How To Bet Odds In Craps

Craps players could take advantage of a great variety of bets that offer them different opportunities.

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3. How To Bet Odds In Craps Games
4. Craps True Odds

1. Free Odds bets are paid according to the TRUE ODDS of the dice, meaning thatthese bets carry NO HOUSE EDGE, which is why they're called'Free' Odds. This is the only bet in the casino where the odds aren't against you.For any given amount of money that you intend to bet on Craps, you want the highestpercentage possible on the Free Odds.
2. For example, by knowing that the casino has a 1.41 percent edge in craps, you can know that you'll be losing 14.1 cents for every $10 bet. For charts of odds for all types of bets, visit the Wizard of Odds.com. On the next page, we'll talk about types of craps bets, their odds.

Craps offers some of the best odds in the casino. It also offers some of the worst. The best bet on the table doesn't even appear on the layout, while the worst ones are some of the easiest to make. Every wager one the table is presented in such a way as to make it seem like the player could.

The Free Odds bet has proven itself as one of the most advantageous wagers available to date not only when it comes to the game of craps, but also in the casino offerings as a whole.

The fact that the bet does not feature any house advantage makes craps experts recommend players to make it every time available, as it is considered a relatively easy way for them to generate big winnings.

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Free Odds Bet

The Free Odds bet is probably the most powerful one in the game of craps. This type of wager, however, could not be used freely. Players are required to have placed a Pass/Don't Pass bet or a Come/Don't Come bet in order to take advantage of the Free Odds bet.

The Free Odds bet is an unusual one. Not only it is bound to another bet that should be made before it, but it also lacks a house edge, which makes it a highly preferred option for craps players in both land-based and online casinos. In addition, there is no real indication on the craps table layout of this kind of bet or what pays. Still, every major casino offers the Free Odds bet, and every player, regardless of their experience, should take advantage of it to the fullest.

The only tiny detail that could be viewed as a disadvantage is the fact that the Free Odds bet must be played in conjunction with another wager. In addition, craps players must bear in mind that using the Free Odds bet in combination with one of the so-called 'flat' bets does not strip the casino of its advantage over the player. Still, in such cases, the house advantage is pretty small in comparison to most other bets.

Of course, the more Free Odds bet a player uses, the more they reduce the casino's advantage. The catch is that when used in combination with a flat bet such as the Pass, Don't Pass, Come and Don't Come bets, the Free Odds still has a house advantage. When alone, the bet has zero house edge due to the fact that the casino pays true odds for this bet.

How Does Free Odds Bet Work?

As already mentioned above, the Free Odds bet is required to be used in conjunction with another bet. If any of the 'craps numbers' (2, 3, or 12) is rolled by the shooter, then a point number (4, 5, 6, 8, 9, or 10) must be established. The same also applies in case a 7 or an 11 comes out. Once the point is established, players are provided with the chance to access the Pass/Don't Pass or Come/Don't Come bets.

Players must remember that they are allowed to place a wager on the Free Odds bet in multiples of their initial bet amount used in the flat bet. Most casinos feature multiples of 1x, 2x, or 3x, but there are some casinos that allow players to place wagers that are 10, 50, and even 100 times bigger in comparison to the original odds bets. Normally, the larger the wager on the Odds bet, the lower the house advantage is.

The odds bet wins when the point number comes out before a 7 is rolled by the shooter. Players, however, should bear in mind that the number 7 is the most frequently rolled number, followed by 6 and 8. Then, there are 9 and 5, and 4 and 10 which are the least frequent of the point numbers.

Taking Odds on Pass Line Bets

Players are allowed to 'take odds' when they have made a Pass Line bet. The Odds bet can be used whenever there is a point and represents the player's belief that the shooter will make his point. The payout depends on the player's point for the pass line bet.

The payout ratio of 6 and 8 is 6:5, while 5 and 9 pay out 3:2. The least frequent point numbers, 4 and 10, pay out 2:1 odds. These ratios, however, are applied when it comes to the Free Odds bet alone. The original Pass/Don't Pass and Come/Don't Come line bet are still to be paid 1:1 in case that the Odds bet wins.

When taking the odds on a Pass Line bet, the player needs to put their check right behind the Pass Line bet. In addition, the Free Odds bet can be increased, decreased, or removed at any time when there is a point for the pass line.

Laying Odds on Don't Pass Bets

When choosing the Don't Pass bet, the player bets against the numbers 7 and 11, and is considered being at a disadvantage, as there is a total of eight combinations of these numbers that could cause the don't pass bet to lose. At the same time, there are only three combinations of 2 or 3 that could help them win. This, however, changes once the shooter has established a point.

