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If the payout is 175 to 1, then the house edge is 7.47%. If the payout is a lousy 150 to 1, then the house edge would be 20.81%. The odds of winning the All Bet is about 1 in 190. Explanation of All Bets. Beginner craps players, if you can remember only one bet, make it the pass line bet. This is the starting bet for all craps games and has one of the lowest house edges at 1.41% and highest odds of landing (251 to 244 to be exact). This is one of the best bets craps players can make, with payout odds of 1 to 1. Craps (version 2) - Part 3 of 5: Video for the new Craps tutorials, Sucker Bets. AUG 7 Vegas 2066: Fiction about a reclusive individual fifty years in the future and how the game of craps opens him up to the possibilities in the, 'Real world' JUL 29 Craps (version 2) - Part 2 of 5: Part 2 Video for the new Craps tutorials; View All. Craps have a few bets that are long shots just like they have bets that are really good to make. Betting on 4 or 10. One of the worst bets to make is on the 4 or 10 (especially individually). I discussed earlier that the odds of rolling a 4 or 10 are the least like point rolls in the game with a probability of 8.33% on either.

Casinos can be intimidating and their games a little confusing, but here's a tip: The best bet on the craps table has no house edge, and it isn't shown anywhere on the layout. There's no mention of 'odds' on the table. You must have a Pass or Don't Pass bet to take odds on, but then you're on your own. If you don't know about odds, you'll miss the best bet in the casino.

If you know how to play craps, you know that new shooters have to place a wager on the Pass or Don't Pass line. Once that new point of 4, 5, 6, 8, 9, or 10 is made, they can just keep shooting. The odds bet, the one that has zero house edge, isn't mandatory; it's optional.

The Pass Line always pays even money, but the real beauty of the Odds wager is that you are paid the true odds of the point rolling. To make the wager, simply place chips behind your original Pass Line bet on the craps layout. This wager can at least equal your Pass Line bet, so if you have an original wager of $10, put another $10 behind it to take odds. The amount you should wager depends on the point number.

If the point is 4, 5, 9, or 10, match your bet. If the point is 6 or 8, bet $6 in odds for every $5 you have on the Pass Line. When the shooter makes their point, you'll get a much bigger payoff.

The odds on all craps bets are the same as if dice were used. However, there is an extra bet called the 'No Call.' This bet pays 3 to 1 if the two cards are suited, otherwise it loses. The house edge depends on the number of 24-card decks used as shown below.

Pass Line Odds Payoffs

If the point is:

• 4 or 10, you are paid 2 to 1 on your Odds wager.
• 5 or 9, you are paid 3 to 2 on your Odds wager.
• 6 or 8. you are paid 6 to 5 on your Odds wager.

Most casinos allow you to take double odds on you Pass Line bet. That means if you put $5 on the Pass Line, you could make an odds bet of $10.

Your Pass Line bet has a house edge of 1.41 percent. The Odds bet has no house edge, so by taking it you lower the house edge on your overall wagers. A Pass Line bet with single odds has a house edge of 0.85 percent and with double odds, the house edge drops to 0.61 percent.

Over the last few years, many casinos have allowed players to take larger odds bets. Some casinos compete with each other to see who can offer the highest odds, up to 100 times odds. Although this sounds great, it is impractical for average players to wager this much unless they have a very big bankroll.

3-4-5 Times Odds

To make things quick and easy for everyone, from the players to the dealers to the Box Men, many casinos have incorporated a simplified odds system in which they allow odds of only 3, 4, or 5 times a Pass Line wager. With this system, players are allowed to take three, four, or five times odds, depending on the point number. You can get odds on Come Bets too.

If the point is::

• 4 or 10 you can take 3 times odds.
• 5 or 9, you can take 4 times odds.
• 6 or 8, you can take 5 times odds.

Craps Odds Bets

We have a guest post today from Steve G who covers gaming topics at Phillygambles.com! We’ve been interacting on twitter for a while and he’s lending some numbers wisdom to a new craps bet that I found at G2E. Without further adieu…

Marc from AC2LV tweeted an interesting picture from the Global Gaming Expo (G2E) in Las Vegas this past week. It showed a detail from a craps table on the floor with new bet areas marked off.

The table was on display by Galaxy Gaming and the new bets were labeled as follows:

• All Small, 34 to 1, 2-3-4-5-6
• All Tall, 34 to 1, 8-9-10-11-12
• All or nothing at All, 175 to 1, 2-3-4-5-6-8-9-10-11-12

Marc asked if someone could determine true odds on those bets. That’s not as simple as it might seem because these are not one-roll bets like any craps, or a bet on one result compared to another like a hard 10. The bet is that all the numbers will be rolled before a seven, and that is not as simple to calculate directly.

