I’ve never read a blog post or an article about the game of craps or craps strategy that didn’t mention how exciting the game is.
How to win at craps begins with an expendable bankroll Actually, this is how to win at gambling overall (ex. Craps,roulette,black jack,slots etc) However, winning casino craps hinges on this. Here's the most important key - To win money at craps: DO NOT gamble with money you can't afford to lose. Craps is an exciting casino dice game that can be as simple or as complicated as you want to make it. The best tips to win at craps involve simplifying the learning process, taking it one step at a time, and betting as much as you can on the best craps bet in the casino.
Okay. Now that we have that out of the way.
The purpose of this post is to introduce you to the 10 most fundamental concepts in craps strategy. This is not a get rich quick scheme. I don’t have any systems to sell you.
My only interest is in helping you save money at the gambling tables and have fun while you’re doing it.
The truth is that craps is a negative expectation game. If you play long enough, you’ll eventually go broke.
But you can get more entertainment for your money if you understand some of the basics of craps strategy.
1- Start Your Craps Career by Sticking with the Most Easily Understood Bets on the Table
The basic bets in craps are the pass and don’t pass bets. These are bets on whether the shooter “succeeds” or not. These are also the best bets on the table. The house edge for each of those bets is, respectively, 1.41% and 1.36%.
Both those bets pay even money, which make them marginally less exciting than some of the other bets. But the payout isn’t what’s important for each bet. It’s the house edge.
That’s a mathematical estimate of how much of each bet you expect to lose on average over the long run. It’s always expressed as a percentage.
If you bet $100 on every roll of the dice and place the pass bet every time, the casino expects your losses to average $1.41 for every bet you place.
This is exceptionally low compared to most bets at most other casino games. In fact, it’s significantly better than most of the other bets at the craps table.
At an average craps table, you’ll see about 100 rolls of the dice per hour. If you lose $1.41 on average for each of them, you’ll see an hourly loss average out to $141.
That sounds awful until you compare it to other games like slot machines, which usually have a house edge of 7% or more, or roulette, which has a house edge of 5.26%.
Most of the time I recommend taking the bet with the lowest house edge, but in craps, I think it’s so much more fun to root for the shooter that it’s worth the 0.05% difference in house edge.
2- Continue Your Craps Career by Placing One of Only 2 Bets in the Casino with a House Edge of 0%
A bet with a house edge of 0% is a bet that will break even in the long run. I only know of 2 bets in the casino with a house edge of 0%:
- 1. The double up bet in video poker
- 2. The odds bet in craps
When you’ve made a pass or don’t pass bet in craps, you can place a 2nd bet if and when the shooter sets a point. You win this 2nd bet if the shooter succeeds if you placed a pass bet, and you win it if the shooter fails if you placed a don’t pass bet.
The tricky thing about the odds bet is that it isn’t labeled on the craps table. You place the bet by putting the additional chips behind your initial pass or don’t pass bet.
Since this bet has no house edge, it’s an opportunity to get more money into action without any real long-term risk.
Some writers combine the 2 bets together for purposes of illustrating the total house edge on the 2 bets combined. I don’t see much point in doing that.
I can tell you, though, that the best strategy decision you can make in craps is to take the biggest odds bet that you can, every time it’s available.
The odds bet is part of what causes the crazy streaks of luck in the game, but that’s also part of the charm of craps.
3- Stay Far Away from the Bets in the Center of the Table
Not every bet at the craps table offers good odds. In fact, most of the bets offer lousy odds. I mentioned earlier that you can measure how good a bet on a casino game is by how low the house edge is.
Let’s take a look at the house edge for some of the bets in the middle of the craps table:
The “any 7” bet pays off 4 to 1 if the shooter rolls any total of 7 on the next roll. The odds of winning that bet, though, are 5 to 1. The difference is the house edge.
- Assume you bet $100 on any 7 for 36 rolls. And also assume that you have a perfect distribution for those rolls.
- You’ll win that bet 6 times, but you’ll lose 30 times.
- With a 4 to 1 payout, you’ll win $400 X 6, or $2400.
- But you’ll have lost $100 X $30, or $3000.
