Should you always bet max odds in craps?

When betting odds on a craps game, keep your Pass line bet at the table minimum and odds at the highest amount you are comfortable with.

freep.com - Mark Pilarski: Taking odds in craps is tricky business - Detroit Free Press

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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Mark Pilarski

Special to the Detroit Free Press

QUESTION: When playing craps, I like the Pass line with odds, place the 6 and 8 and then feed the Come line and place odds on each. My question is on the odds. Most casinos offer 10X odds. Do I need to max that out to get the best house edge, and, if I only double my Pass line bet, does this still work to my advantage? To go 10X odds requires a sizable bankroll. — Robert C. ANSWER: I like that you complement your Pass line wager and odds with a Place bet on the 6 or 8. It's a cheap bet to make (as little as $6), and placing either of those two numbers has a small casino edge of just 1.5%. As for taking odds, this is a wager that is distinct from all other craps wagers in that odds carry no house edge. Although this bet doesn’t have a casino advantage, you have to use it to back up a Pass line wager that does. For instance, let’s say you place a $5 bet on the Pass line, followed by the point becoming a 10. On a 10X odds table, you can back your Pass line bet ($5) with $50 ($5 X 10) in free odds. So how does the word "free" come into play for you? Well, with two dice (six sides each), there are six ways of making a seven (loser) and three ways of making a winner 10. The odds against your winning are 2:1. But if you win, your Pass line bet is paid at even money ($5) and your odds bet is paid at the 2:1 true odds, bringing you a $100 payoff. With a casino advantage of 1.4% on your Pass wager, grouped with 10X in free odds, the two wagers carry a minuscule 0.18% percent house edge. The casino advantage on your total bet when taking odds combined with your Pass line wager on 1X odds is 0.85%; on 2X odds, 0.61%; on 5X odds, 0.33%, and on 10X odds, 0.18%. So, yes, Robert, double odds do work in your favor. The more odds you take, the greater the reduction in the house edge. Which leads me to what you also stated: “To go 10X odds requires a sizable bankroll.” Correct again! Taking odds can be an expensive proposition, especially when dealing with multiples of 10X. For a low-budget gambler, putting $50 on the layout, even for those free odds, is some serious ka-ching. A couple of quick seven-outs at the onset of your play and you could easily exhaust your daily gambling bankroll. The lesson here — and it is an important one — is to bet only as much odds as your gambling budget allows. Another sound gambling strategy is this: If you decide to take max odds, pursue the lowest table limit available. When betting odds on a craps game, keep your Pass line bet at the table minimum and odds at the highest amount you are comfortable with. Finally, let’s not forget one important fact: All craps bets come at a cost. Craps is a negative-expectation game, meaning that no matter how you bet, even if it's a $2 Pass line wager with 10X odds, the house always has an edge on your action.

Mark Pilarski: Always play on game with fewest decks

Mark Pilarski is a contributing editor for numerous gambling publications. E-mail questions to pilarski@markpilarski.com.

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What are the safest bets in craps?

The simplest, most fundamental bet in the game of craps, the pass bet, is also one of the very safest, with a low house edge of 1.41%. Pass bets pay even money - in other words, if you bet $10, you win $10. With a pass bet, if the come out roll is 7 or 11, you win, while if the come out roll is 2, 3, or 12, you lose.

wikihow.com - 3 Ways to Win at Craps - wikiHow

wikiHow is a “wiki,” similar to Wikipedia, which means that many of our articles are co-written by multiple authors. To create this article, 18 people, some anonymous, worked to edit and improve it over time. This article has been viewed 173,488 times.

Article Summary

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If you want to win at craps, always prioritize the safest bests on the table, like pass bets or don’t pass bets. You can then increase one of these wagers by adding an odds bet and taking the maximum odds. Avoid risky bets like put bets and prop bets, since these have odds which are strongly in favor of the house. However, you should keep in mind that no matter how you play craps, or any other casino game, the house has the edge, so never play with money that you can’t afford to lose. Keep reading for tips on setting win and loss limits for yourself!

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