House Advantage Craps
- Casino House Edge Explained - Understanding The House Advantage.
- See Full List On Casinonewsdaily.com
- House Edge Advantage Craps
- Craps House Edge - Casino News Daily
- House Advantage Craps 10x Odds
- Nov 04, 2019 The only way to beat the game of craps for any period of time is to stay will low house-edge bets and catch a lucky shooter or a hot game and press your wagers while good luck is on your side. If you were introduced to a new table game called Any 7 where you knew the house edge was 16.7-percent, would you play it?
- See full list on wizardofodds.com.
- See full list on casinonewsdaily.com.
Introduction
Calculate the house advantage by dividing our $1 net loss by our $66 total investment (1 / 66 = 0.01515, which rounds to 1.52%). A 1.52% house advantage means if we keep betting the Place 6 over a long period of time, we expect to lose an average of about $0.15 for every $10 that we bet. The casino odds for the Big 6 bet are 1:1, or even money. The House Edge on Craps Bets Crap games have some of the widest house edge spreads of any casino game. On the good end you have no house edge on the odds bets and just 1.41% on the Pass Line. On the bad end you have house edges over 10% such as on bets such like the Proposition 2 and 12.
One argument that comes up a lot is how to quantify the house edge in craps. Normally the house edge is defined as the ratio of expected loss to the initial bet. However, how do you treat bets, like the place bet for example, when many rolls may be required to resolve the bet and the player can take it down anytime? Is it a push or should we assume the bet will stay on the table until resolved?
Personally, I prefer to define the house edge in craps on a 'per bet resolved' basis. However, for those who disagree, I present this page, which defines the house edge all three ways.
Multi-Roll Bets
The following table shows the house edge of all the bets in craps which may take multiple rolls to resolve. The house edge is shown three ways: per bet made, per bet resolved, and per roll.
Craps House Edge
| Bet | Pays | Expected Rolls | House Edge Per Bet Made | House Edge Per Bet Resolved | House Edge Per Roll |
|---|---|---|---|---|---|
| Pass | 1 to 1 | 3.38 | 1.41% | 1.41% | 0.42% |
| Don't Pass | 1 to 1 | 3.47 | 1.36% | 1.40% | 0.40% |
| Taking Odds 6 and 8 | 6 to 5 | 3.27 | 0.00% | 0.00% | 0.00% |
| Taking Odds 5 and 9 | 3 to 2 | 3.60 | 0.00% | 0.00% | 0.00% |
| Taking Odds 4 and 10 | 2 to 1 | 4.00 | 0.00% | 0.00% | 0.00% |
| Laying Odds 6 and 8 | 5 to 6 | 3.27 | 0.00% | 0.00% | 0.00% |
| Laying Odds 5 and 9 | 2 to 3 | 3.60 | 0.00% | 0.00% | 0.00% |
| Laying Odds 4 and 10 | 1 to 2 | 4.00 | 0.00% | 0.00% | 0.00% |
| Place 6 and 8 | 7 to 6 | 3.27 | 0.46% | 1.52% | 0.46% |
| Place 5 and 9 | 7 to 5 | 3.60 | 1.11% | 4.00% | 1.11% |
| Place 4 and 10 | 9 to 5 | 4.00 | 1.67% | 6.67% | 1.67% |
| Big 6 and 8 | 1 to 1 | 3.27 | 2.78% | 9.09% | 2.78% |
| Don't Place 6 and 8 | 4 to 5 | 3.27 | 0.56% | 1.82% | 0.56% |
| Don't Place 5 and 9 | 5 to 8 | 3.60 | 0.69% | 2.50% | 0.69% |
| Don't Place 4 and 10 | 5 to 11 | 4.00 | 0.76% | 3.03% | 0.76% |
| Buy 6 and 8 * | 23 to 21 | 3.27 | 1.46% | 4.76% | 1.46% |
| Buy 5 and 9 * | 29 to 21 | 3.60 | 1.32% | 4.76% | 1.32% |
| Buy 4 and 10 * | 39 to 21 | 4.00 | 1.19% | 4.76% | 1.19% |
| Buy 6 and 8 ** | 23 to 20 | 3.27 | 0.69% | 2.27% | 0.69% |
| Buy 5 and 9 ** | 29 to 20 | 3.60 | 0.56% | 2.00% | 0.56% |
| Buy 4 and 10 ** | 39 to 20 | 4.00 | 0.42% | 1.67% | 0.42% |
| Lay 6 and 8 * | 19 to 25 | 3.27 | 1.22% | 4.00% | 1.22% |
| Lay 5 and 9 * | 19 to 31 | 3.60 | 0.90% | 3.23% | 0.90% |
| Lay 4 and 10 * | 19 to 41 | 4.00 | 0.61% | 2.44% | 0.61% |
| Lay 6 and 8 ** | 19 to 24 | 3.27 | 0.69% | 2.27% | 0.69% |
| Lay 5 and 9 ** | 19 to 30 | 3.60 | 0.56% | 2.00% | 0.56% |
| Lay 4 and 10 ** | 19 to 40 | 4.00 | 0.42% | 1.67% | 0.42% |
| Hard 6 and 8 (US) | 9 to 1 | 3.27 | 2.78% | 9.09% | 2.78% |
| Hard 6 and 8 (AU) | 19 to 2 | 3.60 | 1.39% | 4.55% | 1.26% |
| Hard 4 and 10 (US) | 7 to 1 | 4.00 | 2.78% | 11.11% | 2.78% |
| Hard 4 and 10 (AU) | 15 to 2 | 4.00 | 1.39% | 5.56% | 1.39% |
Footnotes:
* Commission always paid
** Commission on win only
AU Australia rules
US United States rules
Casino House Edge Explained - Understanding The House Advantage.
