Odds Of Winning At Craps
With the odds bet, you can get the house edge in craps lower than 0.5% at least some of the time at the table, making it an even better game than blackjack. And what’s more, you don’t have to memorize basic strategy to get the low house edge at craps. Casinos in Las Vegas for example will allow players to wager 10x, 50x and even 100x odds bets. The rule of thumb is this: The more money you bet on the odds bet, the lower the house edge becomes in your overall pass/come bet that you originally made. The odds bet itself pays out true odds, meaning there is a 0% (yes zero) house edge. Thankfully, you can add an additional wager to your pass line bet after the come-out roll called the odds, which, if you win, will pay true odds. Consequently, the odds bet has a house edge of 0%. Overall, the pass line bet is definitely one of the best bets on the craps table with a house edge of 1.41%.
Craps payouts and craps true odds are essential for players who are eager not only to enjoy a few sessions of this dice game but who also wish to win some cash. However, not all players are experts when it comes to the math behind odds and craps payouts. Happily, understanding odds, payouts and your chances to win is not as difficult and challenging as it sounds.
Craps is a game of luck and players cannot apply complicated strategies, but this game requires serious calculations that will help gamers determine the best craps payouts available. It may seem a bit confusing at first, but players should know how to calculate craps odds payouts so that they can spot the top bets and get as much as possible from the game.
Below you can find a detailed guide to craps odds and payouts that will hopefully allow you to get familiar with the numbers and understand how craps payouts work. It’s a great practice to have a great craps winning strategy before you start betting. But before we proceed to that, we will take a look and explain some of the basic craps terms because we know that not all players are experienced experts and need some explanations and clarifications.
- Craps true odds
players use this term to define the calculated odds that participants in a game of craps will win or lose depending on the bet they place. The amount of cash you bet does not affect the odds. However, the amount of the bet has an influence on the craps payouts.
- Bet
this is the wager that players make during a game of craps on the table.
- Craps payouts
the payouts are the cash you get if your bet wins. If your bet amounts $5 and the payout is 1/1, you will get extra $5 beside the money you have gambled.
- House edge
the house edge is a percentage that demonstrates the percent over the even odds that the casino holds. Typically, this figure shows the possibility of the house to win a particular bet.
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How to Calculate Craps Payouts Efficiently for Profitable Wins
All players who decide to participate in a dice game should know the craps true odds. However, if a player wants to be aware of their chances to win, they should first know how often a dice roll may appear in the game. The primary focus of craps is the number seven, and there is a simple explanation of this fact – players hit this number more often than other numbers. Online casinos have made detailed calculations and have figured the odds for all rolls, so old and new online gambling operators are perfectly aware of the advantage they have over gamblers for each wager.
Each dice has a total of six sides, which means there are six values. In a game of craps, the players throw two dice, saying that twelve different results can come out of a single roll of the dice. However, if you consider this more carefully, you will realise there are thirty-six possibilities. When you play craps, you should take into account all possible combinations of numbers when you calculate the craps odds and payouts.
Here we will discuss the different craps odds payouts starting from the two numbers that are the hardest to throw: two and twelve. There is only one combination of the two dice that can result in these figures, namely 1 and 1, and 6 and 6. Thus, the craps true odds for two and twelve are 1:36. As it is evident from the odds, the craps payouts are higher when the number is harder to roll.
The next couple of figures based on the possibilities to come out as a result of a roll are three and eleven. These two numbers can come out of two different combinations of the dice, and this means the odds for three and eleven are 1:18. The player can hit for and ten with three combinations of the dice, so the odds here are 1:12.
There are four separate combinations to throw five and nine, so the odds for these two numbers are 1:9. The outcome of six and eight can be achieved in five possible combos, which means the odds are 1:7.
Let us carefully examine the number seven which is the easiest the roll. There are six various ways to throw seven using two dice, like in street craps, and the calculations say that the odds for going seven are 1:6. How did we calculate the craps payouts and odds for this number? Number seven can come out in three separate ways: one plus six, two plus five and three plus four. To calculate the craps payouts and odds for this number, we multiply the three by two (the two dice that players use in the game), and the result we get is six. Thus, the odds are 1:6 and seven is the most frequent number that comes up in craps games.
How to convert the chance to roll a particular number into odds?
Odds are the number of probabilities that something does not happen as opposed to the number of possibilities that it happens. Let us illustrate this with number seven again. In this case, there are five rolls that are not seven.
