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Re: Interesting Study
Posted: Mon May 11, 2015 9:52 am
by heavy
A seven page article with only two pages of content which, if read, really tells you nothing more than the fact that there are 8 ways to win on the Come Out versus 4 ways to lose, but once the point is established the odds shift in the casinos favor and (mathematically) you cannot beat the game. At least that's what I got out of it. Did I miss something?
Re: Interesting Study
Posted: Mon May 11, 2015 10:06 am
by Mad Professor
She also took the long-winded route to show that "random is random" and that betting on a long series of random dice events (regardless of the interval between events) will ultimately prove to be a loser.
MP
Re: Interesting Study
Posted: Mon May 11, 2015 10:19 am
by London Shooter
Maths and equations for the sake of it by the looks of things.
I quite liked the tables though on probabilities of making a profit from x number of passline bets.
Re: Interesting Study
Posted: Mon May 11, 2015 11:29 am
by bobr
I can understand how every optimistic grad student thinks that they are going to come up with a fresh, new way to debunk the gambler's fallacies with such clarity that it will cause a collapse of casino gaming and usher in a new utopia.
And then someone reads and and replies "Well yeah, obviously, but see a horn, bet a horn!"
Re: Interesting Study
Posted: Mon May 11, 2015 12:46 pm
by Knick111
Greetings Kingofdice.
For the mathematical analysis of the game of craps, I give you yaqin sun an [ F ].
Yaqin Sun you did your home work on the passline BUT you forgot to do your homework on the
DON'T PASS LINE. Not even one word on the don't pass line.
Kingofdice, and Heavy, did she make a mistake by not analysing the don't pass line ? because that's part of the game of craps.
Re: Interesting Study
Posted: Mon May 11, 2015 1:21 pm
by Wizard
Well indeed she may not have done an in-depth study of the don't pass line - which IS a part of the game of craps - as jaime1943 pointed out....
But in my view - an even GREATER omission - she did not mention even one word about the importance of taking the status of your "fish watch" into consideration prior to play - which IS ALSO part of the game of craps:-)
Slow day....
Wizard.
Re: Interesting Study
Posted: Mon May 11, 2015 3:39 pm
by Dylanfreake
If the study was on The Dont Pass side of the game , the study would have come out basically the same. There is little difference whether playing PL or DPL and taking or laying odds.
Re: Interesting Study
Posted: Mon May 11, 2015 9:33 pm
by bobr
Dylanfreake wrote:If the study was on The Dont Pass side of the game , the study would have come out basically the same. There is little difference whether playing PL or DPL and taking or laying odds.
The difference that taking odds would make is how long it took the house advantage to overcome the variance of the game. If you're playing a $5 line bet with $100 odds, your chance of being ahead after 1,000 decisions is greater than if you're just making a line bet. You're still more likely to be behind, but there would be more players in the sample group who think they've figured out a system.
Re: Interesting Study
Posted: Mon May 11, 2015 9:46 pm
by mssthis1
This study also failed to take in the consideration the effect of all those biased dice that are out there. LOL.