- Your net loss is $600.
- Since you placed 36 bets, you can average the amount lost into the number of bets to get your average loss per bet. In this case, it’s $16.67, which is 16.67% of $100.
And that’s just one example.
The house edge on the various bets in the center of the craps table range from 2.78% to 16.67%. None of them are good bets.
Just stick with the pass and don’t pass bets. Skip all the sucker bets in the middle of the table.
4- Steer Clear of Betting Systems Where You Increase and Decrease the Size of Your Bet Based on Previous Outcomes
You’ll sometimes see craps “experts” suggesting that you use some variation of the Martingale System for craps. The Martingale is a betting system used with even money bets at table games. You double the size of your bet after each loss until you win.
SEEMS fool-proof. But it’s not.
Here’s an example of how it might work at the craps table:
You bet $5 (the minimum in this casino) on the pass line bet, and you lose. On your next bet, you bet $10. If you win this time, you’ll recoup your $5 loss on the previous bet and have a $5 profit to show for it.
You bet $5 (the minimum in this casino) on the pass line bet, and you lose. On your next bet, you bet $10. If you win this time, you’ll recoup your $5 loss on the previous bet and have a $5 profit to show for it.
But if you lose again, you double the size of your last bet again, this time, from $10 to $20. This recoups the $5 you lost and the $10 you lost, and you have a $5 profit.
You can continue this progression as long as your money holds out and as long as your bet stays beneath the table max.
The problem with the Martingale System is that doubling the size of your bets increases your bet size far faster than you’d expect. You might think it’s hard to lose the same bet 8 or 9 times in a row, but it happens more often than you think.
When it does, you see a devastating loss. In fact, that loss will be so devastating that you’ll lose all those tiny profits you made previously.
Here’s what 8 bets in a row look like if you start with $5:
- 1. $5
- 2. $10
- 3. $20
- 4. $40
- 5. $80
- 6. $160
- 7. $320
- 8. $640
A lot of craps tables with a $5 minimum have a $500 maximum bet. If you lose 7 times in a row, you break the system and can’t continue.
Also, if you lose 7 times in a row, you’ll have lost $635 already. To place a $640 bet at this point means you’ll have put $1275 in action over the course of 8 bets.
And if you win that final bet?
You’re only up $5 for the entire session.
Betting systems like the Martingale have no way of overcoming the house edge. They seem like a good idea in the short run, but in the long run, you’ll lose just as much money (or more) using this kind of betting system as you would if you just randomly varied the size of your bets.
5- Don’t Try to Hedge Your Bets Either
You’re hedging your bets when you place a bet intended to offset the losses from another bet.
An example might make it easier to understand:
You place a $10 bet on the pass line. You simultaneously bet $2 on the “any craps” bet. (The any craps bet wins if the shooter rolls a 2, 3, or 12.)
You place a $10 bet on the pass line. You simultaneously bet $2 on the “any craps” bet. (The any craps bet wins if the shooter rolls a 2, 3, or 12.)
It’s impossible to lose with this bet. If the shooter rolls a 7 or an 11 on the come out roll, you win $10. Sure, you’ll lose the $2 any craps bet, but you’ll have a net win of $8.
If the shooter rolls a 2, 3 or 12 on the come out roll, you win $14 (7 to 1). Sure, you’ll have lost the $10 pass line bet, but you’ll have a net win of $4.
This seems like a no-brainer strategy. The problem is that it doesn’t account for when the shooter rolls a point.
How often does this happen?
- You have 36 possible outcomes in a come out roll.
- 4 of those possible outcomes are any craps. (1,1; 1,2; 2,1; 6,6).
- 8 of those possible outcomes win the pass line bet (1,6; 2,5; 3,4; 4,3; 5,2; 6,1; 5,6; 6,5).
- That’s 12 possible outcomes where you’re guaranteed a profit.
- But on the other 24 outcomes (2 out of 3 times), the shooter will set a point. In each of those cases, the “any craps” bet loses right out of the gate. You still face the house edge when the shooter tries to roll the point.
The hedge bet doesn’t change your odds of winning. It only looks that way.