It may seem a bit confusing how to define the odds for each number that may come up as a combo of the two dice. However, the example and information above will surely help you understand how to calculate odds in craps. Knowing the odds is essential because this info allows you to determine the craps payouts you may expect from a particular game of craps. Players should take into account that the odds vary for the different numbers that they roll. If you are aware of the different odds, you will be able to make a proper decision whether to increase or reduce the stake on a particular bet. Here is a simple formula that will help you calculate your chances to hit a specific number: just divide the number of likely results by the amount of total results (it equals 36). Thus, the opportunity to throw seven is 6/36 x 100 = 16.6%.
To conclude, we should say that although it seems challenging and difficult to calculate craps true odds, the process is rather simple and straightforward. Keeping it easy, you should start by defining the total number of possible results, which in the case of craps is thirty-six because players use two dice.
As mentioned before, players have just one way to hit two and twelve – rolling one on each of the two dice for a 2, and hitting six on each dice for a 12. Thus, as we have a total of thirty-six combos and just one of these combos can be 2, the probability to roll two is one out of thirty-six. If we need to define this it terms of odds, this means that the odds are thirty-five to one. Then, there are two combos to throw 3, i.e. rolling one and two, or hitting two and one, meaning that the possibility to run 2 is two out of 36 or one out of 17. In odds, this means seventeen to one.
Now you are familiar with the basic math behind craps payouts and odds, and you know how to calculate the odds and the probabilities to win. Below we will discuss the house edge and its influence on the payouts for craps.
House Edge and Payouts for Craps
The term house edge defines the difference between the craps payouts that the casino pays and the craps true odds. Thus, in case a given gambling provides pays $30 for a $1 wager for rolling number two, the casino will have a profit as the true odds for this figure are 35:1. In the case of a break-even bet the casino should pay $35 and refund the dollar for the wager. However, if there are only break even bets, casinos would not be able to have any profits, and there would be no functioning gambling establishments.
Players should know the house edge and the craps odds payouts so that they can select better wagers, i.e. the bets with reduced house edge. It is essential for players to keep in mind that the house edge varies for the different types of bets.
How to Spot the Best Payouts for Craps
When a player is eager to play craps, they certainly wish to spot the best craps payouts and the most favourable odds. Typically, online casinos offer better odds, which means their craps pay outs are higher and players can win more cash than in offline gambling establishments. Online casino operators provide a great variety of games alongside with top craps odds and payouts, so gamblers have the chance to get significant cash winnings.
However, there are multiple casinos in the Internet and players may not be sure how to spot the best establishments and the most favourable craps odds payouts. There are some factors you need to consider before you select a new online casino to play craps.
Players should always choose reliable web casinos that offer full protection of individual details through a trusted encryption. The Internet gambling provider should offer a wide selection of games and mobile support so that players can find the most suitable options. Gamblers also need to check the payout percentages before they proceed to play. Get a close look at the craps true odds and craps payouts that the casino offers to avoid frustrating misunderstandings and headaches. It is essential to play at a casino that process payouts within a reasonable time frame, i.e. two or three days. Look for gambling providers that accept multiple payment alternatives, such as bank transfers, debit cards, checks, credit cards, and Internet wallets.
Now you may wonder why online casinos can offer better craps payouts than the traditional establishment. The explanation is simple – gambling operators who function on the Internet are not restricted to a particular place, and this allows them to provide any number of games. Thus, the range of featured games is huge and craps payouts are better in online casinos.
In contrast, online casinos do not have the same restrictions, and this means they can offer more variations of a single game. Thus, while a live casino will pick one or two variants of blackjack (often based on their personal preferences), an internet gaming room will often have a variety of different games.
Traditional offline establishments may offer a restricted number of games and variations because they have limited space. Also, live casinos have to follow particular requirements enforced by the local gambling authorities, which may also affect the variety of games they offer.
Internet casinos do not have to comply with all these factors, so they have great freedom and can provide much better craps odds payouts to their players. Thus, if you are looking for a chance to win big cash playing craps, it is wiser to select an online establishment where the craps odds and payouts are much better.
Frequently Asked question About Craps Payouts
What is a good payout percentage?
For online casinos, favourable payout varies from ninety-seven percent and over. If you spot a rate ranging between 98 and 99, you have found the best payouts for craps on the Internet.
What do we call a payout percentage?
The payout rate is the total sum of cash that players put in bets at a particular gambling operator that then the casino pays back to the gamblers in the shape of winnings. Naturally, if the percentage is bigger, the number of people who win will be higher than in the case of a lower ration. Plus, you have better chances to get out on top of the list of winners.
