Craps Betting Odds Strategy

Posted By admin On 14/07/22
  1. Craps Betting Odds Strategy Ncaa Basketball
  2. Craps Betting Odds Strategy Ncaa Football
  3. Craps Betting Odds Strategy Against
  4. Craps Betting Odds Strategy Tactics
  5. Craps Betting Odds Strategy Betting

Sep 08, 2020 Consequently, the odds bet has a house edge of 0%. Overall, the pass line bet is definitely one of the best bets on the craps table with a house edge of 1.41%. In addition, adding odds onto this wager is without a doubt the best way to extend your gambling bankroll. The pass line is simply one of the best ways to try and win big. The best craps strategy is to learn how to play the game, understand the basic bets which offer the best odds, and stick with those bets. Betting systems which involve raising and lowering your bets based on some arbitrary criteria are a bad idea, because they don’t affect your chances of winning. Hedging your bets is also a bad idea.

  1. Craps strategies come in a variety of forms, each with their own objective. Some strategies focus on managing your bank roll, others intend to secure long-term profits, while others revolve around strategic betting and cutting out certain bet types altogether.
  2. It’s no surprise that multitudes of strategies have been developed around place betting the (6) & (8) as these numbers give the craps player one of the be best advantages of beating the casinos. First of all, both the (6) and the (8) are the numbers likely to roll most often, next to the (7).

I’m writing a series of blog posts about casino games and the good and bad strategies for playing those games.

Craps is one of my favorite casino games, so I’ve been looking forward to writing this one.

And the beautiful thing about craps is that it’s a game of pure chance. The best strategy is just to choose the bets with the lowest edge for the house and have fun.

But I’ll have some things to say about some of the strategies and systems that other writers promote, too.

They’re mostly bad craps strategies.

Here’s the Only Craps Strategy You Need

When you’re dealing with an entirely random game – like craps – the only strategy that matters is choosing the bets with the lowest house edge and having fun.

The only decision you make in craps is what bet to place.

I’ll have something to say about shooters and whether they have control over the outcomes later in this post, but for now, let’s just agree that games like craps are purely chance.

In other games that are entirely random, like slot machines, you don’t even really need to decide which bet to place. It’s chosen for you before you sit down.

When playing craps for real money, you have a handful of good bets you can make, but most of the bets on the table are bad. Just skip the bad bets, and you’re all set.

The Bests Bets at the Craps Table

The best bets at the craps table are the pass line bet and the don’t pass bet.

The come and don’t come bets are also great wagers.

I always advise casino gamblers to try to limit their gambling to games where the house edge is lower than 2% — preferably 1.5% or lower.

The house edge for the pass and come bets is the same, 1.41%, which means they qualify.

Craps

The house edge for the don’t pass and don’t come bets is even lower, 1.36%, but the 0.05% isn’t worth worrying about. Most people prefer to root for the shooter to succeed.

The other bet to think about at the craps table is the odds bet. This is a bet you can only place after making one of the 4 bets I already mentioned and when the shooter has set a point.

This is one of the only bets in the casino that has no house edge. It’s a break-even bet, but it can be expensive.

It can also drive the effective house edge on the money you have in action down to almost nothing.

Here’s how that works.

How the Odds Bet Changes the House Edge for the Better

If you’re betting on the pass line and the shooter sets a point, you can expect to lose $1.41 for every $100 you bet. That’s on average and in the long run.

If you’re playing at a casino that only allows you to place an odds bet at 1X the size of your pass line bet, you can put another $100 into action.

Your expected loss remains $1.41, though, which effectively cuts the house edge in half, from 1.41% to 0.71%.

If you’re able to bet 2X your original bet on the odds bet, you can lower that even further to 0.36%. (You have $300 in action, but your expected loss is still only $1.41.)

The more you’re able to bet on the odds bet, the lower the house edge for all the money you have in action becomes.

It’s clear why betting on the pass line and taking the most odds that you can is an effective strategy. With the odds bet, you can get the house edge in craps lower than 0.5% at least some of the time at the table, making it an even better game than blackjack.

And what’s more, you don’t have to memorize basic strategy to get the low house edge at craps.

You just need a big enough casino bankroll to make the right bets, and you need enough sense to avoid the bad bets at the table – of which there are many.

Any Strategy that Involves Placing ANY Other Bets at the Craps Table Is a BAD Craps Strategy

There’s a reason gambling experts measure bets according to their house edge. That’s because it’s the single best indicator of how good or bad a bet is.

The house edge is a statistical estimate of how much money you’ll lose as a percentage of your original bet over the long run.

If the house edge is 1.41%, the casino expects to win an average of $1.41 every time you bet $100.

If the house edge is 16.66%, the casino expects to win an average of $16.66 every time you bet $100.

Which bet looks like the better bet for the casino?

And which one looks like the better bet for the gambler?

It shouldn’t be hard to make the distinction.

Most of the bets at the craps table have a house edge of over 9%, making these bets worse than roulette, which is a notoriously bad game for the player.

Even the best of the bad bets on the craps table are inferior to the 1.41% or 1.36% you can get from the pass, don’t pass, come, and don’t come bets.

And trust me on this:

You can have PLENTY of fun sticking with the basic bets at the craps table.

Betting Systems Where You Raise and Lower the Size of Your Bets Are Bad Strategies

The classic example of this kind of betting system is the Martingale System, where you double the size of your bets after each loss. When you do this repeatedly, you eventually win back the money you’ve lost along with a profit of one unit.

The problem with a system like the Martingale is that you’ll eventually run into a big enough losing streak that it will wipe out all those small profits and then some.

Most people underestimate how quickly a bet’s size gets when doubling after every loss.

They also overestimate how likely they are to avoid long losing streaks.

If you double a $5 bet once, that’s $10.

But if you run into a losing streak of 8 bets in a row, you’re looking at having to bet $640 to make up for your losses.

Also, every roll of the dice is an independent event. The odds don’t change based on how many times you’ve won or lost in a row.

You might think the probability of losing that 8th bet is lower than the likelihood of losing the first one, but the truth is that the dice have no memory. They have the same 6 sides, no matter how many times you’ve lost in a row.

Each bet in craps is an independent event, and any betting system will assume that the odds are changing based on how many times in a row you’ve won or lost.

Money Management Strategies Don’t Hurt Anything, but They Won’t Improve Your Odds of Winning, Either

Money management strategies involve having strict gambling discipline about how much of your bankroll you’re willing to risk before quitting the game. They also require you to stop when you’ve won an arbitrary amount of money.

Money management techniques are often used in conjunction with betting systems.

Here’s an example of a money management strategy in craps:

You decide your bankroll for the session is $250, and you’re playing for $5 per roll of the dice.

Your stop-loss limit is $100, so, if your bankroll drops to $150, you must quit the craps session and go do something else.

Your win goal is $250, so once your bankroll gets up to $500, you must quit the game and go do something else.

This kind of strategy might increase your chances of walking away from the game a winner.

But that’s only because a lot of gamblers will just keep playing until they’ve lost their entire stake. They just don’t generally have a lot of sense about that sort of thing.

The Jury’s Out on Dice Setting or Dice Control

I’ve seen multiple reputable gambling writers express interest and some belief that some craps shooters can influence the probability of specific outcomes. I’m skeptical – in the extreme – but I’ll give it an appropriate amount of credence.

The idea is that you hold the dice a specific way – “setting” the dice – then throw with a minimum amount of force – just enough to hit the back wall and eliminate most of the rolling action.

A controlled shooting expert doesn’t have to be perfect. Instead, they’re trying to be like someone who’s playing darts. They improve the probability enough to change the negative expectation on a bet to a positive expectation.

For the most part, this means throwing the dice in such a way as to minimize the probability of getting a total of seven.

You can buy books and videos explaining how to get an edge at craps this way, but I can’t imagine the amount of practice and record-keeping required to have any confidence in your ability to change the odds.

Imagine if you spent 1000 hours trying to learn how to control the dice and coming up short. Maybe you just don’t have the knack for it.

That doesn’t sound like a good deal to me.

I’d rather learn to count cards in blackjack.

Conclusion

Those are the best and the worst of the strategies I know of for playing craps in the casino. I know plenty of people who would disagree with every recommendation I’ve made, but the math behind the game doesn’t lie.

The best strategy is to stick with the bets with the lowest house edge and have as much fun as you can.

It’s no hidden secret that the house always wins in casino games. This is the only way the casino can make enough money to pay their costs including staff, operations and maintenance etc. But in Craps in particular, the house edge can be very high compared to other games. The % of winning at Craps can be improved if you know the best way to play craps.

Some craps bets for instance can have up to a 14% edge. This means if you play craps recklessly in a casino, without learning any craps strategy and how to win at craps, you’ll lose a lot of money in a short space of time.

