Winning Craps Strategy

I read this in a strategy book that was published in the '70s and was wondering if this system still works. Will casinos allow you to play this way, and does this system really work as well as the author claimed? He said it was a sure way to always win in a casino and was one of craps' best-kept secrets. Craps strategies come in a variety of forms, each with their own objective. Some strategies focus on managing your bank roll, others intend to secure long-term profits, while others revolve around strategic betting and cutting out certain bet types altogether.

Have you come here to find an answer to the eternal question how to make a killing at a casino? I don’t want to disappoint you, but there is no definite answer to this question. Nobody has and won’t be able to reach such level of skill which could influence on the outcome of rolling a pair of dice during a craps game. The best strategy is managing your bets.

• Like with other casino games, set a loss limit for yourself and decide when to walk away with winnings. If you can’t afford to lose more than $300, you should decide beforehand that $300 will be your absolute limit for losing and then you must stick to that limit. In the horrid event that you lose your $300 bankroll, you should stop playing, as opposed to wagering more.
• It might be a good idea to split your bankroll: If $300 is your loss limit, divide it in half, putting $150 in different pockets. If with the first $150 you win any sum that puts you more than $80 above your starting $150, put $150 back in your pocket and play with your winnings. Try to play exclusively with your winnings, and smart betting can help you achieve it. If, in spite of everything, Lady Luck is not with you, and you lose first $150 bankroll and then a second $150 without a significant win, quit for the night!
• Keeping calm while playing craps is very important. Since all players are betting against the casino, groups of players can get quite noisy when they win or lose together. It is nice to join with enthusiastic displays, however, do not allow you to do so because this will distract you from sensible management of your bankroll and informed betting.
• Try to bet on 1) Pass Line bets backed by free odds 2) Come Bets backed by free odds and 3) Place Bets on 6 or 8. You know there is a wide variety of bets offered on a craps table, but only a few have a reasonable house edge. Dealers and Stick men have been trained to encourage you to make other, less favourable bets; pay them no mind. Betting in craps is rather complex so you should get experience making the basic and more likely bets before risking any of the more unlikely ones. Furthermore, although advanced craps strategy involves multiple simultaneous bets which can earn players more profit in the game, beginners are advised to gradually increase the complexity of their craps betting. This way you can master the skills of craps betting step by step.

Guide to Getting the Most out of Playing Craps

We can’t guarantee you will win every session with these tips, but according to anecdotal reports these tips increase your chances of winning. Your mileage may vary. Good luck and may Lady Luck shine down upon you.

1. Dice control. Watch for shooters who don’t shake the dice before each roll, and who roll the same way each time. They have better control over the dice than random throwers. When you find one of those shooters, play at his/her table, and bet with the shooter, if he/she is winning.
2. Hit and run. If you understand the advanced wagers and you want to win big and quickly, bet the long odds. Be prepared to lose quickly, as well. Cut and run when you have made your killing. Without the discipline to walk away a winner, it is assured that you won’t walk away a winner.
3. Go with the streak – Bet more when you are hot, less when you are not.
4. Keep your eye on the player with the most chips. This is so obvious that you might not think of it. Emulate the table winner. There’s no law against being a copycat, and imitation is the highest form of flattery. You can bet smaller amounts than the high roller. Remember the saying, ‘Follow the money!’
5. Assess the situation. Before plunking your money down at any old craps table, take the time to assess the table, the players and the current shooter.
6. Don’t make Proposition bets. Leave them to others unless you like to play the worst odds at craps, let those who fall for the dealer’s hoopla play the Proposition bets.
7. Avoid table minimums over your head. Find a table minimum that is within your budget.
8. Pay no attention to the dealer’s appeals. When the dealer induces to make the high house advantage bets, ignore this appeal, and place your money on Odds bets instead.
9. Back up your Pass/Don’t Pass and Come/Don’t Come bets with Odds bets. If you are not willing to bet the Odds bets, search for a lower-minimum table or another game to play. Always back up the basic bets with Odds bets to decrease the house edge to a bare minimum and maximize your chances of winning.
10. If they lay, they play. If you don’t collect your winnings when the dealer places them in front of you, you’ll wind up parlaying your winnings into the next roll whether you want to or not.