What are the highest craps payouts I can expect?
Players should always look for gambling operators that offer the highest possible payouts for craps. Any percentage over ninety-seven is good, but you can expect to get craps payouts as high as 98 to 99 in rare cases. Such returns would be outstanding and unquestionably deserve the attention of gamblers.
What is the time to process payouts for craps?
The time varies, starting as short as twenty-four hours up to ten days. The speed at which online casinos process payments depends on multiple factors, such as the payment option you use, the platform of the casino, and their payment policy. However, it should generally take between one or three days, so our recommendation is to select online casinos that manage to proceed craps payouts within this time frame.
Do casinos set a minimum sum that players have to withdraw?
Most online casinos fix such amount of payout, but this depends on the gambling provider and their conditions. However, even if there is a requirement for a minimal amount to withdraw, the sum will probably be little. It is a good idea to check the conditions of the casino before you start playing craps and need to withdraw your craps payouts.
Will a withdrawal affect craps payouts?
Again, this depends on the individual casino and the payment option you use. Some of the acceptable payment options require more time to proceed your craps payouts while others are much faster. However, players should get familiar with these conditions and select the most suitable payment approach to withdrawing their payouts for craps.
Even though playing craps does not rely on some complicated strategy and luck plays an essential role in these games, it is crucial that players understand what craps odds and payouts are. Being able to calculate the craps payouts and knowing the math behind odds and probabilities to win gives you the chance to register a winning and to get significant cash when you play your top favored dice game. Hopefully, our comprehensive guidance in the field of payouts and odds is useful and will clear the situation for you, so that your play get even more fruitful and profitable.
What Are Your Odds Of Winning At Craps
Crapless Craps You may have run across it at the Stratosphere in Vegas.Or was on some backwater boat in Mississippi?Or maybe it was at that Indian casino you visited on vacation.It’s called Crapless Craps.Many players like this game, yet after thirty years on the market, Crapless Craps is still difficult to find.Why?Primarily because it is a proprietary game, which means casinos must pay a licensing fee to use the layout.But there’s also a certain amount of player - and casino - reluctance to accept the game.Part of this comes out of confusion over the payout schedules - still another set of numbers for dealers and players to learn.Then there’s the vig – substantially higher than at the traditional game.Nevertheless, Crapless Craps can be a profitable game for the skilled dice setter who plays the “best bets”, then arranges his dice accordingly. The basic Crapless Craps game is quite similar to traditional banker’s craps, however it does have a few unique variations.First off, there’s the addition of four new point numbers.The 2, 3, 11, and 12 are point numbers in this game.Since it is “crapless,” you cannot lose on the come out roll.But you don’t automatically win on the eleven either, so the only way to win on the come out is by throwing the seven.Traditionally, the best set for throwing the seven is the hard 10 set with the 3/4 on the side.But we’ll get into this more later. At first glance the Crapless idea looks good.You’re giving up one natural, the 11,to avoid three losers, the 2, 3, or 12.Remember, though, that the probability of hitting a point of 2 or 12 is only 1/7, and the probability of hitting a point of 3 or 11 is only 1/4.In fact, giving up that sure winner on the eleven for a shot at winning on the 2, 3, and 12 boosts the house edge on the pass line to a whopping 5.382%.Placing single odds will reduce the vig to 2.936%.Double odds reduces it further to 2.081%.But it is not until you get to 5X odds that the vig gets halfway respectable – down to 1.042%.However, most of these games offer nothing better than double odds.Therefore, the pass line bet should be avoided unless you are shooting the dice. Let’s take a look at the true odds aspect of these “new” point numbers at Crapless Craps.The true odds of any point rolling are based on the number of ways that point can be rolled in relationship to the number of ways the seven can be rolled.Imaging you have $5 on the line and the shooter establishes the twelve as his point.You place full double odds behind the line bet and have a total of $15 in action.What would be the correct pay off if the shooter made the point?There is one combination of the dice that adds up to twelve.The six-six.But there are six combinations that add up to seven.They are one-six, two-five, three-four, four-three, five-two, and six-one.Therefore, the correct true odds on the twelve are six to one.In our example, if the shooter made his point we would be paid $5 for our line bet, and $60 for our $10 free odds bet, for a total payoff of $65. TRUE ODDS PAY-OFF FOR CRAPLESS CRAPS
