Craps betting strategy- just for fun
Hey all, just wondering if this is a sound betting strategy for craps? I normally Play the don’t side and will play multiple don’t come bets and always take odds. I find it kinda annoying to play unless at a table by myself bc people seem to get pissed off if I do well.
Ok so played the pass side this week, found it fun. Ok so strat was this- play a single pass line bet and do 1x odds at least behind (normally go 2-3x). Play multiple come bets after point and take 1-3x odds. Thoughts on this strategy?
Only problem I see with it is this: going to lose a lot of money fast or win a lot of money fast. Aka if I start at say $15-25 table with $400-600, I could easily be busto in 5-15 min but also could make 2-4x my start quickly in 20-30 min if a hot roll occurs. Any hate toward this strat? I’m kinda fine with losing money quickly as I don’t find being at a table for 3 hours to be ideal.
This past weekend I turned $600-2200 and then $400-900 using this strat in very quick sessions. I know these results are massive outliers but just wondering if you are a fan? I like it more than don’t side because at least when numbers hit before 7, you get paid true odds and it is more than base bet- aka $50 on a 10 or 4 is paying 100 instead of me betting 100 to win 50 from a don’t side wager.
9 Replies
This two way blender is one of the safest strategies, with low volatility
Pass and come with odds, or DP/DC with odds, is the best (least disadvantageous) way to play craps. The whole play after that is money management. How many points? How much odds? Experience will teach you.
Playing odds as high as possible is the best way to reduce the house edge on craps. That is because there is no house edge on the odds bet. You essentially are combining a large zero-edge bet with a smaller bet with a house edge of a few percent. Other than that, there is no way to make craps more favorable. Play any bets you want, but all will have some house edge associated. The minimum house edge is obtained by a pass plus whatever maximum odds bet you can make.
As a percentage of your total bet it is. For example, suppose you are offered a bet where your win probability is 50%. You can place either a $10 bet which will pay $9.50 if you win or you can place a $110 bet which will pay $109.50. The second option is equivalent to a 10x odds bet on craps - you place a bet 10x the original one and get a fair payout.
Now in case 1, your EV is 0.5(9.5 - 10) = -0.25. Since your bet was $10 this represents a house edge of 2.5%. In the second case your EV is 0.5(109.50 - 110) = -0.25, same as before as you correctly point out. This time though the house edge is based on your 110 bet and is 0.23%. The numbers are certainly different for craps, but the idea is the same. The house edge as a percentage of what you bet is reduced by making a bet with no house edge.
The odds bets are just churning away at even money. The casino doesn't care. That's why they allow you 10x on odds bets.
For the same total wager, a strategy with more chips placed on odds bets will have a better EV than one without. So technically, it does reduce the house edge to use odds bets.
Actually that’s exactly why the odds bet is advantageous to the player. Essentially it’s the best bet you can get in a casino - it’s a bet offering a fair (zero EV) payout. Casinos aren’t typically in the habit of offering fair wagers. Pretty much any other wager you make on a table game or a slot machine is unfair to the player to some extent. I’m honestly not sure why casinos offer odds bets on craps since they don’t make any money on them. I suppose it’s probably to attract players to the craps table, but the casino would much rather you place a $110 pass bet than a $10 pass bet followed by a $100 10x odds bet.
