Expected value craps field bet
As you know I strictly look at the expected value of a bet. However, if taken to an extreme it doesn’t make sense at some point. If you made the proposition to me in your example I would only bet about $ on it, although it has a % player advantage. The reason is if I won I would win $2,, and I don’t really need more than that. game of craps, the Pass Line bet regards one of the best bets due to its high winning probability. In this article, we will concentrate on deriving results for In this article, we will concentrate on deriving results for. Video: Dice: Finding Expected Values of Games of Chance This lesson examines the various combinations and probabilities behind rolling dice. We will look at a game of dice and what to expect to win or lose in a game. In addition we will extend these concepts to playing with different sided dice.
Sure, place 6 and 8 are better, but look at the number of bets on a craps table with a higher HE than 2. In addition we will extend these concepts to playing with different sided dice. What do you expect to win or lose in this game in the long run? Mar 29, Threads: Password may only be 56 characters long.
Field Bet Question
Assuming rolls per hour: The Field bet IS an action bet. John Wayne action Actor used to play the Field when the 5 was in it interesting Sally. Jan 29, Threads: June 8th, at Hi, I had a question regarding calculating the theoretical loss on the field bet when it pays 2x on the 2 and 3x on the 12, for a house edge of 2. My understanding is that this is a single roll bet, thus it is a true 2. My situation is that I like playing the field but I know that mathematically it is not a very smart decision as other bets offer a much better house edge, i.
The issue that I have with multiple come bets is that putting odds on come bets, means that I have a lot more money on the table versus just doing the pass line bet with single or double odds and then playing the field bet, is this a terrible strategy?
My other thoughts are to only play the field when the point is 5, 6, or 8, and when it is the 6 or 8, to place the other number, thus not a full iron cross but somewhat similar. I would not place the 5 ever as the house edge is too high. Mar 29, Threads: Jul 22, Threads: Hi Craps, Sally I think correctly pointed out your question about 70 roles, then your calculation of roles.
Expected Value EV can be summarized in this equation: Thus, in your case of 70 rolls of the field bet which can also be bet during the come out, by the way I don't know whether it takes the average number of roles in to consideration or not, but every time you place the place bet, it does in fact have a 1.
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Login here for access. Log in or sign up to add this lesson to a Custom Course. Login or Sign up. Imagine walking into a casino for a game of dice, knowing exactly what to bet and how much you will win or lose. This is called the expected value of the game, and in this lesson we will learn how to calculate it.
In casinos, there is a game called 'craps,' which involves rolling two six-sided dice. The rules are somewhat complicated, but understanding the probabilities of the different combinations of the dice gives a person a solid advantage in the game. Suppose you play a game where you roll two six-sided die. And, suppose the rules of the game are: If you continue to play this game, what can you expect to win or lose in the long run?
So you may recall that the expected value, called E of X , of a situation is the sum of each value, called X , times its probability, called P of X. In mathematical notation this is written like this:.
We can think of the amount won or lost as the values of the discrete random variable X. And so, X is the amount of money won or lost per roll of the dice. Plus, each of these values has a probability associated with it.
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