Please see my page on the Different Doubles for the rules rules and analysis. The Different Doubles pays based on the number of distinct doubles the shooter rolls before a seven. Please see my page on the Fire Bet for the rules rules and analysis. On the next page, we'll talk about types of craps bets, their odds and what the casino pays for each.The Fire Bet pays based on how many unique points a shooter can make before sevening out. For example, by knowing that the casino has a 1.41 percent edge in craps, you can know that you'll be losing 14.1 cents for every $10 bet.įor charts of odds for all types of bets, visit the Wizard of. defines it as, 'The ratio of the average loss to the initial bet,' going on to explain that it's based on the original wager rather than the average wager so that players can have an idea of how much they are going to lose when they place a bet. The difference between the true odds and what they pay you is how they make money - it's called casino odds.Īnother way to better understand casino odds versus true odds is to look at the definition of the casino (or house) edge. But in a casino, depending on the bet, you might only be paid $.96. For example, on a bet that had true odds of 1:1, you would think that if you bet $1 and win, you would be paid $1 in winnings. So, the payoff for any given bet is less than what true mathematical odds would dictate. The casino, however, has to have an edge in order to make a profit on the game. If that were a bet on which you were being paid true odds, you would be paid even money. You have a 50/50 chance of the coin landing on heads, and a 50/50 chance of it landing on tails. To better explain how the casino edge works, let's take the example of flipping a coin. (We'll talk more about free odds in Strategies the Winners Use.) Free odds, which is an additional wager you place with your original line bet, pay true odds so the casino's edge is reduced.

Now, true odds are not what the casino pays you unless you're also betting 'free odds' on top of your main bet. Knowing the odds in craps is good so you have a feel for the likelihood of one number being rolled before another one (e.g., is the 4 going to be rolled before the 7?). Odds for Each Numberīy looking at the possible combinations, the ' true odds' for each number can be established. This means you'll roll a 7 once out of every six rolls, a 6 or an 8 once out of every 7 to 8 rolls, and so on. From the chart, you can see that the most likely number you'll roll is a 7, followed by the 6 and the 8, then 5 and 9, then 4 and 10, then 3 and 11, and finally (and least likely) the 2 and the 12.

Odds craps bets