The fire bet is 6000to1 does that mean I should hit it over the long haul once out of every 6000 times OR does it mean my chances are 1in 6000 everytime a new hand start’s?
Replies:
Posted by: Skinny on March 21, 2016, 1:35 am
Let us say you have a box with 2 white balls and 1 black ball in it.
The chance of your picking a black ball from that box is 1 in 3 each and every time you reach into the box.
Additionally, over the long haul you will pick the black ball from that box 1/3 of the time or 1 out of every 3 times you try. If you pick a ball from that box 3,000,000 times you can expect to pick the black ball approximately 1,000,000 times.
Posted by: brothelman on March 21, 2016, 4:52 am
Posted by: Skinny on March 21, 2016, 5:04 am
Posted by: brothelman on March 21, 2016, 6:16 am
Posted by: Finisher on March 21, 2016, 7:15 am
I sad to bad you missed it and he said there is always another it was only for 250 .
He then bet 10.00 on the next roller .
I did not make it and left after my roll so never did see if he hit it .
I guess after you hit it once for 6 numbers you can play a little longer .But at 10.00 on each and every roller that can add up fast .
Good Rolling. 😀 😀
Posted by: Skinny on March 21, 2016, 7:51 am
E. B. White
I feel that luck is preparation meeting opportunity.
Oprah Winfrey
Shallow men believe in luck. Strong men believe in cause and effect.
Ralph Waldo Emerson
Luck? I don’t know anything about luck. I’ve never banked on it and I’m afraid of people who do.
Luck to me is something else: Hard work – and realizing what is opportunity and what isn’t.
Lucille Ball
Then there is a post I wrote around 2 years ago. It was related to a topic pertaining to luck. In this post I was discussing Pat DeMauro’s long roll of 154. Here is what I had to say about luck in that post.
The odds of a random roller having a roll of 154 is around 5.5 billion to 1. Given the millions of people who play craps around the world I would say there have easily been over 5.5 billion hands since the inception of casino craps. So why is it surprising that someone accomplished a roll of 154? According to the math it was likely to happen at some point. Is it luck or is it math?
Sure you could define it as luck for Pat DeMauro because it happened to her. But it was likely to happen to somebody at some time sooner or later.
The Captain had a roll of 100 in 2004 and 147 in 2005. He probably had other 100 rolls during his career playing craps but there was no one around to record those rolls. Frank just happened to be there for the two that are reported. Would you consider that luck or skill? I think the answer is obvious.
Frank has 20 recorded rolls of 50 or more with the longest being an 89. In 2004 he had 6 hands of 50 or more.
Dominator has 17 recorded rolls of 50 or more with the longest being a 79. In 2004 he had 3 hands of over 30 in a row. The Goddess beat that in 2006 when she had 4 hands of over 30 in a row.
Luck or skill?
My point is when it comes to a skilled controlled shooter, luck plays a small if any role in what happens. Skill is the predominant factor for an accomplished shooter.
When an unusual event occurs to a random roller that is completely within the probabilities of the game, no matter how unlikely it may seem to the casual observer, I attribute it to the math being the math. You may consider it luck for the person who accomplishes the unusual event. But it was likely to happen to somebody and I just chalk it up to the math. Let’s not mystify something that science tells us is likely to occur.
Posted by: MIDNIGHT on March 21, 2016, 7:17 pm
4 numbers = 25 for 1
5 numbers = 250 for 1
6 numbers = 1000 for 1
There is no 6000 for 1
Midnight
Posted by: Skinny on March 21, 2016, 8:28 pm
The chance of hitting 6 numbers in the fire bet is 1 in 6,156. Yes it may pay $1,000 but the odds of hitting it for all 6 numbers are over 6,000 to 1.
There are different pay tables used by casinos in various parts of the country. The house advantage on the fire bet is 20% – 25% depending on the pay table that is used. That HA takes into account the probability of hitting a 4, 5 or 6 point fire bet not just the 6 point fire bet. If it only paid for a 6 point fire bet the HA would be 84%. But it drops to the 20% range when we take into consideration hitting the 4, 5 or 6 point fire bet.
Posted by: Finisher on March 22, 2016, 6:37 am
Of course I also believe in Murphys Law Too .I also agree about or understand the math some what Too .
Good Rolling. 🙂 🙂
Posted by: DoughBoy on March 22, 2016, 2:27 pm