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PROBABILITY CALCULATIONS: BEER IS NOT GOOD FOR A WINE/COGNAC MAN!
I did make a mistake in my calculations regarding the Sic Bo game, specifically the Single Dice Bet (SDB).
Indeed, the odds of NOT-WINNING (losing) are calculated as EXACTLY 0 successes in 3 trials for probability p = 1/6; result: 57.87%. No arguing here. That translates to 216 * 0.5787 = 125 situations. THAT’S A GIVEN. Nobody can change that negative result for the Player: 125 losing situations out of 216.
The winning situations for the player are calculated as at least 1 success in 3 trials for probability p = 1/6; result: 42.13%. That translates to 216 * 0.4213 = 91 situations.
IF the casino would ALWAYS pay 1 to 1, the house edge would be: (125 – 91) / 216 = 34 / 216 = 15.74%.
But the casino tries to sweeten the deal for this particular bet. They do add 17 situations to the original 91 winning situations for the player. Now, the house odds calculations changed to:
(125 – 108) / 216 = 17 / 216 = 7.87%.
This is DEFINITELY the correct house edge at the casino game of Sic Bo, the Single Dice Bet (SDB).
IF the casinos would pay 12 to 1 for the triple (as I saw on some Sic Bo layouts), the edge would be even better for the player: (125 – 117) / 216 = 3.7%. But it would not be 0% even then. Still worse than French roulette, albeit better than American roulette — but the thing is, it’s only hypothetical.
ADVICE: Sic Bo is NOT a good game. I stay away from it.
That’s what science is all about. The truth is above anybody and anything. Shame has no place in searching for TRUTH.
Curious how Cyber World functions! As wrong mathematically as my latest writings here were, my website BENEFITTED! I noticed a serious increase in traffic and in advertising earnings! But, no, thanks! I wouldn’t make mistakes intentionally in order to get an increased Web traffic!
Ion Saliu,
Truthfully At-Large
PS
It’s not about beer only. The few times I lost in a casino: I had drinks while gambling. It was mostly beer, but martini, too.
IS
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