Craps is a casino table game which you will find offered at a large number of different casino sites, and whilst some of the bets and wagers you can place on the betting layout come with low house edges there are some bets which offer high house edges and as such are the type of bets you should avoid placing!
Let us start off by letting you know which those low house edge bets and wagering opportunities are and then we will move onto the ones which you should avoid placing. Be aware that we are using the industry standard payouts to present the following information and as such you do need to be aware some casino sites may be offering a non standard set of winning payouts and as such those casinos house edges on this popular table game will be different than those listed below often they will be much higher.
The Pass Line/Come Bet has a very reasonable house edge of 1.41% and the other popular bet that being the Don’t Pass/Come has a house edge of 1.40 another set fairly low house edges are offered on the Place 6 and 8 bets and the house edge for those two bets are 1.52%
For you to have a fair chance of winning you should only opt to place wagers on the lowest house edge bets as the higher the house edge become the less you are likely to win and the quicker your bankroll will diminish if you place bets on the betting opportunities with a much higher house edge.
High House Edge Craps Bets and Wagers
Let us now enlighten you as to just how wide and varied the different bets and wagers you can place on a Craps table are and how the house edges of those bets and wagers are even more varied. The Place 5 and 9 bets have a house edge of some 4.00% which is similar to the house edge found on most slot machines.
By placing the Place 4 and 10 you will be up against a house edge of 6.67% which the Buy 6 or 8, Buy 5 or 9 and the Buy 4 or 10 all share an identical house edge working out at 4.76%.
By placing either a Lay 6 or Lay 8 bet the house edge you will be up against is 4.00%, however the Lay 5 or 9 bets offer a slightly lower house edge of 3.23% and an even lower house edge is attached to the Lay 4 or 10 bets which for reference is 2.44%.
The Field Bet is one on which a house edge of some 5.56% can be found and the Any Craps has a huge house edge of 11.11 Other bets which you really should avoid placing on a Craps table due to some enormous house edges include the Hardway 6 or 8 bets on which a large house edge of 9.09% and things get even worse when you place the Hardway 4 or 10 bets as those bets come with a house edge of 11.10
A few additional bets which are certainly not worth placing include the 2 or 12 betting options which both have a huge house edge of 13.90% and the Any 7 bet may look appealing but the house edge is too large to be attractive to any player and that house edge works out at a very large 16.70%
As you can see whilst Craps does offer you lots of different betting opportunities not every wager you can place on a Craps table is going to give you a fair and reasonable house edge. You can of course test out the game of Craps if you have never played it before as all of our featured casinos sites have this table game on offer.
By playing it for any amount of time via the free play options you can then get used to placing each type of bet when it is available and will be able to see for yourself just how much the house edge will affect your bankroll.
Once you are confident you know what you are doing you can then switch over to playing Craps for real money and quite a number of online casino sites will offer you a bonus when you make your first initial real money deposit into their casino sites and all real money gaming action will also see you earning comp and loyalty points.