SOLUTION: If you bet $5 on the pass line in the dice game of craps, the probability of losing $5 is 251/495 and the probability of making a net gain of $5 is 244/495. My question is this: H

Question 1080624: If you bet $5 on the pass line in the dice game of craps, the probability of losing $5 is 251/495 and the probability of making a net gain of $5 is 244/495. My question is this: How do you come up with the probability of 251/495 and 244/495?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
Check this article out:https://wizardofodds.com/games/craps/appendix/1/
This article explains the various derivations of craps odds (assuming you know how to play the game. By the way, the house edge, with these probabilities, is 251-244/495=1.414141%. Not much of an edge , but enough to keep casinos rich. ☺☺☺☺
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