Almost all craps betting systems involve raising and lowering your bets based on when you’re winning or losing. But they also often involve systems for hedging your bets.
Don’t bother unless you think it sounds like a fun way to place bets. Even then, the house edge on the any craps bet is higher than you should be willing to pay.
6- Play Craps for the Lowest Stakes that Remain Interesting for You
You can calculate how much an hour of gambling at a given game will cost (on average) by multiplying the house edge by the number of bets per hour. You multiply that by the average size of your bet to get your expected hourly loss.
In the short run, this number is meaningless. It’s just a long-term expectation, and your results will vary from that mathematical expectation. But the longer you play, the closer you’ll eventually come to seeing the mathematical expectation become a reality.
This means that in the long run, you’ll lose twice as much money betting $10 per roll as you would if you were betting $5 per roll. The bigger your bet size, the more expected loss is.
I have just as much fun at the craps table betting $5 as I do betting $10 or $20, but you might have more money than I do. (I am, after all, only a poor gambling blogger.)
Years ago, I read a great book called Poker Night by John Vorhaus. He wrote about how to choose the stakes for your poker game. If you’re playing for such low stakes that winning or losing doesn’t matter to you at all, poker is an exercise in boredom.
He suggest playing in a game based on your “gulp limit.” That’s the amount of money that would make you swallow really hard if you lost your wallet with that amount in it.
That’s the size of your starting bankroll—your gulp limit. You can back-calculate the stakes you want to play for by dividing that bankroll by 10 or 20.
If your gulp limit is $200, you should be playing for $10 or $20 per roll.
7- Find the Casinos Who Offer You the Biggest Odds Bet Multiples
Since the odds bet offsets the house edge on the pass line and don’t pass line bet in proportion to how much you wager on it, the more you bet on it, the better off you are. But casinos have a maximum bet size for the odds bet based on a multiple of your original pass or don’t pass bet.
For example, the Circus Circus Casino in Las Vegas has a minimum bet of $5 and a maximum bet of $1000. The maximum odds bet you can take is 2X the size of your pass or don’t pass bet.
If you’re betting $5 per roll, the most you can bet on the odds bet is $10. If you’re betting $1000 per roll (you high roller, you), you can bet $2000 on the odds bet.
You can find casinos in Las Vegas which allow you to take 10X or even 15X odds, but 2X is more common. You should look for casinos which offer bigger limits on the odds bet.
Some casinos have 3x 4X 5X odds bet maximums. In these casinos, you can bet 3X your original bet if the point is 4 or 10, 4X your original bet if the point is 5 or 9, and 5X your original bet if the point is 6 or 8.
This is meant to simplify payouts for the craps dealers. Those bets pay off at 2 to 1, 3 to 2, and 6 to 5, respectively.
If you make the pass line bet with the maximum odds bet at a 3X 4X 5X table, the payout is always 7 to 1 on your total action. This makes it easier for the dealer.
Still, you’re better off finding a casino that allows you to bet more than that on the odds bet.
My suggestion for the best place to play craps in Las Vegas is the Casino Royale. It’s on the Strip, and it features some of the lowest betting minimums and highest possible odds bets in Las Vegas. You can bet $2 per roll of the dice in craps, and you can place an odds bet of up to 100X, or $200.
The cumulative house edge on a pass line bet taking maximum odds drops to just 0.02%. You won’t find a bet (or combination of bets) anywhere in any casino in the world with such a low house edge—unless you’re a card counter or an expert video poker player. (Those professions are outside the scope of this post, though—sorry.)
8- Consider Learning How to Set and Control the Dice
The idea behind dice setting and dice control is that a skilled shooter can affect the probability of getting a certain total on the dice. If skill comes into play when you’re rolling the dice, craps becomes a game more like darts than roulette.
I’m skeptical of this possibility, but I’ve seen gambling writers and experts I respect who lend the idea some credence. Even if it’s possible, I don’t think it’s practical for most gamblers to try this. Here’s why:
To be able to control the dice, you’d need to practice. You can’t practice for free in a casino, so you’d need to build or buy a casino-equivalent craps table to put in your garage or basement.
