As a fun wedding after-party activity, my cousin Channy arranged for a set of casino tables to show up in the evening and handed out funny-money to play with. My dad and I decided to learn a new game and met up at the Craps table. I figured my math/gamer friends might find it interesting to puzzle over play strategies.
The game:
Everyone places at least the minimum bet on an area of the table called the pass line.
As the round begins a shooter (dice roller) is chosen. The shooter hands the dice to the left on subsequent rounds.
During the “Come out” phase, the shooter makes one or more rolls. If the shooter rolls 2, 3 or 12, the dealer takes all the pass line money and the round ends. If the shooter rolls 7 or 11, everyone’s money on the pass line is doubled. If the shooter rolls a 4, 5, 6, 8, 9, or 10, this number becomes “the point”.
Once a point is chosen, point bets can be made or rescinded by placing your wager into boxes numbered 3-11 (without a 7). Any subsequent rolls by the shooter will double the money of anyone’s bet in the corresponding number. If the shooter rolls “the point” number, everyone’s money on the pass line is doubled. If the shooter rolls a 7, the round ends and the dealer collects all the money still on the table.
The goal is to wager on numbers that the shooter will roll before a seven comes up. There are a bunch of special-case rules (one-off bets, rare odds bets, etc) that don’t significantly change the structure of the game, but change from table to table depending on the rules you’re playing by.
The results:
The math in Craps is neat and tidy. You’ll quickly see that it’s a losing game – like most casino games there’s no case where the odds are in your favor. You have marginally better odds playing the 6 or 8, which are second only in rolling frequency to the 7. Wikipedia have a good breakdown of various bet odds, and they’re all bad. It’s telling that they include a section devoted to calculations of “Loss per hour”.
It didn’t take me long to blow through my pile of funny money, while watching people around me get lucky breaks all evening. My strategy was to cover 6 and 8, usually two at a time, but our table threw a statistically improbable number of 9s, making the superstitious folks with bad math skills at the table filthy rich.
Mathematicians make terrible gamblers, I guess.
The game ended when a guy who’d won big at the poker table descended on our game late in the evening and bet everything he had on number 5, and it came up for him, bankrupting the dealer and pretty much finishing off our game.
It’s actually a fun game, with lots of minor winning going on while your chip pile slowly bleeds to death. You’ll have a slight edge if you’ve ever puzzled out dice-rolling odds during a tedious game of Dungeons and Dragons.
If you’re looking to actually win money, though, you’re almost definitely better off playing Poker or Blackjack. (…or bet it all on the 5!)
2 responses so far ↓
1 Angela // Aug 23, 2010 at 4:47 pm
This reminded me of my favorite example from the book The Black Swan. (Favorite because I read the question, smugly came up with the answer given by Dr. John below, and then… well, you’ll see):
“NNT: Assume that a coin is fair, ie, has an equal probability of coming up heads or tails when flipped. I flip it ninety-nine times and get heads each time. What are the odds of my getting tails on my next throw?
Dr. John: Trivial question. One half, of course, since you are assuming 50 percent odds for each and independence between draws.
NNT: What do you say, Tony?
Fat Tony: I’d say no more than 1 percent, of course.
NNT: Why so? I gave you the initial assumption of a fair coin, meaning that it was 50 percent either way.
Fat Tony: You are either full of crap or a pure sucker to buy that “50 pehcent” business. The coin gotta be loaded. It can’t be a fair game. (Translation: It is far more likely that your assumptions about the fairness are wrong than the coin delivering ninety-nine heads in ninety-nine throws.)”
You sure the dice was fair?
2 Jeff B // Aug 25, 2010 at 11:27 am
Craps sounds like crap
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