As you can see from the above chart, if the three or eleven is established as the point, the correct true odds payoff is three to one.Using the same example as above, a five dollar line bet with double odds would pay a total of $35, five for the line bet and thirty for the free odds bet.The rest of the numbers pay the same as in a traditional game.Sounds good, right?But remember, the elimination of the eleven as a natural increases the vig in this game.A pass line or come bet with double odds carries a toll of2.081% compared to 0.60% in the traditional game.Again, the line bet should be avoided until it’s your time to shoot the dice.Still, you should know the correct pay-off for those times when you are shooting the dice.This will also come into play with your buy bets - which we will get into later. Now let’s take a look at place betting for Crapless Craps.Obviously, the traditional 4, 5, 6, 8, 9, and 10 bets are played – and paid exactly the same as in a standard game.The vig on these bets is no different than what you are used to.The major difference in this game comes with the placing of the “extreme outside” numbers, the 2, 3, 11, and 12.The pay off odds for place bets on these numbers is as follows: EXTREME OUTSIDE PLACE BET ODDS As with the five and nine – you must bet an even amount of money to get a correct pay off on the extreme outside numbers.On a five dollar table the minimum correct bet on the two or twelve would be six dollars.For a correct pay off on the three and eleven you would place eight dollars.Placing an incorrect amount will result in a reduced payoff, which increases the already considerable vig.The11:2 payoff on the 2 and 12 yields a house edge of7.143%.The 3 and 11 run a close second with an edge of6.250%.That is why most veteran players “buy” the extreme outside just as they would the four and ten. A Buy bet is similar to a Place bet except that you pay a 5% commission up-front in exchange for receiving a true payoff if it wins. The commission is based on the amount wagered. For example, if you wanted to make a $20 Buy bet on the number 11, you'd put down $21 in the Come area and tell the dealer 'Buy the 11'. He or she will move $20 to the number 11 point box and place a BUY button on top it. The extra $1 (5% of $20) is the vig for the house. The result is that you'll win $60 (3:1) instead of $55 (11:4) for a place bet in the same amount.If your bet wins and you want to keep it up, you'll have to pay the dealer another $1 commission. The vig is returned if you remove the bet before it wins or loses. Let’s review the best bets in Crapless Craps.Number one on the list is placing the six and eight - with a vig of 1.51%.Next on the list is the pass line with double odds - which carries a vig of 2.08%.Last of all is pushing the house for a better buy on the extreme outside numbers - which can get the vig as low as 2.56%.Now let’s move on to the basic Crapless dice setting and betting strategy. A strategy for players with less bankroll to work with might be to place the extreme outside numbers for $6 and $8 each, then buy them out of the payoff on the first hit.However, the vig on this bet is substantially higher than on the buy bet.Whenever possible, it is best to pay the additional $12 plus the commission for a correct payoff.Remember, too, that money management is the cornerstone of any good betting strategy.With that in mind, plan to incorporate at least one regression move in your play, with an eye toward locking up a small win or minimizing potential losses.But any good strategy should focus on signature numbers for the dice arrangement to be used. Since the game is “crapless,” on the come-out roll you want your best shot at hitting a seven – or establishing a point of 2, 3, 6, 8, 11 or 12.The recommended arrangement for these numbers is the hard-ten set – the 5-5 up, the 6-6 and 1-1 facing up and down table, the 3-4 on the sides.When rolled on axis, four out of sixteen possible combinations of the dice add up to seven, four combinations yield the six or eight, while six out of sixteen combinations add up to an extreme outside number.That’s one way to make the two or twelve, and two ways to make the three or eleven.If you score a seven on the come-out roll – great.If you get up on any of our favored points – that’s great, too.You’ll want to play maximum free odds behind your line bet in order to reduce the vig and take advantage of the huge potential payoffs on these numbers.But once the point is established you should change your set for the balance of your roll. Assuming you are successful in establishing one of your preferred points, the correct dice set is one you are all familiar with by now - the crossed-sixes.In this arrangement, one die has the 3-4 on the sides, and the other has the 5-2 on the sides.Rolled on axis, this set reduces the number of combinations that add up to seven from four to two.You have one way each to make the two, three, eleven and twelve, plus two ways each to make the six and eight.That’s a total of eight ways to win versus two ways to lose on the seven. So next time you’re at Sam’s Town in Tunica, The Isle of Capri in Kansas City, or yes, even the Stratosphere in Vegas – step up to the old Crapless game, wait for the dice, put five on the line and give it a whirl.With a little luck and a lot of skill – it might be the most fun you’ve ever had shooting dice. Copyright 2001 by Stephen Haltom - all rights reserved. |