Then you’d need to practice for an insane number of repetitions to have any degree of statistical certainty that your skill is in fact affecting your outcomes. Anyone can look like they have skill by getting lucky on a dozen throws of the dice in a row. You’ll need to record your results until you have confidence in your statistical results.
That’s a lot of work for something you might turn out not to be good at. It’s also a lot of work on something that might not even be possible.
I don’t know of any casinos changing their rules or game conditions to combat dice setters. So I’m skeptical of how big a problem it is.
9- Try Playing Free Craps Games Online
I shouldn’t have to go into a lot of detail about this tip for it to make sense. If you’re playing craps without risking any money, you can’t lose any money. Online casinos offer play money games where you don’t risk a thing. At a lot of these casinos, you don’t even have to register an account.
10- See if You Can Find Some Buddies to Play “Street Craps” With
Street craps is the game played in an alleyway or someone’s house. You’ll see people playing street craps in a lot of old movies.
The most important difference between street craps and casino craps is the lack of betting options. In street craps, you only have the 2 betting options—pass and don’t pass. The rules for these bets work the same as they would if you were playing in a casino.
You’re just betting against the other players.
Conclusion
I can’t imagine a game in the casino more fun than craps. Luckily, it also offers some of the best odds in the casino—IF you place the right bets. Once you learn the basics of the game, it’s easy to do well at craps at least part of the time. Just stick with the bets which have a low house edge.
The rest of what you need to know about craps strategy can be boiled down to avoiding bad strategies. The bad bets at the craps table are awful. There’s never a reason to place a bet on something as silly as “hard eight,” even though PT Anderson made a great movie with that title.
Other trap to avoid is thinking that hedging your bets or raising and lowering your bets based on previous results will do anything to help you win. Those tactics don’t work and never have.
Craps is a notoriously streaky game. This is good news and bad news. It means you can have big winning streaks. Sadly, it also means you can have fast losing streaks, too.
How To Play Craps Youtube
And the losing streaks are marginally more common than the winning streaks. That’s how a game with a negative expectation for the player works. Play long enough, and you’ll lose all your money.
But you can sure have some fun and walk away a winner from the craps table once in a while.
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This is the 1st in a series of craps posts aimed at players who want to start winning more often. I’m including everything you need to know about craps to get the best odds of success. Most of the information in the posts in this series is not aimed at beginners. You should probably already understand the basics of craps before digging too deep into this series. The idea is not to provide how to play craps posts but to provide new information and ideas that might take your existing craps game to the next level.
Craps Is a Negative Expectation Game
Yes, craps is a “negative expectation” game. But what does that mean, exactly? Gamblers and mathematicians like to talk about bets in terms of their “expected value.” The expected value of a bet is a simple formula, too:
(The amount you stand to win X the probability of winning) – (The amount you stand lose X the probability of losing) = Expected value of a bet
You bet $2 on a coin flip, but if you win, you only get $1. You have a 50% chance of winning $1, which amounts to 50 cents in expected value. But you also have a 50% chance of losing $2, which amounts to -$1 in expected value. Subtract one from the other, and you get an expected value of -$0.50.
It should be obvious that if you flip a coin repeatedly long enough under those terms, you might get lucky in the short run, but you’ll go broke in short order in the long run. (“In the long run” just means “eventually.”) All casino games design their odds of winnings and payouts to provide you with a negative expectation, by the way. That’s how the casinos stay in business.
In some games, the expectation is the same no matter what. In other games, like craps, you can choose from an entire all-you-can-bet buffet of wagers. Some of these wagers have a bigger negative expectation than others. One of the subjects I’ll cover in this series of posts is which bets are better and which bets are worse.
Why I Love Craps and Why You Should, Too
Blackjack has its fans, and I understand why. But craps is my game, and if you have the right personality, it’s probably your game, too. It’s fun, scary, exciting, suspenseful, and the most entertaining game in any casino which offers it. One of the reasons it’s so great is this buffet of bets I just talked about, by the way.
