Craps is one of the top casino games when it comes to betting variety. The craps table features dozens of wagers, which makes for exciting play when you combine bets.
Of course, some wagers are better than others in terms of the house edge. You should stick closely to bets that give you the strongest chance to win.
Odds bets (a.k.a. free odds) are the premier wager in this game. In fact, free odds is the top bet in the entire casino.
What makes odds so great? And how do you place this wager, given that it isn’t even listed on the table?
Keep reading as I discuss everything you need to know about craps odds in terms of placing this bet, the house edge, where you find this wager, and the potential downsides.
What Are Craps Odds?
An odds bet isn’t something that you can place right away. Instead, you need to make a common bet like pass line or don’t pass line, then put odds behind one of these wagers.
This process sounds confusing when considering that free odds are dependent on another bet. But it’s definitely worth the hassle when considering that odds don’t have a house edge.
An odds bet is paid at your true odds of winning (explained in next section). This differs from other craps wagers, which are usually paid at slightly less than your true odds.
For example, pass line offers 251:244 true odds. But you’re only paid at 1:1 for a win, which is where the casino gets its house edge.
How Do You Make a Craps Odds Bet?
The easiest way to start the process of making an odds wager is by placing a pass line or don’t pass line bet first. Therefore, it pays to understand how pass line and don’t pass line wagers work.
Here’s a closer look at each of these bets.
- Wins on the come out roll when 7 or 11 are rolled
- Loses on the come out when 2, 3, or 12 are rolled
- Point number is established when 4, 5, 6, 8, 9, or 10 are tossed
- You need the point to be rolled before a 7 to win
- 1:1 payout
- 251:244 true odds
- 41% house edge
Don’t Pass Line
- Wins on the come out roll when 2 or 3 are rolled
- Loses on the come out when 7 or 11 are rolled
- Pushes on the come out when 12 is rolled
- Point number is established when 4, 5, 6, 8, 9, or 10 are tossed
- You need a 7 to be rolled before the point to win
- 1:1 payout
- 976:949 true odds
- 36% house edge
Once you thoroughly understand pass line and don’t pass line bets, it makes learning free odds easier.
After making a pass line/don’t pass line bet, you must wait for a point number to be established. If your initial wager wins or loses on the come out roll, then you won’t be able to back it with odds.
When a point is established, you place your free odds above the original pass line or don’t pass line wager. Notify the dealer when doing so to prevent any confusion.
When you put odds behind pass line, you’re “taking” odds. Here are the payouts for taking odds.
- 2:1 payout on point numbers of 4 and 10
- 3:2 on points of 5 and 9
- 6:5 on points of 6 and 8
When you put odds behind don’t pass line, you’re “laying” odds. Here are the payouts for laying odds.
- 1:2 payout for point numbers of 4 and 10
- 2:3 for points of 5 and 9
- 5:6 for points of 6 and 8
Can You Place Craps Odds Behind Come and Don’t Come Bets?
Not as many people put free odds behind come and don’t come bets. Nevertheless, you can place odds behind both of these wagers.
The process works almost exactly the same as with pass line and don’t pass line bets. The only difference is the nature of come and don’t come.
Come and don’t come bets have the same rules as pass line and don’t pass line, respectively. The exception, though, is that you must wait for a point number to be established before making either of these wagers.
Here’s an example of making a come bet.
- The shooter rolls a 4, thus establishing a point
- You make a come wager
- The shooter’s next roll now becomes the come out roll for your come bet
- The shooter tosses a 6, thus establishing a point
- You take odds on the 6, meaning that your potential payout and true odds are both 6:5
Essentially, come and don’t come are like your own personal pass line and don’t pass line wagers. You can make these bets any time after the shooter’s initial point has been established and back them with odds.
Many players stick to backing pass line and don’t pass line with free odds because it’s easy to do so at the start of a new shooter’s round.
But the methodology for backing come and don’t come bets with odds is almost the same. You just need to deal with more chaos since you’re doing so in the middle of a shooter’s turn.
When you do back come and don’t come bets with odds, place your chips above the respective space. Also, notify the dealer so that they don’t mistake your free odds for another come or don’t come wager.
What Effect Do Craps Odds Have on the House Edge?
Odds bets are expressed as a multiple of the original wager that they’re placed behind. Taking 2x odds on a $5 pass line bet would make your overall wager worth $15 (5 + 10).
The advantage of larger free odds is that you lower the house edge on your combined bet. Odds don’t carry a house advantage, but the initial bets do.
Therefore, it pays to make bigger odds bets and take full advantage of the lower house edge. The following table shows how much the house advantage decreases when you take or lay higher odds.
|Odds||Pass Line and Come||Don’t Pass Line and Don’t Come|
|Full Double Odds||0.572%||0.431%|
The amount of odds that you can bet is limited by what a casino is willing to offer. You can’t make an odds wager worth 100x if the casino’s max is 3x free odds.