Bonus Money Guide for Craps

The ability to manage your money is very important when playing craps. Everyone is eager to leave the casino a big winner, however, more likely than not, you will go home with a slight loss. The casinos might go broke if everyone left casino with a win. That’s why the casino always has an advantage over the player. Fortunately, craps has the best possible house edge if you place the Pass/Don’t Pass, Come/Don’t Come bets and the Odds bets.

But that’s not all there is to winning. If you want to win, you must be disciplined and have a proper mental attitude. If you can make good use of your bets by placing the Odds bets, manage your money and keep your head in the orchestrated chaos we call craps, you will surely have a great time and get the highest chances to walk away with some extra money.

Money Management Made Simple

There are lots of money management schemes around, but not all of them successful. Try to find the one that will work for you, and stick to it. You can use several in combination as well. Do whatever that can bring your losses to nothing or leave the casino with some of the money won during a game of craps. Try to be strict with yourself. You’ve declared war to the casino gods whose only goal is to take away your money.

When playing craps you can make and lose fortunes in a flash. In the event that you have managed to somehow win big money (not something you sometimes pull off when you play at a casino); get the heck out of Dodge. Don’t stay a minute longer. Just get out of there. Run; don’t walk, as fast as you can, and don’t look back.

Establish your bankroll, and abide by it. When your bankroll runs out, you should go away. You should never bet with money that you can’t afford to lose.

If you are on a winning streak, try to put away at least half your winnings, and play only with your original bankroll. Once the original bankroll is gone, you still go away with some money. You can also use this strategy in reverse: put your original bankroll away and only play with your winnings.

Divide your bankroll by 50, and you can probably have a good time for hours. For example, if you have $100, wager no more than $2 per round.

Money Stretching Strategy

Assume you start with a stake of $100, and you want to play as long as you can.

1. Divide the $100 into two stacks worth of $50 each.
2. Play with only one stack, and try to play at a table with a $2 minimum.
3. If you win $50, take the $100 off the table and cash in the chips. Put the $100 away somewhere.
4. If you lose, only play with the $50 until it runs out. Leave the table and cash in your chips. You can’t play without chips. Save the remaining $50 until after you have taken a break.

If you go away with some money in your pocket, you will be in a good mood realizing you have had a good time at the craps table.

Play with Your Head Screwed on Right

Craps is a vivid and fast-paced game that wants concentration and fast reflections amidst the chaos. Play craps only when you feel you are up to the task. Your energy level probably affects your play, and your play will surely affect your mental attitude. Make sure you are on firm ground when you are going to sit down at the craps table. If you aren’t, consider another less vivid game or go to some other place to have fun until you are up to the craziness that is the favourite of the impetuous crowd – craps!

I’ve never read a blog post or an article about the game of craps or craps strategy that didn’t mention how exciting the game is.

Okay. Now that we have that out of the way.

The purpose of this post is to introduce you to the 10 most fundamental concepts in craps strategy. This is not a get rich quick scheme. I don’t have any systems to sell you.

My only interest is in helping you save money at the gambling tables and have fun while you’re doing it.

The truth is that craps is a negative expectation game. If you play long enough, you’ll eventually go broke.

But you can get more entertainment for your money if you understand some of the basics of craps strategy.

1- Start Your Craps Career by Sticking with the Most Easily Understood Bets on the Table

The basic bets in craps are the pass and don’t pass bets. These are bets on whether the shooter “succeeds” or not. These are also the best bets on the table. The house edge for each of those bets is, respectively, 1.41% and 1.36%.

Both those bets pay even money, which make them marginally less exciting than some of the other bets. But the payout isn’t what’s important for each bet. It’s the house edge.

That’s a mathematical estimate of how much of each bet you expect to lose on average over the long run. It’s always expressed as a percentage.

If you bet $100 on every roll of the dice and place the pass bet every time, the casino expects your losses to average $1.41 for every bet you place.

