Craps Casinos
In craps casinos there are so many different bets that can be placed.
One of the most important aspects of the game are what is called proposition
bets. Proposition bets either win or lose on the next throw. In general
these have the highest house edge of all the craps bets and for the player
with any sense are to be avoided completely. Specific descriptions of
the various bets are below.
Craps 2: A bet that a 2 will be thrown on the next roll. Pays 30-1.
house edge 13.89%.
Craps 3: A bet that a 3 will be thrown on the next roll. Pays 15-1.
house edge 11.11%.
7: A bet that a 7 will be thrown on the next roll. Pays 4-1. house
edge 16.67%.
11: A bet that an 11 will be thrown on the next roll. Pays 15-1. house
edge 11.11%.
Craps 12: A bet that a 12 will be thrown on the next roll. Pays 30-1.
house edge 13.89%.
Any craps: A bet that the next roll will be a 2, 3, or 12. Pays 7-1.
house edge 11.11%.
Field bet: This is a one time bet that the next roll will be a 2,3,4,9,10,11,
or 12. The 3,4,9,10, and 11 pay even money and the 2 and 12 pay 2-1.
In some casinos, largely confined to downtown Las Vegas, the 12 will
pay 3-1. Some casinos pay on 5 instead of the 9. If the 12 pays 2-1
the house edge is 5.56%, if the 12 pays 3-1 the house edge is 2.78%.
On the surface this seems like a great bet because 7 numbers win and
only 4 lose. However the 4 that lose are much more likely to be rolled.
Hop Bets: These are among the worst bets on the craps table. There
is no specific place on the table for these but the dealers will broker
your bet if you ask. At any time you may bet on what the next roll will
be, exactly. For example you can bet that the next roll will be a 5
and 3. If you take two different numbers as in the 5 and 3 example the
payoff is 15-1 with a house edge of 11.11%. If you take two of the same
number, for example 5 and 5, the payoff is 30-1 with a house edge of
13.89%. Note that there are already proposition bets for 1 and 1, 1
and 2, 5 and 6, and 6 and 6.
Horn Bet: This is a combination of the proposition bets on the 2, 3,
11, and 12. The player is betting that the next roll will be any one
of these numbers. The bet pays 27-4 on the 2 and 12 and 3-1 on the 3
and 11. Bets must be made in increments of $4. The house edge is 12.5%.
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