$3 Craps Fremont
- 'Yes they have $3.00 minimum bet at Fremont, it pays 6-5. They have 2 deck $5.00 min and it pays 3-2.' This just goes to show most people don't pay attention.
- Boyd Gaming, seen above, must pay $300,000 for the detainment of a Fremont Hotel Casino slot player (Image: Las Vegas Review-Journal). No one gives a crap about your $3 craps action.
Fremont's $5-10 minimums craps tables feature some of downtown's best stick crews, smartest players and a roll counters to keep track of how many times the dice have been tossed in a given turn. Fremont Casino Your typical casino, the Fremont has 1,000 machines, including slots, video poker, and video keno, for you real degenerates. The Fremont has 24 table games with low limits, however I’m not sure if they still spread $3 blackjack and craps. There is a big area of penny slots, or as they call it, “Penny Lane.”.
The house edge on those are way bigger than usual! (Except 6,8 which are the same as if placing $6). 3 pays 4 on 5/9 and 3 pays 5 on 4/10.
So given the tremendous advantage to the casino, why don't more casinos offer such a thing?
Even with such a high house edge, I made a good amount because I am such a phenomenal craps player- perhaps the worlds best behind mustang Sally.
I am what some call a control player. Most control players control the dice. But I control my bets - oh so well. ;)
I finally thought about my $3 place bets I have so often played at The Freemont.
The house edge on those are way bigger than usual! (Except 6,8 which are the same as if placing $6). 3 pays 4 on 5/9 and 3 pays 5 on 4/10.
So given the tremendous advantage to the casino, why don't more casinos offer such a thing?
Even with such a high house edge, I made a good amount because I am such a phenomenal craps player- perhaps the worlds best behind mustang Sally.
I am what some call a control player. Most control players control the dice. But I control my bets - oh so well. ;)
The 6/8 would pay the same for $5 or $3--even money--anywhere I've played. You are still giving up something in not betting it for $6, which would payout $7...or does the casino pay the fifty cents on a $3 bet?
As discussed yesterday in another thread, the Fremont and a couple other downtown places have half dollars used exclusively for $3 place bets on 6/8.The 6/8 would pay the same for $5 or $3--even money--anywhere I've played. You are still giving up something in not betting it for $6, which would payout $7...or does the casino pay the fifty cents on a $3 bet?
Two pink chips, .25cents each.
Using 25 cent chips allows you to lay 4 and 10 for $10 and buy a $5 4/10.I finally thought about my $3 place bets I have so often played at The Freemont.
The house edge on those are way bigger than usual! (Except 6,8 which are the same as if placing $6). 3 pays 4 on 5/9 and 3 pays 5 on 4/10.
So given the tremendous advantage to the casino, why don't more casinos offer such a thing?
Even with such a high house edge, I made a good amount because I am such a phenomenal craps player- perhaps the worlds best behind mustang Sally.
I am what some call a control player. Most control players control the dice. But I control my bets - oh so well. ;)
A player playing $5 place 5 has the same expected loss as a $3 place 5 player. They are equivalent to a $1 put bet with 4x odds and 2x odds respectively. Same thing for the 10.
A player playing $5 place 5 has the same expected loss as a $3 place 5 player. They are equivalent to a $1 put bet with 4x odds and 2x odds respectively. Same thing for the 10.
A $3 dollar placed on 5 pays $4. 4/3=1.33333
A $5 dollar placed on 5 pays $7. 7/5= 1.4
Explain to me how that difference doesn't make expected loss different.
A $3 dollar placed on 5 pays $4. 4/3=1.33333
A $5 dollar placed on 5 pays $7. 7/5= 1.4
Explain to me how that difference doesn't make expected loss different.
$4*4 - $3*6 = -$2
$7*4 - $5*6 = -$2
Same for The 10:
$5*3 - $3*6 = -$3
$9*3 - $5*6 = -$3
$4*4 - $3*6 = -$2
$7*4 - $5*6 = -$2
Same for The 10:
$5*3 - $3*6 = -$3
$9*3 - $5*6 = -$3
I don't understand your math - I mean what each number is suppose to represent.
However, use English - or explain to me like I am 10 years old...
If I risk three dollars, and win four dollars - I make 133% of my original bet.
If I risk five dollars, and win seven dollars - I make 140% of my original bet.
How is that not worse to bet $3 to win $4?
I don't understand your math - I mean what each number is suppose to represent.
However, use English - or explain to me like I am 10 years old...
If I risk three dollars, and win four dollars - I make 133% of my original bet.
If I risk five dollars, and win seven dollars - I make 140% of my original bet.
How is that not worse to bet $3 to win $4?
He's looking at expected loss in dollars, not as a percentage of the initial wager. Too many people focus on expected loss relative to total wager but your loss in currency is what really matters both to your wallet and to the casino. To that point: a casino's ADT measurement for you is in dollars, not percentages.
If you risk $3 dollars to win $4 2/5 of the time and lose the $3 3/5 of the time, your expected loss is 20c. Out of the $3 initial wager, that 20c represents a 6.67% edge.
If you risk $5 dollars to win $7 2/5 of the time and lose the $5 3/5 of the time, your expected loss is *still* 20c. Out of the $5 initial wager, that 20c represents a 4% edge, which is the normally-reported edge for the place 5 bet.
But importantly, if you make place 5 bets for an hour, your expected loss is the same regardless of whether you bet $3 or $5. The variance is higher if you bet $5 but the mean is the same for both.
This is no different than saying that the hourly expected loss for making $10 pass bets with 3/4/5x odds is the same as making $10 pass bets with no odds, which it is.
Edit: I should add that it's commonly accepted that the pass bet is 'better' than the hardway bets. However, consider that the expected loss per hour for a $10 passline bettor is about $5, while the expected loss per hour for a $1 hardway bettor (any single hardway) is about $3.33. So between the two, who's making the 'better' bet?
Craps is my favorite game in the casino. Besides being fun to play, craps gives the casino one of the smallest house edge’s of most casino games. Fun game and small house edge?! Sounds good to me!
You can actually decrease the, already small, house edge by playing greater odds. The higher the odds played the less the house edge. Today I want to look at the craps odds available in Downtown Vegas casinos. Since the higher odds decrease the casino’s advantage I list casinos from the best odds to worst odds.
20x Odds
Main Street Station
House Edge: 0.099% 0.065%
10x Odds
The D
El Cortez
Golden Gate
Plaza
House Edge: 0.184% 0.124%
5x Odds
Binion’s
Downtown Grand
Four Queens
House Edge: 0.326% 0.227%
3x-4x-5x Odds
Golden Nugget
House Edge: 0.374% 0.273%
$3 Craps Fremont Oh
2x Odds
California
Fremont
House Edge: 0.572% 0.431%
$3 Craps Fremont Ohio
Even the worst odds in craps give the casino a smaller house edge than most games in the casino. Most people don’t like to max out their odds when playing craps because it’s too much action. I try to max my odds wherever I play. Minimum pass line bets in these casinos is usually only $5 so full odds isn’t too expensive.
The best craps odds don’t make the best games. I’ll get into my favorite Downtown Vegas craps games later. For more information check out Wizard of Vegas craps survey.
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