Michael Shackleford, who is also known as the 'Wizard of Odds' and the author of 'Gambling 102,' gives a quick rundown on the best strategies for playing fou. 'Wizard of Odds' Uses Math To Beat the Casinos. By Clara Moskowitz 21 January 2011. Michael Shackleford, also known as the Wizard of Odds, uses math to improve his gambling. For players, Wizard of Odds craps requires a strategy that takes the odds of rolling certain numbers on the dice into account. It is difficult to roll the same number two times in a row. The odds and the payout is higher if the same number is rolled twice. But, as with any casino game, the house edge is favourable to the casino.
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The odds are against them.
Players seem to forget that casino games have a built-in advantage for the house.That is, losing is the expected result. The casinos didn't build their hugeresorts because they got lucky, they built them from the profit that's engineeredinto every game they deal. As the Wizard of Odds says in his Ten Commandments of Gambling, 'Thou shalt expect to lose.'
They're not trying to win.
For some people, the fun isn't the chance of winning, it's the experience of playing.Craps can be an exciting game, with everyone shouting and cheering each roll ofthe dice. Many players just want in on that experience, and buy in for $20, $40,$100, $500 or even more with no real anticipation of winning. These are the playerswho think nothing of making a continued pattern on the Proposition Bets for thesheer excitement should one of them hit. Most of these players can afford to lose,see no need to learn the real percentages on the table, and couldn't care less aboutthe table odds offered in the casino they're playing in. These players usually constitutethe majority of the house winnings at the end of each shift.
They're superstitious.
Superstition the root of all evil at the craps table. To completely list the widerealm of superstitions that are manifested at the craps table we'd need severalpages. Superstitious players play without any consideration of simple mathematicsand are destined to failure over the long haul.
They're not capitalized to weather short-term losses.
Many players would have wound up showing a profit if they hadn't gone bust first,from being undercapitalized. The vast majority of players do not have a plan, havevery little discipline, are short on patience, and are just plain unrealistic. Forany player to think that they can buy in to a craps game with anywhere from $20to $500 and leave the table with thousands and thousands is just not facing reality.If you are serious about winning at the craps table you need to answer the followingquestions, before they start playing:
- How much is in my bank?
- How much will I be satisfied to win?
- How long do I intend to play?
- When should I quit?
If your ratio of bank to anticipated win is not realistic you can not be serious.
They make bad bets.
The craps layout has some very good bets and some very bad bets. It's a simple matterto stick to the good bets (Pass, Come, Don't Pass, Don't Come, backed with an Odds bet), but most players don't. Instead of stickingto those they insist on also playing these losers:
- The Proposition Bets in the middle of the table.
- Place Bets on the outside numbers (5,9,4, and/or 10).
- The Hardways
They fail to make the Free Odds bet.
The Free Odds bet has no house advantage and can increase your chances ofwalking away a winner if you play it properly. But most players fail to take themaximum odds offered by he casino. See our article on the Free Oddsbet
| Your idea stinks. | No votes (0%) |
| Decent idea, but not worth pursuing. | 4 votes (26.66%) |
| Good enough to try to sell. | 5 votes (33.33%) |
| I'm a bigot. | 6 votes (40%) |
15 members have voted
Administrator
Odd bet
| Event | Pays | Probability | Return |
|---|---|---|---|
| Odd -- 5 to 11 | 1 | 0.444444 | 0.444444 |
| 3 | 0.5 | 0.055556 | 0.027778 |
| Even | -1 | 0.500000 | -0.500000 |
| Total | 1.000000 | -0.027778 |
Even bet
| Event | Pays | Probability | Return |
|---|---|---|---|
| Even -- 4 to 10 | 1 | 0.444444 | 0.444444 |
| 2 or 12 | 0.5 | 0.055556 | 0.027778 |
| Odd | -1 | 0.500000 | -0.500000 |
| Total | 1.000000 | -0.027778 |
What do you think of the idea?
Let the record show I posted this on Oct. 13, 2013.
The odds are against them.
Players seem to forget that casino games have a built-in advantage for the house.That is, losing is the expected result. The casinos didn't build their hugeresorts because they got lucky, they built them from the profit that's engineeredinto every game they deal. As the Wizard of Odds says in his Ten Commandments of Gambling, 'Thou shalt expect to lose.'
They're not trying to win.
For some people, the fun isn't the chance of winning, it's the experience of playing.Craps can be an exciting game, with everyone shouting and cheering each roll ofthe dice. Many players just want in on that experience, and buy in for $20, $40,$100, $500 or even more with no real anticipation of winning. These are the playerswho think nothing of making a continued pattern on the Proposition Bets for thesheer excitement should one of them hit. Most of these players can afford to lose,see no need to learn the real percentages on the table, and couldn't care less aboutthe table odds offered in the casino they're playing in. These players usually constitutethe majority of the house winnings at the end of each shift.
