Craps Odds and What You Need to Know
When playing craps online, you can use craps odds as a way of calculating the odds that you will have at winning any given bet. These odds are based on how certain cards are placed and if those cards have special properties or if they match up to certain symbols on the other side of the card. These odds can also tell you how certain hands will act and what odds you have for certain combinations. By using craps odds you can decide which bets will give you the best chance of winning and therefore increase your chances of winning.
Craps Odds Part 2: On our last article, we took the term “house edge” and used it to calculate the average craps odds of a single hand. However, in a live casino, that average isn’t the true odds. Rather, there is a balance between the expected value of each card and the value of each bet. House edge is simply the difference between the expected amount of money wagered and the actual payout of that bet. This means that it’s the difference between the amount that you should win and the amount that you actually end up with after you take your winnings. It’s important to note that a casino with a high house edge won’t have the lowest craps odds, just as a casino with a low house edge will have a much lower expected payout than a casino with a high house edge.
What does all this mean for us in terms of figuring out our craps odds? We need to learn more about how dice is rolled. If we already know that there is an unfair advantage with regards to rollovers, then we also need to understand the way in which we can beat that advantage. As it turns out, there is one very simple way to beat the house edge and that’s to get the lowest possible craps odds possible. The easiest way to achieve this is by selecting a casino game that doesn’t use a random number generator and instead uses a probability system.
If we were playing roulette, for example, then we’d want to find a roulette game with odd numbers on its wheels. This is because roulette, like craps, uses different numbers for its red and yellow spins. Each time these different numbers are rolled, they’ll be interpreted differently by the machine and thus, they’ll pay out in different numbers. This means that the exact same number (evenly distributed in numbers) will pay out two different numbers on each spin of the wheel. To the trained eye, it looks like there is an unfair advantage, but the random number generators use a completely different system.
When you’re looking at craps odds, you should also keep an eye out for the “pass line” bet, which essentially means that the house has an inherent advantage. A pass line bet occurs when the ball lands on or near a red or yellow wheel while the last spin of the wheel has not yet occurred. The odds on this bet are the lowest among all bets and the house makes their money off of the difference in the “rate” of occurrence between the first and last spins. Pass line bets always come at lower payouts than any other bet option so it’s important to keep this in mind.
Now all of us know that the true odds for any casino game are whatever the dice will roll. But many gamblers never think about the “what if” possibilities. Suppose, for example, that you have a very high hand and you use a single die. Most people who play craps will immediately fold because it’s simply not possible for them to make any money by matching the high hand. However, by studying the “what if” possibilities, we can use this knowledge against ourselves. You can roll the dice more times and find out what the true odds are for each possible outcome, thus enabling you to increase your initial investment and your profits.