Hi All
I have been having a back and forth with someone on the Golden Touch YouTube channel where all our videos are. This person has some videos out there and is even selling some DVD’s.
The back and forth has to do with come betting versus place betting. this guy is trying to convince and all his students or anyone who will listen that place betting is a better bet than come betting. He even has an excerpt from an old John Patrick’s video that shows him saying that place betting is better . Jezzzzzzzzz ….. That is why we have the video "Why GTC" https://www.youtube.com/watch?v=mZfLI7F1MGg
and why I say to put any of the books by those so called experts in a nice fireplace at Christmas time.
I believe this back and forth is good for everyone to read. BTW, I give credit to Skinny for helping me with checking my math. Thanks Skinny!
From Garrison:
You will win more when you place bet than of you bet the come with odds .EX the come number is a 9. $10 come bet with $20 odds, total bet is $ 30. The come better wins $10 plus $30 for a total of $40. If you place the 9 for $30 the place better wins $42 ( 7×6 units) PLUS the come better has to roll the number TWICE to win and the place better only has to roll the number once to win. R.O.I for the come better is 133.33% and 140.% for the place better. What would you rather have a R.O.I ( return of investment) of 133.33% or 140% ?? Your choice. This works with ALL the numbers until you get to over 5 X odds. But most casinos will not let you take over 5X odds just for this reason. It is more about winning money than the small house edge. PLACE your bets.
Dom’s 1st response:
You said in your response that you teach this stuff. Do you want to tell all of us who you are or just remain Garrison? In response in your calculation you forget the power of the comebet, and that is that you will win 22.22% of the time on the next roll and lose 11.11% of the time. That is an extremely important miss on your part. The 7 that shows more than any other number will make your place bet lose on the next roll after placing it. Let’s take one last closer look at the situation. If the minimum bet at the table is $10 and I bet this on the pass line or come, my expected loss is 14 cents. The player who wishes to place the 6 or 8 must do so in multiples of $6, so he would have to bet $12 and his expected loss is 18 cents. I would rather lose 14 cents than 18 cents. The odds bet doesn’t carry an edge. Dom
Garrison
"I understand but the place better wins more on place bets and has more options, Same bet, press it, reduce to the mimimm, and play bets do NOT work on the first roll of the game. If the come better has a 5 dollar come bet on the 5 or 9 and takes $10 odds his total bet is $15. he wins $20 ( $5.00 plus $15 odds $20 total) BUT the place better who places the $15 wins $21. ( 3 x $7.00) and has all those options. When we teach in Vegas we have a whole section that shows the difference between place and come bets. The come better gets a return of 133% but the place better gets a return of 140% Better to place bet. This works on ALL numbers up to 5X odds. PLUS the place better gets to pick his number (6, 8 etc) where the come better does not get to pick his number and has to roll the number TWICE. Once to get to the number and once to win. Think about it Try placing your numbers and not betting the Come. The Come is NOT a good bet"
Dom’s final reponse:
First, I find it interesting and for sure others should that you stated you have a chart on this in class indicating that you are teaching craps, but when I asked you who you were in my previous response you didn’t tell us. So I am going to take you on your word that you do teach this stuff.
I feel sorry for your students and for anyone that reads your writings and uses your instructions. My final response to this idiocy that place bets are better than comebets is going to be a little long because I don’t want nor do I have the time to go back and forth with anyone that doesn’t understand math. I sincerely hope that you and others will take the time to read my response fully. Weather or not you or anyone switches from being a place bettor to a come bettor doesn’t make a difference to me. Hopefully my response will be simple enough for everyone to understand and you all will come to the conclusion that you can not ever argue with the math of the game and realize that comebets are better that place bets. Making the lowest house edge bets is the way to win MORE money at the casinos. Always remember that to win more money you MUST learn how to lose less money when things are not going your way. Comebets are the answer.
To begin, and pay attention everyone, class is in session, you are only looking at 2X odds. If you consider 4X odds on a 5/9 you get paid the same amount $35 for a come bet or place bet. But the come bet also has the additional win when it is first put out.
That is the reason a put bet is not better than a place bet until the odds are high enough to make the put bet more advantageous.
You calculate ROI by looking at how much you win divided by how much you bet. $5 + $10 odds = $15 bet with a win of $20 yielding a net profit of $5 divided by the $15 bet = 133% ROI.
For the place bet you win $21 on a $15 bet. The net profit of $6 divided by $15 bet = 140% ROI.
There are many things wrong with this logic but leaving out the win on the first roll after the base bet is placed is just wrong. That base bet (comebet) will win 22.22% of the time and lose only 11.11% of the time
Plus, there are holes in your logic about the benefits of a place bet over a come bet. There is no monetary advantage to being able to increase, decrease or take down a place bet. One can not predict the future so no one can know when those moves provide a monetary advantage.
Your logic about having to throw a number twice in order to win is not valid. You can not look at your simplistic example to determine which is the better wager. You need to look at all possible situations and determine which wager loses less money over time. Essentially it comes down to the calculation of the House Advantage.
The HA on a come bet at 3-4-5X odds is .374%.
Even at 2X odds the HA on a come bet is .606%.
The HA for a place bet on the 5/9 is 4%.
Clearly the come bet is a superior wager by 3+%.
Let me take another approach. Let’s look at all possible situations for a come bet at 2X odds. There are 1980 different possible situations which can arise when one makes a come bet. If one were to make a $5 come bet with $10 in odds over these 1980 situations one could expect to lose .606% of all the come bets one makes at 2X odds.
If one were to make a $15 place bet on the 5 or 9 over the same 1980 situations one can expect to lose 4% of all the place bets one makes on the 5 or 9. The come bet loses less money over time in a random game than the place bet.
Now let’s look at what we could expect if one were to make $5 come bets with $10 or 2X odds for each of the 1980 situations that can arise when one makes a come bet.
The random player would wager a total of $23,100 and would have an expected loss of $140.
If the same player were to wager the same amount of money with place bets on the 5 or 9 he would have an expected loss of $924.
The place bet would have an expected loss 660% greater than the come bet. This should make it obvious that the come bet is far superior to the place bet even at 2X odds.
If the math that I am writing about is over your head, well maybe you should take out a calculator. Those of you that are reading this you can take Garrison’s argument or you can take my math/argument coming from me, a person that has been banned from over 70% of the casinos in Las Vegas and the country including the Bellagio. I think we all know who has more credibility.
Good luck!
Dom
Replies:
Posted by: Skinny on June 4, 2017, 10:20 pm
A rational individual will not argue with the math!
One only needs to check my tagline at the end of my posts to know where I stand.
Posted by: Finisher on June 5, 2017, 12:14 am
I have tried both ways of betting and still do both at times .I some times prefer place betting because it is not a contract bet and I can take them down and leave at any time .Since most of the time I have no pass line bet or DP bet this done easy .
I have made a bet on the 8 and stayed with it for 42 rolls before a win with 4 rollers including myself . I did make come bets on my roll to make money but lost on that 8 bet .I also have made one come bet and saw the roll go into the teens and twenties with a loss also .
Craps can be Unforgiving at times .I just bet how I feel it will work better for me .
In a past post that I am sure you read I told of a roll that I had were I only come bet and I made less then ALL the other players at the table including the DP and DC player . All the players at the table loved my roll that when my wife came to get me to eat they ALL said noway . Including the Don’t .
So it depends on how the game is going .I just hated the come out 7 but the DC player did not mind at all and even spoke to me later in the roll .I think back and lost 7 TO 9 TIMES ON THOSE COME OUT 7S .I did bet on the 7 after I lost my come bets 3 times . It was a good roll and I made some money but not like everybody else at the table .
I just hate when you never get to On and Off on come bets . But do love when they come up on rolls early .
It is your money and I doubt that Dom started betting the way he does when he first started .This is a learning Journey that we a on .Just think not long ago the doey dont system was GREAT . 😀 😀 😀
Good Rolling. 😀 😀 🙂 😉
Posted by: HardNine on June 5, 2017, 1:55 pm
I absolutely agree with the math, understand it, etc. But I, like Finisher, am a place bettor, primarily for the reason that I tend to spread hits across the box and using TBS come betting, I’m usually behind because of that. I have tried month long side-by-side comparisons and only once did TBS come out ahead at any point during the month, but in the end, place betting ON MY ROLLS was better. I agree that for most shooters who have more accuracy and the repeats come quicker, come betting would be on top.
May profitable rolls come (or place) your way!
Don
Posted by: Finisher on June 5, 2017, 6:08 pm
Good Rolling. 😀 😀
Posted by: NofieldFive on June 5, 2017, 9:39 pm
Since I have gone to exclusively Come Betting, I am making more return on my investment than ever. The math of the game wins out!
