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Craps tips and sytems Learn the odds on dice rolls and how to lay the best bets.
Learn to Play Craps - Tips and Strategies: Calculating the House Advantage
2008-12-18 02:12:48
Contrary to what you probably read in books and other Internet articles, craps is designed for the casino to win and the player to lose. Over time, the player always loses. The fact is, no matter what bets you combine and betting patterns you apply, you can't overcome the house advantage. No hedge-bet method (i.e., combination of bet types and bet amounts) will ever change the negative expectation to result in a player advantage. The best you can hope for is to minimize the house advantage and maximize your fun. The knowledgeable player knows he's supposed to lose, so he plays for fun and excitement. He hopes, but doesn't expect to win. The secret is to find the optimal mix of variables that allows you to walk away with something left in your pocket and be happy that you didn't lose it all. The secret allows you to play longer, lose less, and leave in a good mood. You might even leave a winner, making your gambling vacation even sweeter.
Let's take a basic look at how the casino gets its advantage over the player. When you understand the math and the fact that casinos pay less-than-true odds, you'll understand why you can't beat the casino over the long haul. The following simple comparison between two bet types demonstrates two fundamentals that the player must fully understand before putting money on the table. Let's look at the Place 6 bet and the Big 6 bet.
With these two bets, we bet the number 6 against the number 7. Knowing there are 36 possible two-dice combinations, let's assume we experience a "perfect distribution" where, in 36 rolls, the number 6 appears five times and the number 7 appears six times. When betting the 6 against the 7 over 36 rolls, we make a total of 11 bets (i.e., we win five times when the 6 appears and we lose six times when the 7 appears; therefore, 5 + 6 = 11). It's important to understand that the casino takes a set percentage out of every possible bet (except the free Odds bet). So, instead of true odds, they stick it to the player by paying casino odds, which are less-than-true. Given these basic assumptions, let's look closer at the Place 6 and the Big 6.
The Place 6: To get the full Place odds (i.e., casino odds of 7:6, which are less than the true odds of 6:5), assume we bet $6 on each of the 11 bets. (The 7:6 odds means for each $6 bet that we win, we win $7.) Therefore, our total bet investment is $66 (i.e., 11 bets x $6 per bet = $66). We win five bets when the 6 appears; therefore, we win $35 (i.e., 5 x $7 = $35). We lose six bets when the 7 appears; therefore, we lose $36 (6 x $6 = $36). By winning $35 and losing $36, our net loss is $1. We determine the house advantage by dividing our $1 net loss by our $66 total investment, which results in a 1.52% house advantage (i.e., 1 / 66 = 0.01515, which equals 1.52%). A 1.52% house advantage means we can expect to lose an average of about $0.15 for every $10 that we bet.
The Big 6: This is an even-money bet (i.e., casino odds of 1:1), which means if we bet $6 and win, we win $6. Like the Place 6, our total bet investment is $66 over a 36-roll perfect distribution (i.e., 11 x $6 = $66). We win five bets when the 6 appears; therefore, we win $30 (i.e., 5 x $6 = $30). We lose six bets when the 7 appears; therefore we lose $36 (i.e., 6 x $6 = $36). By winning $30 and losing $36, our net loss is $6. We determine the house advantage by dividing our $6 net loss by our $66 total investment, which results in a whopping 9.09% house advantage (i.e., 6 / 66 = 0.0909, which equals 9.09%). A 9.09% house advantage means we can expect to lose an average of about $0.90 for every $10 that we bet.
Although each bet is the same amount (i.e., $6), which do you think is the good bet and which do you think is the stupid bet in terms of the player? Yes, very good! See how easy this is? (Don't fear the math.) The $6 Place 6 is a much smarter bet, in terms of the player, than the Big 6. I don't know about you, but I'd rather lose an average of only $0.15 for every $10 bet than an average of $0.90 per $10 bet. Wouldn't you? This simple example clearly demonstrates two fundamentals the player must fully understand: 1) Over time, the player cannot conquer the house advantage and beat the casino, and 2) Certain bets are better than others in terms of the player because of their lower house advantage.
If the casino has a built-in house advantage that no one can beat over time, why do knowledgeable players bother playing? If we're all doomed to lose, why play? Two reasons: 1) The incredible fun and excitement we experience at a craps table, and 2) The phenomenon called "distribution variance." We rarely experience a perfect distribution in the relatively short time that we play because variance sneaks into the equation. Understanding variance and how to use it to your advantage is a prerequisite to learning the secret to craps. As my dad used to say, "Knowledge is money. And more knowledge is more money."
Now you know!
Bill Enslen is a reliability engineer who routinely works with statistics. Having played and analyzed the game for 25 years, he has compiled his winning secrets in a new eBook, which you can sample at http://www.learnthesecrettocraps.com/
William Enslen Jr
Previous Blogs:
2008-04-08 22:58:25
For any casino games, players definitely want to play with minimum risk and that is also true for the craps players. The craps system is one of the ways to obtain the minimum risk. When the players follow the craps system ha has the chance of getting a long and more enjoyable play no matter where he is playing the craps. The craps system will help you in both the online casinos as well as in the...
