April 27th, 2016

HOW TO PLAY CRAPS AND BET THE ODDS

ODDS Bets ARE FOR WINNERS
 
The odd’s bet is the only free bet you get offered in a casino; it costs you nothing and the house has no edge over you on this type of bet.  As you review Diagram 1.1, you’ll notice that the more odds you take on your flat bet, the lower the overall casino’s edge. Although, the difference from taking single odds compared to 100x odds does not appear that significant (0.83% difference, 0.85% to .02%), over the long term this difference equals 8.3 cents for every ten dollars wagered.  Over a lifetime of playing craps this number will equal thousands of dollars assuming you plan to play a few times a year and begin betting more as you mature with the game and you become an expert.
 

Diagram 1.1
              ODDS BET         CASINO ADVANTAGE
                       1X                           0.85%

                       2X                           0.61%

                       3X                           0.47%

                       5X                           0.33%

                     10X                           0.18%

                      20X                          0.10%

                    100X                          0.02%  (Your best bet)
 
I recommend that you take all the odds you can get.  If you are short on a bankroll, you can start out by playing only a couple of numbers. The odds bet, with money management, and taking advantage of winning streaks, and becoming proficient influencing the dice, will allow you to get the best of it.  Remember, a 7 is supposed to show up one in six rolls.  When you are at a table and a shooter has now rolled fourteen times without a 7, the odds of the player to keep hitting numbers are reduced.  Every time you visit a casino, watch the play at the crap table.  Count the number of rolls between 7s. You will see an uncanny occurrence. The dice are choppy, and the shooter is making one or two points and a few numbers and then a 7 shows and all bets are lost. You should realize that you can still make money on choppy rolls by taking your odds bets down or by not making any more Come bets.  As your numbers are hit, take the money and run.  The idea is to make money, not leave it out on the table and watch a 7 take most of it on short rolls.  The question remains:  How do you know the roll will be short?  You don’t, not really—but patterns occur so pay attention. 

THIS ARTICLE IS FROM MY BOOK WINNING CRAPS, AVAILABLE ON AMAZON.

Love to play craps but hate to lose? Visit www.MitchFreeland.com, home of the #1 Amazon Best Selling books How to Play Craps and Win! and How to Count Cards at Blackjack (NEW Release May 5, 2016) by M. Mitch Freeland, one of America's leading experts on playing winning Poker, Craps, and Blackjack.