How To Implement SMART Casino Craps Betting.

Most new craps players think of craps as a game of chance, a game that revolves around a rolling dice.  The truth is, the dice are simply a necessary mechanism.  The real heart of craps play is in the betting.  There are a wide variety of craps bets and your success depends largely upon which bets you utilize.  If you plan on doing well at craps, you not only need to understand how these bets work, but how much they can help (or hurt) your play.  By betting well you can ensure that you have done everything possible to put the odds in your favor.

Before we begin analyzing craps play, make sure you understand how all the types of craps bets work.  Let us start by examining how we can compare all these bets.  There are a few different parameters that can be used to measure each bet, but no single value is more telling than the house edge (sometimes called the house advantage).  The house edge is the percent advantage the house has over you (the player) each and every time you make a given bet.  The lower the house edge, the fairer the bet.  If a bet had a house edge of 0% it would be perfectly fair.

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As you should already know by now, proposition bets have the highest house edges and therefore have the worst statistical profiles.  Many self-proclaimed craps gurus will tell you that you can play these risky bets by applying a count.  The count is supposed to keep track of hot and cold streaks and keep you only betting while you are winning.  This concept, however, is based in fiction.  The belief that any given dice roll is influenced by the previous rolls is a ‘gamblers fallacy’ and you would be wise to avoid any craps strategy based on a count.

The smartest statistical bet is absolutely the odds bet.  Technically the odds bets payout with fair odds, and therefore have a house edge of 0%.  The caveat to this is the requirement of a line bet before an odds bet can be made.  A don’t pass line bet is already slightly better than a pass line bet and by adding in an odds bet you can get an extremely low house edge: down to a fraction of a percent.  With an odds bet of 100x (rarely allowed) the overall house edge is dropped to .01%.

Just because an odds bet is your safest bet, does not mean it is your best option.  If you only play with the odds bet you are likely to get bored waiting for the point.  Most players probably will get the most out of their game if they use the odds bet as a staple and mix in some of the more exciting bets (such as the field bets or place bets).  By keeping close track of the house edge applied to your bets, you can make sure you always bet in a way that protects your bankroll, while helping it grow.