Don, you have a good shot. If you are losing money on Come betting, I would argue that you may have too much exposure early in the hand.
Finisher, those with a diminished skill set should absolutely be Come Betting to lower the house edge. They should be limiting the exposure to one or two bets and be racking at least 3 hits before increasing the odds or spreading to an additional bet.
I might add that Skinny is the only person I know who has never modified his betting. He has always done Passline and Come bets, so he walks the walk of his Tag Line.
NFF
Posted by: DoughBoy on June 5, 2017, 10:45 pm
Posted by: Skinny on June 6, 2017, 2:10 am
For the random player (SRR = 6.0) the House Advantage (HA) when you place the 5 or 9 is -4.00%. The minus means the HA is in favor of the house, against the player.
For the random player the HA when you place the 6 or 8 is -1.52%.
At 20X odds the HA for a random player is -0.10%, less than one tenth of a percent against the player. This is basically an even game.
The random player is bucking a -4% HA with a place bet on the 5 or 9 and -1.52% HA with a place bet on the 6 or 8 vs. a negligible HA when making pass line and come bets at 20X odds.
For a controlled shooter with an SRR of 6.5, a place bet on the 5 or 9 has a HA of +1.54%. The plus means the HA is now in favor of the player instead of the house.
For a controlled shooter with an SRR of 6.5, a place bet on the 6 or 8 has a HA of +3.62%.
At 20X odds the HA for a shooter with an SRR of 6.5 is +5.43%.
For a controlled shooter with an SRR of 7.0, a place bet on the 5 or 9 has a HA of +6.67%.
For a controlled shooter with an SRR of 7.0, a place bet on the 6 or 8 has a HA of +8.33%.
At 20X odds the HA for a shooter with an SRR of 7.0 is +10.54%.
For a controlled shooter with an SRR of 7.5, a place bet on the 5 or 9 has a HA of +11.43%.
For a controlled shooter with an SRR of 7.5, a place bet on the 6 or 8 has a HA of +12.67%.
At 20X odds the HA for a shooter with an SRR of 7.5 is +15.29%.
Posted by: ACPA on June 6, 2017, 3:32 am
The original post uses the math for a CHer, not a DI. A good DI has hopefully several hundred throws some in practice and some from actual casino throws. As this last post by Skinny shows the difference varies based on the DIer SSR and as small a difference as SRR as small as 6.5 makes a difference.
Noah
Posted by: Dominator on June 6, 2017, 1:20 pm
Finisher and Don, Daryl’s advice to you is spot on. If a skill level isn’t where it needs to be then for sure come betting is the way to go!
To answer your question about if I was a come player when I started. The answer is no. I was about 75% place player and 25% come. I changed completely about 10 years ago when I broke my ankle and couldn’t put any weight on it at the tables. On my first trip to a casino after the accident I decided to be a come player because I really didn’t know how I was going to shoot and I wanted to make the lowest house edge bets I could. Stupid right – I knew that come bets had the lowest house edge, but I was still a place player. WHAT AN IDIOT! 😀 . And I also decided to use the hardway set exclusively because I wanted the most protection against the 7. Again – WHAT AN IDIOT! I knew that hardway and come betting were the best but I didn’t use them exclusively before this accident!
Well my shot was all over the board meaning I was hitting all sorts of numbers and repeating them. The Goddess was at the table with me along with others and she always keep track of the rolls. I had a 72 hand roll and made a ton of money! A pure come player was born that day!
Daryl, Billy, and I say in our seminars so many times that we have tried it all when it comes to betting and we learned from our mistakes and we try so very hard to convince you all to not make those mistakes. MY 401G would be much bigger now if I was always a come player.
BTW – As Daryl said, Skinny was always a come player because he never questioned the math
Dom
PS Look for another give and take I had this morning with Garrison about the 5-count
Posted by: Finisher on June 6, 2017, 10:16 pm
Good Rolling.
Posted by: Dr Crapology on June 7, 2017, 12:15 am
While on a recent trip to the casino Doc and Rose got to thinking about come betting vs. place betting—particularly placing the 6 and 8. Here is our analysis–all percentages are rounded:
Here are the assumptions that we used:
A $10 table with max odds of 5 times
The vig on the Pass Line/Come bet is 1.4%
The vig on the 6 or 8 place bets 1.5%
It appears that the vig is about the same or certainly very close to the same. BUT is this a correct assumption dollar wise? We all know that the odds bring down the percentage on the entire P/C bets when the odds are added to the bet, BUT how about the amount of money on the following assumed bets. Let’s look at the $$$ and not the %.