At most craps tables, you’ll find a huge crowd of players yelling, stuttering, and moaning over the results of any throw of the dice. Some players want to win a lot of money on a small bet. They might bet that the outcome of the next roll will be a 2 (“snake-eyes”). That pays off at 30 to 1, so even a measly $5 bet pays off at $150.
Other players like to play a close to even game with an even-money payoff. Those players will bet on the pass line and take as big an odds bet as they can. If you can find a casino offering you the option of betting 10X odds, the house edge for all the money you have in action on that combination of bets is only 0.184%.
The house edge, by the way, is just another way of expressing the expected value. In this case, it’s the amount of money the casino expects to win from each bet over the long run. If the house edge for a bet is 1%, the casino expects to win $1 on average every time you bet $100. With a house edge of 0.184%, your expected loss on a $100 bet is only 18.4 cents—less than a quarter!
What I Hate about Craps, Though
The large variety of bets is a 2-edged sword. It’s a feature but also a drawback. With such a large number of bets to choose from, it’s easy to choose bad bets—wagers with a high negative expectation. In fact, when it comes to craps, there are far more bad choices you can bet on than good ones.
What does this mean in practical terms? It means if you choose the right bets, you can play for a long time on very little money. You can also get reasonable odds of walking away a winner during any given gambling session. Games of chance are streaky, and with a low house edge, the probability of having a winning streak is better.
But if you choose the wrong bets—the wagers with the highest house edge—you can lose your entire bankroll faster than you ever thought possible. Lots of players make those bets, too, and the casinos even encourage their employees at the craps table to hustle those bets and encourage players to make them.
More about the House Edge and How the Casino Makes Its Money
The best way to think about how the casino makes its money at craps is to realize that one of 2 things is always happening with a craps bet:
- The casino wins more often than the player on an even money proposition
- The casino gets a cut of our winnings on any bets that you win
How To Always Win At Craps
These are 2 sides of the same coin. Let me explain how those concepts work to make the casino a fortune:
The most common bets in craps are the pass line bet and the come bet. These are the most basics bets in the game—bets that the shooter will succeed. In the long run, over 495 “rounds,” the casino will win either of those bets on average 251 times. The player will only win an average of 244 of those bets. That’s a difference of 7 bets over the course of 495 rounds of play (7/495 = 1.41%). By taking the odds bet, you can reduce that even further. In a casino where you can take 10X odds, the house edge is reduced to 0.18%, and in a casino where you can take 100X odds, the house edge is reduced to 0.02%.
This means with $100 in action, you’re looking at losing an average of just 20 cents or just 2 cents, respectively. That’s a lot of entertainment, cheap. It’s also a great possibility of winning, because you don’t need standard deviation to fall far the other direction to come out ahead. Of course, a lot of casinos only allow 2X odds. That’s okay, even though it’s not great. It still reduces the house edge to 0.61%. Let’s talk about the casino’s cut of winnings, too. It’s best explained using an example—the worst bet at the craps table.
The Any 7 Bet Is a Great Example
The “any 7” bet is a one-roll bet that the next roll will be a 7. You have 6 ways of making a 7 when rolling 2 dice:
- 1, 6
- 2, 5
- 3, 4
- 4, 3
- 5, 2
- 6, 1
That means the probability of winning this bet is 6 divided by 36. (There are 36 possible outcomes when you roll 2 6-sided dice.) This means you’ll win 1 bet out of 6, which also means that your odds of winning are 5 to 1. If you bet $10 repeatedly on the “any 7” bet, you’ll lose $10 on 5 rolls out of 6, or $50.
If you were playing in a “break-even” game—one where the payout odds and the odds of winning were the same—you’d get 5 to 1 on your money, meaning you’d win $50 on the one roll out of 6 where you won. Since you lose $50 and win $50, you break even. But the casino wouldn’t make any money that way. What the casino does, instead, is take a cut of those winnings. Instead of paying off at 5 to 1, this bet pays off at 4 to 1, which means you’ll win $40 and lose $50, for a net loss of $10 over those 6 dice throws.
