The Pros and Cons of Craps Odds Bets

A craps dealer prepares stacks of casino chips

From casino films’ imagery of glitz and glamour to online casinos, craps has always been one of the most exhilarating and entertaining casino table games you can play. The craps table offers a world of fun and there is never a moment of silence as everyone tries to get their bets in. Think about it, do you ever get to deal the cards in blackjack or spin the wheel at the roulette table? The answer is no. However, in craps, you get to throw the dice! That adds a great element of fun and excitement to this casino game. Although craps is a game of chance, you can still play strategically with the diverse variety of bets available.

How to play craps

Man rolls and throws the dice during a game of craps, while people around the table watch

If you’ve never played craps before then don’t panic, this casino game can seem complicated at first, but you will get the hang of it very quickly. There’s a lot of action at the table to take in all at once, so let’s break it down a bit. When you play craps online and in-casino, you’ll need to place wagers on the outcome of the roll of the dice. Craps makes use of two six-sided dice which the player then throws. The player who throws the dice is called the “shooter’’. Craps played in-casino affords every player at the table a chance to roll, and the dice are passed counter-clockwise after each new round.

Here are the basic craps rules:

  • The shooter will select two dice to roll.
  • The shooter must make a Pass Line bet — either on the Pass or Don’t Pass Line (we’ll explain this later). The other players at the craps table will also place their bets.
  • The shooter will then roll the dice off the opposite wall of the table. The shooter’s first roll is called the come-out roll.

The come-out roll

  • If the come-out roll is a 7 or 11, then the Pass bet wins and the Don’t Pass bets lose.  This will end the round.
  • If the come-out roll is a 2, 3, or 12, known as “craps’’, the Pass Line loses and the Don’t Pass Line wins. This will also end the round.
  • If the come-out roll is a 4, 5, 6, 8, 9, or 10, that specific number becomes a point for the player. The dealer will place a puck on that specific number on the craps table. The shooter will continue to roll the dice until they roll that point number. If the point number is rolled, those who placed bets on the Pass Line win and those who placed bets on the Don’t Pass Line lose. If the shooter rolls a 7, Pass Line bets lose and Don’t Pass Line bets win.

Pass Line and Don’t Pass Line explained

NY Rangers players play craps in New York City

Pass Line: The Pass Line bet is the easiest bet to make in craps. Basically, you are betting that either a 7 or 11 will be the result of the come-out roll. If the shooter rolls a 7 or 11 during the come-out roll, your money will be doubled. However, if the shooter rolls a 4, 5, 6, 7, 8, 9, or 10, a point is established. When you bet the Pass Line you’ll want that point number to be rolled again, and if the shooter does hit the point number before rolling a 7, your Pass Line bet will be doubled. If a 2, 3, or 12 (craps) is the result of the come-out roll, you will lose your Pass Line bet. 

Don’t Pass Line: A Don’t Pass Line bet means that you are betting against the shooter. You’ll want the shooter to “crap” out (roll a 2, 3, or 12) on the come-out roll. If the shooter rolls a point number, the goal of the Don’t Pass bet is to see the shooter roll a 7 before hitting the point number.

What are odds bets?

Craps odds bets can be placed on the Pass Line and Don’t Pass Line. You’ll make your Pass Line or Don’t Pass Line wager as per normal, and then you can place extra chips behind it to represent odds.

You’ll have to wait for a point number to be established on the come-out roll before you can make any odds bets, this is because the odds bet will revolve around the outcome of the point number and not your original bet.

In craps, the payouts are equal to the true odds of winning, which means there is no house edge. 

What are the pros of odd bets?

Neon-lit craps sign in casino saying Shoot to Win! above it

Placing odds can have many benefits for players, including the following:

No house edge

Odds at the table represent the only time that the casino doesn’t have an advantage over you, because an odds bet doesn’t come with a house edge. The house edge is the mathematical advantage that a gambling game has over the player. You can calculate the long-term percentage return to the casino and the percentage loss of your bet. 

Do take note that your original bet still has a house edge. However, you can make a small Pass Line or Don’t Pass Line wager which is backed by larger odds.

Best opportunity to grab at a casino

The house edge varies with all casino games and will ultimately influence your decision on which game to play. With odds, you have the chance to play a casino game without factoring in whether you can afford the house edge. You can simply place odds on your regular bets.

Get more action at the table without forking out large sums of money

Placing odds bets at the craps table will give you an opportunity to get more action without putting your bankroll at risk. Depending on the online casino, you can wager 10x odds or more.

What are the cons of odds bets?

Close up of the hands of a craps dealer preparing stacks of casino chips

Craps odds bets sound ideal for winning big without a house edge. However, there are a few downsides to be aware of before you start playing craps online. 

You will need to risk more money

Craps odds can be expensive depending on your betting preferences. In a nutshell, you will have to risk a large stake to place these bets. Anything up to 5x odds or more will mean you’re taking a much bigger chance.

For example, 10x odds (betting 10x the amount of your original wager) will mean you stand just over a 50% chance of losing this money. 

Odds bets has the potential to accelerate your losses

When it comes to craps, chances are you don’t have any intention of betting and dashing — you’ll most likely spend quite some time at the table, and playing craps online will give you even more opportunities to play for longer. This is because the odds bets will force you to place larger wagers, as they require you to double your bets or more.

The house edge on the original bet will still impact your odds bet

You will need to place a bet on the Pass Line or Don’t Pass Line, in order to place an odds wager. The casino has a slight advantage on the Pass Line and Don’t Pass Line. So, although your odds are free from a house edge, you’ll still have a house edge on your initial bet.

Play craps at Borgata Online

If you’re looking to get more action without a significant amount of risk concerning the house edge, then craps is the game for you. At Borgata Online, we have a wide range of casino games for you to choose from – whether it’s slots, table games, or live casino games, we have it all! Register with us and start playing today!