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Old 12-09-2011, 02:57 AM
Calzone Lord's Avatar
Calzone Lord Calzone Lord is offline
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Join Date: Jun 2011
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Quote:
Originally Posted by jms62 View Post
70% of the time you leave up. It's wonder the casinos are still in business.
Why is that statement questionable to you?

Let's say your whole goal is to win $50 to pay for dinner and you have $350 to start with.

If you bet the Pass or Don't Pass -- you have a 49.3% chance of winning.

So -- Bet $50 - if you lose Bet $100 -- if you lose bet $200.

Your chances of losing 3 straight are just 13.03%

Your chances of winning without losing 3 straight are 86.97%.

So... 86.97% of the time you will achieve your goal of winning $50. 13% of the time... you will be exposed as an idiot.

Thus, you can win $50 87% and they still have an edge on you.
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