Craps Big 6 8 Betting
With a big $30 bet, that’s only $1 less than what we’d expect to be paid for true odds in an unbiased game that doesn’t have any house advantage. What this tells us is that the Place bet on the 6 or 8 is one of the smartest bets on the craps table (i.e., by “smart,” I mean it has one of the lowest house advantages of all craps bets). The h Big 6 Bet is just like the Place Bet on 6, only with a much worse payout. The player wins the Big 6 Bet if a 6 is rolled before a 7. The Big 8 Bet is exactly the same, only with an 8 rolled before a 7. This bet is usually used by inexperienced players that see the flashy field in the corner of the table, labeled BIG 6 & 8 and think it. The shooter rolls an 8 with the dice combination of 4-4. The stickman shouts, “Hard eight, eight the hard way!” Great call! You knew that Hard 8 was going to hit. The 8 doesn’t matter for your Pass Line with Odds bets because the point is 6, but your Hard 8 bet wins because the 4-4 combination showed. The over and under 7 are a pair of side bets I noticed at the New York, New York on January 6, 2017. You can find them where the Big 6 and 8 bets used to be. Both bets pay even money bets and win if the next roll is over/under a 7. So, a total of 7 causes both to lose. The probability of winning is 15/36=41.67% and the house edge is 16.67% (ouch!).
This is a simple question (I think) related to odds of winning on a particular place bet. My typical move is to start a roll with $10 or $12 place bets across on the numbers. My playing buddy does the same except he places $30 on each of the 6/8. Does either one offer a long-term payback? My contention is that the former system is better on a cold to warm table, and worse on a hot table. My friend says the latter is always better. Your thoughts?
If I understand your friends bets, they are $10 each on the outside numbers and $30 each on the 6 and 8 for a total of $70 or $90 depending on the point. You will have $52 or $54.
Since all the bets have negative expectations, neither offers a long-term payback, but bigger, faster losses can be expected by your buddy, since he is exposing a larger wager to the negative expectation each roll.
...Since all the bets have negative expectations, neither offers a long-term payback, but bigger, faster losses can be expected by your buddy, since he is exposing a larger wager to the negative expectation each roll.
This is pretty much your exact answer. BOTH you and your buddy are playign a losing game, so neither 'betting scheme' has any 'long-term payback' other than losing your expected value in the long run. Your expected loss will simply be a bit smaller than his expected loss since you're betting less thus exposing less money to the house edge.Check out the Wizards page on the basics of craps, and hopefully you'll get the idea of the house edge associated with each bet:
https://wizardofodds.com/games/craps/basics/
What it comes down to is: Whomever is betting LESS is going to lose LESS in the long run... but either way playing a game with a house edge you're both going to lose in the long run.
Alternative betting pattern: $30 on the 6 and 8 each, along with PL/come. The truth of the matter is that the 4, 5, 9, and 10 place bets are really bad bets. You're expected to lose a little less than 3x more on the 5,9 vs the 6,8 and 4x with the 9 and 10 (buying is equivalent to placing the 6,8). This is significant enough to avoid - I traditionally go through my bankroll 2-3 times an hour, so it can add up.
Stick with placing the 6,8, buying the 4,10, and/or pass,come with odds. The house edge is likely to show itself in the form of smaller than optimal wins. So yes, you will have good days either way you play, but your wins will tend to be 'short' if you are wasting money by placing the 4,5,9,10. That said, play how you want, it's your money. Unless you start betting the big6/8, then it becomes a question of sanity.
(In the nicest way possible) - Drop the hot/cold/warm table talk, they do not exist. The dice do not have a memory and everything is random. Embrace the randomness.
Similarly whether you press your bets will affect matters, you make more on a good day but lose more on a bad day.
Craps Big 6 8 Bets
Best Wishes placing your box numbers. If Big Red stays away for a while then you may win some money. Here are some suggestions:
1. Emphasize the Six and Eight. They are more likely than the other boxes, they should contribute more to your overall revenue profile, and they suffer from less probabilistic disadvantage.
2. Buy the Four and Ten when you are able to make bets of $25 or larger.
3. Buy the Five and Nine when you are able to make bets of $50 or larger.
4. Do not increase your bets until you have fully recovered to your rails the total value of your spread. Doing so will require five hits, so just say 'Same Bet' until after at least the sixth hit.
5. Intend to take your bets down. There is no need to inevitably lose your investment capital for each shooter.
...5. Intend to take your bets down. There is no need to inevitably lose your investment capital for each shooter.
Rather than fleeing, choose a place bet 'limit', (e.g., a number gets pressed to $1.5 or $3k). After it hits, lock up a chunk of cash by 'resetting' all the place bets to 2X the original base bet. Then run your pressing progression again. Doing this allows you to continue to cash in if the 7 doesn't show. Hopefully, you can run the cycle a few times.
Craps Big 6 8 Bet Odds
Craps Big 6 8 Beta
