Looking to talk to extremely expierenced players Dealer/ Casino employee

Discussion in 'Beginner Zone' started by Marchingt9, Jul 26, 2017.

  1. Marchingt9, Jul 26, 2017

    Marchingt9

    Marchingt9 Member

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    I want to know some of the in depth rules of the game. like what happens if I bet $9 on a Place bet of 6 or 8 and win do I get 10 or 11 dollars? What happens if I bet 5 there? Can I bet five there. Do Casinos always round up or down. Explain a Buy bet to me. What are the odds on a buy bet. All of the questions I ask are assuming the min bet is $5. I have more questions.
    Help is very much appreciated.
     
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  2. The Midnight Skulker, Jul 26, 2017

    The Midnight Skulker

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    The short answer to your questions is that casinos round payoffs down, hence you would be paid $10 on a winning $9 Place 6|8 on a live table without "birds" (actual quarters, at least I think that is what they were called) or half-dollars. (On a bubble machine you would get the correct payoff of $10.50.) The half dollar you got shorted is called "breakage". This of course assumes the casino would book the bet in the first place; many would not to protect you from yourself.
     
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  3. DeMango, Jul 26, 2017

    DeMango

    DeMango Member

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    Irregular place bets are paid to the highest true bet followed by even money. So, if accepted $9 six pays $10, $5 six pays$5.

    Buy bets pay true odds less 5% vig. Some casinos ask vig up front some on win. A $30 five pays $44 as casinos allow you to push the 5% limit.
     
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  4. von duck, Jul 27, 2017

    von duck

    von duck Member

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    :D :cool: Pretty well worded for a beginner? I'm sure someone will be along to answer your questions TD, er uh, Marchingt9.
     
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    Last edited: Jul 27, 2017
  5. basicstrategy777, Jul 27, 2017

    basicstrategy777

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    Buy my book.

    777
     
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  6. von duck, Jul 27, 2017

    von duck

    von duck Member

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    I'd rather , "book" your buy, 4/10 especially.:D :cool:.
     
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  7. basicstrategy777, Jul 27, 2017

    basicstrategy777

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    When comparing investments, one should look at ROI


    .......... my book verses a 4/10 bet..........I think my book would yield lifetime results vs. one night of blow and hookers.

    777



    [​IMG]
     
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  8. DeMango, Jul 27, 2017

    DeMango

    DeMango Member

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    Wow! That devolved quickly!
     
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  9. TDVegas, Jul 27, 2017

    TDVegas

    TDVegas Member

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    One of the reasons I like the bubble..paid to the penny. No worries, no thoughts, no rounding down...put $1-2-3-4-5-6-7-8-9-10-11-12-13-14....$99 on any number you want. Buy, place, lay. It doesn't matter. You will never be "short changed"...
     
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    Last edited: Jul 27, 2017
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  10. random_roller, Jul 27, 2017

    random_roller

    random_roller Member

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    I respectfully disagree with the above forumla. In basic terms, "Gain" (or Loss, if negative) is the difference between the starting position and the ending position. For example, I buy and then sell XYZ as follows:

    Buy Price of XYZ = $100
    Sell Price of XYX = $140
    Gain (or Loss) on Sale of XYZ = Sell Price of XYZ minus Buy Price of XYZ = $140 - $100 = $40

    Per the formula in your post, ROI = (40 - $100) / $100 = -0.60, or -60%.

    Clearly -0.60 (per my example) isn't what you had intended, but that is the result of the formula you posted. The top part of the equation should reflect the Gain (or Loss), which is the difference between the Sell Price and the Buy Price, not Gain minus the Cost of Investment (Buy Price).
     
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  11. Twelve4s, Jul 27, 2017

    Twelve4s

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  12. Twelve4s, Jul 27, 2017

    Twelve4s

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    Your book is $40. Where can i get a night of blow and hookers for $40, besides Pakistan?
     
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  13. random_roller, Jul 27, 2017

    random_roller

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    #13
  14. basicstrategy777, Jul 27, 2017

    basicstrategy777

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  15. Twelve4s, Jul 27, 2017

    Twelve4s

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    Ouch, you've been nailed again by the math guys, 777.
     
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  16. Twelve4s, Jul 27, 2017

    Twelve4s

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  17. random_roller, Jul 27, 2017

    random_roller

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    Ah, IMO the site confusingly used "Gain" in the formula. It's not a "Gain" per se, but rather proceeds. Based upon how that site defined "Gain", the formula is correct. Even so, the use of "Gain" in that formula is a poor choice of words IMO. Proceeds would have been much better, and then they could have changed the definition of proceeds to reflect amounts received from the sale of interest.

    upload_2017-7-27_9-55-50.png
     
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  18. von duck, Jul 27, 2017

    von duck

    von duck Member

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    I was booking your lays. Look back.
     
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  19. FredP

    FredP Member

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    Actually, he was nailed by the "English" people.
     
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  20. basicstrategy777, Jul 27, 2017

    basicstrategy777

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    I'm surrounded by assassins.

    777
     
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