Are these craps bets good?

16 Mar 2011

By Frank Scoblete

Frank,

My wife and I have a new question. A local casino property in Eastern Washington State only allows 2x odds. They will allow 2.5 times odds on the 6 and 8 if you put out a six-dollar pass line bet. They will allow 15-dollar odds. This goes up as your pass line bet increases. Is this a good bet? I tried to do the math to compute the edge but my math skills have failed me. They also allow a $13 place bet on the 6 and 8 only. These seem to be good bets, but I wanted check with or someone at Golden Touch since you are the experts. What is your opinion?

All the best,
GP “Northwest Shooter”

Dear Northwest Shooter:

Being able to put $6 on a pass line bet and when a 6 or 8 is the point, then backing it with $15 in odds is a good deal ... except the casino is taking more money from you since you are betting more on the pass line. The odds bet is a break-even proposition so no matter how much you put in odds, the long-term expectation is zero. Now, the casino is going to make more money since you are also betting $6 on the other numbers when they are points. So as a $5 bettor, you have now become a bigger bettor with a potential for bigger losses.

If the $13 place bet only pays $14 or $15, it is not a good deal; but if it pays $16, it is a good deal ... but again you are now betting more money.

All the best in and out of the casinos!

Frank Scoblete

This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net.

Are these craps bets good? is republished from CasinoCityTimes.com.

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	Are these craps bets good? 16 Mar 2011 By Frank Scoblete <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> Frank, My wife and I have a new question. A local casino property in Eastern Washington State only allows 2x odds. They will allow 2.5 times odds on the 6 and 8 if you put out a six-dollar pass line bet. They will allow 15-dollar odds. This goes up as your pass line bet increases. Is this a good bet? I tried to do the math to compute the edge but my math skills have failed me. They also allow a $13 place bet on the 6 and 8 only. These seem to be good bets, but I wanted check with or someone at Golden Touch since you are the experts. What is your opinion? All the best, GP “Northwest Shooter” Dear Northwest Shooter: Being able to put $6 on a pass line bet and when a 6 or 8 is the point, then backing it with $15 in odds is a good deal ... except the casino is taking more money from you since you are betting more on the pass line. The odds bet is a break-even proposition so no matter how much you put in odds, the long-term expectation is zero. Now, the casino is going to make more money since you are also betting $6 on the other numbers when they are points. So as a $5 bettor, you have now become a bigger bettor with a potential for bigger losses. If the $13 place bet only pays $14 or $15, it is not a good deal; but if it pays $16, it is a good deal ... but again you are now betting more money. All the best in and out of the casinos! Frank Scoblete This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net. Are these craps bets good? is republished from CasinoCityTimes.com.