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Odds Are Everything

These days you'll find fierce competition for the player's dollar, particularly at craps. Many casinos allow you to make odds bets of double, triple, 5, 10, and even 100 times the amount of your pass-line bet. They generously offer this betting to get your business. So what does this mean for you?

If you get $5 on the pass line with 100-times odds, you can wager $500 behind it. As the amount allowed odds increases, the house advantage decreases considerably. The following chart shows what the house advantage is with the amount of odds offered.

House Advantage
Note: the house advantage diminishes as the odds increase. If you're prepared to play at 100-times odds, the house advantage reduces to practically nothing.
Single Odds
0.8 percent
Double odds
0.6 percent
Triple odds
0.5 percent
5-times odds
0.3 percent
10-times odds
0.2 percent
20-times odds
0.1 percent
100-times odds
0.02 percent

100-to-1 odds?

Odds of 10 times or 100 times sound really good for the player; however, think about what kind of bankroll you need to play at that level. A $10 pass-line bet with 10-times odds would require you to bet $100. A $25 bet required $250 on the odds. Imagine what happens when you are allowed 100-times odds on those types of wagers!

Odds Bets

Taking odds on pass-line and come bets are the best bets anywhere in the entire casino. Why? Because the casino has zero advantage, or edge, over the player when adding odds to these original bets. The casino will pay you the true odds when you win an odds-type bet at craps. Remember that you can make an odds wager on the pass line and on the don't pass line after a point has been established. Also, you'll want to take odds on a lay bet and on a don't-come bet after the bet has been moved to a number.

Craps Payout Odds
By looking at the payout odds versus the house edge for the various bets in craps, the wise player should be able to ascertain which bets to make regularly, and which to avoid.
Payout Odds
House Edge
Pass-line bet 1 to 1 1.4%
   Single odds 1 to 1 0.8%
   Double odds 1 to 1 0.6%
Don't pass-line bet 1 to 1 1.4%
   Single odds 1 to 1 0.8%
   Double odds 1 to 1 0.6%
Come bet 1 to 1 1.4%
Pass-line point 4 or 10 w/odds 2 to 1 0%
Pass-line point 5 or 9 w/odds 7 to 5 0%
Pass-line point 6 or 8 w/odds 7 to 6 0%
Field bet 3, 4, 8, 10, or 11 1 to 1 5.5%
Field bet 2 or 12 (double) 2 to 1 5.5%
Field bet 2 or 12 (triple) 3 to 1 2.8%
One-roll bet any 7 4 to 1 16.67%
One-roll bet any craps (2, 3, or 12) 7 to 1 11.11%
One-roll bet any 2 or 12 30 to 1 13.89%
One-roll 3 or 11 15 to 1 11.11%
Don't pass-line point 4 or 10 1 to 2 - 5% vig 2.44%
Don't pass-line point 5 or 9 2 to 3 - 5% vig 3.23%
Don't pass-line point 6 or 8 5 to 6 - 5% vig 4.00%
Big 6 or Big 8 1 to 1 9.09%
Hardways 6 or 8 9 to 1 9.09%
Hardways 4 or 10 7 to 1 11.11%
Place 4 or 10 9 to 5 6.67%
Place 5 or 9 7 to 5 4.00%
Place 6 or 8 7 to 6 1.52%

If you look at the "Craps payout odds" chart, you will see that you have to wager more to get less on the don't-pass bets. For example, you must bet $2 to win $1 on the don't pass 4 or 10; $3 to win $2 on don't pass 5 or 9; and $6 to get $5 on 6 and 8 numbers.

Are the odds "on" or "off"?

Come-bet odds are always temporarily off during the come-out roll, and are automatically put back on once a point is established because players hate to lose their entire bet when a winning 7 is thrown. Remember, the dice don't know you have a bet working, so they're just going to follow the laws of probability. You can tell the dealer, "Odds work on the come-out," and the dealer will place a special "on" button on your bets. That way, if the shooter does throw a point number, you'll be paid even money for your come bets and true odds on your odds bet. Most players accept the common procedure of odds being "off" on the come-out roll

The main marker that is used to tell everyone whether the odds are on or off is called the puck. The puck is white on one site, with ON printed in bold letter; the other side is black and is painted with the word OFF. The puck is handled by the dealers at the end of the table. After a point is established, the dealers will first turn the puck to the white side, and then place it on the point the shooter established.

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