By reading up our Craps strategy, before you play online craps or live craps, you’ll minimise your losses (and maximise your chance to winning at craps) by sticking to profitable bets with a low house edge. You can avoid the costly bets that only suckers make, and in the long term you’ll increase your expected value from the game. You can also check out the various Craps betting systems which have been published online and used a lot by craps players. So let’s read and learn how to win at craps.

Craps Strategy : Best Craps Bets

The best bets to place, whether you’re just starting out or a seasoned pro, are the Pass Line bet and Don’t Pass Line bets. These bets are similar to Blackjack and roulette in that you basically have a 50/50 chance of doubling up and the house only has a 1.41% advantage.

Craps Betting Odds Strategy Ncaa Basketball

“Betting Against the Line” means you are betting against the run of play. These odds are actually slightly better than Pass Line bet as the house only has a 1.40% edge. You win by laying the person rolling and hoping that he hits a 7 before his Point. Be careful when placing this bet however, because it tends to mean you are betting against everyone else at the table i.e. when you win they lose.

Craps

The second range of optimal betting includes place 6, place 8, buy 4 and buy 10. Buying the 4 and 10 is cheaper than placing them. Just remember that placing the other numbers is cheaper than buying them.

Most players are unaware of this but there are a few bets you can make that have a 0% house advantage. These are the Taking the Odds and Laying the Odds. Unfortunately, you need to have previously placed the minimum bet on Pass Line of Don’t Pass Line to place these, which happens to give the House a marginal advantage overall. Most casinos also limit the amount you can wager on the odds bets. This is related to your Pass Line/Don’t Pass bets e.g. limit of 2-5x.

Take a look at our craps bets guide for in-depth guide about the best craps bets.
We also have to mention that we found some good strategy articles at www.casinosformoney.com for both craps and other casino games.

Worst Craps Bets

Generally speaking, the higher the real odds the larger the House’s mark-up. This means betting on an unlikely event like “Big 6/Big 8” gives the house a massive 9.1% advantage. These are horrible odds for any gambler. Even though the payouts are high I would avoid these hit-and-miss bets.

The worst thing you can do in Craps is make “Big Round”, Hard Way or Field bets. Punters who bet on individual numbers is the big money maker for casinos. The odds can be even worse for Hard numbers like Hard Eight where the real odds of 10:1 are replaced by Casino odds of 9:1. The worst proposition bets give the House a 16% advantage in some casinos. Snake Eyes (1 and 1) is one of the most popular proposition bets but it is also costly. It gives the house a 14% advantage.

Craps Tips

When playing craps at casinos, get comfortable with the pass, come, and free odds wagers. The only good wagers are the pass, don’t pass, come, don’t come, free odds, and placing the 6 and 8 wagers. In the beginning, stay with the pass line and a come wager or two (with odds). The house edge is good for pass (1.41%) and don’t pass (1.36%) wagers.

By laying odds, these numbers will be reduced, too. It’s best to ignore all systems when online gambling and playing craps. This game is full of energy and excitement. Just be sure to be familiar with the above wagers before you start playing this popular game. Have fun!

  • It is best to make your betting selection(s) or establish a pattern of play and stick to it.
  • For those of you who want to play longer and enjoy the action, it is best to stick to the ‘pass/don’t pass’ and ‘come/don’t come’ bets.
  • For those of you who wish to ‘hit and run’ and winning is your priority, go for the high-odds bets.
  • Raise your betting if you are winning, lower your betting if you are losing.
  • You should never quit after a win.
  • Last but not least, do not plan to win with every roll of the dice.

If you are the shooter at a craps table, your must make sure that you throw the dice far enough to bounce off of the far or side wall. This is a requirement when shooting craps. By bouncing off of the wall casinos can be sure that the winning numbers are random.

Gamblers Fallacy

There is a common tendency for gamblers to make predictions. The thing that you should be doing is trying to plan out your bets based upon your previous bets. Let me give you a couple of examples:

Best 5 Craps Strategies

STRATEGY #1: Using Classic Regression
Goal: To earn profit on a single hit.

Craps Betting Odds Strategy Ncaa Football

1) Wait until the shooter establishes a point before placing your bets.
2) Once the point is determined, place $6.00 (two units) on both the 6 and 8 (For a total wager of $12.00).
3) After a single hit, ask the Dealer to go down one unit on both the 6 & 8.

