Craps Odds & Payouts Explained

Article by : Max Bet May 27, 2022

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Many novice gamblers do not pay attention to the table with payouts in their chosen game and do not try to calculate the potential odds of success. This is the wrong approach, which will not allow the player to count on a profit when considering a long distance. If you have the time and energy to familiarize yourself with the features of payouts in a popular game like craps, it will give you:

1. The ability to choose a strategy optimally. It should be understood that there are many techniques developed for each betting option to keep your playing bank afloat. It all depends on the odds on a particular bet, as well as on the stage of the game when it was made.
2. Information to allocate funds. Clearly understanding the peculiarities of tossing dice, casino clients can decide for themselves “how much money I am ready to spend on one visit to the gambling establishment. It is desirable to talk about such a sum that the player will not regret, even in case of defeat.
3. Prepare for possible risks associated with the results of the next flip.

A player’s potential success depends directly on the time he is willing to devote to preparation. If this is not done, you can significantly reduce the odds of making a profit.

What Is House Edge?

If you want to know the peculiarities of winning combinations in any game, including craps, it is advisable to pay attention to such a concept as “house edge”. Globally speaking, this is a nominal advantage the casino has over the customer before the bet. Of course, no gambling establishment would function successfully if their clients could win the system from a distance. Every game that is available to casino players in land-based casinos and online gambling sites has the house edge at the very beginning. In general, Craps has quite adequate conditions. For example, on such bets as pass line and don’t pass line, the company’s advantage does not exceed 1.6%. This means that, on average, you’ll get $1.6 from every $100 you bet. In the riskiest cases, this figure rises to 33%, so experienced gamblers do not consider these options seriously.

How to Calculate Payouts?

The most progressive gamblers who are serious about visiting a casino or registering at an online gambling site will take the time to calculate their payouts. In general, everything is simple enough. It is necessary to multiply the bet amount by the coefficient offered by the system. On the other hand, it should not be forgotten that in some cases, customers of gambling establishments make a lot of bets at a time to minimize the likelihood of losing. Consequently, it is necessary in the process of training your skills to learn to calculate different probabilities as quickly as possible to keep your bank “afloat”.

Much easier things are in online casinos. There, all calculations are conducted by the system, and profits are automatically transferred to the player’s account after a successful bet. However, the risks are much higher, since the reliability of many online resources is much lower than their competitors in real casinos.

Bets With Low, Medium, and High Odds

Naturally, each player must determine for himself how much experience in betting in the game of craps. From there, he can also decide what type of bet is worth making in any particular case, with a particular bank, and under certain conditions. Conventionally, when it comes to odds, bets in this game can be divided into three levels:

• bets with low odds: Pass and Don’t Pass, Come and Don’t Come, Don’t Pass Line – 4 or 10, Place bet – 6 or 8, field bet, etc.;
• bets with medium odds: Place Bet (5 or 9; 4 or 10), Pass Line (4 or 10; 5 or 9), and 7;
• bets with high odds: Craps (2 or 12; 3 or 11), Hardway (4 or 8; 6 or 10).

The difference between these types of bets is not only in the final odds of players. After all, many progressive options can be incomprehensible to the newcomers who joined the gaming table for the first time. Consequently, the gambler must decide for himself if he is ready to start making riskier, but at the same time profitable bets.

How Dealers Count Payouts So Fast?

It should be understood that there can be up to 24 players at a craps table at the same time. And they need an instant profit calculation. As examples, you can consider a few rules that dealers use to calculate the bet as quickly as possible:

1. Dealers place players’ chips near the necessary field to understand what and when the bet was made.
2. The boxman and other dealers who take part in the process make payments in a specific order, so as not to confuse themselves and not to confuse customers. The bets made are calculated in a sequence such as pass bets, come bets, and regular bets.
3. Payouts of bets start with the gambler who is closest to the boxer. After him, winnings are given to the rest of the participants.
4. Each dealer, who has extensive experience at the craps table, remembers all the odds for payouts. Consequently, they make similar calculations daily many times.

Thus, over time, all the calculations are performed by casino specialists on an intuitive level. In online casinos, such functionality is laid on the software, designed for automated execution of various operations.

What Are the Best and Worst Bets in Craps?

It is interesting that even though the bet on the Pass Line and Don’t Pass Line are considered the easiest in the game of craps, they are the most likely to bring the player the final win. This is evidenced by the payout chart. After all, according to the official information, the House Edge for these betting options is 1.41% and 1.36% respectively. Naturally, such bets will not allow the client to make a huge profit at once, but they are the most reliable and help to keep the bank afloat. In turn, a bet such as Any 7 for a one-shot bet brings the company 16.9% of the winnings at a distance. Consequently, before joining the gaming table, the gambler should clearly understand how he will bet. It is desirable, to do this, get acquainted with various gambling strategies, and choose for yourself the most suitable.

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