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Craps Odds
There are many bets you can place in Craps but they generally fall into three groups.
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Basic Bets These are the most basic and popular of the betting options and the easiest to understand.
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Odds Bets (Free Odds Bets) These are additional bets that cane be made after the shooter establishes a Point. Odds bets are excellent bets for the player. You can lose more, but you can also increase your winnings. By taking or laying these odds the player reduces the casino's advantage.
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One Roll Bets These wagers are decided on one roll of the dice. One roll, the next roll, will decide if you win or lose.
The table below shows the number of ways any given value 2 - 12 can be achieved with two dice, it is easy to see when displayed in this way that you are more likely to roll a 7 than a 4, this is because there are 6 possible combinations tha produce 7 as against 3 that can produce a 4.
From the information above it is quite easy to work out the probability of a specific number being rolled, for example the odds on rolling a 7 are 30:6 or 5:1. To calculate the percentage in favour of the casino on the next roll being a 7 is quite easy the real odds are 5:1 most casinos pay 4:1 which means for a $1 the casino pays $5 ($4 plus your $1 bet) instead of $6, the casino take is therefore $1 in $6 or 16.67%. The list below shows the odds on throwing any single number in the next roll, remember the dice don't have memories.
The odds of throwing a 2 or 12 are 1 in 36 or 2.8%
The odds of throwing a 4 or 10 are 3 in 36 or 8.3%
The odds of throwing a 5 or 9 are 4 in 36 or 11.1%
The odds of throwing a 6 or 8 are 5 in 36 or 13.9%
The odds of throwing a 7 are 6 in 36 or 16.7%
The table below shows typical payouts for basic bets.
The best bets can be made in casinos that allow the greatest multiple of your original bet as a 'free odds' bet (sometimes called odds bet). For example if you place a $10 bet on Pass, then, depending on the casino's rules, you will be able to place a further bet for some multiple of the original bet at the corredt odds. The further bet doesn't affect the casino's take on the original bet (about 1.41%) but it does reduce the overall percentage take on th money you have staked.
The table above shows typical odds on free odds bets (always check what your casino's odds are) casino's usually round down uneven payouts so adjust the amount you bet accordingly.
The next table shows typical odds for one roll bets.
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