Wizard of Odds Slot Machine. It always takes a little luck in order to win big at slot machines, and sometimes even a little magic. Wizard of Odds dabs into the magic theme and delivers a universe filled with spells and other supernatural phenomenon. It is entirely up to the player to harness the incredible potential of those magical artefacts to put all chances on their side!
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Why spend 2-3 hours standing around a table? It only takes a minute and $2 to buy a PowerBall ticket. What about those odds? Do you really think there will be the exact number of winners in each drawing as calculated by the statisticians? It's all about luck and the right numbers showing up to get you $123 Million next week. It's all good if you are winning the lottery jackpot; the odds are just 'crap'.
Best Casino Odds Game
Hey, if the OP has something better, lay it all out.
well 180 rolls in an hour is extreme in the first place thats a roll every 20 seconds the record is 150 4 or 157 rolls that took 4 hours and 18 minutes
With 4 players at a table, I don't think 1 roll every 20 seconds is extreme. If something out of the ordinary happens, like a 1 hour roll, or super heavy action the dealers can't handle or weird action, then 180/hour isn't going to happen.
The monster 4 hour roll probably got jammed up like a mother f***er. Just making a wild stab in the dark here, but I'm guessing 8 people on both sides, perhaps more. Really big action all around the table, come bets, place bets, line bets, and of course the prop box. Not to mention the dealers probably had a good amount of action on the table, as well. And of course, plenty of whooping and hollering, which slows the game down, because people don't pick up their bets quickly.
All these odd about craps --to me is just crap. Odds are over a duration - whatever that is. If four players are at a table for a hour it is estimated that there will be about 180 rolls of the dice. Do you really think there will be 30-7's, 25 each of the 6 & 8, 20 each of the 5 & 9, 15 of the 4 & 10, 10 of the 3 & 11, and the 2 & 12 rolled 5 times? That is what the odds are for 180 rolls. I am there for only a short time 2-3 hours and not a duration. How many times have you seen the same number repeat 3-4 times or more in a row. What about those odds? It's all about luck and the '7' not showing up! All the best are good if you are winning.
Gman711, I agree with you. In fact, I believe the Wizard himself must also agree with you that odds and his own advice about playing full odds are crap because he never does it. The point is, there is theory and then there is reality. Even the theoretical rolls per hour are far from reality on any given table depending on the given circumstances.
If you would have been down at the Golden Nugget in downtown Las Vegas this past weekend and charted the tables for over 14 hours, you would have seen more 7s than statistically possible with balanced dice. Theoretical odds are based upon balanced dice. The Golden Nugget was not paying true odds based upon the dice they were using. (Can't wait for those smart-ass answers to say play the Don'ts -- That's not the point. Tell Tom Brady it doesn't matter if he plays with properly specified balls or not.)
Gman711, I agree with you. In fact, I believe the Wizard himself must also agree with you that odds and his own advice about playing full odds are crap because he never does it. The point is, there is theory and then there is reality. Even the theoretical rolls per hour are far from reality on any given table depending on the given circumstances.
If you would have been down at the Golden Nugget in downtown Las Vegas this past weekend and charted the tables for over 14 hours, you would have seen more 7s than statistically possible with balanced dice. Theoretical odds are based upon balanced dice. The Golden Nugget was not paying true odds based upon the dice they were using. (Can't wait for those smart-ass answers to say play the Don'ts -- That's not the point. Tell Tom Brady it doesn't matter if he plays with properly specified balls or not.)
Did you chart the numbers for 14 hours? Can you provide the data so that your claim that it was statistically impossible to roll that many 7's with balanced dice?
The edge the house has is based upon not paying the correct odds on most bets, not on unfair dice. They have an advantage over every player on every roll. If someone hits a bunch of 7's, it can be a good thing or a bad thing for the players based on what their bets are and when in the playing cycle they roll a 7. Lots of 7's on the 'right side' bets coming out can be great...lost of 7's on the same side that come quickly after a point roll can be a disaster.The best thing for the house is to have fair dice. They have an an advantage that no combination of bets can overcome over time. If they used unfair dice, how would they be assured that the 7 would show up enough to help their side? What if a 6 or 8 showed up more often than 7? Those could be bet with an advantage.
I was on a table this weekend where more 12's were rolled than would be seen if the dice rolled exactly as expected. I was betting $5 on the 12 on come out rolls. I made some money that session. Thing is, I've seen that same bet lose every time I made it, too. The house collects a huge 'tax' or 'edge' when I win by not paying the bet at true odds. They don't need biased, unbalanced dice to do so.
