Why are odds bets in craps a good bet?

May 18, 2014

Gambling

Question by Dugifresh: Why are odds bets in craps a good bet?
When I am playing craps everyone says HEY make the odds bet on your pass line bet…..but…why? what is the difference between making an odds bet when the point is 9 then just putting money on lets say the 5? why are odds bets so good..i need a detailed reason…because i don’t understand it at all..i have read every website and they all just say that it lowers the house odds….i get that..but how is it any different then setting a bet on theoppsite side for the same amount…because at least your covering more numbers then? if i were to just put odds on the 9….then all i am doing is covering the 9…would wouldn’t i just set that same money on the 5 then i am covering two numbers? to odds bets have a better pay off then if you just set the money on the other number with the same odds…for example if the point is 10…instead of putting full odds on the pass line…just set those same bets on the 4…that way your at least covering 2 numbers instead of one…its the same pay off isn’t it?

Best answer:

Answer by ?
Because you can bet the whole table

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2 Responses to “Why are odds bets in craps a good bet?”

  1. LegFuJohnson Says:

    No, it’s not the same payoff.

    When you make a “true odds” bet behind your pass line bet, you get paid 3/2 on a 5 or a 9.

    So if you bet $10, you’ll win $15.

    When you make a place bet on the 5 or 9, you get paid 7/5.

    So if you bet $10, you’ll win $14.

    The “true odds” bet has a 0% house edge, as I mentioned you get paid 3/2 on a 5 or 9. The odds of rolling a 7 before a 9 is 3/2. You get the true odds.

    That’s the same with any number. A place bet on the 4 or 10 pays 9 to 5 (win $18 on a $10 bet). A true odds bet when the point is 10 or 4 would pay 2 to 1 ($20 on a $10 bet)

    By all means, you want to spread bets around, go ahead. When I play craps, I take the true odds, and I also do place bets.

    But that’s why people say you should take the odds bet, it’s the best bet in the casino.

    Reply

  2. Robert Sutcliffe Says:

    The odds bets on the pass line are THE bets in the whole casino with the lowest house advantage. I believe they’re actually quite close to true odds.

    Reply

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