This is why it pays to look for casinos that offer the most generous odds. You also want a low minimum bet so that you’re not risking much against the house edge.
If one casino features a $10 minimum bet and another offers a $5 minimum wager, you should choose the latter. The second casino ensures that less of your overall bet is facing a house advantage.
Where Can You Find the Best Craps Odds Bets?
Las Vegas is the top destination for free odds since it features a number of casinos that offer 10x odds or better.
Vegas’ Cromwell Hotel & Casino offers up to 100x odds and $5 minimum pass line and don’t pass line bets. This setup allows you to make a $5 minimum wager and get the full 100x odds for an additional $500.
Main Street Station is the next best option because they allow up to 20x odds along with $5 minimum pass line/don’t pass line wagers.
Sin City also features several casinos that offer 10x odds, such as El Cortez, Golden Gate, Plaza, Red Rock, Stratosphere, and The D.
Can You Make Odds Bets in Online Craps?
Yes, free odds are available in many online craps games. You simply need to know which game providers offer free odds and play at internet casinos that feature their software.
Betsoft and Playtech are the top two providers in terms of craps odds because they both allow up to 3x odds.
These odds pale in comparison to what’s offered in the top Las Vegas craps games. But note that you can make smaller minimum bets online.
Most game developers offer $1 minimum wagers on pass line, don’t pass line, come, and don’t come. Therefore, you can place one of these bets along with 3x odds for just $4.
Serious craps players would rather have the higher odds featured at land-based casinos. But low rollers appreciate being able to play so cheaply with free odds involved. Check out our list of recommended online casinos if you’d like to find somewhere suitable to play.
Are There Any Downsides to Craps Odds?
You wouldn’t think that there’d be any drawbacks to a bet with no house edge. But there are a few concerns worth noting.
The first dilemma is that you actually need the bankroll to back your wagers with odds.
Every craps player would love the benefits that come with odds ranging from 10x to 100x. The problem, though, is that it costs much more to place these bets.
Here’s an example.
- You make a $5 pass line bet
- The casino allows up to 20x odds
- You bet an extra $100 to take advantage of the full odds
- Your total wager is now $105
The upside of this scenario is that you’ve got $105 on a bet with a 0.099% house edge. The downside is that the odds are still slightly against you.
Some players might embrace the ability to make such a large bet on a near coin-flip situation. But remember that you’re taking considerable risk, even with a wager that barely has a house edge.
Another downside is that casinos don’t offer comps on free odds. Casinos use rewards as a way to compensate players for part of their theoretical losses.
Comp rates are typically only 0.1% on total wagers. This means that you’d only get $1 in comps for every $1,000 wagered.
Nevertheless, you’re still receiving something back on your play. But free odds aren’t eligible for comps because they don’t make any money for casinos.
Why Doesn’t Everybody Make Odds Bets?
Despite the drawbacks covered above, odds wagers are still worth making. This is the only bet in the casino that doesn’t have a house edge.
Nevertheless, some craps players don’t place odds bets for one or more reasons. The most obvious reason is because these gamblers don’t know that free odds exist.
I’ve covered free odds in depth through this post. But not everybody will read this post or any other resources that cover free odds.
Another reason why players don’t take advantage of these bets is because odds cost money. Some gamblers would rather place 12 pass line bets, rather than two pass line wagers that are backed with 5x odds.
The cost is the same; the only difference is that you’re guaranteed more overall action and entertainment when making 12 pass line wagers.
Finally, some players don’t realize that odds are void of a house edge. If they did know about this aspect, then they might be more apt to make odds bets.
The process for making odds bets is tougher than a normal wager. You must wait for a point to be established and then notify the croupier when you bet odds.
But it’s well worth the effort when considering that you can lower the house edge dramatically with free odds.
This brings up another point in that you must consider what odds you’re comfortable with.
Taking advantage of 10x odds or higher is a pleasing prospect. The downside, though, is that you need the bankroll to do so.
Some players would rather place a lot of pass line or don’t pass line bets than put more risk into a single wager.
If you’re worried about blowing through your bankroll too quickly, then at least consider smaller odds. Backing bets with 2x or 3x odds lowers the house edge significantly while still allowing you to stretch your bankroll.
Low rollers will feel right at home with online craps, which offers $1 minimum bets combined with 1x-3x odds.
High rollers should consider heading to Vegas, where odds range from 10x-100x.
Whatever the case may be, every craps player should keep odds in mind so that they can boost their chances of winning.
The post Everything You Ever Wanted to Know About Craps Odds Bets appeared first on GamblingSites.com.
Everything You Ever Wanted to Know About Craps Odds BetsDecember 29, 2018