Craps odds and how to calculate craps odds are essential elements of the game that all players should be aware of. Craps odds are calculated by considering all the possible combiations that can be obtained when two dice are thrown. As with with all gambling games, one must understand the odds. Most craps tables on the Las Vegas Strip offer 3/4/5 times odds. This means that a player can wager three times the flat bet on a 4 and 10, four times on a five and 9, and five times on a six and eight. The maximum win with odds on any of these numbers equals six times the flat bet. Let’ssee what the Free Odds bet is, and why the Boneman is so insistent that you favorit over most of the other bets. To understand why the Free Odds bet is so important you first have to understandthe house edge. The house edge is the casino’s average profit on any bet.In craps, the house edge on the Pass Line bet is 1.41%.

The Odds: Numbers

Lay Bets are the opposite of the Buy Bets, except Lay Bets are wagering against the shooter. Like a buy bet, a Lay Bet allows a gambler to be paid true odds. To receive those nice votes, the craps player pays a 5% commission on their winning bets. Lay bets are made on one of the “point” numbers: 4,5,6,8,9, and 10.

Since craps is a game of chance, you need to understand why you have a greater or lesser chance of rolling different numbers. Because you're rolling two dice, your chances of rolling a specific number in craps are determined by the number of die combinations that can add up to that number. For example, 2 can only be rolled with two 1s, but 4 can be rolled with either a 1 and a 3 or two 2s. That means you have twice the chance of rolling a 3 as you do a 2. Because the 7 has the greatest number of combinations (six), it is the number that has the potential to come up most often, which is why 7 is the magic number in craps.

There are 36 possible number combinations in craps. Here is a chart showing the possible combinations for each number using two die.

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From the chart, you can see that the most likely number you'll roll is a 7, followed by the 6 and the 8, then 5 and 9, then 4 and 10, then 3 and 11, and finally (and least likely) the 2 and the 12. This means you'll roll a 7 once out of every six rolls, a 6 or an 8 once out of every 7 to 8 rolls, and so on.

Odds for Each Number

Craps Bet Odds Calculator Cheat

By looking at the possible combinations, the 'true odds' for each number can be established. Knowing the odds in craps is good so you have a feel for the likelihood of one number being rolled before another one (e.g., is the 4 going to be rolled before the 7?).

House Edge

Now, true odds are not what the casino pays you unless you're also betting 'free odds' on top of your main bet. Free odds, which is an additional wager you place with your original line bet, pay true odds so the casino's edge is reduced. (We'll talk more about free odds in Strategies the Winners Use.)

To better explain how the casino edge works, let's take the example of flipping a coin. You have a 50/50 chance of the coin landing on heads, and a 50/50 chance of it landing on tails. If that were a bet on which you were being paid true odds, you would be paid even money. The casino, however, has to have an edge in order to make a profit on the game. So, the payoff for any given bet is less than what true mathematical odds would dictate. For example, on a bet that had true odds of 1:1, you would think that if you bet $1 and win, you would be paid $1 in winnings. But in a casino, depending on the bet, you might only be paid $.96. The difference between the true odds and what they pay you is how they make money -- it's called casino odds.

Another way to better understand casino odds versus true odds is to look at the definition of the casino (or house) edge. WizardOfOdds.com defines it as, 'The ratio of the average loss to the initial bet,' going on to explain that it's based on the original wager rather than the average wager so that players can have an idea of how much they are going to lose when they place a bet. For example, by knowing that the casino has a 1.41 percent edge in craps, you can know that you'll be losing 14.1 cents for every $10 bet.

For charts of odds for all types of bets, visit the Wizard of Odds.com.

On the next page, we'll talk about types of craps bets, their odds and what the casino pays for each.

Craps is found in all Las Vegas casinos that have more than a handful of table games. The rules are generally the same from one casino to another except for the odds permitted online bets and whether the Field pays double or triple on 12.

Las Vegas Craps Minimum Bets

Las Vegas craps minimum bets range from $1 to $50. Here is a list of all Las Vegas casinos that spread craps with its minimum bet. These minimum bets were recorded on weekdays. Higher minimum bets may be found during peak hours.

Las Vegas Craps Odds

Craps Bet Odds Calculator Win

Most craps tables on the Las Vegas Strip offer 3/4/5 times odds. This means that a player can wager three times the flat bet on a 4 and 10, four times on a five and 9, and five times on a six and eight. The maximum win with odds on any of these numbers equals six times the flat bet. A notable exception is The Cromwell, where players may take odds for up to 100 times the original wager.

Craps Bet Odds Calculator 2019

Downtown Las Vegas and the locals market tend to spread 10 times odds. There are some exceptions. Below is a list of each odds grouping with the amount permitted by each house.

Craps Bet Odds Calculator Results

There are also alternatives to playing Craps for real money if you are not in Las Vegas. Check out our live casino page to find out more about playing craps online.

Complete Las Vegas Craps Survey 2019