Pass Line/ come bet of $10 has a 1.4% of $.14. It is always 14 cents regardless of the amount of odds taken. If we add $50 in odds the amount at risk is $60 but the vig is still only $.14 ($10 x .014=$.14). Odds have no house edge. And we have the advantage of 2 to1 on the first roll of the dice.
If we place the 6 and/or 8 for $60 (the exact same amount of money wagered) the percentage as stated above is 1.5% or $.90 ($60 x .015=$.90)—a really big difference!!! When we gave this some thought, it was a really big eye opener for us–$.14 vs $.90. WOW!!
And remember the placing of the 6 and/or 8 is working on the first roll of the dice after the bet is placed. While with the pass line/come bet, as we have stated above, the advantage of 2 to 1 on the first roll of the dice before the advantage turns in favor of the casino when a box number is established as the point. The 2 to 1 advantage on the first roll as well as the power of the 7 is lost if we place bet.
Rose and Doc have been placing the 6 and 8 as we simply hate it when we establish a point of 4, 5, 9 or 10 and the second or third roll is a 6 or 8 and we miss a pay day. Believe us, we have lost the established point as well as the 6 and the 8 many times before any pay days. Remember we are in this for the long run and it simply doesn’t make sense to do anything but pass line/come bets. Yes we may miss a pay day or two on the 6 and/or 8 but it will only be 1 miss on each number. We are in it for the long run.
Remember this concept works for all the box numbers that might be placed or bought, any amount of odds taken, or the amount of your pass line / come bet.
As NFF says, on the shorter rolls you want to lose less or make a little so that you will have chips in the rail and be at the table when the good roll comes.
Just some food for thought that we felt might help many of the great GTC members as they become a part of Dom’s 10%.
All comments pro and con are welcomed—Skinny??? Hope using dollars instead of percentages will help many see the math advantage of come and pass line betting and how it actually affects your bank roll.
Rose and Doc
PS—Would hope that Garrison (whoever he is) reads all of the thread and will change his thoughts.
Posted by: SevenTimesSeven on June 7, 2017, 12:27 am
and … but didn’t it, too, once or twice work back there? … "
Silly me, there is that nagging thing in the back of my mind called VARIANCE.
Variance, yes, it shows up in the short term. We’ve all seen it.
Sometimes it’s frustrating, sometimes we get lucky. Looking random?
But boss, the math is for the Looooonngg term. No?
Didn’t some wisecrack say in the long term we’re all DEAD?
Can we throw dice from the prone position? Anyone? LOL
Posted by: Skinny on June 7, 2017, 1:15 am
"SevenTimesSeven" wrote:
Can we throw dice from the prone position? Anyone? LOL
Not2soon shoots from the prone position. But of course he is very much alive. Does that still count? 😆 😆 😆
Posted by: Skinny on June 7, 2017, 1:51 am
I really like your example. The bottom line is money so using that as the example is a great idea!
I don’t mean to sound nerdy but for a fair comparison you can’t use $60 for the place bet because you don’t bet $60 on the PL/CB each time. 1/3 of the time one only wagers $10 with a PL/CB (1/3 X $10 = $3.33) and 2/3 of the time one wagers $60 when you take odds (2/3 X $60 = $40). That averages out to $43.33 per PL/CB wager. The loss is still the same $.14 for each wager because the base bet of $10 loses 1.41% or $.14 regardless of odds or not.
If we place the 6 and/or 8 for $43.33 (the exact same amount of money wagered on the PL/CB) the percentage as stated above is 1.52% or $.66 ($43.33 x .0152=$.66)— which is still a really big difference!!! –$.14 vs $.66. WOW!!
The end result is the random player can expect to lose 4.7 times more with a place bet of the 6 and/or 8 versus a PL/CB with 5X odds.
Posted by: Dr Crapology on June 7, 2017, 10:50 am
Rose and Doc
Posted by: Brywood on June 7, 2017, 12:24 pm
Posted by: Dr Crapology on June 8, 2017, 11:11 am
Rose and Doc
Posted by: Dominator on June 14, 2017, 11:17 am
Like you and what Doc did, I wish that all on this site would just it – use place bets and at the same time come bets. I know that most would come out better if they did
Dom
Posted by: Cmcierra on June 14, 2017, 1:15 pm
Cmcierra
Posted by: Skinny on June 14, 2017, 8:55 pm
"Cmcierra" wrote: following the math of the game is the correct way to play.
