What are Odds in Craps?
Odds in craps are bets that are placed against the shooter, or the person who is currently rolling the dice. The odds bet is a way to make a profit on a come-out roll that does not result in a natural (a 7 or 11). The odds bet is made after the come-out roll and is paid out at true odds, which means that the payout is the same as the probability of the outcome occurring.
How to Lay Odds in Craps
To lay odds in craps, 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 the come-out roll. If the shooter rolls a 7 or 11, you will win your pass line bet and your odds bet will be returned to you. If the shooter rolls any other number, your pass line bet will be lost, but your odds bet will be unaffected. Once you have made a pass line bet, you can lay odds by placing an additional bet behind your pass line bet. The amount of the odds bet must be equal to the amount of your pass line bet. For example, if you make a $10 pass line bet, you must also make a $10 odds bet. The odds bet will be paid out at true odds if the shooter rolls a 4, 5, 6, 8, 9, or 10 on the come-out roll. If the shooter rolls a 7, your odds bet will be lost.
Why Should You Lay Odds in Craps?
There are a few reasons why you should consider laying odds in craps. First, the odds bet is a low-risk bet. The house edge on the odds bet is only 1.41%, which is much lower than the house edge on other bets in craps. Second, the odds bet offers a high potential payout. The payout on the odds bet is the same as the probability of the outcome occurring, which means that you can win a lot of money if you are successful.
Tips for Laying Odds in Craps
Here are a few tips for laying odds in craps:
- Only lay odds when the shooter has a hot streak. This means that the shooter has been rolling a lot of 4s, 5s, 6s, 8s, 9s, or 10s.
- Don’t lay odds if the shooter is on a cold streak. This means that the shooter has been rolling a lot of 2s, 3s, or 12s.
- Don’t lay odds if the shooter is new to the game. New shooters are more likely to roll 7s, which will cost you your odds bet.
- Don’t lay odds if the table minimum is too high. The odds bet is a high-risk bet, so you should only make it if you can afford to lose.
Conclusion
Laying odds in craps is a low-risk, high-potential payout bet. If you are looking for a way to increase your chances of winning at craps, you should consider laying odds. Just remember to only lay odds when the shooter is on a hot streak and to only make the bet if you can afford to lose. Keywords: craps, odds, lay odds, come-out roll, natural, pass line bet, true odds
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