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Russian Craps
(A close relation
to Russian Roulette)
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The numbers on this one look really good, until you start
comparing them with typical rolls, then they kind of fall apart. But, if
you're feeling really lucky, or you have an unrelenting faith that the true
odds will hold up in the short run, this little number could be really profitable.
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It works like this; You will bet on every roll of the dice,
making a $2 bet on any seven and a $1 bet on one of the particular sevens
(6+1, 5+2, 4+3). If you lose, you double your bets and go again. On a $500
limit table you can get to the eighth level ($256 on the any and $128 on
the call) with a $765 risk, on a $1,000 table you can go to the sixth ($512
and $256) with a $1,533 risk. |
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Probabilities say that you should hit a seven one time
in six. If you can do that, with this progression you will truly do well.
The any seven bet at 5 to 1 will pay for your loses and leave you a profit
and, according to probabilities, one of three of those sevens should be
your call seven and at 15 to 1, you can really get rich on that one. |
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Sounds good, huh? The problem is that probabilities seldom
work out in a textbook fashion. You can expect to go through all eight levels
without making a winner 23% of the time so our overall expected loss is
16.6% or $16.60 of every $100 bet. |
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Personally, I've never had that kind of luck! |
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