The Free Odds Bet

Craps has a lot of different kinds of bets. Sometimes a player will make "horn high" bet, which doubles the bet on one of those numbers. The Free Odds bet carries no house edge. Big 6 and 8 The Big 6 and 8 are exactly like the place bets on 6 and 8, respectively, except pay even money, instead of 7 to 6. It pays if the point is thrown before a seven. I will explain the bet using the image below. Once the point has been established, players can have access to the pass odds bet or come odds bet also just known as free odds.

Types of Craps Bets

Online Craps Pages

Some always resolve in one roll and others may take many rolls. The standard definition of the house edge is the ratio of the expected player loss to the initial wager. Almost every legitimate gambling writer counts pushes in this calculation. However, in craps it often takes many rolls to resolve a bet, with the player being allowed to take down the bet at any time until it wins or loses. Should such meaningless rolls, that don't effect the outcome, be treated as the wager pushing?

Compared to other casino games, that would be the consistent thing to do. However, craps players usually leave such bets up until they are resolved. The question gambling writers must face is whether to count meaningless rolls as a push in calculating the house edge, or wait until the wager is resolved. After much thought, I have decided to express the house edge in craps three ways:. Per bet made counting pushes.

Per bet resolved not counting pushes. Per roll house edge per bet resolved divided by average number of rolls. In all forms of gambling I try to teach the player to make the best bets. In my opinion, the best bets in craps are those with a low "per roll" house edge. Pass The Pass is the most fundamental bet in craps; almost every player at the table bets on it. If you only understand one bet in craps, it should be this one. The Pass bet is put on the the pass line itself on a come out roll.

You can tell it is a come out roll if there is a black laminated marker on the table that says "off. If the come out roll is a 2, 3, or 12, then you lose. If any other total is rolled 4, 5, 6, 8, 9, or 10 that total is called "the point. Then, the shooter will roll the dice until he either rolls that same point again, or a seven. If a seven comes before the point, then you lose. If the point is rolled first, then you win even money. Do not make a Pass bet after the come out roll.

This is allowed but is highly illadvised because the value of a pass line bet is diminished after the come out roll. Pass Per House Edge Bet made 1. The Odds is like a side bet in craps made after a point is thrown. It pays if the point is thrown before a seven. The odds on the Odds are exactly fair, which zero house edge. To be specific, the Odds pays 2 to 1 on points of 4 and 10, 3 to 2 on a 5 and 9, and 6 to 5 on a 6 and 8. To make an odds bet after a pass line bet just put the odds bet behind the pass line bet, outside of the pass line area on the side closer to you.

Because the Odds has zero house edge the player can only bet so much on it compared to his Pass bet. Most casinos allow what is known as "3- X Odds. How did they come up with this? I think because if the player always takes the maximum odds, and he wins on the pass line, the Odds bet will always pay 6 times the pass line wager, making the math easier for the dealers. Some casinos pay even more, like 5X, 10X, 20X, or X odds on all points. If you see a casino advertising something like "10X Odds," that means that you can bet up to ten times you Pass bet on the Odds.

Finally, if comps are important to you, then be warned that most casinos do not count bets on the Odds towards the average amount you bet, because they don't stand to make any profit on it. The don't pass is almost the opposite of the pass line bet. If the come out roll is a 2 or 3 then you win, a 7 or 11 you lose. A 12 is a push, except in Reno and Lake Tahoe, where a 2 is a push instead of the Otherwise, the dice are rolled over and over until either the point or a 7 is rolled.

If the 7 comes first you win, if the point come first you lose. All wins pay even money. A person betting on the don't pass is called a "wrong" bettor and is usually winning when everone else is losing, and vise versa. If you make this bet, keep a low profile. The other players do not want to see you yelling "yippy" as they are losing. Laying the Odds This is the opposite of taking odds, in other words betting that a seven will be rolled before the point.

It is called Taking the Odds if you bet on a point after a Pass bet. It is called Laying Odds if you bet against a point after a Don't Pass bet. In both cases the odds are statistically fair, with no house edge. To be specific Laying the Odds against a 4 or 10 pays 1 to 2, against a 5 or 9 pays 2 to 3, and against a 6 or 8 pays 5 to 6. For example, if casino allows 5X Odds, then you may bet up to an amount such that a win would be no more than 5X the Don't Pass bet.

The only difference is it is made any time other than a Come Out roll. Like Pass bets, you may take Odds after a Come bet. Wins and the multiple you may take on the Odds is the same for both Pass and Come bets. You may also lay the Odds if any point is rolled after a Don't Come bet, in the same way as a Don't Pass bet.

In craps the 4,5,6,8,9, and 10 are known as the Place numbers. The player may bet on any of these numbers, and if it is rolled before a seven, the bet wins. Place bets are just like odds bets, except no pass line bet is required, and don't pay as much odds. To be specific, place bets on the 6 and 8 pay 7 to 6, the 5 and 9 pay 7 to 5, and the 4 and 10 pay 9 to 5.

The tables below show the best odds are on the 6 and 8. Place 6 and 8 Per House Edge Bet made 0. Place 5 and 9 Per House Edge Bet made 1. Place 4 and 10 Per House Edge Bet made 1. Place to Lose bets to lose are the opposite of Place bets. They win on a seven, and lose on the the number you're betting against. The odds paid are as follows. Buy Buy bets are like Odds or Place bets, except with different odds.

This commission is usually non-refundable. However, at some casinos, the commission on the 4 and 10 is charged only on a win. The following tables show the house edge both with the commission always payable and after a win only. As mentioned above, Place and Buy bets are exactly the same thing, but with different odds. Here is the better bet, according to the number bet on:. Place bet always better. Place bet always better, unless commission on Buy is on win only. Buy bet always better.

The Santa Ana Star casino in New Mexico allows buy bets on the 4 and 10 with no commission, resulting in zero house edge. For that, I salute them! As mentioned above, Place to Lose and Lay bets are exactly the same thing, but with different odds. Place to Lose bet always better. For any given amount of money that you intend to bet on Craps, you want the highestpercentage possible on the Free Odds. Herein lies the reasonwhy you should shop for a casino that offers 5X, 10X, 20X or X table odds!

Each pointnumber pays different odds. Odds on come bets can be made exactly the same way as odds on pass line bets, exceptthat the player hands the Odds bet to the dealer who will place it on the numberrolled and on TOP of the original Flat bet. Just like the regular Odds bet, theOdds on the Come Bet also carries no house edge. This bet is the same as a pass line bet only in reverse. The houseedge is 1. Same as a Come bet only in reverse. If a 7 is rolled beforethe number the player wins.

This player is betting with that a point number willNOT roll before a 7 does. These bets win if 4, 6, 8, or 10 are thrown in pairs as pictured on the table layout. These bets can be made on any roll of the dice. Downtown casinos pay better. F Free Odds on the Pass Line:

Defining the House Edge