Craps House Edge and Odds: How to Calculate Your Chances of Winning
Craps has been a casino favourite for generations. In this exciting dice game, bets are placed on the outcome of a single roll or a series of rolls. While craps is straightforward to learn, mastering it certainly takes some skill and strategy. Canadians looking to up their game will find this guide helpful.
On our site, we'll explore the ultimate craps odds chart and reveal how to find the best odds in craps to boost your winning potential. We'll also break down the house edge, a crucial concept in any casino game, and analyse the craps payout table, tailored for Canadian players.
Understanding Craps Payout Odds for Canadians
To truly enjoy playing craps and improve your odds of winning at Canadian online casinos, it's essential to get a grip on the basic rules and develop a craps betting strategy that aligns with your playing style and risk tolerance. Remember, craps odds and house edges differ across various bets. Some bets might promise bigger payouts but come with a lower probability of winning. Let's dive into the different bets and their payouts in craps:
Top Craps Bets for Canadians
Players can make several fundamental bets in craps, including the Pass Line, Don't Pass, Come, and Don't Come bets. These bets are generally favoured by both novice and seasoned players in Canada due to their relatively low house edge.
- Pass Line and Come bets: These are popular bets where you wager on the shooter rolling a 7 or 11. You win if the shooter succeeds and lose if a 2, 3, or 12 is rolled. The odds on winning are 1:1, and the payout reflects this.
- Don't Pass and Don't Come bets: Acting as the inverse of Pass Line and Come bets, these wagers involve betting against the shooter rolling a 7 or 11. You win if the shooter rolls a 2 or 3, and lose if a 7 or 11 appears. The odds and payout for these bets are also 1:1.
The 'Odds' Bet Advantage
You can place 'Odds' bets in addition to Pass Line, Don't Pass, Come, and Don't Come bets. These bets are particularly attractive for Canadian players as they carry no house edge, significantly increasing your potential winnings. The payout for Odds bets is determined by the established point number:
- Point is 4 or 10: a 2:1 payout
- Point is 5 or 9: a 3:2 payout
- Point is 6 or 8: a 6:5 payout
Place Bets
Place bets allow players to bet on a specific number being rolled before a 7. The payouts for place bets vary based on the number chosen:
- 4 or 10: 9:5 payout
- 5 or 9: 7:5 payout
- 6 or 8: 7:6 payout
Field, Big 6 or Big 8 Bet, and Any 7 Bets
Field bets, Big 6/8 bets, and Any 7 bets are additional betting options in craps with varying odds and payouts.
- Field bets: Players win if the next roll is a 2, 3, 4, 9, 10, 11, or 12. The payout is 1:1 for most numbers, with a 2:1 payout for 2 and 12.
- Big 6/8 bets: Players win if the shooter rolls a 6 or 8 before a 7. The payout is 1:1.
- Any 7 bets: Players win if the next roll is a 7. The payout is 4:1.
Craps House Edge
Each game features a house edge that must be considered for calculating the odds in craps. In the long term, online casino site is counting on keeping the house edge, which is a certain proportion of each bet.
If the house edge in a game is 1%, for instance, the casino can anticipate winning back, on average, 1% of every bet.
The house edge in craps changes with each type of bet. This is the proportion of the house edge and payout for some of the most popular craps bets:
| Bet Type | Payout | House Edge (%) |
|---|---|---|
| Pass Line Bet | 1:1 (even money) | 1.41 |
| Don't Pass Bet | 1:1 (even money) | 1.36 |
| Come Bet | 1:1 (even money) | 1.41 |
| Don't Come Bet | 1:1 (even money) | 1.36 |
| Odds Bet on 4/10 | 2:1 | 0 (No house edge) |
| Odds Bet on 5/9 | 3:2 | 0 (No house edge) |
| Odds Bet on 6/8 | 6:5 | 0 (No house edge) |
| Place Bet on 4/10 | 9:5 | 6.67 |
| Place Bet on 5/9 | 7:5 | 4.00 |
| Place Bet on 6/8 | 7:6 | 1.52 |
| Field Bet on 3,4,9,10,11 | 1:1 | 5.56 |
| Field Bet on 2,12 | 2:1 | 5.56 |
| Big 6 or Big 8 | 1:1 (even money) | 9.09 |
| Any 7 Bet | 4:1 | 16.67 |
Clearly, the house edge is smaller on some bets than others. The Pass Line, Don't Pass, Come Bet, and Don't Come odds all have a lower house edge than other possible bets.
The Any 7 Bet, the Big 6 or Big 8 Bet, and the Place Bet on 4 or 10 have the biggest house edge in the craps odds chat.
How to Calculate Payouts in Craps Online
Craps payouts are determined by the player's knowledge of both the house edge and the craps odds of winning of the bet they are placing. Here's a closer look:
Players bet $10 on the Pass Line, and the dice roll a 7. Since the chances of winning a Pass Line Bet on the come-out roll are 251/495, or 50.7%, players win $10 - even money.
Let's assume players are willing to risk $10 on the point of 6 with chances of -110. If players place a $5 Odds Bet on the point of 6, they will receive a $6 payout. The return on a $10 bet is $12.
The method used to determine winnings for other bets is similar. For any bet players place, they must consider not only the best craps odds of winning but also their potential return.
Conclusion
One of the most important aspects to play craps online successfully is becoming familiar with the craps odds. Players can improve their craps odds of winning by placing bets with a higher expected payout if they know the odds of winning and the payoff odds for each stake.
The best bets are the ones with the lowest house edge (the Pass Line Bet, the Don't Pass Bet, the Come Bet, and the Don't Come Bet). Any 7 Bets, Big 6 and Big 8 Bets, and Place Bets on 4 and 10 carry the largest house edges and should be avoided.
Players can reduce the risk and increase their chances of winning by learning the best odds for craps.
FAQ
What is the Pass Line Bet in Craps, and what are its odds of winning in Canadian casinos?
In craps, the Pass Line Bet is a fundamental wager. It wins if the shooter rolls a 7 or 11 on the come-out roll. If the shooter establishes a point (4, 5, 6, 8, 9, or 10), the Pass Line bet wins if that point is rolled again before a 7. The odds of winning a Pass Line bet are approximately 251/495, or about 50.7%.
What is the house edge in craps, and why is understanding it crucial for Canadian players?
The "house edge" in craps represents the percentage of each bet the casino expects to retain over time. Understanding the house edge is vital for Canadian players to make informed betting decisions. Opting for bets with a lower house edge increases your chances of long-term success.
What is an odds bet in craps, and how does it affect the house edge for Canadian gamblers?
An odds bet is a supplemental wager you can make in addition to the Pass Line, Don't Pass, Come, and Don't Come bets. It pays out at true odds, meaning there's no house edge. Placing an odds bet reduces the overall house edge on your Pass Line and Come bets, making it a strategically sound choice.
What is the Any 7 Bet in craps, and why is it considered a risky bet for Canadian players?
The "Any 7" bet is a wager that the next roll will be a 7. It offers a payout of 4 to 1, but the house edge is a substantial 16.67%. Due to the low odds of winning and the high house edge, this bet is considered high-risk. Casinos have a significant advantage on every "Any 7" bet placed.
What is the difference between a Place Bet and a Come Bet in craps, and which is better for Canadian players?
Place Bets are wagers on the numbers 4, 5, 6, 8, 9, or 10, and they win if that number is rolled before a 7. A Come Bet, similar to a Pass Line Bet, is placed after the come-out roll. It wins if the shooter rolls a 7 or 11, or if the point is rolled before a 7. Come Bets offer the same odds as Pass Line Bets.
