It is very important to understand the odds and probabilities
of the game’s outcome when you shoot the dice. There are
36 different outcomes possible with each throw of the dice. Players
(especially new players) should never shoot the dice without prior
knowledge of the probabilities and odds involved with the game.
The most frequent throw is 7, this outcome covers 6 of the 36
possible outcomes. On the flip side of the coin, the rarest outcomes
are 2 and 12. These only give you 1 of the 36 outcomes each. The
odds of throwing a 7 or 11 are 6 and 2, respectively, making the
chance that you will throw “a natural” on the Come
Out Roll 8 out of 36. Now you might be asking, “what is
the risk of losing on the Come Out Roll?”. Well, since the
outcome of throwing a 2, 3 or 12 covers 4 out of 36 of the possible
outcomes, that means, the chance of losing is about half the chance
of winning. So far, we’ve covered about 1/3 of the possible
outcomes. The rest come from bets that are after the Come Out
Roll.
Those players who tend to be “Don’t Come” bettors
have a little bit better of a chance of winning than Pass Line
bettors. The house edge on a Pass Line Bet is 1.414% and the house
edge on a Don't Pass bet is only 1.402% - a little bit better
than the pass line bet, but not much .
In Craps you can add another bet to your original Pass Line Bet
or your Don't Pass Bet - such a bet is called the odds bet. A
odds bet is a bet where you add more money (usually double your
original wager) to your original wager if the original bet is
not won or lost on the come out roll. You are allowed to place
a odds bet once point has been established.
There is no real house edge on a odds bet. Let me explain. If,
for example, the point has been established as 5. The chances
of winning a pass line bet is 4 to 6, so there is a 4 out of 36
chance of rolling point (in this case, a 5) again. This is put
against a 6 out of 36 risk of rolling a 7. This means that if
you win such a bet you will be paid according to true odds. So,
an odds bet on the Pass Line bet will be paid 3 to 2 whether or
not you have made a similar Don’t Pass Bet, and the odds
of winning are on your side at 6 to 4. So a Don't Pass Odds bet
with 5 as the point only pay 2-3 ( true odds again ).
ODDS BETS PAY TRUE ODDS
Established Point Odds Bet Pay
4 or 10 2-1
5 or 9 3-2
6 or 8 6-5
