Craps is all about chances and even though sometimes the odds are not in the favor of the player the House does not want to take that chance. They have a built in edge into the game. While there is no strategy in playing Craps because you can’t control the roll of the dice, the one thing you can control is your betting. In all the bets in all the casino games Craps offers the worst bets in the casino but if you play the odds right it can turn you a profit. The House’s edges for their Craps bets are:
The Field has a 5.6 percent
The Big 6 or Big 8 has a 9.1 percent
Horn has a 12.5 percent
Craps 2/Craps 12 has a 13.9 percent
Any 7 is a 16.7 percent
The Good Bets are
Pass has a 1.41 percent
Don’t Pass has a 1.36 percent
Come has a 1.41 percent
Don’t Come has 1.36 percent
You may want to maximize your chance of winning by combining the good and the bad. The House does edge the simple bets for Craps is decent for a casino game. You can do better. The way to go is the Odds bet, a dealer will never ask a player whether he wants to play an Odds Bet, An odds bet is a bet that is like a supplemental bet in addition to your simple bet. You can place your odd bet once a point has been established in the game. You can place an odds bet on these betting lines the Pass, Don’t Pass, Come and Don’t Come Lines.
An odds bet are limited to be two or three times the amount of you original bet. For example, if you have a $ 5 Pass Bet, then you could bet another $ 10 or double bet or $15 to triple your bet. This will reduce the House’s edge to a less than one percent. A Pass bet on odd bets is 1.41 percent to the House.
The Odds bet with a 1X odd bets is the House’s edge at 0.85 percent, with a 2X the House’s edge is 0.61 percent. The 3X with the odds bet is the House’s edge at 0.47 percent, with 5X odds bet the House’s edge is 0.33 percent and with a 10x odds bet the House’s edge bet is 0.18 percent.
You can’t plan for a way that a game of Craps is going to work but you can bet smart so you don’t have the play the streak. The idea is to keep the House’s edge to a minimum and the best way to do that is by play a simple Pass or Don’t Pass and the follow up with the high pot bets.
It all sounds complicated but that is what makes a casino game different than a regular game. The House wants to keep your money and you as the player are working hard to take it back. If the game was cut and dried it wouldn’t be any fun.