Craps Machine Odds
Casinos can be intimidating and their games a little confusing, but here's a tip: The best bet on the craps table has no house edge, and it isn't shown anywhere on the layout. There's no mention of 'odds' on the table. You must have a Pass or Don't Pass bet to take odds on, but then you're on your own. If you don't know about odds, you'll miss the best bet in the casino.
If you know how to play craps, you know that new shooters have to place a wager on the Pass or Don't Pass line. Once that new point of 4, 5, 6, 8, 9, or 10 is made, they can just keep shooting. The odds bet, the one that has zero house edge, isn't mandatory; it's optional.
The Pass Line always pays even money, but the real beauty of the Odds wager is that you are paid the true odds of the point rolling. To make the wager, simply place chips behind your original Pass Line bet on the craps layout. This wager can at least equal your Pass Line bet, so if you have an original wager of $10, put another $10 behind it to take odds. The amount you should wager depends on the point number.
If the point is 4, 5, 9, or 10, match your bet. If the point is 6 or 8, bet $6 in odds for every $5 you have on the Pass Line. When the shooter makes their point, you'll get a much bigger payoff.
Pass Line Odds Payoffs
The odds on video craps, roulette and blackjack must be the same as those at craps, roulette and blackjack tables. The odds on these bubble craps machines must be the same as those at a craps table. The manufacturers can alter how much the bets pay, but the histogram of results of the dice throws must match the pyramid of craps. Prior to Amendment 50, craps was not allowed at Colorado casinos. 4, 2008, Colorado voters passed sweeping changes to the “limited gaming act” that not only raised the maximum betting limits on a given hand from $5 to $100, but allowed for additional games including craps. Black Hawk Casinos with Craps tables:.
If the point is:
- 4 or 10, you are paid 2 to 1 on your Odds wager.
- 5 or 9, you are paid 3 to 2 on your Odds wager.
- 6 or 8. you are paid 6 to 5 on your Odds wager.
Most casinos allow you to take double odds on you Pass Line bet. That means if you put $5 on the Pass Line, you could make an odds bet of $10.
Your Pass Line bet has a house edge of 1.41 percent. The Odds bet has no house edge, so by taking it you lower the house edge on your overall wagers. A Pass Line bet with single odds has a house edge of 0.85 percent and with double odds, the house edge drops to 0.61 percent.
Over the last few years, many casinos have allowed players to take larger odds bets. Some casinos compete with each other to see who can offer the highest odds, up to 100 times odds. Although this sounds great, it is impractical for average players to wager this much unless they have a very big bankroll.
3-4-5 Times Odds
To make things quick and easy for everyone, from the players to the dealers to the Box Men, many casinos have incorporated a simplified odds system in which they allow odds of only 3, 4, or 5 times a Pass Line wager. With this system, players are allowed to take three, four, or five times odds, depending on the point number. You can get odds on Come Bets too.
If the point is::
- 4 or 10 you can take 3 times odds.
- 5 or 9, you can take 4 times odds.
- 6 or 8, you can take 5 times odds.
Craps Odds Bets
Laying the (4) or the (10) is a relatively popular bet for those playing the dark (don’t) side of craps. It’s easy, simple and puts you on the casino side of the odds at the table.
It’s widely used by experienced players deploying a number of different positive and negative progressions and is also a great way for the novice craps player to get introduced to the ‘don’t’ side of betting.
In effect, you are betting that a (7) will roll before the (4) or (10) you lay (bet) your money on.
There are a number of reasons Laying the (4) or (10) is a popular way to play the dark side.
- There are 6 ways to roll a (7) and only 3 ways to roll a (4) or a (10)
- The odds are in your favor as you’re betting with the casino and not against
- Laying either the (4) or (10) has a lower ‘House Edge’ than laying the other numbers
- House Edge (4) & (10) is 2.44%, (5) & (9) is 3.23%, and the (6) & (8) is 4.00%
- You can ‘buy’ the number so you can get paid out at ‘true odds.
- You can make the bet, or take it down, at anytime you want (it’s not a contract bet)
(Secrets Tip #1) How do you know this is one of the better bets on the table? There is no wording on the table that promotes this bet or even let’s you know it’s available.
EASY TO EXECUTE
Just put $20 on the table and tell the dealer to “Lay the (4)” or the (10), whichever you decide to bet against.
- Let the dealer know you want to ‘buy’ the number. He/she will put a small disc on your bet that says ‘Buy’.
- For a $20 bet, it will cost you $1 to buy the number to get paid out at full odds. Most casinos don’t charge the vig on this unless you win, where they’ll take it out of your winnings. There are some that take the vig up front and you’re charged win or lose.
Now, if the (7) rolls before the (4) or (10) that you selected, the dealer will pay you $19 in winnings. ($20 in true odds (1 to 2), minus the $1 vig).
(Secrets Tip #2) When laying the (4) or (10), you can hedge your bet by placing a $2 Hardway bet on the number. Paying 9 to 1, you will have effectively eliminated one of the three ways your bet could lose.
The ‘Lay the (4) or (10) Betting Strategy works great on cold and choppy tables, but keep in mind, no betting strategy will change the house edge on the bet.
VARIATIONS
As simple and effective as this bet is, there are many ways to play this at the tables. Below are just a handful and you can create the version that works best for you.
- Use ‘flat bets’ and keep the bet size the same after a win or a loss
- Use a positive progression betting system where you increase the size of your bets after each win
- Use a negative progression betting system and increase the size of your bet after each loss.
- Lay the (4) or (10) on the come-out roll when most are ‘trying’ to roll a (7)
- Lay the bet immediately after the (4) or (10) rolls with the hope that it won’t repeat before the (7)
- Wait for 3 rolls of the dice before laying your bet, expecting that a (7) will show in the next few rolls
- Some even lay both the (4) and the (10), although that’s not recommended with this strategy
Like most other betting strategies, the ‘Lay the (4) or (10) Strategy’ has it’s own disadvantages.
- It does not work well on warm or hot tables
- Being that it pays at 1 to 2 odds, you’ll collect $10 on a $20 bet, but you’ll give up $20 on a loss – It will take you 2 wins to make up 1 loss
Please feel free to leave any comments, recommendations, suggestions or experiences you’ve had using this strategy in the comments section below.
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BEST OF LUCK AT THE CASINOS!!!