When a point is established, the advantage passes to the player who has chosen the Don't Pass bet, so they must 'lay' odds in case they want to bet more money on the probability that the shooter would not make their point.

Taking Odds on Come Bets

As already explained above, players can take advantage of the Free Odds bet in cases when they have originally used a Come bet.

So, in cases of Come bets, players take odds in a way that is very much alike taking odds on Pass Line bets. However, there is one major difference, which is such bets are not self-service ones, which means that communication between the dealer and the player will be required.

So, players would have to tell the dealer exactly what they would like to do in order for them to make such a bet. In addition, they are provided with the opportunity to reduce, increase, or totally remove their odds bet at any time by telling the dealer what they would like to do. Casino games to win real money.

In addition, players should be aware of the fact that odds taken on Come bets are automatically off when it comes to the come-out roll.

Laying Odds on Don't Come Bets

Laying Odds on Don't Come bets looks almost exactly like laying the odds on Don't Pass bets, but they are not self-service bets, too. In case they would like to Lay odds on their Don't Come bet, players will need the assistance of the dealer.

Of course, players are also allowed to make changes to their bet, by increasing, decreasing, or removing it. In order to do such a thing, they would have to communicate with the dealer once again and tell them what to do.

This post is necessary for the Real Craps Game video that will come this Thursday.

A few people have asked about more high stakes videos. Well, this Thursday, I will be posting a high stakes craps game that involves put bets. At first, I was going to do another high stakes video involving pass line+odds or come+odds. When it comes to high stakes bets, I refuse to give up too much advantage to the house. The problem with the RoadGambler method of play is that I've already done it three times on video; it was time for something new.

At the same time, as few people on various Facebook groups were asking about put bets. That's where I hatched the idea of a put bet video.

It is time to put out another high stakes game while also answering the question of, ‘what is a put bet?'

For the very short and simple explanation, skip to the very end.

WHAT IS A PUT BET? Contra bet roulette.

A put bet is simply a pass + odds or come + odds combination where the player gives up the advantage of the come out roll. That's all there is to it.

Here is a pic from the upcoming game. This is $5250 worth of put bets. Like I said, it's going to be a high stakes game with yours truly playing it out for your entertainment.

For reference, the pass line or come bet portion of the bet is known as the ‘flat' because it pays even money.

Here is a close up that breaks up and shows the flat and odds part of the bet…

With standard pass+odds and come+odds betting, the player has a 2 – 1 advantage on the flat bet on the come out roll. On a put bet, the player gives up this advantage.

Reasons why Players May Prefer Put Bets

Players typically prefer put bets (over pass+odds or come+odds) for the same reason players prefer place bets.

Some players hate to see numbers rolled and not be paid.

Also, with a put bet, the player can select which number to bet and ‘put' that number. Players who believe in ‘trends' value the ability to select the number as a great advantage.

With a come bet, the player does not select the number; rather the dice selects the number.

WHEN TO USE PUT BETS OVER PLACE BETS

The following is the break even point for a put bet and place for each point is as follows.

• Point of 6 or 8, 5x odds
• Point of 5 or 9, 4x odds
• Point of 4 and 10…

• —If the commission is paid after the win, the player needs 19x
• —If the commission is paid before the win, the the player needs only 6x odds

(source: Wizard of Odds)

Note that the above is only true if the player has his or her odds working 100% of the time. If the player does not work the odds 100% of the time, the multiplier is higher.

Here is what I mean by the ‘break even point'…

On a place bet of 6 or 8, a $30 win on either number pays $35

On a put bet of 6 or 8, a $30 win on either number also pays $35.

Both bets pay exactly the same amount.

On a put bet of 6 or 8, the $30 bet is broken down into $5+$25. In such a bet, the flat pays $5 and the odds pay $30, for a total of $35. Remember that for this break even point to be true, the odds must work 100% of the time.

Example of Why a Put Bet Can be Better than a Place Bet

Let's say the point is 6.

• —win will pay $70

• Put bet of $60, which is broken into $5 + $55 (11x odds)

• —the payout on a win will be $5 on the flat and $66 on the odds, for a total of $71

So on the same bet, the player wins an extra $1 for the same win-loss conditions as a place bet.

Let's use a higher multiplier than 11x. Let's assume the player is a high roller and plays on a 100x max odds table.

• —a win will pay $700

• put bet of $600, which is broken into $10 + $590 (59x odds)

• —the payout on a win will be $10 on the flat and $708 on the odds, for a total of $718

So on the same $600 bet, the player wins an extra $18 for the same win-loss conditions as a place bet.

Let's do another example with another point.

Point of 5

• —win will pay $140

• put bet of $100, which is broken into $10 + $90 (9x odds)

• —the payout on a win will be be $10 on the flat and $135 on the odds, for a total of $145

So on the same $100 bet, the player wins an extra $5 for the same win-loss conditions as a place bet.

Let's use a higher multiplier for the same point of 5. Let's assume the player is a high roller and plays on a 100x max odds table.

Point is 5

• —win will pay $700

• put bet for $500, which is broken into $10 + 490 (49x odds)

• —the payout on a win will be $10 on the flat and $735 on the odds, for a total payout of $745

So on the same $500 bet, the player wins an extra $45 for the same win-loss conditions as a place bet. This means the player receives an extra $45 for doing nothing more than ‘knowing'.

This is another reason why 100x tables are so powerful. Many players argue that 100x odds games have no inherent advantage because, in the end, the 100x bettor and the $5 low roller will have the same, realized loss. But a 100x max odds table allows for players to ‘put' higher odds, which results in winning extra money for doing nothing more than having knowledge.

Why It's Important to Know the Break Even Multiplier

If you go below the break even multiplier, you are better off placing the number.

The following is an example of why…

Point is 5

• —win will pay $42

• put bet for $30, which is broken into $10 + $20 (2x odds)

• —the payout on a win will be $10 on the flat and $30 on the odds, for a total payout of $40

So on the same $30 bet, the player loses $2 on the put bet because the multiplier was not high enough. That's why it's important to know the break even multiplier.

If you are in doubt, then go with this imperfect rule across the board: your odds must be at least 5x in the points of 5, 6, 8, and 9 and do not put the 4 and 10. It's not a perfect rule, but it will prevent you from losing too much.

HOW TO MAKE A PUT BET

To play the put bet, tender your chips in the same way you would tender your chips for a place bet and say that you want to put the number.

The result of you saying ‘put' is that the position and stacking of your chips should look like a come bet.

You can put multiple points. If you put multiple points, it would avoid confusion (and is polite to the dealer) to cut out your individual puts first. For example, if you're placing 6 and 8, you can just tender $120 in one stack.

But if you put 6 and 8 for $50 each, cut your chips into two $50 stacks.

WARNING: if your bet is positioned and stacked like a place bet, then it's a place bet. You will be shorted on the payout if you do not verify that it is a put and not a place bet. Just for reference, here is what your put bet positioning should look like…

To make sure, ask your friendly dealer, is that a ‘put bet or a place bet?' I generally do not like yes or no questions in this case because the casino environment can be loud.

DOWNSIDE TO THE PUT BET

There are three major downsides to the put bet.

The first downside is that sometimes dealers are not familiar with put bets, and here can be confusion about what to do. You will see an example of this a couple of times in the put bet videos.

The second downside is that many casinos, where it would be advantageous to use put bets, do not allow put bets. That's really the main problem with put bets. They're hard to find.

The third problem is that put betting requires a rather stout bankroll to play for any period of time. Players on a limited bankroll – such as $100 – are not going to be able to use put bets, unless they want to have a very short stacked bankroll.

Addendum:

Reader Henry S. asked two great questions about the put bet that requires me to add this downside, especially if you're the type of player who likes to move his or her place bet around.

The put bet is treated exactly like a pass+odds and come+odds combo. The player can call off or take down the odds portion of the bet, but the flat is a contract bet.

Similarly, if the player wishes to move their put bet number to another number, the player must pay for the flat portion of the new number. The ‘old' number would then have a name flat bet with no odds, and the player would play it out as it it had no odds.

Without spoiling too much of what is to come in the videos, you will see this in action in Part 2. It will become very clear.

ROADGAMBLER THOUGHTS ON THE PUT BET

I prefer pass and come bets to the put bet.

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Mathematically, pass and come + odds are still a better play. For the players who absolutely insist on the place bet, if the casino allows put bets, and the player is playing high enough of a multiplier, there is little reason to not use the put bet.

TL;DR

Put bets are simply the pass+odds or come+odds combination bet where the player foregoes the come out roll. The bet is paid exactly like how a pass+odds or come+odds would be paid.

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The casino has the advantage on the flat bet portion of the put bet, but on the odds portion of the put bet, there is no house edge.

That's it!

How To Bet Odds In Craps Games

If you're still confused, you will be able to watch actual putt bets in action this coming Thursday.

In the meantime, if you have any questions or comments, feel free to drop them in the comment section below.

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