[Terry]

Sklansky has it right. Any author who tells you different either doesn’t understand it himself or is trying to sell you a phony system.

Think about this way: You lose 14 cents by putting $10 on the Pass Line and nothing you do afterward can change that.

If you bet $10 on the Pass Line at a house advantage of 1.41% you expect to lose $10 * 0.014 = $0.14.

If you bet an additional $10 odds with no house advantage you expect to lose $20 * 0.007 = $0.14.

If you take double odds you expect to lose $30 * 0.004666 = $0.14.

No matter how much odds you take, you already lost 14 cents when you put down your Pass Line bet. Adding odds makes your loss a smaller percentage of a larger amount of money, but the dollar amount lost remains the same.