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Craps Strategy
Basic to Advanced betting
This section honestly isn't as advanced as I may make it out to be.
It exists to differentiate the very basic category of knowledge and
betting covered in our rules section. There we looked at the pass
line bet, the single most important thing to know when walking up
to a craps table. The next step and the most important thing to know
about the pass line bet, is the ability to make a pass line bet with
odds.
An odds bet is a supplement to the original pass line bet which
can range depending on the house odds anywhere from 1 to 100 times
your original bet. Casinos almost always have their odds published
on the table. As was mentioned earlier a pass line bet with odds
cannot be made on the come out roll, as it can only be made after
the point is set. For example if you were betting $5 on a pass line
bet and the point got set to '4', you could put down the equivalent
to or a larger bet just below your original wager. Physically place
the chips half on and half off of the bottom of the pass line. If
on the next roll a '4' is hit you win your pass line bet back, and
an additional sum of money derived from the odds bet. In this case
he is paid 2 to 1 on the odds bet. What determines the payout on
odds bets is the actual number the point is set to. If the point
is set to 4 or 10, odds bets are paid back at 2 to 1 odds. If the
point is set to 5 or 9, odds bets are paid back at 3 to 2 odds.
If the point is set to 6 or 8, odds bets are paid back at 6 to 5
odds.
The odds bet is usually explained as being an intelligent bet in
the game of craps. This is because the more you wager (double, triple,
quadruple odds bet) the lower the house edge drops. A standard pass
line bet holds a house edge of 1.41% - respectable, and compared
to many other casino games you have to choose from its downright
excellent, but take into account the potential for odds betting
and it's a whole different story. The house edge on a pass line
bet with ten times odds is an incredible 0.18%.
For quick reference here is a chart showing the advantage derived
from each stage of odds bets.
| Bet |
Casino
Payoff |
Casino
Advantage |
| Pass Line Bet |
Even Money |
1.41% |
| With Single Odds (1x)
|
Even Money Plus Odds |
0.85% |
| With Double Odds
(2x) |
Even Money Plus Odds |
0.61% |
| With Triple Odds (3x)
|
Even Money Plus Odds |
0.47% |
| With Five-Times Odds
(5x) |
Even Money Plus Odds |
0.33% |
| With Ten-Times Odds(10x)
|
Even Money Plus Odds |
0.18% |
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