Craps House Edge and Odds: How to Calculate Your Chances of Winning

Craps has been a favourite for generations. Bets are placed on the results of a single throw, or a sequence of tosses, in this exciting dice game. Craps is a game that's easy to get into, but mastering it certainly takes a bit of skill.

Here, we'll discuss the ultimate craps odds chart and how to figure out the best odds in craps to get ahead. We will also break down the house edge, a vital concept in any casino game, and analyse the craps payout table. This guide is perfect for Irish players looking to improve their craps game.

Understanding Craps Payout Odds in Ireland

To truly enjoy playing craps and boost your chances of winning at Irish online casinos, it's crucial to know the basic rules and develop a craps betting strategy that suits your playstyle and comfort level with risk. Craps odds and house edges can vary significantly depending on the bet you place. Remember, some bets might offer bigger payouts but come with lower probabilities of winning. Let's dive into the various bets and their payouts in craps:

Essential Craps Bets for Irish Players

You can make several fundamental bets in craps, including the Pass Line, Don't Pass, Come, and Don't Come bets. These typically have a low house edge, making them a popular choice for both newcomers and seasoned players across Ireland.

• Pass Line and Come bets: These are common craps bets where you're wagering on the shooter rolling a 7 or 11. You win if the shooter succeeds, and lose if a 2, 3, or 12 comes up. The odds of winning are 1:1, with a payout of 1:1.
• Don't Pass and Don't Come bets: These are effectively the opposite of Pass Line and Come bets. Here, you bet 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: Your Chance for Better Payouts

The Odds bet is a special wager that can be placed in addition to your Pass Line, Don't Pass, Come, and Don't Come bets. These bets are fantastic for Irish players as they carry absolutely no house edge, making them highly appealing for those looking to maximise their potential winnings. The payout for odds bets is dependent on the point number established:

• Point of 4 or 10: Payout of 2:1
• Point of 5 or 9: Payout of 3:2
• Point of 6 or 8: Payout of 6:5

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:

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.