This is exceptionally low compared to most bets at most other casino games. In fact, it’s significantly better than most of the other bets at the craps table.

At an average craps table, you’ll see about 100 rolls of the dice per hour. If you lose $1.41 on average for each of them, you’ll see an hourly loss average out to $141.

That sounds awful until you compare it to other games like slot machines, which usually have a house edge of 7% or more, or roulette, which has a house edge of 5.26%.

Most of the time I recommend taking the bet with the lowest house edge, but in craps, I think it’s so much more fun to root for the shooter that it’s worth the 0.05% difference in house edge.

2- Continue Your Craps Career by Placing One of Only 2 Bets in the Casino with a House Edge of 0%

A bet with a house edge of 0% is a bet that will break even in the long run. I only know of 2 bets in the casino with a house edge of 0%:

• 1. The double up bet in video poker
• 2. The odds bet in craps

When you’ve made a pass or don’t pass bet in craps, you can place a 2^nd bet if and when the shooter sets a point. You win this 2^nd bet if the shooter succeeds if you placed a pass bet, and you win it if the shooter fails if you placed a don’t pass bet.

The tricky thing about the odds bet is that it isn’t labeled on the craps table. You place the bet by putting the additional chips behind your initial pass or don’t pass bet.

Since this bet has no house edge, it’s an opportunity to get more money into action without any real long-term risk.

Some writers combine the 2 bets together for purposes of illustrating the total house edge on the 2 bets combined. I don’t see much point in doing that.

I can tell you, though, that the best strategy decision you can make in craps is to take the biggest odds bet that you can, every time it’s available.

The odds bet is part of what causes the crazy streaks of luck in the game, but that’s also part of the charm of craps.

3- Stay Far Away from the Bets in the Center of the Table

Not every bet at the craps table offers good odds. In fact, most of the bets offer lousy odds. I mentioned earlier that you can measure how good a bet on a casino game is by how low the house edge is.

Let’s take a look at the house edge for some of the bets in the middle of the craps table:

The “any 7” bet pays off 4 to 1 if the shooter rolls any total of 7 on the next roll. The odds of winning that bet, though, are 5 to 1. The difference is the house edge.

• Assume you bet $100 on any 7 for 36 rolls. And also assume that you have a perfect distribution for those rolls.
• You’ll win that bet 6 times, but you’ll lose 30 times.
• With a 4 to 1 payout, you’ll win $400 X 6, or $2400.
• But you’ll have lost $100 X $30, or $3000.
• Your net loss is $600.
• Since you placed 36 bets, you can average the amount lost into the number of bets to get your average loss per bet. In this case, it’s $16.67, which is 16.67% of $100.

And that’s just one example.

The house edge on the various bets in the center of the craps table range from 2.78% to 16.67%. None of them are good bets.

Just stick with the pass and don’t pass bets. Skip all the sucker bets in the middle of the table.

4- Steer Clear of Betting Systems Where You Increase and Decrease the Size of Your Bet Based on Previous Outcomes

You’ll sometimes see craps “experts” suggesting that you use some variation of the Martingale System for craps. The Martingale is a betting system used with even money bets at table games. You double the size of your bet after each loss until you win.

SEEMS fool-proof. But it’s not.

Here’s an example of how it might work at the craps table:
You bet $5 (the minimum in this casino) on the pass line bet, and you lose. On your next bet, you bet $10. If you win this time, you’ll recoup your $5 loss on the previous bet and have a $5 profit to show for it.

But if you lose again, you double the size of your last bet again, this time, from $10 to $20. This recoups the $5 you lost and the $10 you lost, and you have a $5 profit.

You can continue this progression as long as your money holds out and as long as your bet stays beneath the table max.

The problem with the Martingale System is that doubling the size of your bets increases your bet size far faster than you’d expect. You might think it’s hard to lose the same bet 8 or 9 times in a row, but it happens more often than you think.

When it does, you see a devastating loss. In fact, that loss will be so devastating that you’ll lose all those tiny profits you made previously.

