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List of Craps Bets
Here's a rundown of all the various bets in craps... (A) Pass LineThis is the basic bet that most players make, and it's actually one of the best bets on the layout, with a house edge of only 1.41%. If you want an easy game then you can simply stick to this bet and ignore all the other bets. (Though to get the best chances of winning, you should really learn the Free Odds bet too.)
(B) Field BetThis wager good for only the very next roll of the dice. The player wins even money if a 3, 4, 9, 10, or 11 is rolled. On most tables a 2 pays double and 12 pays triple. The player loses if a 5, 6, 7, or 8 is thrown. The house edge is a modest 2.77% -- there are better and worse bets. (C) Come BetA "virtual" Pass Line bet. It's just like the Pass Line but can be made at any time, even in the middle of a round when a point has already been established. (D) Place Bets:The Place Bet is basically an "on-demand Point". The player is betting that the Placed number will roll before a 7 rolls. This bet can be made at any time, but is usually made after a point number is already established. It's paid as follows:
A "Buy" bet is the same as the place bet, only with a different payoff. When you Buy a point you pay a 5% commission and are paid true odds if the bet wins (2:1 on the 4 and 10, 3:2 on the 5 and 9, and 6:5 on the 6 and 8). The house edge on Buy bets is 4.76%, making the Buy a better deal than the Place bet on the 4 or 10, and a worse deal on any other numbers. Some casinos take the 5% commission only on a win In such cases the house edge for Buying the 4 or 10 is only 1.67%. (E) Proposition Bets:These bets can be made on any roll of the dice.
The house edge on prop bets ranges between 11.1% and 16.67%. If your folly requires you to make prop bets then you should at least find a table layout with Downtown odds in order to reduce the ridiculous House advantage, though even then it's still throwing money away. (F) Free Odds on the Pass Line:After a point has been established, the player can increase a pass line bet by "taking odds". Free Odds bets are paid according to the TRUE ODDS of the dice, meaning that these bets carry NO HOUSE EDGE, which is why they're called "Free" Odds. This is the only bet in the casino where the odds aren't against you. For any given amount of money that you intend to bet on Craps, you want the highest percentage possible on the Free Odds. Herein lies the reason why you should shop for a casino that offers 5X, 10X, 20X or 100X table odds! The Free Odds bet is placed behind the pass line or original "Flat" bet. Each point number pays different odds.
We have a whole separate article dedicated to the Free Odds bet. (G) Free Odds on Come Bets:Odds on come bets can be made exactly the same way as odds on pass line bets, except that the player hands the Odds bet to the dealer who will place it on the number rolled and on TOP of the original Flat bet. Just like the regular Odds bet, the Odds on the Come Bet also carries no house edge. (H) Don't Pass Line:This bet is the same as a pass line bet only in reverse. If the first roll is 7 or 11, the player loses, 2 or 3 wins and 12 is a push or what is called a "Bar" (neither wins or loses). Most people bet the Pass instead of the Don't Pass, so if you bet the Don't you may be viewed as an enemy by the other players. The house edge is 1.36%. Don't Come Bet:Same as a Come bet only in reverse. Just as with the Don't Pass Line, dealer will place bet behind the Don't Come number as it is rolled. If a 7 is rolled before the number the player wins. This player is betting with that a point number will NOT roll before a 7 does. Hardways
These bets win if 4, 6, 8, or 10 are thrown in pairs as pictured on
the table layout. They lose when the number rolls "Easy" (not
in pairs or as pictured on the table layout) OR if a 7 rolls first.
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