Guide to Craps Free Odds: Minimizing the House Edge
If you are looking to take the edge away from the casino when playing craps, then free odds should be in your strategic arsenal. Delve into this craps guide to learn how you can improve your chances of winning in the popular online casino game craps. Craps Free Odds 101
The craps free odds bet is akin to blackjack’s double down option, wherein the bet occurs during mid-play.
It is important to note that: You are only allowed to make a craps free odds bet on the continuation of the come/don’t come and pass/don’t bass bets.
For example, if you originally placed a bet for $20 on the pass line, you could then place another single odds bet of $20 once a point is established, risking a total of $40.
Every casino has different rules regarding how much you can place on your free odds bet, ranging from double your original bet to 50 times or more.
Why Free Odds Benefits You
Craps free odds are highly beneficial to you, the player, as it completely takes away any edge from the casino. The casinos cannot make any profit from these bets, as they are paid out at true odds. In craps, free odds are the only bet where the house has zero edge. Understanding these benefits, you can use free odds to reduce the overall edge the house has.
How to Employ a Craps Free Odds Strategy
Statistically speaking, the most effective time to employ free odds is to place your bet on the pass line. Once a point has been established, then bet full odds. Remember, the pass line only gives the house an edge of 1.41%, and when you can leverage this with a 0% edge from free craps, you improve your chances of winning.
To illustrate, if you bet on the pass line and don’t take craps free odds, then the house retains its edge of 1.41% on the pass line. However, if you take two times the odds, the house edge drops to .606%, and if you were allowed to take 100 times the odds, then the house edge falls to a miniscule 0.021%. Mathematically, the higher the odds you take, then the better your chances are against the house.
To maximize your statistical chances of winning, it is always better to place a larger free odds bet in comparison to your original bet. For example, if you plan to allocate $45 per play, then bet $15 on the pass line, and once a point is established, then take $30 odds.
Indeed, when you are playing the online casino game craps, using free odds is an excellent way to improve your chances against the house edge.