Wager Mage
Wager Mage
Photo: Александр
Craps probability This means that on the come-out roll, a player has a 22.22% chance of rolling a natural (seven or 11), an 11.12% chance of crapping out (rolling two, three and 12) and a 66.66% chance of rolling a point number.
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Read More »On the surface, Craps may look like a game where people are simply throwing a pair of dice across the table. However, there are odds, probabilities and house edges involved that dictate your chances of winning any given bet and therefore what strategies can be applied to the game. Here is a runthrough of Craps odds and strategy that you should bear in mind when playing.
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Read More »Many Craps strategies thoroughly recommend predominantly focusing your bets on the common Craps bets that are often made in every round – Pass line, Come, Don’t pass, and Don’t come bets. These possess house edges (and therefore expected returns) which can only be bettered by Odds bets in the entire game. Of these, Don’t pass and Don’t come bets are narrowly more favourable by virtue of possessing a house edge of 1.36% (whereas for Pass line and Come bets it is 1.41%), as well as a 50.71% approximate probability of winning or pushing your bet compared to 49.29% for Pass line and Come bets. Should the round enter the point stage, it is always advisable to back up any one of these bets with Odds bets. Although the win probabilities may seem off-putting, as they pay at true odds they actually help to reduce the house edge, hence why at many casinos Odds bets have restrictive maximum limits. Odds bets reduce the house edge as follows:
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Read More »For instance, one popular Craps betting strategy is The Iron Cross, whereby a player places a Field bet and Place bets on five, six and eight to cover every possible outcome apart from a seven. Initially this seems an attractive prospect, particularly as it has an 83.34% win probability for any given roll. However, by virtue of the fact that it loses everything on a seven (the most likely individual outcome) and it is combining various different bets, it still has a house edge of 3.87% and will therefore diminish your expected returns by a greater extent than various other bets with lesser win probabilities. Finally, under all circumstances avoid falling into the trap of reading into patterns that are not there. It is a common sight to see Craps players becoming excited by a shooter throwing a ‘hot streak’ of winning rolls and allowing this to influence their bets, such as deciding that because the shooter has not thrown a seven for 10 rolls, they are less likely to on their next roll. Remember that for any individual dice throw the chances of getting any specified number doesn’t change. Irrespective of whether the shooter has thrown 10 straight sevens or none in their last 10 rolls, the probability of rolling a seven on the next throw is always 16.66%. For this reason you should be wary of Craps betting strategies such as the Three Point Molly which are cited as capable of taking advantage of ‘hot streaks’. The odds and probabilities always operate independently of the shooter’s previous rolls, meaning ascribing too much significance to them can be a gateway to losing a large amount of money in a short space of time.
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In the latter example, a bet of $2 means you would get $42 back for a winning wager. Payoffs use the actual odds and are rounded down to the...
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