GTC is simply the best training available for this stuff. I am just throwing an idea out there. It is something I am interested in and maybe others are as well. Dom and company will make the right decision if enough of us are interested.

JRC

Posted by: SectionEight on October 8, 2013, 7:03 am

Agreed, this is something that could benefit everyone. JRC, you mention web-based as a means to deliver instruction. Do you mean a pay for instruction, over-the-web, with an instructor on the other end? Or…paid instruction for material only?

You might have something…..web-based instruction, much like Web-Ex…maybe with video.

Hmmm….wheels are turning.

I’m wondering if this would be something people would be interested in? Anyone else?

SectionEight

Posted by: JRC on October 10, 2013, 3:14 pm

Yes, I am talking about a paid web based class. The material does not require a hands on kind of setting. I think this can be accomplished with video and instructors on the other end. if it is a web based class the problem of limited number of students goes away. If the class is aimed at former students then all the basic stuff will not have to be taught. We all had exposure to that in the primer and refresher class. This class should be an upgrade if you will. The material should cover what is now being taught without all the hands on time with the dice. It is my understanding what is being taught now is quite different from what was presented a few years ago. I think this information is valuable and worth paying for. The question is how many students are interested and at what price point. After all This is still a business for GTC. Nothing wrong with that. I have gotten value for every dime spent with GTC. I am certain this would be no different.

JRC

Posted by: Greenskeeper on October 10, 2013, 5:28 pm

I would be interested in signing up for this type of class.
I’m ready!

Posted by: brothelman on October 11, 2013, 3:37 am

Ballmark has the throw for some of the advanced betting ideas that is a fact!!!!!!!!!!!!!!

Posted by: Greenskeeper on October 11, 2013, 4:39 pm

Wow, Thanks for the compliment. I’m still working hard.

Posted by: JohnB on October 20, 2013, 9:53 pm

I would be glad to pay for on-line instruction on betting. Let’s get it started.