Hypothetical gambling question

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Originally posted by: bardolator2
My scenario involved the $10K paying for a fantasy upgrade on my current trip.


Are single bets, regardless of size, ever worth anything in the comp world?
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Originally posted by: DonDiego

(A teachable moment: In the situation of a dealer showing an Ace and a player having a natural, insuring one's hand is mathematically identical to calling even money. It is left as an exercise for the reader to prove this to himself.)


Ummm..... errrr.......

Using a single deck for simplicity,......

With 2 Aces known, and 1 Ten value known, there are 49 cards left in the deck.

15 have the value of Ten
34 have a value less than Ten.

Or, approximately 4 Tens and 9 "others" for every 13 cards.

The house gains a small percentage when "Even Money" is taken, which is why it is considered a "bad bet" by many knowledgeable BJ players.

Sorry, I'm too lazy to go to Wizard for the exact percentages, chart, etc.

Am I mistaken here??

However, the semantics of Don D's statement do appear true and correct.


AND, my "scenario" with the hypothetical bet included "favorable" rules, as I had been thinking of early surrender, although I do realize that finding it would be nearly impossible, if not totally impossible.

About the same chance as my getting 10K as a "hypothetical" free wager.

How about this. Craps
Go to a 100xOdds table. I believe nextshooter.com lists that only a few still exist.
Bet your own $100 on the pass line and hopefully a point is established. Then put the $10K on odds. $100x100 = $10000. This is of course if there is no table max. If this was me, I am sure the shooters next roll would be #out.
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Originally posted by: tbone7777
How about this. Craps
Go to a 100xOdds table. I believe nextshooter.com lists that only a few still exist.
Bet your own $100 on the pass line and hopefully a point is established. Then put the $10K on odds. $100x100 = $10000. This is of course if there is no table max. If this was me, I am sure the shooters next roll would be #out.


Not "one" wager.


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Originally posted by: RoadTrip

The house gains a small percentage when "Even Money" is taken, which is why it is considered a "bad bet" by many knowledgeable BJ players.

Sorry, I'm too lazy to go to Wizard for the exact percentages, chart, etc.

Am I mistaken here??

However, the semantics of Don D's statement do appear true and correct.
RoadTrip is not mistaken.

The "Even Money" bet is, in fact, equivalent to taking insurance, so there is a slight house edge. That is, in the long-run the player will win 1½-units often enough to exceed what he will win taking the sure-thing 1-unit every time.

Therefore, if RoadTrip is accustomed to playing $10,000-per-hand regularly, a few thousand hands a day, maybe ½-million or so hands every year, or 8-to-10 million hands in a lifetime, . . . DonDiego recommends he stand on his natural and reject taking the insurance.
But if the $10,000 wager is unusually large for him, DonDiego recommends he take the sure-thing $10,000 win.

"Are single bets, regardless of size, ever worth anything in the comp world?"

I assume you thought I planned to parley the wager into a comp. That was not my plan. My fantasy upgrade depended upon either a win or a tie in the hand of Pai Gow. I would use the $10K and any winnings to actually pay for the upgrade, which I know is anathema to some here.

To answer your question, I assume a single wager of $10K is worth something, but doubt that $10K of action in any form is remotely close to being worth a suite upgrade and full food/beverage comp at a five-star hotel. $10K of theoretical loss is enough to get anyone's attention, but is very different from one losing $10K wager.
regarding the "craps" bet with the flat bet plus the 10-thousand as odds. Yes, this can be made as a SINGLE bet if the casino allows "put bets."

A "put bet" is a flat bet with odds made at ANY time -- IF the casino allows put bets.

Caesars allows put bets, but Caesars has 3x 4x 5x odds. I dont know if Casino Royale allows put bets but a phone call to their craps bit would get the answer very quickly. I also dont know their table limit. The one time I was there to watch a high roller friend, he was betting $5 DP with 100x odds and lost 25 grand in a couple of hours.

getting back to the "put bet" the BEST put bets to make are those on the 6 and 8 which are more likely to win than "put bets" on the 4 and 10 and 5 and 9.

Yeah yeah yeah... the math guys will argue that all odds have zero house advantage, but I am talking about winning. You are more likely to win with a "put bet" on the 6 and 8.
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Originally posted by: bardolator2
My scenario involved the $10K paying for a fantasy upgrade on my current trip. That means I can't wait months to settle the bet. A bet like the one you suggest would work in a different scenario.


You do understand that my suggestion was in response to the OP in this thread and not a 'scenario' of yours that I was unaware of until you posted that my suggestion would not work with it, right?

Sorry you took it wrong. I had explained my scenario in the post immediately above your Kentucky post, so I figured that you had read it.
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