Betting on the pass line bet or betting “with the dice” is the most common bet in craps and you will see many players or shooters choosing it. A pass line bet requires you to place chips on the “Pass Line”. Craps is a hugely popular game, from the big casinos in Vegas, to the online options that gamblers now have on casino websites. There are plenty of methods and strategies that people use. There are plenty of methods and strategies that people use.
Although the game of craps is sometimes considered difficult, it is widely-preferred in both land-based and Internet casinos. The great variety of bets provides players with the opportunity to choose the best ones for them and offers excitement and an excellent gaming experience.
The Place Bet
The so-called Place bet is considered as a pretty simple one. To be precise, there are two different types; the first one is called “Place bet to win,” and the other, “Place bet to Lose”.
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Place bets could be made at any time during the game and offer fast action. In fact, when played online, such bets require no waiting time. In addition, a great advantage is the fact that the bet could be made or taken down whenever the player wants, which is why it is called a “standing” bet.
When it comes to making a Place bet, players wager on the numbers 4, 5, 6, 8, 9, and 10. If they have chosen to put their wager on the “Place to Win bet”, the player bets on the probability of the shooter rolling any of the above-mentioned numbers before rolling a 7. On the other hand, when the “Place to Lose bet” is made, the player wagers on the chance for a 7 to be rolled by the shooter before rolling any of these numbers.
There are three possible outcomes of such a bet. First, the place number could appear, and then the player wins. Simply the best games. Then, the player loses his bet if a 7 appears. The third outcome includes any other number that could appear apart from the place numbers and the 7, this would mean nothing in terms of winning or losing.
Sometimes, players who use the place bet use all of the aforementioned numbers for maximum action. This strategy, however, is not consistent enough which makes it inappropriate for long-term betting. In addition, the player would need a large bankroll in order for him to cover all six winning numbers.
Place Bet Payout Options
This type of craps bet offers payouts that are quite good, especially in comparison to the ones provided by other craps bets. As a matter of fact, the payouts are nearly identical to true odds but are usually a bit smaller.
The actual odds of rolling a 4 or a 10 are 2 to 1. When the shooter throws a 5 or a 9, the odds equal 3:2, while the odds of them throwing a 6 or an 8 are 6:5.
As already mentioned, the payouts of winning Place bets are pretty good. The payouts for rolling a 4 or 10 are 9 to 5. players get 7:5 for rolling 5 or 9, and 7:6 for rolling 6 or 8.
Regardless of the fact these payouts seem relatively good, they are slightly lower in comparison to the ones of true odds. In addition, the house edge varies depending on the combination rolled.
For example, the casino advantage is the largest when a place 4 or 10 is rolled and amount to 6.67%, which is a pretty high house edge. When a place 5 or 9 has come out, the casino advantage equals 4.00%, while the house edge is the lowest for rolling out a place 6 or 8 – 1.57%.
As evident, the house holds a substantial advantage over the player who has chosen to use a Place bet, especially on the outside numbers. Of course, all of these numbers could be covered through the pass line or come box. In case that they are played with the Free odds bet, they would provide the casino with less than 1% advantage. However, there is a difference when played with the Place bet, as the player is given the chance to select the number and go directly to it.
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.
Types Of Craps Bets
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.
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.
Jackpot party games. 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.
Craps Bets Odds
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.