Craps House Edge and Odds: How to Calculate Your Chances of Winning
Craps has been a game of chance played for ages. It involves placing bets on the outcome of one or more dice rolls. While Craps is quite straightforward to learn, mastering its intricacies takes some serious skill.
On this page, we'll dive into the ultimate craps odds chart and how to identify the best odds for winning. We'll also break down the house edge, a crucial concept in any casino game, and analyse the craps payout table.
Understanding Craps Payout Odds
To genuinely enjoy playing craps and boost your winning potential, it's vital to grasp the basic rules and develop a craps betting strategy that aligns with your playing style and risk tolerance. Craps odds and house edges differ across various bets. Remember that some bets offer higher payouts but come with a smaller chance of hitting a win. Let's explore the different bets and their payouts in craps:
Core Craps Bets
Players can place several fundamental bets in craps, including Pass Line, Don't Pass, Come, and Don't Come bets. These bets generally have a lower house edge, making them a favourite among both newcomers and seasoned gamblers.
- Pass Line and Come bets: These are popular choices in craps, where you bet that the shooter will roll a 7 or 11. A win occurs if the shooter succeeds, while a loss happens if a 2, 3, or 12 is rolled. The odds of winning are 1:1, and the payout is also 1:1.
- Don't Pass and Don't Come bets: The inverse of Pass Line and Come bets, these wagers involve betting against the shooter rolling a 7 or 11. Instead, you win if the shooter rolls a 2 or 3 and lose if a 7 or 11 appears. The odds and payout for these bets are also 1:1.
The Odds Bet Explained
Odds bets can be placed in addition to Pass Line, Don't Pass, Come, and Don't Come bets. These bets carry no house edge, making them highly attractive for players aiming to maximise their winnings. The payout for odds bets is determined by the point number:
- Point of 4 or 10: 2:1 payout
- Point of 5 or 9: 3:2 payout
- Point of 6 or 8: 6:5 payout
Place Bets
Place bets allow players to bet on a specific number being rolled before a 7. The payouts for place bets vary based on the number chosen:
- 4 or 10: 9:5 payout
- 5 or 9: 7:5 payout
- 6 or 8: 7:6 payout
Field, Big 6 or Big 8 Bet, and Any 7 Bets
Field bets, Big 6/8 bets, and Any 7 bets are additional betting options in craps with varying odds and payouts.
- Field bets: Players win if the next roll is a 2, 3, 4, 9, 10, 11, or 12. The payout is 1:1 for most numbers, with a 2:1 payout for 2 and 12.
- Big 6/8 bets: Players win if the shooter rolls a 6 or 8 before a 7. The payout is 1:1.
- Any 7 bets: Players win if the next roll is a 7. The payout is 4:1.
Craps House Edge
Each game features a house edge that must be considered for calculating the odds in craps. In the long term, online casino site is counting on keeping the house edge, which is a certain proportion of each bet.
If the house edge in a game is 1%, for instance, the casino can anticipate winning back, on average, 1% of every bet.
The house edge in craps changes with each type of bet. This is the proportion of the house edge and payout for some of the most popular craps bets:
| Bet Type | Payout | House Edge (%) |
|---|---|---|
| Pass Line Bet | 1:1 (even money) | 1.41 |
| Don't Pass Bet | 1:1 (even money) | 1.36 |
| Come Bet | 1:1 (even money) | 1.41 |
| Don't Come Bet | 1:1 (even money) | 1.36 |
| Odds Bet on 4/10 | 2:1 | 0 (No house edge) |
| Odds Bet on 5/9 | 3:2 | 0 (No house edge) |
| Odds Bet on 6/8 | 6:5 | 0 (No house edge) |
| Place Bet on 4/10 | 9:5 | 6.67 |
| Place Bet on 5/9 | 7:5 | 4.00 |
| Place Bet on 6/8 | 7:6 | 1.52 |
| Field Bet on 3,4,9,10,11 | 1:1 | 5.56 |
| Field Bet on 2,12 | 2:1 | 5.56 |
| Big 6 or Big 8 | 1:1 (even money) | 9.09 |
| Any 7 Bet | 4:1 | 16.67 |
Clearly, the house edge is smaller on some bets than others. The Pass Line, Don't Pass, Come Bet, and Don't Come odds all have a lower house edge than other possible bets.
The Any 7 Bet, the Big 6 or Big 8 Bet, and the Place Bet on 4 or 10 have the biggest house edge in the craps odds chat.
How to Calculate Payouts in Craps Online
Craps payouts are determined by the player's knowledge of both the house edge and the craps odds of winning of the bet they are placing. Here's a closer look:
Players bet $10 on the Pass Line, and the dice roll a 7. Since the chances of winning a Pass Line Bet on the come-out roll are 251/495, or 50.7%, players win $10 - even money.
Let's assume players are willing to risk $10 on the point of 6 with chances of -110. If players place a $5 Odds Bet on the point of 6, they will receive a $6 payout. The return on a $10 bet is $12.
The method used to determine winnings for other bets is similar. For any bet players place, they must consider not only the best craps odds of winning but also their potential return.
Conclusion
One of the most important aspects to play craps online successfully is becoming familiar with the craps odds. Players can improve their craps odds of winning by placing bets with a higher expected payout if they know the odds of winning and the payoff odds for each stake.
The best bets are the ones with the lowest house edge (the Pass Line Bet, the Don't Pass Bet, the Come Bet, and the Don't Come Bet). Any 7 Bets, Big 6 and Big 8 Bets, and Place Bets on 4 and 10 carry the largest house edges and should be avoided.
Players can reduce the risk and increase their chances of winning by learning the best odds for craps.
FAQ
What is the Pass Line Bet in Craps, and what are its odds of winning in the Indian context?
In craps, the Pass Line Bet is a fundamental wager. It wins if the shooter rolls a 7 or 11 on the come-out roll. If a point (4, 5, 6, 8, 9, or 10) is established, the Pass Line bet wins if that point is rolled again before a 7. The odds of winning a Pass Line bet are approximately 251/495, or about 50.7%. Remember to gamble responsibly and within your means.
What is the house edge in craps, and why is understanding it crucial for Indian players?
The "house edge" in craps represents the percentage of each bet the casino expects to retain over time. Understanding the house edge empowers players to make informed betting decisions. Opting for bets with a lower house edge increases your chances of long-term success. Always play responsibly and set a budget before you start.
What is an odds bet in craps, and how does it affect the house edge for players in India?
An Odds Bet supplements the Pass Line, Don't Pass, Come, and Don't Come bets. It offers true odds, meaning there's no house edge, and the payout aligns with your actual chances of winning. Placing an Odds Bet reduces the overall house edge on Pass Line and Come bets, improving your potential returns. Remember, responsible gaming is key.
What is the Any 7 Bet in craps, and why is it considered a high-risk wager?
The "Any 7" bet is a wager that the next roll will result in a 7. While it offers a payout of 4 to 1, the house edge is a significant 16.67%. Due to the low probability of winning and the high house edge, this bet is considered high-risk. Casinos have a considerable advantage on this particular bet. Always gamble responsibly.
What is the difference between a Place Bet and a Come Bet in craps for Indian players?
Place Bets are wagers on the numbers 4, 5, 6, 8, 9, or 10, winning if that number is rolled before a 7. A Come Bet, similar to a Pass Line Bet, is placed after the come-out roll. It wins if the shooter rolls a 7 or 11, or if the point is rolled before a 7. Come Bets share the same odds of winning as Pass Line Bets. Remember to set limits and gamble responsibly.