Strategy

Results: You have earned $2.00 and can no longer be taken by the Seven. You also still have $12.00 working for you. After a second hit, bring down all your wagers and wait for the shooter to roll the point or a 7. When this is achieved, start the process over.

On two hits your total earning is $21.00. You can bring down your wagers after the first hit, earning $14.00. Or, you can keep betting on the 6 & 8. If you choose to continue riding your wagers, make sure both the 6 & 8 are covered.

Behind the Strategy: There are exactly ten different combined ways to create a 6 and 8. There are exactly six combined ways for creating a seven.

Try This Strategy With a huge deposit bonus here:>> Visit Casino Titan << (T&CS Apply 18+)

STRATEGY #2: Putting the ” Three Point Molly” to Use
Goal: To have three numbers working for your advantage at all times.

1) Place a Pass Line wager.
2) Backup your Pass Line wager by placing single or double odds on it.
3) Place a Come Line wager.
4) Backup your Come Bet wager by placing single or double odds on it (Two Come bets maximum).
5) When a Come Bets wins, immediately place another.
6) Repeat this process until the shooter rolls the point or a seven (Seven-Out).

Behind the Strategy: Every Come Bet you place will protect your original Pass Line wager. This will allow you to take advantage of a hot and lucky shooter.

STRATEGY #3: Winning with “Anything But Seven”
Goal: To win with any rolled number besides a seven.

1) Wait until the shooter establishes a point before placing your bets.
2) Once the point is determined, place $6.00 (two units) on the 5, 6 and 8 (For a total wager of $36.00).
3) Place one unit on the Field ($3.00).

Result: If the shooter keeps the dice for at least three rolls, you can earn $15.00-$27.00. If a two or twelve are thrown, you will earn even more. It is advisable to remove all your wagers after three rolls. Since this is a high risk bet with $39.00 invested, it is a safe precaution to do so.

Behind the Strategy: The average shooter rolls the dice 4 to 6 times before throwing a 7.

STRATEGY #4: Playing a “6/8 Play”
Goal: To earn substantial profit on just two hits.

Craps betting odds strategy ncaa basketballBowl

Craps Betting Odds Strategy Against

1) Wait until the shooter rolls one more time after making a point.
2) Make a Pass Line or Don’t Pass Line wager.
3) Place $18.00 on both the 6 & 8 for a net wager of $36.00.
4) After a 6 or 8 is rolled, tell the dealer you want $22.00 Inside.
5) On the very next hit, tell the dealer to take down the 5 and 9.
6) Let the shooter throw the dice three more times, and then bring down the 6 & 8.

Results: After the First Hit you will get back $21.00, and $14.00 from the takedown to 22 Inside. Your net exposure after the first hit is $1.00, with $22.00 in your favor. The second hit will make $7.00 plus the return of $10.00, resulting from the 5 and 9 takedown. After two hits you will have earned $16.00 profit, and will still have $12.00 working in your favor. At this time, you can choose to either have the 6 and 8 continue working for you, or, take your $12.00 off the table.

Craps Betting Odds Strategy Tactics

Behind the Strategy: If the shooter has not rolled the point or a 6 or 8 by the fourth roll, you should take down all wagers and wait for another shooter. You can lay down $24.00 instead of $36.00 to begin with if you do not want to risk as much. With a hot and lucky shooter you may want to keep the 5 and 9 up and playing for more than just one throw.

Try This Strategy With a $800 Bonus Now:>> Visit Miami Club Casino << (T&CS Apply 18+)

STRATEGY #5: Using Regressive and Pressing Methods
Goal: Letting your earnings ride after recovering your beginning investment.

1) After the player makes their point, place $18.00 on both the 6 and 8 for a total investment of $36.00.
2) After the first hit, tell the dealer you want $22.00 inside.
3) Remove the 5 and 9 after the second hit has occurred.
4) Immediately place the 5 and 9 back up after the third hit has occurred.
5) After the fourth hit, press the 6 and 8 up to $12.00 each for a total of $24.00.
6) After the fifth hit; return to Step #1 and repeat the process.

Craps Betting Odds Strategy Betting

Results: After the first hit, you will get back $21.00 and $14.00 from the takedown to 22 inside. Your exposure risk is $1.00. After the second hit has occurred, you will get back $7.00 plus an additional $10.00 by removing the 5 & 9. Your total profit after two hits is exactly $16.00, with $12.00 working for you.

Try This Strategy With a $22 No Deposit Bonus Now:>> Visit SLOTSLV Casino << (T&CS Apply 18+)