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Improving on Bold Play at Craps

Author

Listed:
  • S. N. Ethier

    (University of Utah, Salt Lake City, Utah)

Abstract

We derive heuristically a strategy we believe to be nearly optimal at craps (in the sense of maximizing the probability of reaching a specified goal). We then prove rigorously (with the aid of a computer) that this strategy is superior to bold play on “don't pass,” regardless of the ratio of one's initial fortune to one's goal.

Suggested Citation

  • S. N. Ethier, 1987. "Improving on Bold Play at Craps," Operations Research, INFORMS, vol. 35(6), pages 814-819, December.
    • Handle: RePEc:inm:oropre:v:35:y:1987:i:6:p:814-819
    DOI: 10.1287/opre.35.6.814
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