Let me add two more things, based on frequent reader comments:
- Some of these bets may not exist anywhere on earth. For example, I've never seen a casino with buy bets on a 5, 6, 8, and 9 where the commission was payable on a win only. Nevertheless, I don't know the rules of every craps table on earth. I also know that if I omit such bets, somebody will write in and take me to task for the omission.
- The table above assumes wins are calculated exactly. In other words, no rounding up or down. Let me make it perfectly clear that you can lower the house edge if the dealers will round a win up or a commission down. A common one is a 5% commission on a $25 bet is $1.25. If the casino rounds that down to $1, then that cuts the commission to 4%. Finding other situations is an exercise left up to the reader.
Single-Roll Bets
The following table shows the house edge of all the bets in craps which are always resolved in a single roll, except the field. Thus, there can be only one way to define the house edge.
Craps House Edge
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| Bet | Pays | Probability Win | House Edge |
|---|---|---|---|
| 2, 12, and all 'hard' hop bets | 33 | 2.78% | 5.56% |
| 2, 12, and all 'hard' hop bets | 32 | 2.78% | 8.33% |
| 2, 12, and all 'hard' hop bets | 31 | 2.78% | 11.11% |
| 2, 12, and all 'hard' hop bets | 30 | 2.78% | 13.89% |
| 2, 12, and all 'hard' hop bets | 29 | 2.78% | 16.67% |
| 3, 11, and all 'easy' hop bets | 16 | 5.56% | 5.56% |
| 3, 11, and all 'easy' hop bets | 15 | 5.56% | 11.11% |
| 3, 11, and all 'easy' hop bets | 14 | 5.56% | 16.67% |
| Any craps (2, 3, or 12) | 7 | 11.11% | 11.11% |
| Any craps (2, 3, or 12) | 7.5 | 11.11% | 5.56% |
| Any seven (US) | 4 | 16.67% | 16.67% |
| Any seven (AU) | 4.5 | 16.67% | 8.33% |
Field
House Edge Advantage Craps
- If the field bet pays 2 to 1 on both the 2 and 12, then the house edge is 5.56%.
- If the field bet pays 2 to 1 on the 2 and 3 to 1 on the 12, then the house edge is 2.78%.
- If the field bet pays 3 to 1 on the 2 and 2 to 1 on the 12, then the house edge is 2.78%.
- If the field bet pays 3 to 1 on both the 2 and 12, then the house edge is 0.00%.
Internal Links
- How the house edge for each bet is derived, in brief.
- The house edge of all the major bets on both a per-bet made and per-roll basis
- Dice Control Experiments. The results of two experiments on skillful dice throwing.
- Dice Control Advantage. The player advantage, assuming he can influence the dice.
- Craps variants. Alternative rules and bets such as the Fire Bet, Crapless Craps, and Card Craps.
- California craps. How craps is played in California using playing cards.
- Play Craps. Craps game using cards at the Viejas casino in San Diego.
- Number of Rolls Table. Probability of a shooter lasting 1 to 200 rolls before a seven-out.
- Ask the Wizard. See craps questions I've answered about:
- Simple Craps game. My simple Java craps game.