In a recent scan through this forum I noticed the phrase "calculate your edge and bet into it". This may come across as a dumb question coming from a student of five years who has probably heard this explained several times in class but here it goes. How do I calculate my edge? Does this phrase mean be aware of what the house edge is on various bets? As in the house has the edge on all wagers. Or do I use my SRR to calculate an edge that can be used to evaluate a wager based on how that calculated edge compares to the house edge which is based on a totally random game? I’m sure Dom and or the instructors will read this and want to reach trough the phone line and slap me upside the head but I plead old age here. did I ever tell you about my head injury 🙄
Replies:
Posted by: TommyC on May 13, 2015, 1:55 pm
Posted by: Dr Crapology on May 13, 2015, 2:34 pm
If you will go to the advanced search area–top right corner of this page–and type in "how to calculate your edge" or similar words you will get many past posts that will give you information concerning computing your edge and probably a few with in depth math information. You simply need to look.
Just remember that as we teach in class, an SRR of something in the neighborhood of 6.23 gives you a small advantage over the casino in the long run—anything can happen in the short run. So as your SRR increases, your edge increases over the casino increases as well. You will have some variance but in the long run if you bet properly, have a decent on axis throw and an adequate bank roll, you will win over time.
For us the long run is our life time. We know we will have ups and downs–probably more downs than we like–but the good rolls will more than off set the losses. As advantage play dice controllers, we are .300 hitters so expect a short roll from time to time–it happens and always will.
Just remember that you probably need at least 1000 rolls to even come close to an accurate SRR—5000 rolls will be even better. Figure your SRR for 5000 recorded rolls and see what your over all SRR is. Then take the last 2500 rolls and see if you see some improvement.
These are some simple ideas that might help you to see how you are doing.
Always remember that you can come to a class weekend for a refresher, video analysis or tune up to have your throw critiqued by an instructor. All pro athletes are getting instruction from their respective coaches on a continuing basis. We are no different.
Hope this will help and that others will chime in with some additional ideas.
Rose and Doc
Posted by: OneMoonCircles on May 14, 2015, 7:00 am
OMC
Posted by: Dominator on May 14, 2015, 1:52 pm
Now as you put in your rolls and get to , well lets say 4000 for a good number, keeping on dropping the first 100 off and so on.
so lets make this easy ……
you have recorded 100 rolls and on your sheet you have circled 10 7’s. you divide the number of rolls by the amount of 7’s …… 100/10 = 10 SRR
And as Doc said you need a 6.23 SRR to have an edge betting with come bets or placing the 6/8.
Dominator
Posted by: Mr Finesse on May 14, 2015, 7:34 pm
Posted by: TommyC on May 14, 2015, 8:25 pm
Posted by: Butcher on May 15, 2015, 1:59 am
Posted by: Finisher on May 15, 2015, 4:05 pm
I have found that my SRR can change a lot but when I look at smart craps the pro 1 does not change vary much . Wish that it was better .
After entering into smart craps I find that the SRR changes a lot compared to pro 1 and 2 . I do better at pro 3 but little change on first 2 .
I do feel a lot better when I see that about 1/3 of 7s are come out 7s some times .But as far as SRR goes I do not worry what it is unless I am just using the hard way set ALL the time .
I have passed smart craps a few times but not with pro 1 or 2 .I hope that may happen soon . I still throw a lot of CRAP . 🙂 🙂
Good Rolling. 🙂 🙂
Posted by: Butcher on May 16, 2015, 5:06 pm
My original question was looking for a hopefully simple equation to figure out what my SRR needs to be to lets say overcome the house edge on placing the five or nine. After looking through my math books from school I realize that the math is a little complicated/involved and isn’t really a necessary calculation to make at this point on my journey. I realize these higher house edge bets are not the best wagers to make regardless of where my skill level is. Thanks for the posts and opinions. 😉
Posted by: Finisher on May 17, 2015, 5:18 am
Hope you enjoy yours too.
Have you passed the smart craps tests ?
I found it interesting that even when I just put in just my 5 longest rolls I did not pass not one of them .
I wish that I had more knowledge about smart craps .I do put in my rolls and look to see how close I get to passing but that is about it .
Good Rolling. 🙂 🙂
Posted by: SevenTimesSeven on June 1, 2015, 6:37 pm
"Finisher" wrote: …
Have you passed the smart craps tests ?
I found it interesting that even when I just put in just my 5 longest rolls I did not pass not one of them .
I wish that I had more knowledge about smart craps .I do put in my rolls and look to see how close I get to passing but that is about it .
Good Rolling. 🙂 🙂
Finisher,
How do you record your throws for SmartCraps?
Left and right dice separately onto paper spreadsheet or into a spreadsheet like XL?
Then manually or electronically into SmartCraps?
7×7
Posted by: Butcher on June 1, 2015, 9:07 pm
@7×7. Perhaps your question was for Finisher but I have smart craps on a notebook computer that sits right next to my throwing station. When the new table gets here I have a small table I built to put it on. I put the numbers in as I throw with left die first. I use two different color dice when I am tracking what the dice are doing ie right vs left. When I practice I am more concerned with, are they both bouncing to the wall and rolling down the wall or bouncing sideways rather than the result at the end.
Posted by: Finisher on June 6, 2015, 7:31 am
You cold use this on a spread sheet but I do not know how to do that so I do it by hand .
I use old paper that is still good on one side .
Good Rolling. 🙂 🙂