Cmcierra
Music to my ears. I wish everyone would heed your words for their own sake AND BANKROLL.
Posted by: FourTen on June 20, 2017, 7:22 pm
Posted by: sevenout on August 17, 2017, 8:11 pm
When you calculate HA on come bet with 20x odds with an SRR of 6.5, do you account for the fact that you roll ~1 less 7 per 72 rolls? Since the power of the come bet vs place is when it is originally placed, I imagine a 6.5 SRR has to have an impact.
Posted by: Dominator on August 18, 2017, 2:33 am
Dom
Posted by: Skinny on August 18, 2017, 4:08 am
"sevenout" wrote: Skinny,
When you calculate HA on come bet with 20x odds with an SRR of 6.5, do you account for the fact that you roll ~1 less 7 per 72 rolls? Since the power of the come bet vs place is when it is originally placed, I imagine a 6.5 SRR has to have an impact.
At 20X odds with an SRR of 6.5 the player would have a positive house advantage of 5.43%.
Posted by: Finisher on August 18, 2017, 4:23 am
Good Rolling. 😀 🙂
Posted by: SevenTimesSeven on August 18, 2017, 2:47 pm
"Finisher" wrote: The dice does not know if you have 20 x odds or 100 . Just saying each roll is independent from the last roll .
Good Rolling. 😀 🙂
Yes, da dice don’t know nothin.
But da math, da math!
And remember the math applies to the long run.
– same bet repeated, repeated, repeated in the long run, the loooong run.
The long run, when we are all dead.
Posted by: MrPiP on August 18, 2017, 5:47 pm
Come betting with 5Xs odds is the best. I am a show me kind of person, so I need to perform simulations and experiments. I gave myself a make believe bankroll of $3000 and simulated that I was at a $10 table with 5X Odds (AC). And I never busted the bank at over 200 session simulations, each session never went over 10 hands.
This is what I do. Comments are welcome.
I would put up 3 bets ($600 is the session budget) my hand spread budget is ($180)
1st bet = $10 PL with $50 Odds
2nd and 3rd bet $10 Come with $50 Odds
I would use two counters one is called the hit counter and the other the hand counter during a session
Hit counter rules.
When the hit counter reaches 5 I add another come bet
Counting rules: (I use chips to count. I use a shinny large quarter to use as a place holder to represent the .5 on the rack)
+1 if I hit a 6/8
+1.5 if I hit a 5/9
+2 if I hit a 4/10
Hand Counter is +1 when ever I seven out
Session Ends if any of the following is true:
1) The hand spread budget ($180) can not be covered.
2) The hand count reaches 10
3) I feel that I have a big enough win > +200
* I like this approach as I have a natural stop limit loss when the session budget reached below (180) or hand count = 10.
08/19/2017 – Wanted to share more about come.
I was at a PA casino in PA they do the 3-4-5 x odds.. I put 3x odds on all bets and used the same hit counter rules. Except I only put two bets out initially the PL and one come bet. I lasted 10 hands and walked away with a 21% gain of my buy-in. Maybe a question for another thread, does anyone have a percentage that they use to walk away ? Btw, those place betters were getting wiped out left and right (buying in for more) I was still playing with the same buy-in.
-Mr PiP
Posted by: Philham on October 10, 2017, 8:50 pm
Posted by: Butcher on October 31, 2017, 12:06 am
Posted by: Cmcierra on October 31, 2017, 12:39 pm
Cmcierra
Posted by: Drummer on November 7, 2017, 12:49 pm
Dom said, "I don’t want nor do I have the time to go back and forth with anyone that doesn’t understand math."
I read that and immediately went to GTC store to look for a book on how to understand the math behind craps. This is something that I would really like to study and learn. I am actually pretty good at math but I have to take time and figure these things out. I guess I do not understand the formulas to figure out the percentages on different bets on the craps table.
Would anyone be so kind as to point me in the direction of being able to find the data I need to start doing the calculations.
Thanks,
Jason
Posted by: Dominator on November 8, 2017, 12:57 pm
You could start with the thread that is just up on Betting on a RR , viewtopic.php?f=5&t=10752
IMHO Skinny make the math simple
Dom