To help you in your quest to fully understand the game of Craps we have compiled the definitive guide below which lists all the available Craps bets that you will come across when you play Craps either at an Online Casino or at a land based casino.
Pass Line Bets - These bets are the most common types of wagers placed on the Craps Table, much like in Roulette where you can place even money paying wagers on either Red or Black, Odds or Even etc these Pass Line Bets all payout at even money when successful.
They also offer the smallest house edge type wagers and hence many players stick to placing these kinds of bets. In fact the house edge on these betting opportunities is just 1.41%.
Field Bets - You can place this kind of Craps bet at any time of the game and you get a payout of even money if you have placed this wager and any of the following numbers are rolled in:
3, 4, 9, 10, or 11 is rolled.
A double payout is often offered when a 2 is rolled in on this kind of wager and get a 12 rolling in when this Field Bet is placed then your payout is often tripled.
The Field Bets house edge is similar to Roulette in as much as it it a small 2.77%.
Come Bets - This is another wager you can place when playing Craps and you can place it at all times, however most players tend to place it once a game has commenced and often when a point has been made.
Place Bets - Another popular wager and one in which a player is hoping the numbers chosen will appear before a 7 appears on any roll of the dice.
The types of Place Bets along with the payouts and the standard house edge on these wagers are as follows, and as you will see there are several diverse ranges of payouts and house edges attached to each one so if you do indeed wish to place a Place Bet be careful when selecting which one you wish to make.
A 4 or 10 generally returns a payout of 9 to 5 with the house edge being rather large at 6.7%.
The 5 or 9 Place Bets returns odds when successful of 7 to 5 with a house edge of 4%.
Another Place Bet available is for the
6 or 8 to be rolled in and this wager returns a payout worth 7 to 6 with the house edge on this bet being 1.5%
Included in the Place Bets are what are known as the Buy Bet which are similar to Place Bets however they offer different payouts due to a 5% commission which you need to pay.
Buy Bets have a commission attached to them as the payouts are the exact odds of any of those events happening, for example a payout of 2 to 1 is paid on the 4 and 10 number bets, a payout of 3 to 2 is offered on the 5 and 9 bets and you will receive a payout worth 6 to 5 on the 6 and 8 bets.
Once the house edge has been paid the house edge on these Buy Bets works out at 4.76%. It is worth pointing out that several casinos only make you pay the commission on winning bets this this reduces the house edge accordingly!
Proposition Bets - Should you be wondering when you can place these kings of Craps bets you will be interested to learn they can be made at any time of the game.
There are several of these Proposition bets available and to help you get your head around them we have listed them below along with the returns you can expect should your wager be a winning one.
Any Craps - Betting on 2, 3, or 12 returns a payout of 8 for 1
Any Seven - this often returns a payout of 5 for 1
An Eleven - will give you a payout worth 16 for 1
A Twelve - Will see you getting a payout worth 31 for 1
There are different odds returned at different casinos for these Proposition Bets so do some shopping around as they can and do vary from casino to casino, they are not the best bets to place by a longshot as they come with house edges as large as 11.1% to 16.67%.
Free Odds on the Pass Line Bets - Once the Craps game has got underway and the point has been established then you can up your Pass Line bets by what is known as Taking Odds.
These Free Odds wagers will give you a set of true odds type betting opportunities and being true odds it means the house edge is negligible hence them being called Free Odds!
To place these Free Odds wagers you place them behind the Pass Line and below we have listed the odds attached to each possible number rolling in.
For all 4's and 10's you are paid out at odds of 2 to 1. For all
5's and 9's you receive 3 to 2. If a
6 or 8 rolls in the payout is worth 6 to 5.
Free Odds on Come Bets - These bets are placed in the same way however you need to physically give you bet to the dealer who then places it onto the Craps Table for you.
Once again these types of wagers offer zero house edge and as such as well worth making.
Don't Pass Line Bets -
If you have understood the Pass Line bet then this wager is the opposite of it hence it being called the Don't Pass Line Bet!
When you place this kind of Craps Bet should a 7 or 11 be rolled in then you wager has lost, however should a 2 or 3 roll in then your wager is a winning one.
Should the total of the dice be a 12 then the game is tied and the result is a simple push. The house edge on this kind of wager is a realistic 1.36%.
Don't Come Bets - As the name suggests this Craps bet is the opposite of the
Come bet only in reverse. Once again it is the dealer who places this wager for you on the Don't Come number when it rolls in.
This wager therefore pays a winning payout when a 7 is rolled before the number as the player is wagering that a point number will not roll in before a 7 appears.
Hardways Bets -
These are very simple to make, understand and place and they will win should a 4, 6, 8, or 10 are be rolled in as pairs.
These Hardway Bets lose when they roll in by what is known as an easy way basically not in pairs, or if a 7 rolls in before they do.