Craps Strategy: Knowing the Odds

Craps Strategy – Knowing all the Odds
by Jason Green of Predictem.com

Craps is a game of chance but you need to look at the best that you can make in order for you to receive the best odds possible, giving you the best chance to win. Craps is the casino game that can give you the best odds. To fully understand the game of Craps you need to understand the bets that you can make and what house percentages they have.

Here are some of the more popular bets in the game of Craps and the house percentages that they have:

- 7 – House edge of 16.66%
- 11 – House edge of 16.66%
- Place Bets – House edge of 1.51%
- Buy Bets – House edge of 4.76%. You should know that with Buy Bets you will have to pay the house a vigorish of 5% on winnings and because of this the Buy Bets that are the best are the 4 and 10, as they reduce the edge of the house to 4.76%.
- Hard Ways – This bet can be made in a couple of ways on either a 4,6,8, or 10. The payoff to you is 9 to 1 on either the 6 or 8 with the house edge of 9.09%. The payoff is 7-1 on either the 4 or 10 with the house edge of 11.11%
- Pass Line – House edge of 1.414%
- Don’t Pass – House edge of 1.402%
- Come Bets – House edge of 1.414%
- Don’t Come Bets – House edge of 1.402%
- The Field – House edge of 5.55%
- Any Craps Bet – House edge of 11.11%
- Big 6 – House edge of 9.09%
- Big 8 – House edge of 9.09%

To get the best odds you have to understand how to bet on the pass line and then you can apply Craps odds. The pass line bet is made before the shooter starts their throw. If the shooter throws wither a 7 or 11 you will win with them. If the shooter throws either a 2,2,or 12 you will lose with them. However if the shooter throws a 4 or 5, 6 or 8, or 9 or 10, the shooter gets a point, which is a number the shooter will roll to make again before they roll a 7, and this is when you can apply Craps odds.

The Odds Bet in Craps

The Odds best can reduce the advantage of the house. After you make a bet on the pass line and the shooter has achieved a point the house can let you make another bet, which is referred to as the Odds bet. You make the Odds bet behind your original pass line bet. If the shooter achieves their point you will be paid even money on your pass line bet and will also get true odds for the Odds bet, which will reduce the house advantage. These true odds are:

- If the point is either a 4 or 10 your payoff is 2 to 1
- If the point is either 5 or 9 your payoff is 3 to 2
- If the point is either 6 or 8 your payoff is 6 to 5

The pass line bet has a house advantage of 1.41% but when you place an odds bet you can bring the house advantage down significantly. A single odds pass line bet has a house advantage of 0.85% and a double odds pass line bet has a house advantage of 0.61% with 4x, 5x, and 6x odds. Depending on the point number a player can get 3x, 4x, 5x, odds.

- If the point is either a 4 or 10 you can take 3x odds
- If the point is either a 5 or 9 you can take 4x odds
- If the point is either 6 or 8 you can take 5x odds

If you are given the opportunity to take these odds you should take advantage of them.

When you are playing Craps you have to know the odds of the various bets and play those bets that give you the best odds to win. When betting with the shooter the pass and come bets are the best bets, while betting with the house the don’t pass and don’t come bets are the best bets.

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