Hi everybody. I have been away since late last year. If you have read the older posts you will see that I was having a lot of medical problems. I think I have most of them fixed, finally, and feel like blogging for the first time in a long while.
So, on to the topic of today. I have been trolling through Youtube recently, and seen a lot of videos on craps betting systems. They all say something about "How to win at craps" or words to that effect.
They are all bullshit and "Click bait", designed to get video views and subscribers (and eventually money) to the channel owners. They will all claim to have some kind of "never lose" system and then show a series of throws, bets and payoffs that some how "prove" that their system works. Don't believe it for a second.
Here is one that is typical of the whole bunch. https://www.youtube.com/watch?v=Tn5z8Me_phE
It's called the "Iron Cross" betting method because the bets line up in a T shape, if you happen to be standing next to the stick man. iF you were standing on the ends of the table, I guess it could be called the L or "backward L" system.
I left a somewhat snarky comment. Here it is.
"Any and all craps betting "systems" will eventually fall victim to what statisticians call "regression to the mean". Yes, in the short term you will have deviations from the norm, but if you graph all rolls, eventually you will have a perfect bell curve, with six and eight in the middle and two and twelve on the ends. As with all forms of casino gambling, money management and exit strategy are key. Start with a specific fixed bankroll and don't chase losses. If you are winning, start rat-holing your chips and play with house money. In craps you want to place most of your money on bets that have the lowest house advantage. Pass line (or don't pass) with full odds, place the 6/8 and stay the fuck away from all the prop bets. The field is a long term loser for the player as well but it can be a nice way to hedge against a craps roll on the come out or if you are making a new Come bet."
As with all casino gambling, its all about the math, people. Money management and a good exit strategy are your only friends. Do not let some 2 bit hustler seeking page views and subscribers entice you into anything foolish. The best way to play craps is to think of it as fun entertainment. Like going to see a movie or baseball game. Unlike going to a movie, however, you can sometimes walk away with more money than you started with. Sometimes a LOT more. But that's not going to happen every time and no one can guarantee it with a system.
If you really want to use gambling to earn money, you should be playing single deck blackjack. And counting cards. And tracking Aces. And masking your play. More on that next time.
So, on to the topic of today. I have been trolling through Youtube recently, and seen a lot of videos on craps betting systems. They all say something about "How to win at craps" or words to that effect.
They are all bullshit and "Click bait", designed to get video views and subscribers (and eventually money) to the channel owners. They will all claim to have some kind of "never lose" system and then show a series of throws, bets and payoffs that some how "prove" that their system works. Don't believe it for a second.
Here is one that is typical of the whole bunch. https://www.youtube.com/watch?v=Tn5z8Me_phE
It's called the "Iron Cross" betting method because the bets line up in a T shape, if you happen to be standing next to the stick man. iF you were standing on the ends of the table, I guess it could be called the L or "backward L" system.
I left a somewhat snarky comment. Here it is.
"Any and all craps betting "systems" will eventually fall victim to what statisticians call "regression to the mean". Yes, in the short term you will have deviations from the norm, but if you graph all rolls, eventually you will have a perfect bell curve, with six and eight in the middle and two and twelve on the ends. As with all forms of casino gambling, money management and exit strategy are key. Start with a specific fixed bankroll and don't chase losses. If you are winning, start rat-holing your chips and play with house money. In craps you want to place most of your money on bets that have the lowest house advantage. Pass line (or don't pass) with full odds, place the 6/8 and stay the fuck away from all the prop bets. The field is a long term loser for the player as well but it can be a nice way to hedge against a craps roll on the come out or if you are making a new Come bet."
As with all casino gambling, its all about the math, people. Money management and a good exit strategy are your only friends. Do not let some 2 bit hustler seeking page views and subscribers entice you into anything foolish. The best way to play craps is to think of it as fun entertainment. Like going to see a movie or baseball game. Unlike going to a movie, however, you can sometimes walk away with more money than you started with. Sometimes a LOT more. But that's not going to happen every time and no one can guarantee it with a system.
If you really want to use gambling to earn money, you should be playing single deck blackjack. And counting cards. And tracking Aces. And masking your play. More on that next time.
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