...but I've said nothing that is any different than others say. I guess I'd just like some proof that 'unbalanced dice' are really a problem. Are they all perfectly balanced? No. Does the imperfection impact play? My thought is that if it did, it would be unpredictable...and the house would not like it any more than the payers.
Did you chart the numbers for 14 hours? Can you provide the data so that your claim that it was statistically impossible to roll that many 7's with balanced dice?
RonC, I saw the charts. They are proprietary information and I do not have the authority to share them here. Don't take my word for it, obtain and test the data yourself.
The best thing for the house is to have fair dice. They have an an advantage that no combination of bets can overcome over time. If they used unfair dice, how would they be assured that the 7 would show up enough to help their side? What if a 6 or 8 showed up more often than 7? Those could be bet with an advantage.
RonC, I could not agree with you more! Unbalanced dice will favor several numbers to the detriment of other numbers. In any event, the actual odds are adjusted so that the HA increases overall unless you know exactly what the imbalance is - who knows that except the casino and father time.
I was on a table this weekend where more 12's were rolled than would be seen if the dice rolled exactly as expected. I was betting $5 on the 12 on come out rolls. I made some money that session. Thing is, I've seen that same bet lose every time I made it, too. The house collects a huge 'tax' or 'edge' when I win by not paying the bet at true odds. They don't need biased, unbalanced dice to do so.
...but I've said nothing that is any different than others say. I guess I'd just like some proof that 'unbalanced dice' are really a problem. Are they all perfectly balanced? No. Does the imperfection impact play? My thought is that if it did, it would be unpredictable...and the house would not like it any more than the players.
RonC, exactly. Consider First that casinos can change the dice imbalance from shift to shift and table to table so that you do not know what to bet to your advantage. 12s are a good bet 1 day and the next day they may include a larger HA by design. It's Marketing 101 to switch and bait for the unsuspecting casual weekend craps player that was getting wins on his 12s Friday night so he loads up on the 12 the next day with different dice only to find out the HA on the 12 has changed and no 12s are to be found.
Consider Second:
Biased dice or Unbalanced dice are Percentage Dice that increases the casino house edge in craps.
John Scarne describes Percentage Dice on page 209 of his book Scarne on Dice. Scarne explains that whoever is using percentage dice
'… doesn’t have a sure thing, but he has a percentage in his favor that pays off in cash.
… If the dice roll long enough, … The victim (player) loses because he is playing against two opponents
– the cheat (casino) and that invisible but very dependable and powerful gentleman: Old Time Percentage.
Percentage dice, not on the level … '
The best thing for the house is to have fair dice. They have an an advantage that no combination of bets can overcome over time. If they used unfair dice, how would they be assured that the 7 would show up enough to help their side? What if a 6 or 8 showed up more often than 7? Those could be bet with an advantage.
Keep in mind that, if it's a question of changing the probability of rolling a 7, then both dice have to be unbalanced. If one die is fair, then the probability of rolling a 7 with a pair of dice will always be 1/6.
Let P1, P2, P3, P4, P5, and P6 be the probabilities of rolling a 1, 2, 3, 4, 5, and 6, respectively, on an unbalanced die, and assume the other die in the pair is fair.
Regardless of how the die is balanced, P1 + P2 + P3 + P4 + P5 + P6 = 1.
There are six ways to roll a 7; these are {1,6}, {2,5}, {3,4}, {4,3}, {5,2}, and {6,1}, where the first number is on the unbalanced die and the second is on the fair die.
The sum of the probabilities is (P1 x 1/6) + (P2 x 1/6) + (P3 x 1/6) + (P4 x 1/6) + (P5 x 1/6) + (P6 x 1/6) = (P1 + P2 + P3 + P4 + P5 + P6) x 1/6 = 1 x 1/6 = 1/6.
Think about it. No matter what number shows up on the unbalanced die, only one number on the fair die (7 minus the unbalanced die's number) will make the total a 7, and there is always a 1/6 chance of rolling that number.
Stream Date: 10-29-2020
Length: 01:08:14
Topic: Ask Me Anything (Halloween Edition)
Subjects
- Redshirt confession
- The Circa resort opens
- Sports Betting: Expired tickets
- Poker: Playing the offsuit 7-2
- Bible Trivia (throughout show)
- Blackjack: When to stop playing
- Benford's Law
- Favorite bands
- Horror Films
- TV Show: The Queen's Gambit
- Movie: The Cube
- Craps: Dice landing off the table
- Presidential election handicapping
- Online Betting: PayPal vs Bitcoin
- Mo Howard's grave
- Sports Betting: Unders and home teams
- Heads/tales vs black/red
- Texas Hold'em: Seeing flashing cards
- The Wizard's Halloween plans
- Blackjack: Hitting 15 or 16
- Death of a redshirt