However, when a point
number -- 4, 5, 6, 8, 9, or 10 -- is rolled, the
Pass Line bet does not win or lose. The shooter
now has to make that point before he rolls the dreaded
7. And what of all those Any Craps bets you’ve
been making for a buck? What happens to them? The
24 times on average that a point number rolls is
a loser for the Any Craps bet. So the Pass Line
win is now reduced by $24. Still, by the end of
the betting sequence, and in the long run, the hedger
is guaranteed a win on the Pass Line come-out rolls
of $16. Has our hedger successfully protected his
Pass Line bet from being diminished by the craps
numbers? No.
Why the Classic
Hedge Increases the House Edge!
At first, advocates
of hedging will be delighted to look at the above
figures and see just how “protected” their
Pass Line bet is by the Any Craps hedge. But can
hedging advocates answer the following question
in the affirmative: “Will I win more or lose
less by betting this way?” Sorry, you’ll
lose more. Here why:
If you merely played the Pass Line sans hedging,
you would have won $40 on the eight times the 7
and 11 appeared, lost $20 when the 2, 3 and 12 appeared;
yet, you would have been ahead $20 for the full
sequence in the long run. Contrast that with our
hedger who wins only $16. The cost for hedging is
a 20 percent reduction in our overall Pass Line
come-out win in the long run. In this case hedging
is a bad investment.
So, my advice is to
take a pass on the Pass Line hedges.
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