Posted by:<\/strong> Skinny on September 30, 2016, 5:28 am<\/p>\n \tLet us look at what happens if you have to pay the vig on every bet.<\/p>\n \tYou bet $21 five times. For random you can expect to lose the bet three times and win it two times.<\/p>\n \tYou wager a total of $105 and collect a total of $100 losing $5 out of $105 wagered (5\/105=.0476). The house advantage is negative 4.76%. <\/p>\n \tIf you place the bet for $20 five times. For random you can expect to lose the bet three times and win it two times.<\/p>\n \tYou wager a total of $100 and collect a total of $96 losing $4 out of $100 wagered (4\/100=.0400). The house advantage is negative 4.00%.<\/p>\n \tSo not only is a HA of 4.00% better than 4.76%, clearly it is better to lose $4 out of $100 than $5 out of $105.<\/p>\n \tIf they only charge you a $1 vig up front on wagers over $20 up to $38, you can do better with a buy bet than a place bet for wagers over $24. But the HA is still pretty high even then. It becomes break even at $24.<\/p>\n \tWhen you wager $24 + $1 five times, you wager a total of $125 and collect a total of $120 losing $5 out of $125 wagered (5\/125=.0400). The HA is negative 4.00% which is the same as a place bet.<\/p>\n \tAt $30 the HA drops below that of a place bet but it is still a high HA.<\/p>\n \tWhen you wager $30 + $1 five times, you wager a total of $155 and collect a total of $150 losing $5 out of $155 wagered (5\/155=.0323). The HA is negative 3.23%, a fairly high HA.<\/p>\n \tOnce you get to $38 it drops even more.<\/p>\n \tWhen you wager $38 + $1 five times, you wager a total of $195 and collect a total of $190 losing $5 out of $195 wagered (5\/195=.0256). The HA is negative 2.56%.<\/p>\n \tSo if you are going to make a place bet anyhow, it makes sense to make a buy bet once you want to wager from $26 to $38.<\/p>\n \tIf you only pay the vig when the bet wins, then it is a good idea to buy the 5 or 9.<\/p>\n \tLet us look at what happens when you only pay the vig when the bet wins.<\/p>\n \tYou bet $20 five times. For random you can expect to lose the bet three times and win it two times.<\/p>\n \tYou wager a total of $100 and collect $98. They take the $1 vig from your winnings the two times you win the wager.<\/p>\n \tYou wager a total of $100 and collect $98 losing $2 out of $100 wagered (2\/100=.0200). The house advantage is negative 2.00%.<\/p>\n \tYou can reduce the HA even more if they let you wager $30 or better yet, $38 and still only collect $1 for the vig.<\/p>\n \tFor $30, you wager a total of $150 and collect $148 (2\/150=.0133). The house advantage is negative 1.33%.<\/p>\n \tFor $38, you wager a total of $190 and collect $188 (2\/190=.0105). The house advantage is negative 1.05%<\/p>\n \t Posted by:<\/strong> Dr Crapology on September 30, 2016, 11:40 am<\/p>\n \tDoc<\/p><\/div>\n<\/div>\n Posted by:<\/strong> RFink13 on October 1, 2016, 3:44 am<\/p>\n \tThanks Skinny.<\/p><\/div>\n<\/div>\n Posted by:<\/strong> Skinny on October 1, 2016, 4:31 am<\/p>\n \tJust thought of another way to look at it.<\/p>\n \tIf you place it for $35, it pays $49 and you get a total of $84 ($35+$49).<\/p>\n \tIf you buy it instead, you buy it for $34 + $1 vig for the same $35 bet each time. But the buy pays $51 and you get a total of $85 ($34+$51).<\/p>\n \tThat might be an easier way for you to figure out which is the better bet. I am only looking at the win. But I am looking at it by betting the same amount as a place or buy. Thus I have the same amount at risk for all my bets. That is why I can look at just the win here. When you looked at only the win wager you were looking at betting different amounts. The bet can not be compared that way.<\/p>\n \tThe reason I tell you this is because at higher amounts the buy bet may not be the better bet.<\/p>\n \tFor example, $115 place bet pays $161 for a total of $276. You could buy it for $110 + $5 vig for the same $115. The buy would pay $165 giving you a total of $275.<\/p>\n \tAt this level a buy bet is always worse than a place bet.<\/p>\n \tFigure which pays more, the place or buy for the same amount to figure which way to go.<\/p>\n \tYou can do it using dollars and cents even though that is not the way they would pay you to see theoretically which is the better bet.<\/p>\n \tSay you wanted to buy it for $46 + $2 vig. It would pay $69 for a total of $115. A $48 place bet would pay $67.20 for a total of $115.20. Here a place bet is better. You need to get to $50 – $58 to make the buy bet the better bet. That is because the buy at $48 + $2 vig pays $72 for a total of $120. The place bet of $50 pays $70 for a total of $120. At a $2 vig you need to bet $50 to make the buy bet the same or better bet.<\/p>\n \tThus for a $1 vig you can buy it between $24 and $38. But for a $2 vig the range is only $48 to $58. The range narrows as you get to the higher amounts. For a $5 vig the place bet is always better.<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" I’ve been getting heat on this. Several players, dealers and box men have told me I’m losing money doing this but I don’t see it. I only buy the five\/nine if I’m betting $20 or more. Here’s how I see…<\/p>\n","protected":false},"author":132,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-9490","post","type-post","status-publish","format-standard","hentry","category-craps"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/9490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/132"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=9490"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/9490\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=9490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=9490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=9490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/i65.tinypic.com\/t6y241.png\")
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