Here’s what 8 bets in a row look like if you start with $5:

• 1. $5
• 2. $10
• 3. $20
• 4. $40
• 5. $80
• 6. $160
• 7. $320
• 8. $640

A lot of craps tables with a $5 minimum have a $500 maximum bet. If you lose 7 times in a row, you break the system and can’t continue.

Also, if you lose 7 times in a row, you’ll have lost $635 already. To place a $640 bet at this point means you’ll have put $1275 in action over the course of 8 bets.

And if you win that final bet?

You’re only up $5 for the entire session.

Betting systems like the Martingale have no way of overcoming the house edge. They seem like a good idea in the short run, but in the long run, you’ll lose just as much money (or more) using this kind of betting system as you would if you just randomly varied the size of your bets.

5- Don’t Try to Hedge Your Bets Either

Simple Winning Craps Strategy

You’re hedging your bets when you place a bet intended to offset the losses from another bet.

An example might make it easier to understand:
You place a $10 bet on the pass line. You simultaneously bet $2 on the “any craps” bet. (The any craps bet wins if the shooter rolls a 2, 3, or 12.)

It’s impossible to lose with this bet. If the shooter rolls a 7 or an 11 on the come out roll, you win $10. Sure, you’ll lose the $2 any craps bet, but you’ll have a net win of $8.

If the shooter rolls a 2, 3 or 12 on the come out roll, you win $14 (7 to 1). Sure, you’ll have lost the $10 pass line bet, but you’ll have a net win of $4.

This seems like a no-brainer strategy. The problem is that it doesn’t account for when the shooter rolls a point.

How often does this happen?

• You have 36 possible outcomes in a come out roll.
• 4 of those possible outcomes are any craps. (1,1; 1,2; 2,1; 6,6).
• 8 of those possible outcomes win the pass line bet (1,6; 2,5; 3,4; 4,3; 5,2; 6,1; 5,6; 6,5).
• That’s 12 possible outcomes where you’re guaranteed a profit.
• But on the other 24 outcomes (2 out of 3 times), the shooter will set a point. In each of those cases, the “any craps” bet loses right out of the gate. You still face the house edge when the shooter tries to roll the point.

The hedge bet doesn’t change your odds of winning. It only looks that way.

Almost all craps betting systems involve raising and lowering your bets based on when you’re winning or losing. But they also often involve systems for hedging your bets.

Don’t bother unless you think it sounds like a fun way to place bets. Even then, the house edge on the any craps bet is higher than you should be willing to pay.

6- Play Craps for the Lowest Stakes that Remain Interesting for You

You can calculate how much an hour of gambling at a given game will cost (on average) by multiplying the house edge by the number of bets per hour. You multiply that by the average size of your bet to get your expected hourly loss.

In the short run, this number is meaningless. It’s just a long-term expectation, and your results will vary from that mathematical expectation. But the longer you play, the closer you’ll eventually come to seeing the mathematical expectation become a reality.

This means that in the long run, you’ll lose twice as much money betting $10 per roll as you would if you were betting $5 per roll. The bigger your bet size, the more expected loss is.

I have just as much fun at the craps table betting $5 as I do betting $10 or $20, but you might have more money than I do. (I am, after all, only a poor gambling blogger.)

Years ago, I read a great book called Poker Night by John Vorhaus. He wrote about how to choose the stakes for your poker game. If you’re playing for such low stakes that winning or losing doesn’t matter to you at all, poker is an exercise in boredom.

He suggest playing in a game based on your “gulp limit.” That’s the amount of money that would make you swallow really hard if you lost your wallet with that amount in it.

That’s the size of your starting bankroll—your gulp limit. You can back-calculate the stakes you want to play for by dividing that bankroll by 10 or 20.

If your gulp limit is $200, you should be playing for $10 or $20 per roll.

7- Find the Casinos Who Offer You the Biggest Odds Bet Multiples

Since the odds bet offsets the house edge on the pass line and don’t pass line bet in proportion to how much you wager on it, the more you bet on it, the better off you are. But casinos have a maximum bet size for the odds bet based on a multiple of your original pass or don’t pass bet.