They're superstitious.
Superstition the root of all evil at the craps table. To completely list the widerealm of superstitions that are manifested at the craps table we'd need severalpages. Superstitious players play without any consideration of simple mathematicsand are destined to failure over the long haul.
They're not capitalized to weather short-term losses.
Many players would have wound up showing a profit if they hadn't gone bust first,from being undercapitalized. The vast majority of players do not have a plan, havevery little discipline, are short on patience, and are just plain unrealistic. Forany player to think that they can buy in to a craps game with anywhere from $20to $500 and leave the table with thousands and thousands is just not facing reality.If you are serious about winning at the craps table you need to answer the followingquestions, before they start playing:
- How much is in my bank?
- How much will I be satisfied to win?
- How long do I intend to play?
- When should I quit?
If your ratio of bank to anticipated win is not realistic you can not be serious.
They make bad bets.
The craps layout has some very good bets and some very bad bets. It's a simple matterto stick to the good bets (Pass, Come, Don't Pass, Don't Come, backed with an Odds bet), but most players don't. Instead of stickingto those they insist on also playing these losers:
- The Proposition Bets in the middle of the table.
- Place Bets on the outside numbers (5,9,4, and/or 10).
- The Hardways
They fail to make the Free Odds bet.
The Free Odds bet has no house advantage and can increase your chances ofwalking away a winner if you play it properly. But most players fail to take themaximum odds offered by he casino. See our article on the Free Oddsbet
| Your idea stinks. | No votes (0%) |
| Decent idea, but not worth pursuing. | 4 votes (26.66%) |
| Good enough to try to sell. | 5 votes (33.33%) |
| I'm a bigot. | 6 votes (40%) |
15 members have voted
Administrator
Odd bet
| Event | Pays | Probability | Return |
|---|---|---|---|
| Odd -- 5 to 11 | 1 | 0.444444 | 0.444444 |
| 3 | 0.5 | 0.055556 | 0.027778 |
| Even | -1 | 0.500000 | -0.500000 |
| Total | 1.000000 | -0.027778 |
Even bet
| Event | Pays | Probability | Return |
|---|---|---|---|
| Even -- 4 to 10 | 1 | 0.444444 | 0.444444 |
| 2 or 12 | 0.5 | 0.055556 | 0.027778 |
| Odd | -1 | 0.500000 | -0.500000 |
| Total | 1.000000 | -0.027778 |
What do you think of the idea?
Let the record show I posted this on Oct. 13, 2013.
also. I think I didn't take it seriously because it takes
a long time to resolve the bet.
That pay 1:2 is OK for Lay bets
a one roll bet with it.
$5 pays
$25 pays
even if it is made even
$26 pays $13
not a clean payoff. Think of the dealer that has to pay
5 of those bets on one winning roll.
Great for electronic Craps
here is another
you may know the inventor
Odd and Even
http://www.olympiangaming.com/odd-and-even/
Administrator
here is another
you may know the inventor
Odd and Even
Oh, I didn't know Stacy already had the idea. Great minds think alike.
Oh, I didn't know Stacy already had the idea. Great minds think alike.
How many rolls on average does this take before
it's resolved?
Administrator
How many rolls on average does this take before
it's resolved?
1
1
Is this true on a 3 felt table ?
I've had this idea for years but am tired of letting it rattle around in my head, so I'm just going to throw it out there for anyone to steal.
Very generous of you, but if someone took it and made millions, I don't think you'd be too happy ;)
The game is approved in NV,
not sure why it has not been picked up yet,
it's a no brainer since as you know nobody plays the big 6/8 anyway.
It is played.
Most Craps players know who plays them.
not being a racist here. just stating a fact.
That is why many tables still have it.
I still see it on many tables across the US, except in AC.
With Odd and Even, IMO
a 4:5 payout on a 2,3 or 12
it becomes a messy payout for many amounts bet.
(except for those $25 unit bets, that would be an exception)
Not to mention mistakes that could be made with a payoff
that would be difficult for peek to see if it was paid correctly.
$15 pays $12
3 red chips gets 2 reds and 3 whites
Wizard Of Craps Practice Game
Wiz Of Odds Craps
or the players are dropping $3 to get $15too messy. (I had boxmen that used that word a lot)
too much work to follow.
Wizard Of Odds Craps Game
good for electronic crapsmaybe Rapid Craps by shufflemaster.
Last time I looked they had the Big 6&8
Reminds me of the over/under 7 bet the CalNeva in Reno had years ago at 4:3
(I recall other houses had it too)
High rollers bet the crap out of it.
$100 pays, $200 pays
these were just messy messy bets to pay