A game simulation can estimate the odds, though. After 50 million trials, there is a reasonable estimate of the chances.

So these bets have a higher house edge than bets on a single number at the roulette wheel (5.26% for a double-zero wheel) with a similar or higher payout. Certainly other prop bets on the craps table like a hard 6 or hard 8 offer a smaller payout (9-1 payout) with a higher house edge (9.1%).

However, 7.7% is still a lot higher than the house edge on the pass line (1.41%). Gamblers are much better off sticking to front line bets and pressing those bets by taking odds with zero house edge.

That is a grind, though, and this would seem a nice way to take advantage of those hot hands where the shooter rolls number after number before sevening out.

True, but there are other ways to benefit from a hot hand that will cost a lot less over a session an average session of craps. Let’s look at a couple of them.

Place Bets
Many players make place bets at the table. When a point is established, bettors place numbers, looking to get action on numbers other than the point. The 6 and 8 are popular choices, and for good reason. The house edge on those bets is a small 1.52% (provided that the player makes bets in multiples of 6 to get the true payout of 7 to 6). Placing the 5 or 9 cedes a house edge of 4%, while the 4 and 10 give a house edge of 6.67%. Note, however, all those bets have a smaller edge than the Galaxy “All” bets.

So a player could place all the numbers once a point is established, and have most of what the “All” bets have working, for a lower house edge. It would put more money in action, however. Using a multiple of 6 for the 6 and 8, it would be $64 each point for a $10 craps bettor, compared to $30 on the full menu of the Galaxy “All” bets.

Come Bets
Instead of playing the pass line, a $10 craps player could also just place a come bet after a point is established, getting more action in the game. If the bettor keeps placing come bets until a few come points are established, they can have multiple numbers working, and all for the same low house edge as the pass line. As a bonus, odds can be taken on the come bet, just like the pass line.

This is the advice Darwin Ortiz gives for getting more action in his classic book, “Darwin Ortiz On Casino Gambling”. That’s the same book where he gives the odds on the prop bets in craps, but asks the reader not to tell anyone they read his book if they make them. Ortiz thinks of all the prop bets as sucker bets, so despite the kind words to Galaxy on their innovation, you can imagine what Darwin Ortiz thinks of these bets.

Let’s compare how a bettor might do if they follow four different modes of play after every point is established:

1. Making all three Galaxy All bets, for $10 each.
2. Making all place bets, for $10 each ($12 on the 6 and 8), and taking the number down if it hits
3. Making $10 come bets, until there are at the most 4 come points established
4. Making those $10 come bets, and pressing them for $10 odds when a come point is established

After another 10M simulations, here are some results:

Quick thoughts. Craps is a negative sum game. All the approaches lose money over time. The Galaxy bets fare the worst. The place bets are close behind. Even though the 6 and 8 offer low house edge, the poor odds in the 4 and 10 are what makes the difference.

The come bets offer a much smaller expected loss. In this case, taking the odds made a small change (and for the positive by a small amount in this run of simulated hands), but since there is zero house edge on the odds bets, the long-term expected loss for come bets with and without the odds should be the same.

The obvious counter to the come-bet approach by a Galaxy All bettor is that while those average losses may be larger for the Galaxy bets, when a hot hand does happen the payoff should be huge compared to what a few come bets could manage. After all, what’s even money on a few numbers compared to 34 to 1? We’re not playing 10 million hands, or even 100. Maybe 20-30 in a couple of hours at the table. If the Galaxy bet hits, that is a great night.

Craps Make Em All Odds Ncaa Basketball

Here are some more figures for those 10 million hands, looking only at those events where one of the Galaxy bets would payoff, and what happens with our approaches:

Quick observations. By definition, All or Nothing At All means all the placed bets hit, so the average payout should be exactly $92, and it is. Also, here should be no difference between place bet outcomes for All Small or All Tall hitting. The bets are symmetric. And that looks to be the case.

In contrast, there should be a difference for the come bets between All Small and All Tall since the 11 is a winner whereas the 3 is a loser. That is seen in the average results.

The Galaxy makes a fair point. Even with odds, the come bet play for a $10 bettor is less than a tenth the payout for the Galaxy bet for a very hot hand. For that one even when it hits, the payout is much larger.

Overall, however, that bettor will spend a lot more at the table in exchange for that one big payout. And in the meantime there are plenty of good, but not “all or nothing” hands where a hot shooter will make a winning session for a come bettor.

Craps Make Em All Odds Week 9

Darwin Ortiz has it right. Sharp players should stick to the come bets.

Craps Make Em All Odds Craps

But hats off to Galaxy Gaming. They have come up with a new bet on an established game with a high payout, easy to understand rules, and a house edge attractive to casino management. And also worthy of a long blog post.

Craps Make Em All Odds Win

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