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Friday
Feb272009

100X Odds in Craps Crazy

I am going to apply, Tim, the Woody Hayes axiom of football to this gambling question: There are three things that can happen when you throw the ball, and two are negative; an incompletion or an interception. The same holds true when taking 100X odds on a solitary wager. You could lose, and simultaneously, get wiped out, all in one throw of the dice.

Taking odds can be an expensive proposition, especially when dealing in multiples of 100X odds.

True, with the house edge on this bet a puny 0.09%, you are getting one of the best bets the casino has to offer, but, as minuscule as 0.09% is, you are exposing your entire bankroll ($202) to embrace this wager.

It takes just one seven wielding its ugly face and you’ll be begging for badly needed free drinks in the keno lounge. 

I’ll be the first to agree that the suggestion in your question is a sound gambling strategy, and I especially like your pursuit of a $2 table. But let us all not forget one important thing: All craps bets come at a cost. Craps is a negative expectation game, meaning that, no matter how you bet, even a $2 wager with 100X odds, the house has an edge on your action.

A crap game that offers 100X odds is for players who typically wager between $25-$50 per hand, not a $2 player. It takes more than nerve to put your entire $202 bankroll on the line and wait for a 4 to roll. Capiche?

 

 

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    Dear Mark: The casino I play in offers 100X odds, and I figure that by taking them I am offering myself the best opportunity to win. So what are your thoughts on a sole $2 pass line wager backed up with 100X odds? I feel I have a better chance of coming out ahead than by betting $2 and double odds and trying to grind it out. Tim H.

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