Long term and short term

[AndrewG]

Here are the 99% confidence intervals (1% chance of being outside this confidence interval) of the house edge (-1.41%) as a function of the number of pass line (or come) bet resolutions:

Thanks for this information but it has nothing to do with my question or my point. Don't the stats in the chart posted by Mr Tableplay relate to all "points"?

I'm simply saying that each roll of the dice is resolved with each roll, so there is no long term.

Set the point of 6 and you have a five out of six chance of winning on the next roll. It's that simple.

I'm starting to suspect that you are all very smart people who cannot look at the simple question and must report a complicated answer.

Ask an expert if it's raining and you'll get a dissertation on precipitation.

The long term is why casinos stay in business. If they did not have a long term advantage they would have to close their doors.

The short term is why people keep gambling. You can win against the house edge on a single roll of the dice, but the casino will always (99.99999999999999999999999999999999999% of the time) come out ahead over billions of rolls.

Honestly not sure what it is you are having trouble understanding.

You don't understand.

In craps the casino has the edge on every right way roll. It has nothing to do with short term or long term.

The casino also has an edge on the first don't come or don't pass roll, and then the casino is compensated by paying less when odds are added to the DP or DC flat bet.

Long term or short term doesn't matter. The odds don't change whether it's one roll or 100,000 rolls.

What else do you argue about here?

And just in case craps is too complicated for you, when in the short term does a roulette player have an edge?