Craps House Edge and Odds: How to Calculate Your Chances of Winning

Craps has been a favourite dice game for generations. In this game, bets are placed on the outcome of a single roll or a series of dice tosses. While craps is straightforward to get the hang of, mastering it certainly calls for some flair and skill.

On this page, we'll walk you through the ultimate craps odds chart and how to work out the best craps odds for a win. We'll also break down the house edge, a crucial concept in any casino game, and analyse the craps payout table, specifically for players in New Zealand.

Understanding Craps Payout Odds in NZ

To truly get the most out of playing craps and boost your winning potential, it's important to know the basic rules and develop a craps betting strategy that fits your style and comfort level with risk. Remember, craps odds and house edges can differ significantly across various bets available at online casinos in New Zealand. Some wagers might offer juicier payouts but come with a lower probability of winning. Let's dive into the different bets and their payouts in craps:

Key Betting Options in Craps

You can place several fundamental bets in craps, including Pass Line, Don't Pass, Come, and Don't Come bets. These are popular choices among both newcomers and seasoned players in New Zealand's online casinos because they have a relatively low house edge.

• Pass Line and Come bets: These are some of the most common bets. You're essentially betting on the shooter rolling a 7 or 11 on the come-out roll. If they do, you win. Roll a 2, 3, or 12, and you lose. The odds of winning are even, and your payout is 1:1.
• Don't Pass and Don't Come bets: These bets are the inverse of the Pass Line and Come bets. You're betting against the shooter, essentially hoping they don't roll a 7 or 11. You win if the shooter rolls a 2 or 3, and lose if a 7 or 11 appears. Similar to the Pass Line, the odds and payout are 1:1.

The Power of Odds Bets

Odds bets are a fantastic addition to your Pass Line, Don't Pass, Come, and Don't Come wagers. The real draw here is that they carry absolutely no house edge, making them a prime choice if you're looking to maximise your potential wins at NZ online casinos. The payout for these odds bets is determined by the point number established:

• Point of 4 or 10: A 2:1 payout.
• Point of 5 or 9: A 3:2 payout.
• Point of 6 or 8: A 6:5 payout.

Place Bets

Place bets allow players to bet on a specific number being rolled before a 7. The payouts for place bets vary based on the number chosen:

• 4 or 10: 9:5 payout
• 5 or 9: 7:5 payout
• 6 or 8: 7:6 payout

Field, Big 6 or Big 8 Bet, and Any 7 Bets

Field bets, Big 6/8 bets, and Any 7 bets are additional betting options in craps with varying odds and payouts.

• Field bets: Players win if the next roll is a 2, 3, 4, 9, 10, 11, or 12. The payout is 1:1 for most numbers, with a 2:1 payout for 2 and 12.
• Big 6/8 bets: Players win if the shooter rolls a 6 or 8 before a 7. The payout is 1:1.
• Any 7 bets: Players win if the next roll is a 7. The payout is 4:1.

Craps House Edge

Each game features a house edge that must be considered for calculating the odds in craps. In the long term, online casino site is counting on keeping the house edge, which is a certain proportion of each bet.

If the house edge in a game is 1%, for instance, the casino can anticipate winning back, on average, 1% of every bet.

The house edge in craps changes with each type of bet. This is the proportion of the house edge and payout for some of the most popular craps bets:

Clearly, the house edge is smaller on some bets than others. The Pass Line, Don't Pass, Come Bet, and Don't Come odds all have a lower house edge than other possible bets.

The Any 7 Bet, the Big 6 or Big 8 Bet, and the Place Bet on 4 or 10 have the biggest house edge in the craps odds chat.

How to Calculate Payouts in Craps Online

Craps payouts are determined by the player's knowledge of both the house edge and the craps odds of winning of the bet they are placing. Here's a closer look:

Players bet $10 on the Pass Line, and the dice roll a 7. Since the chances of winning a Pass Line Bet on the come-out roll are 251/495, or 50.7%, players win $10 - even money.

Let's assume players are willing to risk $10 on the point of 6 with chances of -110. If players place a $5 Odds Bet on the point of 6, they will receive a $6 payout. The return on a $10 bet is $12.

The method used to determine winnings for other bets is similar. For any bet players place, they must consider not only the best craps odds of winning but also their potential return.

Conclusion

One of the most important aspects to play craps online successfully is becoming familiar with the craps odds. Players can improve their craps odds of winning by placing bets with a higher expected payout if they know the odds of winning and the payoff odds for each stake.

The best bets are the ones with the lowest house edge (the Pass Line Bet, the Don't Pass Bet, the Come Bet, and the Don't Come Bet). Any 7 Bets, Big 6 and Big 8 Bets, and Place Bets on 4 and 10 carry the largest house edges and should be avoided.

Players can reduce the risk and increase their chances of winning by learning the best odds for craps.