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| by Larry Edell, published on Wednesday,
October 3 2001 |
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| “They have full double odds here, you’ll like it”,
she said. We arrived at the craps area. “Doesn’t that mean they just pay
2.5 odds on the 6 and 8?” She squeezed into an obviously crowded table,
dragging me with her. “No, actually full double odds pays 3X odds on the
six and eight. Anyway, I have a hunch we should play here. ” Apparently
the previous shooter had made his point and the table was still full of
chips. Black chips. We both bought in for $300 each. The shooter rolled
a nine, and I was about to make a $25 come bet. “Bet $30" Joanie said. I
added a red chip. ”Why?” “You’ll see.” Joanie also made a $30 come bet.
The shooter rolled a six. I was about to toss down $60 in odds and
Joanie stopped me again.” On a $30 flat bet you can add $100 in odds.”
She tossed down a black chip and I did the same. We also made another
$30 come bet. The shooter rolled a five and I looked at Joanie and asked
“$60?” “Nope, on the five and nine, you can add $80 in odds.” We both
did so, but we didn’t have much money left so we didn’t make another
bet. A four. An eight. A six! Joanie cheered! “See we get $120 for our
$100 odds bet. If we had bet $60 odds on a $30 come bet on the four we
also would get back $120. Want to guess what we’ll get WHEN the shooter
throws a five?” I scratched my head. “Could it be $120?” “Yup. Full
double odds equalizes the paybacks, so that odds can easily be explained
and paid on $30 flat bets. On a $30 flat bet, you can add $100 in odds
to the 6 and 8, $80 to the five and nine, and $60 to the four and ten.
All of these odds result in payoffs of $120.” We looked toward the
shooter. He threw a five! We were paid and Joanie counted her chips.
“See if we had double odds on the 5 and 6, we would have gotten back $90
for the five, and $72 for the six, a total of $162 for the odds only.
But with full double odds, we get $120 for the five, and $120 for the
six, or $240!” I put the chips in my pocket. “That’s great, want to play
some more?” “No, I have a hunch we should quit now.” The shooter’s new
point was nine. The next roll was a seven. We went to dinner. The moral
of the story is that full double odds are much better than double odds.
And, always play your hunches! |
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