Michael Shackleford, who is also known as the 'Wizard of Odds' and the author of 'Gambling 102,' gives a quick rundown on the best strategies for playing fou. The odds offered on Pass Line and Don't Pass bets are 3-4-5 times. This is identical to most Las Vegas Strip casinos. The maximum odds per point are: 4 and 10: 3 times; 5 and 9: 4 times; 6 and 8: 5 times; The maximum win on an odds bet from the Pass Line on any of these numbers is six times.
Craps is not very popular in Macau, but a few casios have a few tables. All the casinos seem to have the same payoffs. This includes the field paying 2 to 1 on 2 and 12, and wins of 15 to 1 and 30 to 1 on hop bets. Interestingly, the box man calls the game in English. Here are casinos in Macau that have craps, and the odds allowed.
Picture courtesy of seven-yo.com, the makers of the scoreboard above the table. Picture taken at the L'Arc casino.
- City of Dreams: I saw this myself in August, 2009. Player may bet 5X on the odds. They also offer a 'Double Trip Seven' bet, which has a house edge of 5.56%. See my companion site WizardOfOdds.com for more information on that bet, which is known as 7 Point 7 in the United States.
- Grand Waldo: A reader told me they have craps here. Odds multiple allowed is unknown.
- L'Arc: 10x odds.
- Lisboa: They had craps when I was in Macau in August, 2007. At the time they allows 2X on the odds. I forgot to verify it was still there when I returned in 2009.
- MGM Grand: I saw this myself in August, 2009. Player may bet 3X-5X on the odds (3X on points of 4 and 10, 4X on 5 and 9, and 5X on 6 and 8).
- Venetian: I saw this myself in August, 2009. Player may bet 3X-5X on the odds (3X on points of 4 and 10, 4X on 5 and 9, and 5X on 6 and 8).
- Wynn: I saw this myself in August, 2009. Sorry, I forgot the odds multiple allowed.
- Wizard of odds Craps Simulator. Discussion in 'General Craps Discussion' started by tabletop123, Nov 16, 2015.
- Answer 1 of 10: I keep reading about craps odds, and how if you bet the max odds, you're minimizing the house edge. But if you're already playing at a $10 minimum table, are you really prepared to lay out an additional $100 to take advantages of those.
For more information on craps, please visit my companion site, Wizard of Odds.
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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How to beat the casino. 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
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 Real gambling games online. , 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.
Wizard Of Odds Craps Game
On the next page, we'll talk about types of craps bets, their odds and what the casino pays for each.