And at the end, I’ll reveal how I did gambling on the cruise following the lessons learned from this analysis. We’ll see that house edge matters, but the risk of each strategy (how much your winnings can vary from session to session), and your chance of losing everything can also be important points to consider when choosing a betting strategy. This scenario brings to light a few really interesting concepts in craps, gambling, and statistics at large. After that hour, and their bets finish out, what is their net winnings? To go beyond just looking at the house edge, I programmed the simulator with a realistic scenario: someone (i.e. me) walks up to the table with $200, on a table with minimums of $10, and plays for about an hour. I wanted to use my craps simulator to test this theory with a few other common strategies.

If you read any craps book (or amateur blog post), they will tell you that the best bet in craps is the pass line bet with as many odds behind it as the casino will allow. Well, back in March, I was fortunate enough to be going on another cruise and wanted to know the best strategy for myself at the craps table. Craps: Best Strategies on a Budget CRAPS, DATAVIZ, SIMULATION Sean Kent July 31, 2019įor those that read my last post, you’ll know that if I’m in a casino (especially on a cruise ship), it’s pretty likely I’ll be playing craps.

Come bets craps pit