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1. House Advantage, LLC House Advantage is your “always-on” partner for excellence implementing, managing, and optimizing your loyalty program. The breadth of our expertise allows us to deploy and configure the HALo solution to meet specific requirements and goals.
2. Video poker machines look like slot machines, but they offer a better house edge—if you play the hands optimally. Depending on the pay table, the house edge for video poker can be as low as 0.5% or as high as 5% or 6%. And those are the basics of the house edge as it pertains to casino games.
3. This built-in advantage is called the house edge. In numbers, it's the the percentage of the player's bet that the casino keeps as profit, over the long term. For example, in roulette house edge is about 5%. That means for every dollar bet, the casino keeps 5¢ as profit, and returns the other 95¢ to the players as winnings, on average.

Blackjack House Advantage

The house edge, the odds advantage in its favor, represents the average gross profit the casino can reliably expect to make from each game. On the games with the lowest house edge, the smallest. Casino table games and slot machines are designed with a house advantage. House advantage is calculated according to the game that is being played, and as a percentage of the player’s wager. For example, with a house advantage of five percent, a player will lose, on average, $5 for every $100 wagered. Cost per hour of play is calculated as.

If you are playing a fair game that is a true 50/50 you would break even. Just like there is no system to win on a negative game, there is no system to win on a 50/50 game.

Since most everyone agrees that the house advantage in craps, produced by not paying off odds at correct amounts, is the reason that a winning system cannot be developed, what if there was no house advantage.
Would it be possible to produce a winning system or a few percent players advantage if the game was fair 50/50, no house advantage, so all odds paid the correct amount?
Thanks,
Derek

No.
You could create a system that generates tons of small wins for infrequent huge losses. Alternatively, you could trade off tons of small losses for infrequent big wins. Played out, though, the expectation would still be $0.00.If there was no house advantage, the casino would need to subsidize the costs of the table (mainly personnel, but also 'free' booze, electricity for the lights and cameras over the table, and the rental cost of the floor space) with profits from other games. It seems unlikely to me that any casino would be willing to do this, as craps is already more expensive to the casino than a bank of slots (I think). If there was an actual player advantage, the craps tables would likely be too busy to get close enough to say hello to a dealer, let alone make a wager. I guess if there was a casino willing to give away money to all comers in such a game, you could have a winning system just by playing the pass/come or DP/DC for a long enough time without odds.

Since most everyone agrees that the house advantage in craps, produced by not paying off odds at correct amounts, is the reason that a winning system cannot be developed, what if there was no house advantage.
Would it be possible to produce a winning system or a few percent players advantage if the game was fair 50/50, no house advantage, so all odds paid the correct amount?
Thanks,
Derek

Don't tip the dealers play all day and wait for tips from other shooters.

No.
You could create a system that generates tons of small wins for infrequent huge losses. Alternatively, you could trade off tons of small losses for infrequent big wins. Played out, though, the expectation would still be $0.00.

It is often said that the reason you can't win in the long run against a casino game such as craps is the house advantage. Based on what your saying, the house advantage has nothing to do with not being able to beat the game in the long run, the root cause is that there isn't a players advantage.
Thanks,
Derek

It is often said that the reason you can't win in the long run against a casino game such as craps is the house advantage. Based on what your saying, the house advantage has nothing to do with not being able to beat the game in the long run, the root cause is that there isn't a players advantage.
Thanks,
Derek

Derek, you have circular logic going on with your thinking. I think everybody can see that, I hope you can too.

It is often said that the reason you can't win in the long run against a casino game such as craps is the house advantage. Based on what your saying, the house advantage has nothing to do with not being able to beat the game in the long run, the root cause is that there isn't a players advantage.
Thanks,
Derek

As OG said. The House Edge means the amount of the house advantage against players with optimum play, over the long run. The opposite of the house advantage is a player advantage, or a set of circumstances that negates the house edge. The circumstances might be affected by marketing offers, game design flaws, counting blackjack, dealer errors, the players not making the best play on every hand, cheating by either the players or the house, many other things. If there isn't a players advantage, it's the same thing as saying there is a house advantage.
Mission was saying that nothing you're suggesting doing would affect the House Edge; it's always there against him. The bet structuring being examined would result in a net gain of nothing over the house. So with a 50/50 game, you're still in a 50/50 game.

As OG said. The House Edge means the amount of the house advantage against players with optimum play, over the long run. The opposite of the house advantage is a player advantage, or a set of circumstances that negates the house edge. The circumstances might be affected by marketing offers, game design flaws, counting blackjack, dealer errors, the players not making the best play on every hand, cheating by either the players or the house, many other things. If there isn't a players advantage, it's the same thing as saying there is a house advantage.
Mission was saying that nothing you're suggesting doing would affect the House Edge; it's always there against him. The bet structuring being examined would result in a net gain of nothing over the house. So with a 50/50 game, you're still in a 50/50 game.

Casino House Odds

Okay, thanks. This makes sense, the point I was trying to clear up is simply that the reason you can't win in the long run isn't that a betting system can't overcome a certain house advantage, it is that a betting system can't overcome ANY advantage, even if the game were fair.

Okay, thanks. This makes sense, the point I was trying to clear up is simply that the reason you can't win in the long run isn't that a betting system can't overcome a certain house advantage, it is that a betting system can't overcome ANY advantage, even if the game were fair.

Betting systems don't work period. Sometimes you can get lucky and win, and sometimes you lose immediately. They all fail in the long run.

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