The first, and probably most important, is how much money are you willing to risk? Obviously, the more you bet the more you can lose if you have bad luck, regardless of where the money is bet.
Secondly, consider the "tax" that you are going to play on your bets. The come bet costs 1. So, from a purely expected-loss point of view, the more money you bet on odds bets, the lower the expected loss. Third, what about volatility? Obviously, the more you bet the more volatility, but different bets have different degrees of variance, the flat part of the pass and come having the least variance standard deviation almost exactly equal to the bet amount , while place and buy bets have more and odds bets slightly more again.
Of course, volatility works both ways, so you can get hammered more, but really not much more than with place bets. Fourth, how much "action" do you want, not in terms of total money bet, but in terms of having lots of numbers covered, so you get more bets resolved.
It can be very frustrating to be on the pass line with 5X or 10X odds and have a shooter roll every point number except THE point, especially when you are the shooter, and you're making money for everybody at the table except yourself.
Of course, there's the opposite situation where you make your point, winning the flat and the odds, while the place bettors get nothing. They require maybe 4 hits before the seven in order to pocket a win for that shooter.
If you have the inside numbers covered, here are the probabilities of different numbers of hits, assuming winning bets are replaced: 0 hits. Another way to get more numbers covered is to make come bets, and you can also take odds on those bets for more "free variance". You can make a come bet on every non-comeout roll.
Then, you may have a come bet go to the six, you make another come bet and the six shows. You win the first one and still have the six covered, but not an additional number.
The number of come bets resolved was only 2. Of course, that means less money bet than placing all the inside numbers, and less expected loss, but also less "action". If you make come bets, then the question comes up of whether to "work" your odds on the passline comeout roll. It's revenue-neutral, of course, in terms of expectation, but if you want "action" and variance, then you get less of it if you don't have them working.
Of course, the dealers will love you. Many people overlook the comeout roll when comparing come bets to place bets. If you can't wait to get your money out there on lots of numbers, the place bets allow you to do that, but you pay for it in expected loss.
I decided I wanted to "root" for the seven on the pass comeout and against it when there was a point, period. So, how many come bets are too many? I would say, more than you can afford!
RSS Feed. In the manner you describe, you aren't playing the Don'ts throughout the game Preferably, I would like to play with you as my guidepost every single game, anxiously awaiting the announcement of the 7 and then pounce like the maddest man at the craps tables!! Jeffrey PS: Do you have this chilling effect with other numbers, like the 4 or 10 for example? Chilling is probably too strong a word, however, I have made many hop bets and won because I 'felt ' it coming.
Please understand I am not always right, however, right enough to follow up on 'the feeling'. Because playing the straight math without deviation we don't have a chance, I think it is a good idea to bring other things into your strategy, especially if they can save you money and they work on occasion. Plus it is fun.
I am confident what I am saying is not unique and many here have done the same thing. So I think that the consensus is that taking more odds is better in the long run. What is the optimal amount of Come bets assuming full odds taken on each one to have working at any given time? If my bankroll allows it, should I just keep putting out a new come bets after every roll and hope to get as much of the table covered as possible?
Or should I stop at 1 or 2 come bets assuming there is also a Pass Line bet? Seems like there's a fine line between giving myself as many opportunities to win as possible and leaving myself completely exposed when the 7 shows up.
I've seen people that usually like to get 2 or 3 numbers and then quit and wait for them to payoff before doing more. The pro with the come bet is that if a 7 or 11 is rolled, you get paid. The con is if a 2, 3, or 12 is rolled, you lose your bet. However, you can just place the numbers - doing that, you don't have to wait for the number to be rolled again like you do with a come bet.
The pro with placing the numbers is you get paid the first time that number is rolled. The other pro is that if you get a feeling like , you can take down your bets - where as the come bets are locked in and either pay off or you lose them. Of course, the con with placing the numbers is if a 7 is rolled right after you place them.
The Midnight Skulker, Feb 20, The Midnight Skulker Member. The Midnight Skulker , Feb 20, Lifeisacrapshoot, Feb 20, Lifeisacrapshoot Member. Hi "", I love the way you think, especially in regards to "ESP". I, too, believe in "sixth" sense. I have been told, for me, it is aka "feminine intuition".
I've done pretty well listening to my gut, literally. More times than not, I get a pit or slight stomach ache within 2 - 3 rolls before a 7 out. I've honed my skill enough to where other regulars at the table will sometimes see me calling off my bets and they will in turn do the same. Besides, if all is well with what I've won, then it's all good to just call off. If I was mistaken and miss out on a great roll, it's not the end of the world and I still can go home with more cash than what I started.
