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Odds Bets
These are excellent wagers for the player. Because there is no advantage for the casino the player can reduce the casinos small advantage almost in half. By playing odds bets you run the risk of losing faster, but you also increase you winnings.
Pass Line Odds Bets / Come Bet Odds Bet – The odds of throwing the Point or the Seven remain the same, but the payoff increases if you are successful. Assume you have made a $10 Pass Line bet and the shooter throws establishing the Point. If you back up your original wager with another $10 Pass Line odds bet on the Point and are successful your payoff will be $22 to $30 (depending on the Point). This is more than the even money payoff you would have received if you had just made the Pass Line bet however, you have wagered $20 instead of $10.
Don't Pass Odds Bets / Don't Come Odds Bet – These bets are used to increase your winnings when betting against the player. There is a greater likelihood of the shooter throwing a Seven than the Point so the payoff is not as great. Assume you have made a $10 Don't Pass wager and the shooter throws and establishes a Point. If you back up the Don't Pass bet with a Don't Pass odds bet of $6 (multiples of $6 are used to ensure proper payoffs) and a Seven is rolled you collect $13 to $15, depending on the Point.
Place Bets – These bets payoff less than the other bets described so far, but not a lot less.
The odds of throwing a 7 are constant at 6 in 36 or 16.7%
The odds of throwing a 4 or 10 are 3 in 36 or 8.3% vs. 16.7% for a 7 the payoff is 9 to 5
The odds of throwing a 5 or 9 are 4 in 36 or 11.1% vs. 16.7% for a 7 the payoff is 7 to 5
The odds of throwing a 6 or 8 are 5 in 36 or 13.9% vs. 16.7% for a 7 the payoff is 7 to 6
You are most likely to win with a bet on 6 or 8, this makes 6 and 8 the best numbers to Place, but the payoff is less. If the shooter is hot and you feel lucky then play a different number, the odds are not that bad.
The rest of the bets in Craps are not as advantageous for the player as those described above, but still have a following among some players.
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