The house edge on that bet—the average that you mathematically expect to lose on it—is 16.67%. For every $100 you bet, you’re expected to eventually lose an average of $16.67. That’s a big sum compared to the $1.41 on the pass line bet, or the 61 cents on the pass line bet with 2X odds. This bet is often called “big red.” (I have an ex-girlfriend with the same nickname, but I won’t get into that here.) Since red is the color accountants use for negative numbers on a spreadsheet, this bet is appropriately named. You can analyze any bet in craps this way.
The Field Bet Is another Great Example
Another example is the “field” bet. That’s another one-roll bet, this time that the next number will be one of the following:
- 2
- 3
- 4
- 9
- 10
- 11
- 12
You have a total of 16 ways to make those numbers, out of 36 possible outcomes. That sounds pretty good. Also, most casinos pay out 2 to 1 if you get a 2 or 12. The field bet is still a lousy wager, though. The casino still has 22 ways to win compared to your 16 ways to lose. Even with the doubled payouts on the 2 and the 12, the casino comes out way ahead here. The house edge for this bet is the same as the house edge for an American roulette game—5.26%.
The Hard Way Bets
Some craps players love long odds, though. These guys make “hard way” bets. A popular fictional character who does this is featured in the movie Hard Eight, which I recommend you see if you haven’t already.
You can make the following hard way bets:
- Hard 4
- Hard 6
- Hard 8
- Hard 10
These are called “hard way” bets because you’re betting that the corresponding total will be rolled as doubles—a pair of 2s for a total of 4, a pair of 3s for a total of 6, a pair of 4s for a total of 8, or a pair of 5s for a total of 10. You’re also betting that this will happen BEFORE the shooter rolls either a 7 or the corresponding total the “easy way.” For example, if you bet on “6 the hard way,” if the shooter rolls a 1, 5; a 2, 4; a 4, 2; or a 5, 1.
The odds of winning this bet are 10 to 1. There are 10 ways to lose. There are 6 ways to lose by rolling a 7. And there are 4 ways to roll a 6 the easy way. The payoff when you win, though? 9 to 1. Bet $10 on 6 the hard way 11 times, and you’ll lose 10 times, or $100. On the roll you win, you’ll win $90. This means you’ll lose $10 net on 11 bets, or 9.09%.
Right Bettor Wagers, Payoffs, and the House Edge
A “right bettor” is someone who bets with the shooter. (It’s the opposite of a “wrong bettor.”) Basically, all the right bettor wagers are bets that the shooter will succeed before rolling a 7.
Whirl – This is the horn bet and the any 7 bet combined.
It’s actually more complicated than some other craps bets, because the payoffs depend on which number wins. For example, if you roll a 7, the payoff is actually nothing, because it’s treated as a push. (This is a tie where your bet is returned to you without any winnings.) That’s because when you win the any 7 bet, you’re still losing the horn bet.
On the other hand, the 2 or 12 pay off at 26 to 5, and the 3 or 11 pay off at 11 to 5. It’s a complicated bet, and the house edge is high. Don’t bet it. Some casinos and players call it the “world” bet. Your odds of winning are 2 to 1. The house edge is 13.33%.
2 – This is a one-roll bet that the next number rolled will be a 2. The odds of winning are 35 to 1, but it only pays off at 30 to 1. The house edge is 13.89%. This is also called “snake eyes.”
12 – This is a one-roll bet that the next number rolled will be a 12. The odds of winning are 35 to 1, but it only pays off at 30 to 1. The house edge is 13.89%. You’ll notice that the odds are the same as for the 2 bet.
Hop (doubles) – The hop bet isn’t listed on the table. It’s one of those “secret” craps bets. A hop bet is a wager that the dice will fall on a specific combination. In this case, we’re looking at doubles, so a 4 on the hop (doubles) would be a bet that the dice would land on 2, 2. (Yes, this is the same as a 4 the hard way.)
There are 2 big differences between betting on the hop and the hard way. A bet on the hop is a one-roll bet—you win or lose on the next roll. A normal hard way bet stays in action until it’s won or until the total is rolled (or a 7 is rolled.) That’s the 1st difference.
