Betting Strategies for Craps
There are various betting strategy and systems used in Craps gambling. The biggest fallacy is that using systems swings the odds in your favour. In the Casino game of Craps (Bank Craps) all the bets are in the house’s favour. Although you can place large Free Odds bets to insure your losses and reduce the house’s edge, this also reduces the amount you can win. Remember that to place Free Odds bets (0% house edge) you need to have placed a Pass/Don’t Pass Line bet, meaning the overall odds are still negative value.
The Paroli System
This is my favourite system for Craps. It is a positive progressive betting system where you increase your bets after winning, but decrease your bets when you lose. The advantage is that is never forces you to wager more money than your starting bet.
The Martingale System
This is the system most players are familiar with. It involves placing 50/50 bets in craps such as the Pass Line/Don’t Pass. When you lose, you double your wager next time. E.g. lose $5, bet $10.
The Martingal system is very dangerous however. Just like doubling up in Blackjack, you can end up making massive wagers after just a few losses. On average, every 4 hours you’ll lose 9 coin flips in a row. This equates to making a $1, 280 wager from starting at $5 and losing 9 times.
The Iron Cross Betting System
The Iron Cross system isn’t really it a system at all. It involves placing a series of specific Free Odds and Field bets so that the House edge is minimised. It works by placing a field bet and a bet on the numbers 5, 6 and 8. (The field bet pays 1:1 when the dice lands on a 3, 4, 9, 10, 11 and 2:1 on 2 or 12). Basically you win on any number other than 7, meaning you win 80% of the time.
The problem with this system is that it isn’t technically profitable. Although you’re guaranteed to win 80% of the time, you lose all of your bets if the dice rolls a 7 which means the house maintains an edge of about 4% overall.
The Twelve-Dollar 6 and 8 System in Craps
Let’s wrap up the systems to use by giving you one that I believe everybody should adopt. It is based on the following truths:
- Most craps players like to bet “right”
- Most right players (90 percent) prefer the 6 and 8 as their place numbers
- Most players in a casino have restricted bankrolls
That last statement means that the average bankroll for 80 percent of all players is approximately $300. That is a lot of money in the real world, but small by the standards of playing tables with $5 minimums.
When you break that $300 into sessions, and you should – you know that by now – you have $100 to bring to battle. When you set a loss limit at 50 percent, as you also should, it’s obvious you’re restricted as to the moves you can make, but that happens to be the reality of gambling.
You know all the pluses for this play, so let’s go over the negatives:
- You aren’t going to buy that yacht you had your heart set on from these winnings
- You aren’t going to retire at age twenty-six with a million dollars in the bank
- You aren’t going to be hailed as the most aggressive player who ever stepped up to a table
You might also like
What is your betting strategy when playing craps in vegas? | Yahoo Answers
A person should start with a pass line bet with full odds. Next step would be to have come bets also with full odds. Remember the flat bet will be paid even money. It is the odds that will make the money. Once a player get comfortable with the game, place bets should be the next step. The trick with place bets is to press these bets at least one unit every time they hit.
Try avoiding the field and prop bets such as the hop bets. These are one roll bets. If you want to play the hard way bets always parlay them.