I tried it 2 times with getting close only one time and gave up .
It was interesting to see that you have your choice of the fire or sharp bet at different tables .It seems that the bet is a lot more work for the dealers and the loss for a come out 7 is not good .
Good Rolling. :D :)
Replies:
Posted by: Skinny on September 15, 2017, 1:05 am
The house advantage on the repeater bet varies from 18% to 22% depending on the number. The chance of hitting it for a random roller varies from 1% to 2% depending on the number. This is a terrible bet.
An interesting side note is that if you want to make this horrible wager you are better off using place/buy(if commission is paid on win only) wagers and parlaying your winnings until you hit it the requisite number of times.
The HA on the 4/10 drops to 6.5% vs. 19.8% for the repeater bet.
The HA on the 5/9 remains around the same as the repeater bet at 18%.
The HA on the 6/8 drops to 8.8% vs 20.6% for the repeater bet.
So while the HA on the parlay is still high it is a lot lower than making the repeater bet.
An interesting side note is that if you want to make this horrible wager you are better off using place/buy(if commission is paid on win only) wagers and parlaying your winnings until you hit it the requisite number of times.
The HA on the 4/10 drops to 6.5% vs. 19.8% for the repeater bet.
The HA on the 5/9 remains around the same as the repeater bet at 18%.
The HA on the 6/8 drops to 8.8% vs 20.6% for the repeater bet.
So while the HA on the parlay is still high it is a lot lower than making the repeater bet.
Posted by: Dr Crapology on September 15, 2017, 11:17 am
Rose and Doc have been making this bet in practice for a couple of weeks and we have yet to win it one time. Like you, we find it not worth the effort. Thanks Skinny for the exact numbers.
Posted by: Skinny on September 15, 2017, 6:53 pm
That does not surprise me Doc.
As I said the chance of winning the bet for a random roller varies from around 50-1 up to over 100-1. Since the payouts are no where near those numbers it is not surprising the HA is in the 20% range.
You still have the same low chance of winning the place parlay. But at least it pays more, hence reducing the HA.
As I said the chance of winning the bet for a random roller varies from around 50-1 up to over 100-1. Since the payouts are no where near those numbers it is not surprising the HA is in the 20% range.
You still have the same low chance of winning the place parlay. But at least it pays more, hence reducing the HA.
Posted by: getagrip on September 15, 2017, 7:37 pm
Seems like another advantage (if you can even say advantage on a high vig bet) of using the parlay instead of the repeater bet is that you could choose if you wanted it to WOTCO or not. With the repeater bet a come out 7 wipes it all out.
I personally don't plan on betting on the repeater any time soon! :D
I personally don't plan on betting on the repeater any time soon! :D
Posted by: Finisher on September 18, 2017, 4:36 am
Getagrip I am starting to record in practice this bet . So far it has only come up one time as winner . Which is not good at all .
Good Rolling. :D :)
Good Rolling. :D :)
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