Winning Craps Strategy Free

If you’re betting $5 per roll, the most you can bet on the odds bet is $10. If you’re betting $1000 per roll (you high roller, you), you can bet $2000 on the odds bet.

You can find casinos in Las Vegas which allow you to take 10X or even 15X odds, but 2X is more common. You should look for casinos which offer bigger limits on the odds bet.

Some casinos have 3x 4X 5X odds bet maximums. In these casinos, you can bet 3X your original bet if the point is 4 or 10, 4X your original bet if the point is 5 or 9, and 5X your original bet if the point is 6 or 8.

This is meant to simplify payouts for the craps dealers. Those bets pay off at 2 to 1, 3 to 2, and 6 to 5, respectively.

What's The Best Craps Strategy

If you make the pass line bet with the maximum odds bet at a 3X 4X 5X table, the payout is always 7 to 1 on your total action. This makes it easier for the dealer.

Still, you’re better off finding a casino that allows you to bet more than that on the odds bet.

My suggestion for the best place to play craps in Las Vegas is the Casino Royale. It’s on the Strip, and it features some of the lowest betting minimums and highest possible odds bets in Las Vegas. You can bet $2 per roll of the dice in craps, and you can place an odds bet of up to 100X, or $200.

The cumulative house edge on a pass line bet taking maximum odds drops to just 0.02%. You won’t find a bet (or combination of bets) anywhere in any casino in the world with such a low house edge—unless you’re a card counter or an expert video poker player. (Those professions are outside the scope of this post, though—sorry.)

8- Consider Learning How to Set and Control the Dice

The idea behind dice setting and dice control is that a skilled shooter can affect the probability of getting a certain total on the dice. If skill comes into play when you’re rolling the dice, craps becomes a game more like darts than roulette.

Winning Craps Strategy

I’m skeptical of this possibility, but I’ve seen gambling writers and experts I respect who lend the idea some credence. Even if it’s possible, I don’t think it’s practical for most gamblers to try this. Here’s why:

To be able to control the dice, you’d need to practice. You can’t practice for free in a casino, so you’d need to build or buy a casino-equivalent craps table to put in your garage or basement.

Then you’d need to practice for an insane number of repetitions to have any degree of statistical certainty that your skill is in fact affecting your outcomes. Anyone can look like they have skill by getting lucky on a dozen throws of the dice in a row. You’ll need to record your results until you have confidence in your statistical results.

That’s a lot of work for something you might turn out not to be good at. It’s also a lot of work on something that might not even be possible.

I don’t know of any casinos changing their rules or game conditions to combat dice setters. So I’m skeptical of how big a problem it is.

9- Try Playing Free Craps Games Online

I shouldn’t have to go into a lot of detail about this tip for it to make sense. If you’re playing craps without risking any money, you can’t lose any money. Online casinos offer play money games where you don’t risk a thing. At a lot of these casinos, you don’t even have to register an account.

10- See if You Can Find Some Buddies to Play “Street Craps” With

Street craps is the game played in an alleyway or someone’s house. You’ll see people playing street craps in a lot of old movies.

The most important difference between street craps and casino craps is the lack of betting options. In street craps, you only have the 2 betting options—pass and don’t pass. The rules for these bets work the same as they would if you were playing in a casino.

You’re just betting against the other players.

Conclusion

I can’t imagine a game in the casino more fun than craps. Luckily, it also offers some of the best odds in the casino—IF you place the right bets. Once you learn the basics of the game, it’s easy to do well at craps at least part of the time. Just stick with the bets which have a low house edge.

The rest of what you need to know about craps strategy can be boiled down to avoiding bad strategies. The bad bets at the craps table are awful. There’s never a reason to place a bet on something as silly as “hard eight,” even though PT Anderson made a great movie with that title.

Craps is a notoriously streaky game. This is good news and bad news. It means you can have big winning streaks. Sadly, it also means you can have fast losing streaks, too.

Best Winning Craps Strategy

And the losing streaks are marginally more common than the winning streaks. That’s how a game with a negative expectation for the player works. Play long enough, and you’ll lose all your money.

But you can sure have some fun and walk away a winner from the craps table once in a while.