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The online casino game of Craps is surprisingly
true to the real deal. All bets are available, and the
odds are on point.
Craps Game Odds
Craps is a unique casino game in that it offers over 100 different
bets. If you've ever studied a craps table layout, then you
probably noticed many different areas in which to place your
chips. You can make bets on what number you predict will be
thrown next, how that number will be created as a combination
of the dice, what number or numbers won't come up next, and
so on. With such a variety of bets available and the fact
that a pair of dice may yield 36 different numerical combinations,
it is easy to see how the odds can vary quite a bit. Some
bets offer favorable odds - even better than straight blackjack
- while others are not so good. So. why is it that Nevada
casinos take in about $16 for every $100 wagered when the
house edge is only around 1%? The truth is that most Craps
players play on instinct. Sure, in a game where each roll
of the dice is independent from all previous rolls, it truly
is sort of a guessing game. But, guessing will only get you
so far. You need to know what the payouts are for different
bets, and odds of those bets to occur. Hopefully, the next
time you play you will do so knowing which bets carry the
best odds, and which ones to avoid altogether.
Simple observation of the chart above shows that seven (7) is the
most likely outcome with a 6 in 36 probability, while snake eyes
(double ones) and twelve (12) are the least likely with 1 in 36
probabilities. The house advantage is built into each number bet
by the payout odds.
Payout Odds
The chart to the right shows some of the common bets in Craps, what
each bet's payout is for winning, and the edge the house has on
each particular wager. The best bets on the table are the pass line
point bets (with odds). These bets can be placed in addition to
your come or pass line bets, and offer true odds for payouts, meaning
the house has no advantage over the player. Single odds means you
may make an additional wager equal to your original bet. Double
odds means up to two times your bet and so on up to 100 times odds,
offered, possibly, at only the famous Binion's Horseshoe casino
in Las Vegas.
Other bets that yield reasonably decent odds for players
include the Pass Line and Don't Pass Line bets, where the house
has only a 1.4% edge and less if you're playing with single or double
odds. The Place Bet of 6 or 8 is also worthy of your chips because
it only carries a 1.52% advantage for the casino. The payout on
this bet is only 7 to 6, so you won't win a lot very quickly. I
recommend sticking with the Pass Line and Come bets with odds.
Bets to Avoid
The chart also shows that a good many craps bets hold a steep edge
for the house, and should not be played unless your goal is to lose
money. The most likely outcome of the dice is 7, so you might logically
deduce that this is a safe bet to make, right? Well, it's actually
the worst on the table, carrying a 16.67% house edge. Why is this?
Consider the number of ways to make a seven: 1+6, 2+5, 3+4, 4+3,
5+2, and 6+1. That makes six ways that the dice can combine to total
seven, giving you a 6 out of 36 (or reduced to 1 in 6) probability
of a 7 on the next roll. However, the casino knows this, so the
payout odds have been shifted to 5 to 1, thus creating the 16.67%
advantage. Other bets to avoid include any craps (2, 3, or 12),
any 2 or 12, and any 3 or 11 which, at 30 to 1 payout odds might
seem like it would be okay, but it isn't. Even those high payout
odds fail to compensate for the actual likelihood of its occurrence.
Another bet that some casinos have actually removed from tables,
due to its poor odds for the player, is the Big 6 and Big 8 bets.
On the table, the area for this bet is large, and can be tempting
for the inexperienced player to just toss a couple chips into during
the heat of the moment. Beware of the Big 6 and Big 8! They are
identical to Place Bets of 6 and 8, meaning you're betting that
a 6 or 8 will come up before a 7. But unlike Place Bets, they only
pay out at 1 to 1. So, instead of the house having a mere 1.52%
edge, it jumps to over 9%. Most Atlantic City casinos have done
Craps players a small favor in removing the Big 6/8 betting areas
from table layouts. Next time you play, be sure to stick with the
bets that have the best odds.
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