Tomorrow's another day. Lifeisacrapshoot Pam. Lifeisacrapshoot , Feb 20, The Midnight Skulker, Feb 21, The Midnight Skulker , Feb 21, Frank Scoblete, Feb 21, Frank Scoblete Member. Joined: Feb 20, Messages: Likes Received: 7. I like your site very much. It is very informative. Thanks for putting out your thoughts. I noticed a betting strategy for craps suggested at Crappers Delight called "classic regression".
In it he suggests, placing a 6 and 8, after a point is established. Then taking it down after one of them is hit. He said there are 10 combined ways to make the 6 and 8, but only 6 combined ways to make the 7.
It sounds logical, but I've seen where you are able to show, that what appears logical on the surface is not so bright once it is analyzed. What are your thoughts on this strategy and what would the true odds be, if you did take the bets down after one hit?
What is the house advantage on put bets with 20 times odds. Could you explain this to me? Thanks, Great site. Bry from Chesterton, Indiana. What is a put bet in craps? What is the better system, or which gives me the better chance to win on craps? I think getting passed the come out roll will increase my chances of winning.
For this being the first time it seems like a very easy game to win if you have patience, was it beginners luck? I just finished reading your section on strategy for craps with great interest. I understand that better the pass line and come bets with full odds is a good strategy. My question is "does the house edge change at all when playing a strategy of pass line with full odds and making a maximum of two come bets with maximum odds? Or should a person stick with just the single bet with full odds?
This seems to be a favorite strategy for most knowledgeable players I have met at the dice tables. I love to play craps and would like your opinion on a conventional method of play. Pass line and two come bets with full double odds or with one come bet? Does having three different bets working superior to two?
Richard from Binghampton, USA. I finally found a place where it is possible. But they changed the rules: 1. I wonder which effect it has on the house edge? Toter Man from Munich, Germany. What is the difference between making a come bet then taking the odds and a put bet?
They sound the same to me in your explanation of put bets. Since you recommend against put bets you also recommend against come bets followed by the odds or am I not understanding you correctly?
You wrote, "The double up feature is truly fair and has no house edge. This is one of the few times I say you can go either way and just do what you want. So, why promote taking odds at craps and not promote doubling up? Just as you can drop the house edge to essentially nothing at craps, you can do the same thing at video poker or blackjack My own reasoning is that cutting cards against the casino for fair stakes is just boring, but I'd be interested in your opinion.
Could you tell me what the house advantage is on these bets? I'm especially curious about the 5 or 9 since we are actually paying true odds for a place bet. John from Overland Park, Kansas. I have two friends that have a bet on which game craps or baccarat have the best odds for the player.
Could you help me settle this. They are both casino workers and are sure they are right. Michael, saw you on the travel channel from Vegas the other day giving your expert advice regarding house advantage. Good job.
He advised the odds are always working for that bet. Is he correct? It seems that you have already dodged the 7 and ll bullet, so the bet is now in your favor. Why would you dilute a bet that is already heavily in your favor with a large relative speaking bet at true odds? It seems that you are working in the houses favor by reducing the house edge on the entire bet.
Lets talk about PUT vs. With a come bet, you have make the , then wait till it hits again, cutting your hits in half. Wizard, great site. You are the one true expert on the internet. Because the odds in dice are based on the probability of winning as compared with the payout, I question whether it makes sense to take odds on bets that have a low a probability of winning.
For example, the odds on the 4 and 10 are 2 to 1. Is it really a good bet to back up the pass line when the 4 or 10 shows. If someone offered a payout of 10, to 1, with the odds of winning to 1 and you could only make one bet , it would appear to be a good bet, but the chances of winning are so slim that in reality it is probably a suckers bet.
Is there any validity to what I am saying? Hi Michael. Why is it better to make Come bets with odds than to make Place bets? My math indicates that you make more on a place bet when betting equal units.
The other advantage to place bets is that I get to choose which numbers I want to bet and that I win the first time that it is rolled. Am I missing something? Blake Haas from Thousand Oaks. I feel lucky and want to place a bet. Do I have to first make a pass line bet? Can I make a come bet? Can I make either bet with odds? Or, do I wait until the next round of play? I have searched and searched to no avail in finding some kind of link to his episode.
Thank you for your time. I understand the put bet is a good bet when the odds are 10x or more. My question is, why wait for the point? Why not bet on the passline, and then if the point is a 6 or 8, bet the full 10x odds?
How does this affect the house edge on this particular game? John B. My question is on craps. I know that the Fire Bet is a lousy bet, but I bet it anyway, when I am rolling. Well, I got lucky and hit my four points, and was on the fifth point.
If I wanted to hedge my bets, what is the largest win I could lock in? Also, what are your thoughts on this strategy.
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