Las Vegas

[crazy canuck]

Exactly what I do.

I'm curious if you ever bet any of the red propositions.  How do you feel about betting Don't Pass?

I almost never bet the exotics.  I am pretty methodical.  Bet the Pass Line, keeping making Come bets and leverage everything to the max.

I really hate the folks that bet against the shooter on the Don't Pass line.  I think the game is a lot more fun when everyone is winning together.   Generally when I see that happening I pick up my chips and go to another table.

[Admiral Yi]

Max odds all the time?  You don't vary the odds based on the "hotness" of the roller?

[DGuller]

Max odds all the time?  You don't vary the odds based on the "hotness" of the roller?

[Admiral Yi]

You do understand the logic of house odds, don't you?

[DGuller]

You do understand the logic of house odds, don't you?

I'm not sure I do, I've never played craps.  I just know that making gambling decisions based on "hotness" of any kind are at best neutral to your expectation.

[Admiral Yi]

I'm not sure I do, I've never played craps.  I just know that making gambling decisions based on "hotness" of any kind are at best neutral to your expectation.

The logic of house odds is that if you play long enough you are guaranteed to lose.  So you can choose to place the same bet every time in the certainty that you will lose, or you can choose to increase your bet on hunches, intuition, superstition in the hopes you will win or at least lengthen the time before you lose out.

[DGuller]

The logic of house odds is that if you play long enough you are guaranteed to lose.  So you can choose to place the same bet every time in the certainty that you will lose, or you can choose to increase your bet on hunches, intuition, superstition in the hopes you will win or at least lengthen the time before you lose out.

Where is the "logic" part?

[Admiral Yi]

Where is the "logic" part?

The mathematical certainty that the house always wins in the long run.

[Monoriu]

Every time I went to Las Vegas, I was tempted to buy stocks in gambling companies. The House always wins. 

[DGuller]

Every time I went to Las Vegas, I was tempted to buy stocks in gambling companies. The House always wins.

When was the last time you checked the stocks of all the major Vegas casino holding companies?

[Monoriu]

When was the last time you checked the stocks of all the major Vegas casino holding companies?

I never did  Figured that they are all run by mafia will keep profits to themselves, instead of sharing them with small investors.

[DGuller]

Where is the "logic" part?

The mathematical certainty that the house always wins in the long run.

Yes, that one is obvious.  I just don't see how the part that came after that helps.  If you have a fixed amount of money to lose, then betting big will make you lose it quicker on average.

[DGuller]

When was the last time you checked the stocks of all the major Vegas casino holding companies?

I never did  Figured that they are all run by mafia will keep profits to themselves, instead of sharing them with small investors.

None of them are run by the mafia anymore.  A lot of them are run by receivers, though, or about to be.

[Monoriu]

None of them are run by the mafia anymore.  A lot of them are run by receivers, though, or about to be.

Yeah, same thing in Macau.  A lot of the holding companies are from HK.  Casino stocks were hot 2 years ago.  Now they are all in cents territory. 

Thank hod I didn't buy any.

[Habsburg]

Have fun!