Free Odds in Craps | April 2024 Update

Free Odds in Craps: A Comprehensive Guide

What are Free Odds in Craps?

Free odds in craps are a bet that is placed on the outcome of a roll of the dice. The bet is made after the shooter has rolled a point, and it pays out at true odds. This means that the payout is equal to the probability of the dice landing on the specified number. For example, if you bet on 4 and the dice roll a 4, you will win 2 to 1. This is because the probability of rolling a 4 is 1 in 6. Free odds bets are the only bets in craps that are not subject to the house edge. This means that you can make a profit on these bets in the long run.

How to Make a Free Odds Bet

To make a free odds bet, you must first make a pass line bet. The pass line bet is a bet that the shooter will roll a 7 or 11 on their first roll, or a 2, 3, or 12 on their second roll. Once you have made a pass line bet, you can then make a free odds bet on any number from 4 to 10. The amount of your free odds bet must be equal to the amount of your pass line bet. For example, if you make a $10 pass line bet, you can also make a $10 free odds bet on 6. If the dice roll a 6, you will win $20 on your free odds bet.

The Benefits of Free Odds Bets

Free odds bets are a great way to increase your chances of winning at craps. The house edge on these bets is zero, so you can make a profit in the long run. Additionally, free odds bets can help you to hedge your bets. If you are worried about losing your pass line bet, you can make a free odds bet on the opposite number. This way, you will still win something if the shooter rolls a 7 or 11.

The Drawbacks of Free Odds Bets

The main drawback of free odds bets is that they can only be made after the shooter has rolled a point. This means that you may not have the opportunity to make a free odds bet if the shooter rolls a 7 or 11 on their first roll. Additionally, free odds bets can be expensive. If you are making a large pass line bet, you will also need to make a large free odds bet. This can increase your risk of losing money.

Conclusion

Free odds bets are a great way to increase your chances of winning at craps. However, it is important to understand the risks involved before making these bets. If you are unsure about whether or not free odds bets are right for you, you should consult with a qualified gambling professional.