What is a Free Odds Bet?
A free odds bet in craps is a bet that is made after the come-out roll. It is a bet on the shooter to roll a specific point number. The free odds bet is paid out at true odds, which means that the payout is the same as the probability of the bet winning. For example, if you bet $10 on the 4 and the shooter rolls a 4, you will win $10. This is because the probability of rolling a 4 is 1 in 5, and the payout for a 4 is 2 to 1.
How to Make a Free Odds Bet
To make a free odds bet, you must first make a pass line bet or a don’t pass line bet. Once the come-out roll is made, you can then make a free odds bet on the same number as your pass line bet or don’t pass line bet. The amount of your free odds bet must be equal to or greater than the amount of your pass line bet or don’t pass line bet. For example, if you make a $10 pass line bet, you can make a $10, $20, $30, or $40 free odds bet.
Benefits of Making a Free Odds Bet
There are several benefits to making a free odds bet in craps.
- The payout is the same as the probability of the bet winning. This means that you are getting the best possible odds on your bet.
- The house edge is very low. The house edge on a free odds bet is only 0.5%. This means that you are very likely to win your bet.
- You can make a free odds bet on any number. This gives you more flexibility in your betting strategy.
Risks of Making a Free Odds Bet
There are also some risks to making a free odds bet in craps.
- You can lose your entire bet if the shooter does not roll the point number. This is because the free odds bet is not made until after the come-out roll.
- You can only make a free odds bet on the pass line or don’t pass line bet. This means that you cannot make a free odds bet on any other type of bet, such as a place bet or a come bet.
Conclusion
Free odds bets are a great way to increase your chances of winning at craps. They have a low house edge and you can make them on any number. However, you should be aware of the risks involved before making a free odds bet. Here are some additional tips for making free odds bets:
- Only make a free odds bet if you are confident that the shooter will roll the point number. This will help you to minimize your losses.
- Make the largest free odds bet that you can afford. This will increase your potential winnings.
- Use a free odds calculator to help you determine the best bet to make. This will help you to maximize your profits. Free odds bets can be a great way to increase your winnings at craps. By following these tips, you can increase your chances of success.
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