The Craps Lab Presents: Craps Math - Part 4 - House Advantage Basics

The Craps Lab Presents: Craps Math - Part 4 - House Advantage Basics where you will learn what the house advantage is and how to calculate it.

In this lesson, we cover the basics of House Advantage, including what it is, the formulas involved, and a practical example of flipping a coin and determining the house advantage when offered odds on the coin flip.

I wanted to keep these videos short and sweet, but also show the house advantage for all of the Payouts I showed in Part 3. This video gets you aware of what house advantage is and how to calculate it. I was struggling getting this content out so I am breaking it into smaller, easier to consume chunks. I will update these links as I get the videos published:

The Craps Lab Presents: Craps Math - Part 4b - House Advantage Pass/Come, Don't Pass/Don't Come, and the Field

The Craps Lab Presents: Craps Math - Part 4c - House Advantage Place Bets

The Craps Lab Presents: Craps Math - Part 4d - House Advantage Center Bets

The Craps Lab Presents: Craps Math - Part 4e - House Advantage Bonus Bets

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As I mention in the video, I want to give the WizardOfOdds.com a big shoutout. I am learning a lot about calculating the house advantage from their site. Here is a reference link: https://wizardofodds.com/games/craps/...