Craps looks like one of the most complicated casino games in the house. The huge table with exotic markings and various types of bets tends to intimidate many people. Often, there is a huge crowd of people around the table and inexperienced players tend to stay away, instead of rushing into the game. Beginning players who are caught in the game tend to make costly mistakes, because many of the popular table bets have little chance and a huge advantage in the house. When they lose, they never want to play dice again because of a lack of understanding of the game.
Believe it or not, craps is the best game to play in terms of odds, if you know the stakes. The best bet and bet on the casino dice game is the free odds bet, which is actually known as the secret dice bet. The reason it is called that way is that the bet is not even marked on the table with all the exotic bets. Free odds are generally used in conjunction with the pass line or not with the pass line, which in itself is a great bet.
A typical “pass line” bet has a 1.41% house edge. The house advantage is the chance that the casino has against the players. The house advantage is the difference between the real odds, which are the mathematical odds, and the payout odds, which is what the casino pays pink casino. Ideally, a player wants to have payouts equal to the real odds, which means that no one has an advantage and wins as often as the casino. You can think of it as betting whether a coin tossed will fall on the coin.
The free bet with odds is practically the only bet in all casino games that pays real odds! This means that the house edge is zero percent. First you need to place a “pass line” or “do not pass” bet. The “no pass” bet has a 1.36% house advantage, which gives players a slightly better advantage than the “pass line” bet on craps. Both bets are related to a roll of seven.
Since craps is a craps game based on rolling a pair of dice, the odds show that the number 7 is rolled more often than any other number. The “pass line” bet wins when the dealer rolls a seven and loses in a craps game or 2, 3 and 12. A “no pass” bet wins in a 2, 3 roll and loses in 7 and ties in 7. a roll of 12. Any other number becomes the “point”.
Only after the “point” number has been established can a player place a free bet. Essentially, the player is betting that the same number will be rolled before 7. It is more likely that 7 will be rolled in this case, but the bet you are making on the free odds bet is completely mathematically fair, because the payout is based on real odds!
Normally, what happens during the free odds craps bet is that you can place an additional bet on any multiple of what you have bet on the “pass” or “not pass” line. Casinos generally allow multiples of three (3x) maximum bets for free odds. This means that you can place a bet three times as big as your “pass” or “don’t pass” bet. The strategy here is to place the maximum bet to reduce the house margin. Las Vegas casinos allow 10x, 20x and even 100x free bets!
Remember that the house still has a small advantage against you in the “pass” or “don’t pass” bet you originally made. When placing a maximum probability free bet, which has no advantage against you, your average odds increase against the house. The more money (or weight) is placed on the free odds, the more the house margin decreases on your initial bet.