Craps House Edge and Odds: How to Calculate Your Chances of Winning
Craps has been a favourite for seasoned players for ages. It's a dice game where bets are placed on the outcome of one roll or a series of rolls. While craps is simple to get the hang of, mastering it takes a bit of skill.
On this site, we'll break down the ultimate craps odds chart, showing you how to find the best odds to help you win. We'll also cover the house edge, a key concept in all casino games, and look at the craps payout table.
Understanding Craps Payouts in Ghana
To really enjoy craps and boost your winning chances, it's vital to get to grips with the basic rules and develop a craps betting strategy that fits your playing style and how much risk you're comfortable with. Craps odds and the house edge differ for various bets. Remember, some bets offer higher payouts but come with a lower probability of winning. Let's check out the different bets and their payouts in craps:
Common Craps Bets for Ghanaian Players
In craps, players can place several standard bets like the Pass Line, Don't Pass, Come, and Don't Come bets. These bets generally have a low house edge, making them a solid choice for both newcomers and seasoned players in Ghana.
- Pass Line and Come bets: These are popular bets where you're betting on the shooter rolling a 7 or 11. You win if the shooter pulls it off and lose if they roll a 2, 3, or 12. The odds of winning and the payout are both 1:1.
- Don't Pass and Don't Come bets: These are the opposite of Pass Line and Come bets. Here, you're betting against the shooter rolling a 7 or 11. You win if the shooter rolls a 2 or 3, and lose if a 7 or 11 comes up. The odds and payout for these bets are also 1:1.
The Odds Bet in Craps Explained
The 'Odds' bet in craps is a special wager that you can place on top of Pass Line, Don't Pass, Come, and Don't Come bets. What makes this bet super appealing for players in Ghana is that it comes with no house edge at all, meaning you're playing with pure probabilities. The payout for odds bets really depends on the 'point' number that was established:
- Point is 4 or 10: 2:1 payout
- Point is 5 or 9: 3:2 payout
- Point is 6 or 8: 6:5 payout
Place Bets
Place bets allow players to bet on a specific number being rolled before a 7. The payouts for place bets vary based on the number chosen:
- 4 or 10: 9:5 payout
- 5 or 9: 7:5 payout
- 6 or 8: 7:6 payout
Field, Big 6 or Big 8 Bet, and Any 7 Bets
Field bets, Big 6/8 bets, and Any 7 bets are additional betting options in craps with varying odds and payouts.
- Field bets: Players win if the next roll is a 2, 3, 4, 9, 10, 11, or 12. The payout is 1:1 for most numbers, with a 2:1 payout for 2 and 12.
- Big 6/8 bets: Players win if the shooter rolls a 6 or 8 before a 7. The payout is 1:1.
- Any 7 bets: Players win if the next roll is a 7. The payout is 4:1.
Craps House Edge
Each game features a house edge that must be considered for calculating the odds in craps. In the long term, online casino site is counting on keeping the house edge, which is a certain proportion of each bet.
If the house edge in a game is 1%, for instance, the casino can anticipate winning back, on average, 1% of every bet.
The house edge in craps changes with each type of bet. This is the proportion of the house edge and payout for some of the most popular craps bets:
| Bet Type | Payout | House Edge (%) |
|---|---|---|
| Pass Line Bet | 1:1 (even money) | 1.41 |
| Don't Pass Bet | 1:1 (even money) | 1.36 |
| Come Bet | 1:1 (even money) | 1.41 |
| Don't Come Bet | 1:1 (even money) | 1.36 |
| Odds Bet on 4/10 | 2:1 | 0 (No house edge) |
| Odds Bet on 5/9 | 3:2 | 0 (No house edge) |
| Odds Bet on 6/8 | 6:5 | 0 (No house edge) |
| Place Bet on 4/10 | 9:5 | 6.67 |
| Place Bet on 5/9 | 7:5 | 4.00 |
| Place Bet on 6/8 | 7:6 | 1.52 |
| Field Bet on 3,4,9,10,11 | 1:1 | 5.56 |
| Field Bet on 2,12 | 2:1 | 5.56 |
| Big 6 or Big 8 | 1:1 (even money) | 9.09 |
| Any 7 Bet | 4:1 | 16.67 |
Clearly, the house edge is smaller on some bets than others. The Pass Line, Don't Pass, Come Bet, and Don't Come odds all have a lower house edge than other possible bets.
