Isn't the odds bet at craps a big mistake?

11 Apr 2011

By Frank Scoblete

Dear Frank:

I don't see how you can say that the odds bet at craps is a good bet. It only makes it appear that it reduces the house edge but in fact the amount of money you lose is always the same. If I make a $25 pass line bet my expected loss is 35 cents. The house edge is 1.41%. Now say I decide to put $100 in odds behind the bet. The house edge goes down but I still expect to lose the same 35 cents. No difference.

So can you tell me why everyone screams that the odds bet is so great? I just don't see it. I'll just bet my $25 and to heck with the odds since the odds are really meaningless.

Jim

Dear Jim:

The odds bet is a great bet if used properly. You want to bet $25? Okay, what is the better bet: $25 on the pass line with no odds or $5 on the pass line backing it with $20 in odds? Your expected loss as you stated on $25 is 35 cents but your expected loss on the $5 pass line bet is only 7 cents. The casino is giving you the opportunity to bet the same amount but to have one bet come in with a bigger hit on your bankroll and another bet come in with a smaller hit on your bankroll. Which bet is the one you should make? The answer is obvious.

The rule of thumb is therefore: Bet less on the pass or come and back those bets with the highest you can get and afford in odds.

I am giving you a free 30-day subscription to my private member's only website at www.goldentouchcraps.com. We have over 5,000 members on this site and I think you will enjoy it.

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.

Isn't the odds bet at craps a big mistake? is republished from CasinoCityTimes.com.

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	Isn't the odds bet at craps a big mistake? 11 Apr 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> Dear Frank: I don't see how you can say that the odds bet at craps is a good bet. It only makes it appear that it reduces the house edge but in fact the amount of money you lose is always the same. If I make a $25 pass line bet my expected loss is 35 cents. The house edge is 1.41%. Now say I decide to put $100 in odds behind the bet. The house edge goes down but I still expect to lose the same 35 cents. No difference. So can you tell me why everyone screams that the odds bet is so great? I just don't see it. I'll just bet my $25 and to heck with the odds since the odds are really meaningless. Jim Dear Jim: The odds bet is a great bet if used properly. You want to bet $25? Okay, what is the better bet: $25 on the pass line with no odds or $5 on the pass line backing it with $20 in odds? Your expected loss as you stated on $25 is 35 cents but your expected loss on the $5 pass line bet is only 7 cents. The casino is giving you the opportunity to bet the same amount but to have one bet come in with a bigger hit on your bankroll and another bet come in with a smaller hit on your bankroll. Which bet is the one you should make? The answer is obvious. The rule of thumb is therefore: Bet less on the pass or come and back those bets with the highest you can get and afford in odds. I am giving you a free 30-day subscription to my private member's only website at www.goldentouchcraps.com. We have over 5,000 members on this site and I think you will enjoy it. 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. Isn't the odds bet at craps a big mistake? is republished from CasinoCityTimes.com.