X Research source Today, when it comes to craps, the terms "downtown table" and "strip table" don't necessarily refer to the actual location of the table, but, rather, the payout system being used. In the gambling Mecca of Las Vegas, the casinos on the famous "Strip" are renowned for their glitz and glamour, while the casinos in Vegas' lower-rent downtown area, to attract visitors, are known to offer slightly better odds in the form of more-favorable payout systems. However, the house edge is large (from about 5% - 17%, depending on the number you choose), so these bets aren't effective ways to make money. Prop bets are very risky and thus offer high payouts. You bet on a specific number, and if the next roll comes up that number, you win. Proposition (or "prop") bets are basically bets made on the next roll of the dice.However, one mitigating factor is that odd bets can be made on top of put bets, lowering the house edge on the overall wager. Since much of a pass bet's value is in the come out roll, put bets can have house edges of as high as 33.3%. In other words, you won't win on a 7 or 11 on the first roll and so on. Put bets are essentially pass bets that "skip" the come out roll.In particular, put bets and proposition (prop) bets offer very unfavorable house edges, so avoid making these bets if you're looking to make money. Only take these bets for their entertainment value - the thrill of risking your money on a long shot. Certain bets carry high house edges and are to avoided by serious gamblers at all costs. X Research sourceĪvoid risky bets with major house edges. Laying the odds against a 4 or 10 pays 1 to 2, 2 to 3 against a 5 or 9, and 5 to 6 against a 6 or 8. Making an odds bet after a don't pass bet is called "laying the odds" and is the opposite of a normal odds bet - you're betting that a 7 will be rolled before the point.The odds bet pays 2 to 1 on points of 4 and 10, 3 to 2 on a 5 and 9, and 6 to 5 on a 6 and 8. Making an odds bet after a pass bet is betting that the point will be thrown before a 7.By taking the maximum odds bet every time you make a pass or don't pass bet, you maximize your winning potential and lower the house edge on your overall wager. Odds bets usually have a maximum bet amount that is some multiple of your pass or don't pass bet - 2X, 3X, 5X, etc. However, odds bets can only be made on top of other bets, so, if you make an odds bet, the house still has an edge (albeit a diminished one) on your overall wager. Odds bets are somewhat unique in that they are truly fair - the house has no edge at all on these bets. They are often gems that provide a new proof of an old theorem, a novel presentation of a familiar theme, or a lively discussion of a single issue.Maximize your winnings with odds bets. Notes are short, sharply focused, and possibly informal. Appropriate figures, diagrams, and photographs are encouraged. Novelty and generality are far less important than clarity of exposition and broad appeal. Articles may be expositions of old or new results, historical or biographical essays, speculations or definitive treatments, broad developments, or explorations of a single application. Monthly articles are meant to be read, enjoyed, and discussed, rather than just archived. The Monthly's readers expect a high standard of exposition they expect articles to inform, stimulate, challenge, enlighten, and even entertain. Authors are invited to submit articles and notes that bring interesting mathematical ideas to a wide audience of Monthly readers.
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