The 2nd difference is that the hop bet has a different payout. The odds of winning a hop bet are 35 to 1, but it pays off at 30 to 1. John of arc game. The house edge is 13.89% on this one, too.
Horn – This is a bet that the dice will land on 2, 3, 11, or 12. The odds of winning are 5 to 1. The payoff depends on the specific total, though. A 2 or 12 pays off at 27 to 4. A 3 or an 11 pays off at 3 to 1. The house edge on the horn bet is 12.5%.
Hop (not doubles) – This is a bet on a specific combination, like 4 on the hop that consists of a 3 and a 1. Since you don’t have to roll doubles, you have twice as many ways to win on the hop if you don’t choose doubles. This makes the odds of winning 17 to 1, and the payoff is 15 to 1. The house edge is 11.11%.
3 – This bet, like the hop bet that isn’t based on doubles, has odds of 17 to 1 of winning. The payoff is also 15 to 1, and the house edge is also 11.11%. This bet is also called “ace deuce.”
11 – This is the same as the bet on 3, but it wins if you roll an 11. The odds are the same as for a bet on 3.
Any Craps – This is also called the “3 way.” It’s a bet that the dice will land on 2, 3, or 12. The odds of winning are 8 to 1, and the payoff is 7 to 1. The house edge is 11.11%. Any craps is a one-roll bet.
Hard 4 – This is a bet that the dice will come up 2, 2 before coming up with a total of 7 or another total of 4 not comprised of doubles. The odds of winning are 8 to 1, the payoff is 7 to 1, and the house edge is 11.11%.
Hard 10 – This has the same odds of winning and same payoff odds as a hard 4, but you’re betting on the dice coming up 5, 5 instead of 2, 2.
C&E – This is a combination of the any craps bet and the yo bet. The any craps portion of the bet pays off if you hit 2, 3, or 12. The yo bet pays off if you hit an 11. The overall probability of winning is 5 to 1. The payout is 3 to 1 if the craps numbers come up, but it’s 7 to 1 if the 11 comes up. The house edge is 11.11%
Hard 6 – The hard 6 is the same as a hard 4 or a hard 10, but there are more ways to lose. (There are more ways to roll a 6 than there are ways to roll a 4.) The odds of winning are 10 to 1, but the payoff odds are 9 to 1. The house edge is 9.09%.
Hard 8 – Almost everything I wrote about hard 6 applies to hard 8, too. The only difference is that you’re betting on the dice coming up 4, 4 instead of 3, 3.
Big 6 – This is just a bet that the shooter will roll a 6 before rolling a 7. The odds of winning are 6 to 5, and the payoff is even money. The house edge is 9.09%.
Big 8 – This is just a bet that the shooter will roll an 8 before rolling a 7. The odds are the same for big 8 as they are for big 6.
Place 4 – This is a bet that the 4 will come up before the shooter rolls a 7. The odds of winning are 2 to 1, and the payoff is 9 to 5. The house edge is 6.67%.
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Place 10 – The odds are the same as for the place 4 bet, but you’re betting on a total of 10 coming up before the shooter rolls a 7.
The Field – I wrote about the field bet earlier in this post. It’s a bet that the dice will land on 2, 3, 4, 9, 10, 11 or 12. The odds of winning are 5 to 4, and the payoff is even money, unless you roll a 2 or 12. If you roll one of those, you get a 2 to 1 payoff. The house edge is 5.26%.
Place 5- This is a bet that the 5 will come up before the shooter rolls a 7. The odds of winning are 3 to 2. The payoff is 7 to 5. The house edge is 4%.
In the next post in this series, I’m going to look at some more of your betting options. That’s right. Craps has so many betting options that I can’t cover them all in a single post. More importantly, I’ll start offering some advice about which bets you should actually be placing on a regular basis.
For now, take this away from this post: Craps is a negative expectation game, but if you stick with the right bets, the house edge is so low that you can often walk away a winner. The larger number of bets available at the craps table is one of the more confusing aspects of the game. The casino makes its money from craps by making sure they’re going to win more often than you do or by paying you at odds lower than the odds of actually winning. Depending on the bet, the house edge can be as low as 0.18% or as high as 16.67%.
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