3 Way Craps Bet
3 Craps Betting

The odds of you winning both a pass and don't pass bet is 49.3%, making this one of the best bets to place when playing craps. If you are new to the game, then this bet is.

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LuckyPhow

Nevertheless, players get bored waiting for the result of their pass line or don’t pass line bet to come through, and it becomes all the more tempting to place prop bets to get more action. Craps wagers that you should avoid at all costs include the following. Yo (11) = 11.11% 3 = 11.11% 2 or 12 (Hi-Lo) = 11.11% Craps (2, 3, or 12) = 11.11%.
According to the 3% Rule the closer the house edge for a given bet comes to 3%, the less frequently this wager should be incorporated into one's bet pattern. From this, it follows that craps players should stick predominantly to the Line bets like Pass, Don't Pass and Come / Don't Come as the built-in casino advantage for these is below 3%.

Can't beat The Cromwell. 100x odds, great cocktail service, good dealers, usually $10 min.(sometimes $5)right in the middle of the strip.

Yup! Cromwell's 100x odds sorta put it in a category all its own. As a dedicated bottom-feeder, I get the willies just thinking about backing up my $1 pass-line bet with a black chip, even though I know how close to zero it makes the odds. But, according to the Wiz's Craps Survey, minimum bet at Cromwell craps is $10, so I would never benefit from its 100x odds.
Most Biloxi casinos have 10x odds, but the IP has 20x odds. Except on weekend nights I can often find a $5 table, which is nice. And, some Biloxi casinos -- like the Treasure Bay -- offer lower minimum bets on weekday mornings. Even with those give-away odds and table minimums, the Biloxi casinos seem to be raking in the cash.

MrV

Can't beat The Cromwell. 100x odds, great cocktail service, good dealers, usually $10 min.(sometimes $5)right in the middle of the strip.

100X odds at the Cromwell?
Whoa!
They're picking up where Casino Royale once was.
Excellent!

'What, me worry?'

MathExtremist

The point is that if your going to walk around town in 6000 dollar sweaters and 60,000 dollar watches than that person deserves to get rolled. Surface pro micro sd slot.

I don't think anyone who has expensive toys deserves to get rolled. That's like saying Sheldon Adelson deserves to get rolled because he drives around in a $600,000 Maybach.
You know who deserves to get rolled? The kind of person who knocks off a $60,000 watch using cheap Chinese parts, puts their name on it, and tries to make a quick buck off people who aspire to own luxury products but can't afford them.

Rolex Daytona Cosmograph Diamond Edition:
Donald J Trump Signature Collection:

Quote: A Blog To Watch article

No conversation about Donald Trump and wristwatches can be complete without discussing the horological atrocities created when the Donald J Trump Signature Collection was released in 2005. These were a series of watches that essentially knocked off the design of iconic luxury watches like the Rolex Daytona and TAG Heuer Monaco.

http://www.ablogtowatch.com/watches-hillary-clinton-donald-trump-2016-us-presidential-election/2/

'In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice.' -- Girolamo Cardano, 1563

WatchMeWin

Yeah, maybe the person who would wear one of those Trump watches should have some sense knocked into them too.haha

MathExtremist

But, according to the Wiz's Craps Survey, minimum bet at Cromwell craps is $10, so I would never benefit from its 100x odds.

Okay, new strategy/goal: start with $10/$25 odds and parlay it all the way up to $10/$1000 odds (and win the bet). I figure it'll take probably 5 to 7 wins in a row.
A bankroll of $500 gives me roughly 15 bites at the apple, give or take a few depending on what happens on come-out resolutions.

'In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice.' -- Girolamo Cardano, 1563

Steen

Okay, new strategy/goal: start with $10/$25 odds and parlay it all the way up to $10/$1000 odds (and win the bet). I figure it'll take probably 5 to 7 wins in a row.
A bankroll of $500 gives me roughly 15 bites at the apple, give or take a few depending on what happens on come-out resolutions.

I wrote a script to test this. You can just copy and paste it into WinCraps.

I ran a quick 500,000 roll sim with an unlimited bankroll and got the following stats:
There were 442 times that parlayed bets won at the $1000 level.
On average it took 5.29 consecutive wins to go from $25 odds to a win at the $1000 level.
On average it took about 134 attempts starting at $25 odds to reach a win at $1000 level.
Games

I'll add in some code for $500 bankroll sessions and see what happens with that.
SteenSteen

Thanks for this post from:

Okay, new strategy/goal: start with $10/$25 odds and parlay it all the way up to $10/$1000 odds (and win the bet). I figure it'll take probably 5 to 7 wins in a row.
A bankroll of $500 gives me roughly 15 bites at the apple, give or take a few depending on what happens on come-out resolutions.

Ok, I wrote a script using $500 bankroll sessions. Sessions terminate when bankroll is busted or when parlay reaches a win at $1000 odds level -- basically bust or double bankroll.
Odds Parlay Script
I ran a sim for 10,000 sessions (approx 1.7 million rolls total) which resulted in:
14% winning sessions
86% losing sessions
$14.98 avg loss per session (on approx $3135 handle per session)
19.8 avg attempts per session (parlays started at $25 odds)
1.38 avg hrs per session
This system has a lot of volatility considering the high odds factors and low combined EV's. I experimented a bit with higher win goals and found the bankroll can really soar which would be a real kick, but you'd have to have a lot of mettle to get there because even the modest win-goal here happens only once every 7.14 sessions.
Steen

LuckyPhow

Ok, I wrote a script ..

Steen,
Very informative.
Also, many thanx for sharing the code you wrote for the script. It allows folks to see how you came to the conclusions you report. Much appreciated, both for your post and for similar posts shared by others.

wilbsmitt

Ok, I wrote a script using $500 bankroll sessions. Sessions terminate when bankroll is busted or when parlay reaches a win at $1000 odds level -- basically bust or double bankroll.
Wouldn't a win at $1,000 odds level yield a bankroll increase between 4.4 times and 6 times, not double?

FleaStiff

Can't beat The Cromwell. 100x odds, great cocktail service, good dealers, usually $10 min.(sometimes $5)right in the middle of the strip.

3 Way Craps Bet

Great, particularly if you actually make use of the 100x from time to time.

3 Craps Betting

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