Craps odds are a measure of how much of an advantage the casino holds in the game. Comparing the true odds of a craps wager against the payout, a gambler can see how much he or she is likely to pay to play. This article lays out the true odds in craps, discusses how they compare to the payoff, and extracts the house edge.
Most strip casino's limit odds bets to either 2X or 3X4X5X. You will find many places downtown with better odds. El Cortez offers 10X odds ($3 min, and has $.50 chips to full pay $3 odds bets) and MSS offers 20X odds on craps. For odds bets, $10 multiples work for everything - 6:5 on 6,8; 3:2 on 5,9, and 2:1 on 4,10. With Full Double Odds means the player can take 2.5x odds on a point of 6 or 8,and 2x on the other points. 3-4-5X Odds means the player can take 3X on the 4 and10, 4X on the 5 and 9, and 5X on the 6 and 8. If the player takes the maximum oddsthen the payoff will conveniently be seven times the pass or come bet.
Odds For Craps Bets
Dice shooters need to know the house edge in craps. If you don’t, then you’re likely to lose a lot of money on bad bets. Reading this guide to craps odds will give a gambler a better understanding of the windfalls and pitfalls encountered when betting on the dice.