Re: any successful stories of gambling using those math/stat theorems?
From: Mack (macckone_at_a_nospamjunk123_ol.com)
Date: 12/27/04
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Date: Mon, 27 Dec 2004 17:22:06 GMT
On Mon, 27 Dec 2004 07:26:03 -0800, "Richard Henry" <rphenry@home.com>
wrote:
>
>"Mack" <macckone@a_nospamjunk123_ol.com> wrote in message
>news:utbvs0pjrf9rirmh96v0pg4scb30m5bp1c@4ax.com...
>> On Sun, 26 Dec 2004 09:07:48 -0800, "Richard Henry" <rphenry@home.com>
>> wrote:
>>
>> >
>> >"Mack" <macckone@a_nospamjunk123_ol.com> wrote in message
>> >news:ehpts0115pde9aijmc6mcog3v38p087qh9@4ax.com...
>
>> >> Craps is a matter of knowing when to bet and when not
>> >
>> >That is true only if you never bet.
>>
>> Some bets pay decent odds giving you a better chance of winning ...
>> others are "sucker bets". Playing on-line removes any "skill" a dice
>> thrower might have as well as having absolutely balanced dice. Real
>> dice are seldom absolutely balanced.
>
>All bets allowed on the table are guaranteed to pay something to the house,
>in the long run. I admit that some bets have better odds for the house than
>others. However, unless you accept the entertainment or "comp" value of the
>game to be sufficient to offset the house advantage, all craps bets are
>sucker bets.
>
Agreed the house always has some advantage in craps with perfect dice.
Dice, however, aren't perfect. Since the house odds are only about
1.5% a "hot" pair of dice can offer a significant advantage.
Shooters will ask for "cold" dice to be replaced. However the house
will replace a pair of dice that seems to be "hot" if a significant
amount of money is won. 24 rolls (usually about 5 shooters) are all
that are required to determine if the dice are rolling "true". Of
course you have to be able to do statistics in your head, no computers
allowed. The casinos routinely do the same thing and pulls dice
with significant statistical abnormalities if they are losing money.
Of course they get to use computers.
Craps is a nice way of testing a random number generator.
In this case a physical one.
Leslie 'Mack' McBride
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