Craps

Craps Guide – Know the Odds to Improve your Chances of Winning

Before you play a game of craps, it is imperative that you know the odds so that you are able to decide how you can improve your chances of winning the game. If you know the odds, you will be able to make the best bets, and this will surely give you the opportunity to increase your winnings on the craps table. To make a good decision on the craps table, it is essential that you learn about the different bets that a player can make and their respective house edges. Suffice it to say, a craps player will always have to make sure that he goes for the betting options with the least house advantage.

Below is a list of the common Craps betting options and their respective house edges:

• Place Bets – 1.51 percent
• 7 & 11 – 16.66 percent
• Don’t Pass – 1.40 percent
• Pass Line – 1.41 percent
• Buy Bets – 4.76 percent
• Big 8 - 9.09 percent
• Big 6 – 9.09 percent
• Don’t Come Bets – 1.40 percent
• Come Bets – 1.41 percent
• Any Craps Bet – 11.11 percent
• Field Bets – 5.55 percent
• Hard Ways – 9.09 percent or 11.11 percent

There are two ways by which you can place a hard ways craps bet. The first is with a 6 and 8. This craps bet has a payout of 9-1 and a house percentage of 9.09 percent. The second hard ways craps bet is the 4 and 10, which has a payout of 7-1 and a house advantage of 11.11 percent.

Evening Out the Craps Odds in your Favor

Each dice throw in a craps game is unique and independent from the other dice throws. This means that there is no way for a player to really predict with certainty the outcome of the succeeding dice throw. What a player must do is determine the craps betting options that offer the best odds. This means that you need to make the best betting options to increase your chances in winning a dice game.

The first thing that a player should know when playing a game of craps is how to place their bet on a pass line, and from there learn how they can use the betting odds to increase their chances of winning by reducing the house advantage. The pass line is the type of craps bet that is made before a dice is thrown, and you win if a 7 or 11 comes out from the dice throw. You lose if a 2 or a 3 or a 12 comes out from the dice throw. On the other hand, you obtain a point if the dice throw comes out with number from 4 to 10, and this is the number that the craps shooter will roll prior to a 7. You can apply the odds under this game situation.

Craps Betting Odds – The Best Betting Options

The betting odds can leverage the edge of the house and improve the player’s chances of winning the craps game. You can do this by following this procedure. After a player places his bet on a pass line and the craps shooter achieves a point, the house may allow you to place another bet. This follow-up bet is referred to in craps gaming circles as the odds bet. This second bet is placed behind the initial bet on the pass line. In the event that the craps shooter makes their point, you will win on the bet you made on the pass line. You obtain true bets for the craps odds bets that you make and this reduces the house edge.

The true odds are as follows:

• You get a payout of 2:1 if you obtain a 4 or 10 point
• You get a payout of 3:2 if you obtain a 5 or 9 point
• You get a payout of 6:5 if you obtain a 6 or 8 point

The pass line has a house edge of 1.41 percent. When a player makes an odds bet, the house edge is further reduced. A craps bet on the pass line that bears single odds will have a house advantage of 0.85 percent. On the other hand, a bet placed on a pass line with double odds will have a house edge of 0.61 percent. A player can also take 4 to 6 times betting odds, and these will largely depend on the obtained point number.

• You get 3x betting odds if you obtain a 4 or 10 point
• You get 4x betting odds if you obtain a 5 or 9 point
• You get 5x betting odds if you obtain a 6 or 8 point