2014 Chamber of commerce craps

Bets in Craps

Here's a rundown of all the various bets in craps...

(A) Pass Line

This is the basic bet that most players make, and it's actually one of the bestbets on the layout, with a house edge of only 1.41%. Ifyou want an easy game then you can simply stick to this bet and ignore all the otherbets. (Though to get the best chances of winning, you should really learn the Free Odds bet too.)

(B) Field Bet

This wager good for ANY single roll of the dice at ANY time. The player wins evenmoney if a 3, 4, 9, 10, or 11 is rolled. On most tables a 2 pays double and 12 paystriple. The player loses if a 5, 6, 7, or 8 is thrown. The house edge is a modest2.77% - there are better and worse bets.

(C) Come Bet

A "virtual" Pass Line bet. It's just like the Pass Line but can be made at any time, almost ALWAYS in the middle of a round when a point has already been established.

(D) Place Bets:

The Place Bet is basically an "on-demand Point". The player is betting that thePlaced number will roll before a 7 rolls. This bet can be made at any time, butis usually made after a point number is already established. It's paid as follows:

Number bet on Pays Example House Edge
4 or 10 9 to 5 a $5 bet is paid $9 6.7%
5 or 9 7 to 5 a $5 bet is paid $7 4%
6 or 8 7 to 6 a $6 bet is paid $7 1.5%

A "Buy" bet is the same as the place bet, only with a different payoff. When youBuy a point you pay a 5% commission and are paid true odds if the bet wins (2:1on the 4 and 10, 3:2 on the 5 and 9, and 6:5 on the 6 and 8). The house edge onBuy bets is 4.76%, making the Buy a better deal than thePlace bet on the 4 or 10, and a worse deal on any other numbers.

Some casinos take the 5% commission only on a win In such cases the houseedge for Buying the 4 or 10 is only 1.67%.

(E) Proposition Bets:

These bets can be made on any roll of the dice.

Any Craps - 2, 3, or 12 Pays 8 for 1
Any Seven Pays 5 for 1
Eleven Pays 16 for 1*
Aces Pays 31 for 1*
These bets pay LESS on "Strip" table layouts.
Downtown casinos pay better.

The house edge on prop bets ranges between 11.1% and 16.67%. If your folly requires you to make prop bets thenyou should at least find a table layout with Downtown odds in order to reduce theridiculous House advantage, though even then it's still throwing money away.

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