The Odds Bets in Craps By Online-Casinos.com

In Craps you can add another bet to your original Pass Line Bet or your Don't Pass Bet - such a bet is the Odds Bet. A Odds Bet is when you add more money to your original wager - if the original bet is not won or lost on the come out roll.

The Odds Bets

In Craps you can add another bet to your original Pass Line Bet or your Don't Pass Bet - such a bet is the Odds Bet. A Odds Bet is when you add more money to your original wager - if the original bet is not won or lost on the come out roll. In other words, you can place a odds bet once a point has been established.

Odds bets are won to true odds - so there is absolutely no house edge on a odds bet. If for example, the point 5 has been established - the chances of winning a pass line bet are 4 against 6. There is a 4/36 chance of rolling a 5 again - against a 6/36 risk of rolling a 7. If you win such a bet you will be paid according to true odds - so a odds bet on the Pass Line bet will be paid 3-2. Whereas if you have made a similar Don't Pass bet - and 5 is the point you have the odds of winning on your side with 6-4. So a don't pass odds bet with 5 as the point only pay 2-3 - true odds again - a bet with no house edge at all.

ODDS BETS PAY TRUE ODDS
Established Point Odds Bet Pay
4 or 10 2-1
5 or 9 3-2
6 or 8 6-5

As the odds bets has no house edge, you should definitely add odds bets to your pass line bets or Don't Pass bets - this is called taking the odds. Making odds bets reduces the overall house edge on the total bet. Normally you will only be allowed to place a odds bet that is double as big as the original pass line bet or don't pass bet - this reduces the overall house edge in craps to only 0.85%. This is one of the best bets in the casino - so make sure to place the maximum odds bet allowed.

A few casinos offers you the chance to bet behind even bigger odds bets then the regular double your pass line bet - If a casino allows you to bet behind 10x odds this is great. The meaning of 10x odds is simply that you are allowed to place a bet that is 10 times as bit as your original pass line bet - so this will reduce the overall house advantage even further then the example above.

Below I have made a table so you can compare the overall impact of the house edge the size of the maximum odds bet has - assuming that you actually do place the maximum odds bets allowed.

Max. Odds Bets Allowed House Edge
Pass line bet only - no odds bets offered 1.41%
1x odds 0.85%
2x odds 0.61%
5x odds 0.32%
10x odds 0.18%
100x odds 0.02%

So, if you can find a game that offers you the option of betting behind 100x odds - you can reduce the house advantage to only 0.02% - note that is not a 2% house edge but much less; two hundredths of one percent. However placing 100x odds bets is probably going to a BIG bet - but statistically you should place the maximum odds bet allowed. If you cant afford placing the max. odds bets allowed at least you should place some odds bets to reduce the house advantage.

The Odds Bet in Craps By Online-Casinos.com
Content Type: 
Game Type: