by Michael Bluejay Special for NextShooter.com
If there’s one thing you learn from this site, the Boneman hopes it’s that you shouldput as much of your craps money on the Free Odds bet as possible. Let’ssee what the Free Odds bet is, and why the Boneman is so insistent that you favorit over most of the other bets.
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The House Edge
To understand why the Free Odds bet is so important you first have to understandthe house edge. The house edge is the casino’s average profit on any bet.In craps, the house edge on the Pass Line bet is 1.41%. That means that for every$5 wager on the Pass Line, the casino will keep seven cents as profit on average.($5 x 1.41% = $0.07) This doesn’t mean on a single wager the casino will keep $0.07and pay you back $4.93. The house edge is the mathematical average for thelong run. If you made $1,000,000 in Pass Line wagers, $5 at a time, by the end you’dprobably have lost around $14,100, or 1.41% of what you wagered.
Different bets carry a different house edge. The 1.41% for the Pass Line bet ispretty low for a casino game, and is one of the best bets in the casino. The houseedge on roulette is around 5% and slots are often 7-8% or more. Even in craps thereare sucker bets with a high house edge, such as Hardways (9-11%) and the Propositionbets (up to 17%). When you gamble it’s important to seek out the bets with the lowesthouse edge, because you’ll lose less money that way and have a greater chance ofwinning.
The Free Odds Bet
The Free Odds bet carries no house edge. The casino makes no profit on thisbet. This is the only bet you can make on a table game where the odds aren’t againstyou. How can the casino make this bet available when they don’t make any money onit? Simple: Most players aren’t smart enough to make this bet. If all craps players made Free Odds bets and avoided the other bets, the casinowouldn’t be able to offer craps!
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How it works
Of course the Free Odds bet isn’t totally free. You have to make a flat bet(Pass, Don’t Pass, Come, or Don’t Come) before you can make the Free Odds bet. Let’ssee how it works with a Pass Line bet. You make a Pass Line bet, and the shooterrolls a number to establish a point (4,5,6,8,9, or 10). Now you can make a FreeOdds bet, by putting your chip(s) below (due South) of your Pass Line bet. It’skind of like doubling down in blackjack. Now if the shooter rolls the point again,you not only win your Pass Line bet, you also win the Odds bet.
The reason there’s no house edge on the Free Odds bet is that winning bets are paidat true odds. If there’s a 2-to-1 chance of your winningthe bet, then a winning bet is also paid 2-to-1. The way the casino makes its profiton all other bets in the casino is by paying less than true odds.
The true odds varies according to the point, and so the payoff varies as well. Here’show much a winning Free Odds bet is paid depending on the point.
Free Play Odds
|4 and 10||2 to 1||a $5 wager is paid $10|
|5 and 9||3 to 2||a $5 wager is paid $7*|
|6 and 8||6 to 5||a $5 wager is paid $6|
|* Rounded DOWN from $7.50 on a Strip table layout. “Downtown” layout might pay actualratio of a full $7.50. Strip table layouts do not handle 50-cent pieces.|
The amount you can bet on the Free Odds varies from casino to casino, and is postedon a sign on the table. It’s always some multiple of the Pass Line bet. On a tablewith Double Odds you can bet twice as much on the Odds as on your Pass Line bet.(If you made a $5 bet on the Pass, you could bet $10 on the Odds.) Since the Oddsbet carries no house edge, it pays to seek out casinos that offer the maximum oddspossible. In Vegas you can get better odds downtown vs the strip; many downtowncasinos offer 10x Odds, or even better. The exception on the strip is the Casino Royale, which offers an amazing 100x Odds on craps. The Free Odds bethas the effect of diluting the edge of the flat bet you have to make before youcan make the Odds bet. Here’s the overall house edge for the flat bet plus the maximumOdds bet.
|House Advantage when you take the Odds|
|Pass Line||Don’t Pass|
|Full Double Odds||0.572%||0.431%|
With Full Double Odds means the player can take 2.5x odds on a point of 6 or 8,and 2x on the other points. 3-4-5X Odds means the player can take 3X on the 4 and10, 4X on the 5 and 9, and 5X on the 6 and 8. If the player takes the maximum oddsthen the payoff will conveniently be seven times the pass or come bet. (See ourseparate article about 3-4-5 odds
The Free Odds bet works differently if you’re betting the Don’t Pass or Don’t Comeinstead of the Pass or Come. With the Pass or Come you bet a smaller amount to wina bigger amount. On the Don’t side it’s the opposite: you lay a larger betin order to win a smaller bet. For example, on a point of 4, instead of betting$5 to win $10, you lay $10 to win $5. The bet is still paid at true odds and carriesno house edge, it’s just made and paid in reverse. That’s because once a point hasbeen made you’re the favorite to win, since a 7 is more likely to be rolled thanthe point, so when you do win you’re paid less.
When the Free Odds bet doesn’t help
There’s a subtlety of the Odds bet that’s important to understand. Let’s say youmade a $10 Pass Line bet, and a point has been made. Now you have the opportunityto make a Free Odds bet. However, if you make the Odds bet it won’t increase yourchances of winning, and your expected loss will be the same whether you make theOdds bet or not: 1.41% of your $10 Pass Line bet. So if making the Free Odds betdoesn’t increase your chances of winning, and doesn’t decrease your expected loss,why would you make it?
To answer this question we have to back up a bit. The Free Odds bet is a good dealwhen you put money on it that you were going to bet anyway. If you wantedto bet about $10 per round, then you’ll get a better deal by betting $2 on the PassLine and $10 on the Odds (on a 5x table), vs. betting the $10 on the Pass Line andtaking no odds. With no odds your expected loss is $10 x 1.41% = $0.14 per roll.But by putting $2 on the Pass Line and $10 on the Odds, your expected loss is only$12 x 0.326% = $0.04. Your expected loss is smaller, and you have a greater chanceof walking away a winner. So, for whatever amount you want to bet per round,get as much of it on the Free Odds as possible! This is the single most importantthing to know about playing craps.
Craps -The Intimidating Table Game?
Who hasn’t walked past a craps table the first time feeling intimidation and excitement at the same time? Everybody that’s who!
Nevertheless, it doesn’t stop the curious from learning the game as quickly as possible. Novice player or not - it is for the real gambler, wanting real money action.
Learn the ins and outs and that daunting sentiment quickly disappears. It’s not like the Hollywood portrayal of high-roller James Bond types. A dress code of men in white tuxes sipping on martinis and lovely ladies blowing on their dice isn’t reality.
Free Play Odds
Come as you are…shorts, sandals, beer in hand and a stack of chips
…and the best part is, it applies to online craps or land-based casinos!
Is Craps a Hard Game to Learn?
It might seem overwhelming and confusing at first. But let’s be honest that goes for anything when not well studied. With a bit of research, you’ll beat the house and be bumping elbows with the best of players. After all, it could be you as the next craps champion
Basic 'Must Knows'
Does the roll of the dice have any impact of the game? That is one controversial question with many players having their own theories. Watch each die long enough and decide for yourself!
Practice playing craps with my new and improved craps game.Read MoreRead Less
- 3-4-5X odds are allowed.
- To simplify the game, instead of offering both place and buy bets, I offer just one for each number. Each number pays the better odds between place and buy bets. I refer to these as 'buy bets.' They pay 7-6 on the 6 & 8, 7-5 on the 5 & 9, and 39-20 on the 4 & 10.
- Lay bets pay true odds, but player must prepay a 5% commission, based on the possible win. This works out to odds of 19-25 on the 6 & 8, 19-31 on the 5 & 9, and 19-41 on the 4 & 10.
- If the player selects 'keep bets working,' then all bets will be on for come out rolls. Otherwise, buy, hard ways, and odds on come bets will be turned off.
- If the player selects 'leave winnings bets up,' then only wins will be returned and the original wager will be re-bet. However, winning come and don't come bets are always returned. Winnings odds bets on come bets will remain up if there is a new come bet to associate them with. If the new come bet is less than the winning one, the amount of odds on the table will be the same multiple bet on the odds of the winning bet and the rest returned to the player.
- Bets may be taken down by shift-clicking.
- Put bets and taking down don't pass and don't come bets, that are already on a number, are not allowed.
To slow down the payment stage of the game, hold down the shift and control keys when you click 'roll'.
For fans of my buggy old version one, I still have it. However, I highly recommend playing this current version instead.
Best Real Money Online Craps Bonuses
Online Craps Bonuses
There are a bunch of craps bonuses out there, but not all of them are created equally. With our years of combined experience dealing with casinos, we have sought out to find the best craps bonuses, and have combined them together into the following table.
How To Play Free Odds In Craps
|Rank||Casino Name||Bonus||%||Wager||Cash||Code||Casino Name||Bonus info|
|1||Win A Day Casino||🧙||$68||-||FREE68LCBN|
|Win A Day Casino||Bonus||🧙$68|
|3||La Riviera Casino||€200||200%||120xB&D|
|La Riviera Casino||Bonus||€200|
|4||JacksPay Casino||€/$600+100 spins||300%||200xB&D|
|JacksPay Casino||Bonus||€/$600+100 spins|
|5||Jack21 Casino||€/$360+50 spins||120%||600xB&D|
|Jack21 Casino||Bonus||€/$360+50 spins|