Craps odds are a measure of how much of an advantage the casino holds in the game. Comparing the true odds of a craps wager against the payout, a gambler can see how much he or she is likely to pay to play. This article lays out the true odds in craps, discusses how they compare to the payoff, and extracts the house edge. A winning Pass Odds bet on a Point total of 6 or 8 pays 6 to 5, 5 or 9 pays 3 to 2 and 4 or 10 pays at 2 to 1. The House Edge on the Pass Odds wager is actually 0% but as the player has to have placed a Pass Line bet which does carry a House Edge before they would be allowed to place this wager, there is still a House Edge over the total bet.
Craps isn’t really a game of strategy but there certainly are a lot of numbers involved in calculating which bets are the best craps bets that will offer the best crap payouts online. Fat lady games. Well, since we love our Prism Casino members so much, we’ve done some digging and compiled this Ultimate Craps Payout Chart for you to use as you play through our fabulous Craps games.
Since we know that not all of you are experts, we’ve provided a few term explanations below the chart to help you make sense of all of those numbers by helping you understand craps payout tables, and even what are betting payouts. Lots of information, right here for you.
Now, that your eyes have begun to glaze over, we will take some time to explain what some of these Craps terms mean:
Craps Bet: This is the bet that you actually make on the table.
Craps Odds Betting
True Odds: These are the calculated odds that you will win or lose based on the bet you make. The amount of money you place doesn’t figure into the odds, but it does figure into the Craps payout.
Craps Payout: For a 1/1 payout, if you bet $5 and win, you only get $5 on top of the $5 you bet.
House Edge %: This percentage shows how much of a percent over the 50% (even odds) that the House holds. Basically this % represents the probability that the house will win the bet.
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Although the game of craps is sometimes considered difficult, it is widely-preferred in both land-based and Internet casinos. The great variety of bets provides players with the opportunity to choose the best ones for them and offers excitement and an excellent gaming experience.
The Place Bet
The so-called Place bet is considered as a pretty simple one. To be precise, there are two different types; the first one is called “Place bet to win,” and the other, “Place bet to Lose”.
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Place bets could be made at any time during the game and offer fast action. In fact, when played online, such bets require no waiting time. In addition, a great advantage is the fact that the bet could be made or taken down whenever the player wants, which is why it is called a “standing” bet.
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When it comes to making a Place bet, players wager on the numbers 4, 5, 6, 8, 9, and 10. If they have chosen to put their wager on the “Place to Win bet”, the player bets on the probability of the shooter rolling any of the above-mentioned numbers before rolling a 7. On the other hand, when the “Place to Lose bet” is made, the player wagers on the chance for a 7 to be rolled by the shooter before rolling any of these numbers.
There are three possible outcomes of such a bet. First, the place number could appear, and then the player wins. Then, the player loses his bet if a 7 appears. The third outcome includes any other number that could appear apart from the place numbers and the 7, this would mean nothing in terms of winning or losing.
Sometimes, players who use the place bet use all of the aforementioned numbers for maximum action. This strategy, however, is not consistent enough which makes it inappropriate for long-term betting. In addition, the player would need a large bankroll in order for him to cover all six winning numbers.
Place Bet Payout Options
This type of craps bet offers payouts that are quite good, especially in comparison to the ones provided by other craps bets. As a matter of fact, the payouts are nearly identical to true odds but are usually a bit smaller. Forum holy moly.
Craps Odds Payouts 100x
The actual odds of rolling a 4 or a 10 are 2 to 1. When the shooter throws a 5 or a 9, the odds equal 3:2, while the odds of them throwing a 6 or an 8 are 6:5.
As already mentioned, the payouts of winning Place bets are pretty good. The payouts for rolling a 4 or 10 are 9 to 5. players get 7:5 for rolling 5 or 9, and 7:6 for rolling 6 or 8.
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Regardless of the fact these payouts seem relatively good, they are slightly lower in comparison to the ones of true odds. In addition, the house edge varies depending on the combination rolled.
For example, the casino advantage is the largest when a place 4 or 10 is rolled and amount to 6.67%, which is a pretty high house edge. When a place 5 or 9 has come out, the casino advantage equals 4.00%, while the house edge is the lowest for rolling out a place 6 or 8 – 1.57%.
As evident, the house holds a substantial advantage over the player who has chosen to use a Place bet, especially on the outside numbers. Of course, all of these numbers could be covered through the pass line or come box. In case that they are played with the Free odds bet, they would provide the casino with less than 1% advantage. However, there is a difference when played with the Place bet, as the player is given the chance to select the number and go directly to it.