The Any 7 Bet, the Big 6 or Big 8 Bet, and the Place Bet on 4 or 10 have the biggest house edge in the craps odds chat.
How to Calculate Payouts in Craps Online
Craps payouts are determined by the player's knowledge of both the house edge and the craps odds of winning of the bet they are placing. Here's a closer look:
Players bet $10 on the Pass Line, and the dice roll a 7. Since the chances of winning a Pass Line Bet on the come-out roll are 251/495, or 50.7%, players win $10 - even money.
Let's assume players are willing to risk $10 on the point of 6 with chances of -110. If players place a $5 Odds Bet on the point of 6, they will receive a $6 payout. The return on a $10 bet is $12.
The method used to determine winnings for other bets is similar. For any bet players place, they must consider not only the best craps odds of winning but also their potential return.
Conclusion
One of the most important aspects to play craps online successfully is becoming familiar with the craps odds. Players can improve their craps odds of winning by placing bets with a higher expected payout if they know the odds of winning and the payoff odds for each stake.
The best bets are the ones with the lowest house edge (the Pass Line Bet, the Don't Pass Bet, the Come Bet, and the Don't Come Bet). Any 7 Bets, Big 6 and Big 8 Bets, and Place Bets on 4 and 10 carry the largest house edges and should be avoided.
Players can reduce the risk and increase their chances of winning by learning the best odds for craps.
FAQ
What is the Pass Line Bet in Craps, and what are its odds of winning?
In craps, the Pass Line Bet is often considered the most straightforward and popular wager. It wins if the shooter rolls a 7 or 11 on the initial "come-out" throw. If a 4, 5, 6, 8, 9, or 10 is rolled, that number becomes the "point." The Pass Line Bet then wins if the point is rolled again before a 7 appears. This bet offers favourable odds of 251/495, which is approximately 50.7%.
What is the house edge in craps, and why is it important to understand?
The "house edge" in craps represents the casino's built-in advantage, indicating the percentage of each bet the casino expects to retain over the long term. Understanding the house edge is crucial for players to make informed betting decisions. By choosing bets with a smaller house edge, players can improve their chances of coming out ahead over extended play.
What is an Odds Bet in craps, and how does it affect the house edge?
An Odds Bet is a unique wager in craps that can be placed in addition to your Pass Line, Don't Pass, Come Bet, or Don't Come Bets. What makes it special is that it carries no house edge, meaning the payout is exactly in line with the true mathematical odds of winning. By placing an Odds Bet, players can significantly reduce the overall house edge on their initial Pass Line and Come Bets, making it one of the most advantageous bets in the game.
What is the Any 7 Bet in craps, and why is it considered a risky bet?
The "Any 7" Bet is a proposition bet where players wager that the very next roll of the dice will be a 7. While it offers a payout of 4 to 1, it comes with a very high house edge of 16.67%. This makes it one of the riskiest bets on the craps table. Due to the low probability of winning and the significant advantage for the casino, it's generally advised for players to approach this bet with extreme caution.
What is the difference between a Place Bet and a Come Bet in craps?
Both Place Bets and Come Bets involve wagering on specific numbers (4, 5, 6, 8, 9, or 10) to be rolled before a 7. The key difference lies in when they are placed. A Place Bet is made directly on one of these numbers at any time after the come-out roll. A Come Bet, however, is placed after the come-out roll and acts much like a Pass Line Bet: if the next roll is a 7 or 11, it wins; if it's a 2, 3, or 12, it loses; and if it's a 4, 5, 6, 8, 9, or 10, that number becomes the Come Bet's point. The Come Bet then wins if its point is rolled before a 7. Essentially, Come Bets offer the same winning probabilities as Pass Line Bets, but are initiated mid-game.
