Craps Has The Best Casino Bet – Free Odds

The odds bet is one of those bets in a casino that you should definitely make. The Free Odds bet carries no house edge, which is why Craps has The Best Casino Bet – Free Odds. The casino makes no profit on this bet. This is the only table game bet you can make where the odds aren’t against you. How can the casino make this bet available when they don’t make any money on it? Of course, the Free Odds bet isn’t totally free. You have to make a flat bet (Pass, Don’t Pass, Come, or Don’t Come) before you can make the Free Odds bet.

craps-bet

How It Works

You make a Pass Line bet, and the shooter rolls a number to establish a point (4,5,6,8,9 or 10). Now you can make a Free Odds bet by putting your chip(s) below (due South) of your Pass Line bet. It’s kind of like doubling down in blackjack. If the shooter rolls the point again, you not only win your Pass Line bet, but you also win the Odds bet.

Mike Shackelford of The Wizard of Odds
Mike Shackelford of The Wizard of Odds

According to the Math Master, Michael Shackelford at Wizard of Odds, “because the Odds has zero house edge, the player can only bet so much on it than his Pass bet. Most casinos allow what is known as “3- 4-5X Odds.” This means the player may bet up to three times his Pass bet on the odds after a point of a 4 or 10, four times after a 5 or 9, and five times after a 6 or 8. How did they come up with this? If the player always takes the maximum odds and wins on the pass line, the Odds bet will always pay 6 times the pass line wager, making the math easier for the dealers.

Placing the Odds – The Best Casino Bet

Some casinos pay even more, like 5X, 10X, 20X, or 100X odds on all points. So if you see a casino advertising something like “10X Odds,” that means that you can bet up to ten times your Pass bet on the Odds.

Craps Table
The Craps Table – A Daunting Place for the Beginner.

You can place the odds bet on the point OR the come bet.  According to John Grochowski, “when the dealer sees that bet backing your pass bet, he knows it’s an odds bet and words are unnecessary.  It’s a little different with come bets. There, you do have to give the dealer verbal information. Let’s say you have a come bet, and the shooter rolls a 6. The dealer will move your come bet to the “6 box.”

You make a free odds bet by placing chips in the come box and telling the dealer, “Odds on my come” or “Odds on my 6.” The dealer then will move those chips to the 6 box, positioning them both to indicate your position at the table and which chips are the come bet, and which are the odds.

Finally, if comps are important to you, then be warned.  Most casinos do not count bets on the Odds towards the average amount you bet. Why?  Because they don’t stand to make any profit on it.

Just starting?  Try this related post –  A Beginner’s Guide to Playing Craps.

Dogs Playing Craps - Love It.
Dogs Playing Craps – Gotta Love It.

Binbin

Binbin and NETimeGambling.com

Miguel, Binbin, and Bert – The NETG Staff

Robin T. Aubin (AKA Binbin at NETimeGambling) has been a guest on Cousin Vito’s Casino Podcast, The Bettor Life Podcast, The Art in the Game Podcast Springfield, Massachusetts. as well as ZorkCast with Michael Trager.As the founder of NETimeGambling. He has tried to provide a resource for recreational gamblers featuring New England’s expanding casino market events, gambling promotions, and entertainment. Additionally, as a professional musician for over 50 years, he has performed in some New England’s best venues, namely Mohegan Sun’s Wolf Den, Foxwoods’ Atrium Lounge, and Twin River’s Lighthouse Bar & Lounge.

The goal of NETimeGambling is to provide a service and resource for any recreational gambler visiting New England’s expanding casino market and interested in gambling tips, news, advice, and the latest in events, gambling promotions, and entertainment.

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