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Author Topic: PlaneShift's first Gambling Game  (Read 2831 times)

grenkar

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« Reply #15 on: April 11, 2006, 06:15:08 am »
right, because if I wanted this to be an in character forum I would have placed RP in the title.
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Gluonite

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« Reply #16 on: April 11, 2006, 11:37:31 pm »
Sorry folks, I guess I\'m the one who started with the OOC: tag. Of course this is all ooc, but I just wanted be clear about who has the gambling problem here.  ;)

/consensus points at Gluonite


Boxcars!
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"Monkeys. You can never go wrong if you use monkeys."

Gabriel_

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« Reply #17 on: April 12, 2006, 05:18:38 pm »
Gotta say that the odds on Scratch 24 aren\'t all that appealing.

Without the mule call, picking 8 gives the best possible returns, a gain of about 2.8% per roll. With the mule call rules, I\'m losing at least 17.75% on every single roll, and much more on most. Of the best non-mule options, a 4 yields a 29% loss and a 14 yields a whopping 70% loss.

And if I score the jackpot... bet on a 24 and make my 512-to-1-against roll... I get a whopping 5X return? No thanks. I think I\'ll save my trias.

(For reference, compare your 17.75% edge to a Vegas casino\'s edge in craps of 0.14%.)
« Last Edit: April 12, 2006, 05:23:30 pm by Gabriel_ »
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grenkar

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« Reply #18 on: April 13, 2006, 05:32:42 am »
I don\'t think that the odds are really that bad, though you were right about the jackpot (sh don\'t tell anyone).  I did a trial game and I was worried I would be losing money.

Comparing the odds to craps isn\'t really fair considering craps has the best odds you can get.  If you wanted to compare 24 scratch to any real gambling game, I would suggest roulette.  Tons of people play that regardless of the odds.
« Last Edit: April 13, 2006, 06:24:13 am by grenkar »
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Gabriel_

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« Reply #19 on: April 13, 2006, 06:00:46 pm »
5.26% edge on a double-0 wheel, or 2.7% edge on a single-0 wheel. Scratch 24 has worse odds than a septuple-0 roulette wheel, and I\'m pretty sure that wouldn\'t get too many takers.

\"I was worried I would be losing money...\" If this is a worry maybe you shouldn\'t be gambling? =) As long as your edge is positive you\'ll make money in the long run, assuming you have the cash reserves to keep playing through unlucky streaks. And if you don\'t have any customers, you won\'t be losing money but you won\'t make any either...
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grenkar

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« Reply #20 on: April 14, 2006, 07:47:57 am »
Gabriel if you don\'t wish to play the game then don\'t play it.  You don\'t have to go and make a scene on the forums.
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Gluonite

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« Reply #21 on: April 14, 2006, 06:19:13 pm »
Actually, I appreciate his analysis.
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grenkar

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« Reply #22 on: April 15, 2006, 03:43:53 am »
ok gabriel I guess you win because I got an extremely low turnout.  

I would be great though if you could help me out with the odds if I were to try to make a new gambling game.
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