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Gaming Guru
$3 Craps versus $5 Craps6 August 2010
Back in mid March I received the following email from Michael M., one of my readers from Laughlin, Nevada:
Michael and I sent emails back and forth until late May trying to clarify the issues and the analysis and then my emails stopped. Here is why, Michael. I had a trip to Las Vegas planned for my wife and me for late May and early June. We did indeed go and returned on June 5th. The following week, before I had a chance to write to you, my computer died. And I mean dead! I bought a whole new system (which I am now using to write this) and wanted to recycle the old system. Upon carrying my old monitor to the recycle service, I wrenched my back (it turned out to be a compression fracture) and, to make a long and painful story short, ended up in the hospital for a week stay. Today, July 3rd, is the first day I can sit and type. Bummer! Before my Vegas trip I had settled your question, at least in my own mind, and had written software to carry out my analysis. My feeling is as follows. One does not need a house edge calculation to address your issue; I'm not even sure how one would interpret a house edge in this case. What you want to know is this. If two players play craps, one betting $5 and the other betting $3 on the line, taking odds, and placing the non point numbers, and each has the same number of comeouts (meaning comeouts after a point is made or a miss out occurs) who stands to lose more? My program simulates the above situation. The program keeps a bet on every non-point number until the line bet is resolved, there are no place bets working on the comeout, and there are 100,000,000 comeouts for each player. Naturally the program's parameters have to be adjusted for each player. For example, if the $5 bettor's point is 6, then the amount he stands to lose on a miss out is 36 units; 38 units if the point is 5. For the $3 bettor the amount in this situation would be 23 units and 22 units, respectfully. I ran the program twice, once for the $5 bettor and once for the $3 bettor. The results were as follows. In one hundred million comeouts the $5 player lost $110,676,176 and the $3 player lost $138,413,683; a 25% increase in loss for the $3 player. Not that it matters, since this is simply a yes/no experiment, but I ran several pairs of trials and each produced a 25% figure correct to two places. So Michael, assuming that players will bet as you describe, it appears your feeling about this was right. See you all next month. Don Catlin can be reached at 711cat@comcast.net This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net. Recent Articles
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