2008-04-03 02:47:30
Be smart, play smart, learn the right way to play craps!
Over your craps-playing life, you'll likely have more losing sessions than winners. Accept it. You must learn to play in reality, not fantasyland. Craps is designed for the player to lose.
Suppose, after two hours, the dice have whittled your chip stack down to $20. You haven't seen a hot roll in ages. Although losing is as much a...
2008-03-13 05:05:17
Ah, so you're interested in a craps system that can't lose? Well, there is no such system, but today I'll share with you a craps system that's pretty darn close. In fact, there's only one roll where you “could” lose. After that it's money in the bank.
Warning: If you like high-paced action and make you sweat types of wagers, this isn't for you. To make a system for playing craps...
2008-03-11 02:28:31
Betting in most casinos, traditional or online, means beating odds that are naturally in favour of the house. Whatever game you're playing, the odds are that you won't come out of it with enough profit to damage the casino and this is the only reason they are created, maintained, and are EXTREMELY profitable. For certain games there are methods of lowering the house favour enough to get a few...
2008-03-08 03:43:15
Pssst...! Wanna know a secret?
How about the secrets of the Threes and Elevens?
The 3's and 11's roll only twice in thirty six rolls, or once in eighteen rolls. The payoff for the 11 (or 3) is fifteen to one, which means that if you bet $5, and the 11/3 hits on the next roll, you’ll win $75.
Wanna know the secrets that craps pros use to profit from the threes and...
2008-03-08 03:33:27
Pssst...! Wanna know a secret?
How about the secrets of winning at electronic craps slot machines?
There are a lot of new slot machines in casinos, and a few might resemble a craps layout. These are especially popular in places where real craps is illegal - like in some Indian casinos. Technically these games are just slot machines, the casinos say, and not illegal dice games.
Wanna know how...
2008-03-08 03:31:16
If you want to win at craps you need to have a craps strategy that focuses on placing the bets with the greatest odds of success.
This is relatively simple, the house edge against you is relatively small when you apply a correct craps strategy to win.
Another advantage of playing craps is the excitement and entertainment value it gives you.
Let’s now look at how you can apply a craps...
2008-03-08 03:24:52
For its sheer excitement, and reliance on chance, Craps has been the professional gamblers choice for hundreds, even thousands of years.
It's fun, it’s exciting and you can win at craps if you follow the simple tips below.
Gambling with dice (throwing of lots) is as old as the Bible and even older perhaps with references of dice play for money from India, China, Mesopotamia, Egypt and...
2008-03-08 03:10:53
Craps, it's an exciting game. But it's easy to get carried away. Making poor betting decisions is the fast way to the poor house. Today, I'll present five rules of Craps play that must not be broken. Do so at your own peril.
Rule One: Big 6 and Big 8
Never, I mean never, bet on the Big 6 or Big 8. These sucker bets only pay even money. Every time you win, you actually lose. Let's imagine...
2008-03-08 01:54:11
If you want to win at craps you need to have a craps strategy that focuses on placing the bets with the greatest odds of success.
This is relatively simple, the house edge against you is relatively small when you apply a correct craps strategy to win.
Another advantage of playing craps is the excitement and entertainment value it gives you.
Let’s now look at how you can apply a craps...
2008-03-08 00:18:07
A craps system is needed to play the craps game if you want to be among the best casino gambling online or offline players. You need a game plan and knowledge about the odds. What more do you need?
If you're a craps player you probably enjoy playing the craps game with a minimum of risk. A craps system is a method of obtaining this. If you follow this system you will have a long...
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Typical House Edge
Roulette (EU) Single "0" Wheel
2.7%
Roulette (US) Double "0" "00" Wheel
5.2%
Blackjack
0.6%
Baccarat
1.23%
Craps
1.52%
Above is a rough guide only House edge can vary on different bets - and some systems will let you tip the Edge in your favour explore the site to find out more!!!
GLOSSARY OF TERMS
ANTE
-Forced bet placed by all players in poker before the cards are delt.
BANKROLL
-The total amount of gambling funds available to you.
CALL
- A Poker player matches the current bet on the table.
CHECK
-A player can check in order to stay in the game but not bet.
DOUBLE DOWN
-In blackjack, it is the players option to double their original bet in exchange for just one more card.
EVEN MONEY
- A bet that pays back the same amount wagered 1:1
FACE CARDS
-The jack, queen, and king cards - any suit.
HIT
-In blackjack, to take another card.
HOUSE EDGE
- The odds are slightly in the favour of the casino to ensure income for the casino.
KICKER
-An odd high card held that doesn't contribute to a straight or a flush.
MARKER
-An established line of credit between a player and casino.
PAY LINE
- The active line or lines on a slot.
POT
- The total amount bet during a poker hand the pot goes to the winner of the hand.
PROGRESSIVE
-A slot machine jackpot that get higher every game.
PUSH
-Drawn game / tied hand.
RAKE
- The amount of money casinos charge for each hand of poker.
SESSION
- Amount of time spent gambling at any game.
STEAL
-A win in poker won by bluffing.
TRIPS
- 3 cards of the same kind.
WILD CARD
-Card that can be used as another card to complete a hand - Normally a Joker.