Craps, the Best and Worst Bets of the Casino
The Best Bets in the Casino
Craps has the best and worst deals in the casino. Barring those games that have a positive expectation (a negative house edge) when played with special strategies, craps has one of the best odds in the house along with baccarat. Both craps and baccarat return very good odds for the player if they just know what bets to make. You don't have to be a great player; you just need to know where to place your chips.
In craps, you only need to make the pass line at every shoot and you already have one of the best bets. The odds for an ordinary pass are at 1.4%. For the opposite or don't pass the line wager, the odds are slightly even better. If you are a miser you want to make this bet - it is one of the bets no doubt - but making this bet sets you against the shooter. Betting for the shooter is more enjoyable for most craps player.
To get even better odds, you should follow up the pass line with an odds bet whenever a point is established. Find a casino that offers at least ten times the original bet for the odds bet. This will diminish the house edge even more. If you are lucky enough to get a hundred times odds bet, the house edge shrinks to 0.02% which as close to break even as it gets!
The Worst Bets in the Casino
So much for the good bets. Unfortunately craps isn't all good. It's not called "craps" for nothing, you know. Truth to tell, this dice game has some of the absolute worst bets ever. If you want to run your own casino, then get to know these bets because they are the ones that can make you rich!
Worst Bets in Craps
Bet Payoff House Edge
Any Seven 4:1 16.7%
Two 30:1 13.9%
Twelve 30:1 13.9%
Three 15:1 11.1%
Eleven 15:1 11.1%
Any Craps 7:1 11.1%
Hard Six 9:1 9.1%
Hard Eight 9:1 9.1%
Hard Four 7:1 11.1%
Hard Ten 7:1 11.1%
Field 1:1 5.6%
Big Six, Eight 1:1 9.1%
You will notice that the worst bets those placed attractively and prominently. That is a ploy to get naïve players to make those bets. For a craps player, it pays to keep it simple. Don't risk your money on wagers beyond the pass line and odds bets.