Craps is the most exciting game in most casinos. It’s also often played on the streets. At its heart, craps is a simple gamewhere you bet on the shooter to succeed or fail.
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The shooter is just the person who rolls the dice.
A round of craps starts with a “come out” roll. If the shooter rolls a 7 or an 11 on the come out roll, he succeeds immediately. If he rolls a 2, 3, or 12, he fails immediately. If he rolls anyother number, it becomes the point.
The shooter then keeps rolling until he rolls the point again (succeeding) or a 7 (failing), whichever comes first.
A bet on the shooter succeeding is a pass or pass line bet, while a bet on the shooter to fail is a don’t pass bet. Either of those bets pays off at even money.
When you play in a casino, you can also take odds or lay odds when the shooter sets a point. You take odds when you place an additional bet that the shooter will make the point, and you lay oddswhen you place an additional bet that the shooter will roll a 7 first.
This is called the odds bet, and the only way you can place this bet is if you’ve already placed a pass or don’t pass bet. The odds bet has a maximum amount equal to some multiple of youroriginal pass or don’t pass bet.
The casino decides on the multiple, but the higher the multiple, the better the situation is for the player.
Here’s why.
The brilliant thing about the odds bet is that it pays off at its actual odds of winning.
- If the point is 4 or 10, a pass line odds bet pays off at 2 to 1. A don’t pass odds bet pays off at 1 to 2
- If the point is 5 or 9, a pass line odds bet pays off at 3 to 2. A don’t pass odds bet pays off at 2 to 3
- If the point is 6 or 8, a pass line odds bet pays off at 6 to 5. A don’t pass odds bet pays off at 5 to 6 odds
This makes the odds bet the only bet in the casino with no edge for the house. If you placed an infinite number of odds bets, you’d break even, because the payoff odds are the same as the odds ofwinning.
In most casino games, including all the other bets on the craps table, the payout odds for each bet are lower than the odds of actually winning. The difference between the odds of winning and thepayout odds is the house edge.
In street craps, which is basically dice played at home, almost all of the betting is done on the pass line and don’t pass lines. You need bettors who will cover both sides of the action sincethe casino isn’t there to bank the bets.
In a casino, though, you have a plethora of additional bets you can make at the craps table. The only bets worth making, though, are the pass and don’t pass bets along with odds.
The casino also offers come and don’t come bets, which are bets on rolls subsequent to the come out roll. These bets treat that roll as if it were a new come out roll.
The house edge for a pass line bet is 1.41%, and the house edge for a don’t pass bet is 1.36%. Best odds in craps. The difference ismarginal, and most players enjoy rooting together for the shooter, so they’re willing to miss out on that 0.05%.
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The house edge on the other bets on the craps table skyrockets. In the case of some of the proposition bets, the house edge is well over 10%, making these craps bets some of the worst in thehouse. If you stick with the bets I’ve recommended, you’ll be playing craps about as well as anyone could ever play the game.