Craps strategy...know your bets

One thing that is critical to remember about Craps, is that it is a game that is savage on ignorant players.  This is because there is a massive divergence in the house edge attaching to different Craps bets.  And this can even apply to different bets on the same outcome. A good example of this is the 'big 8' bet and the 'place bet' on 8 (see Craps rules for bet details).  In both cases, you are betting that an 8 is rolled before the 7, but the house edge on the 'big 8' is around 10%, while the house edge on the 'place bet' is around 1%.

So the key to good Craps strategy is knowing which bets have a small house edge, and sticking with them.  For those learning the game, the following bets are easy to understand, and have a house edge of around 1.5%:

- pass line
- don't pass
- come
- don't come
- place bets on 6 or 8 only, other place bets have higher house edge

Once you are familiar with pass line bets, try moving on to odds bets - this is where the super skinny house edges can be found - around 0.5% depending on just high high a multiple of your pass line bet the casino will let you lay or take the odds.  

Stay away from the other bets, especially 'big 6' and 'big 8' and the proposition bets.   Leave these to the mugs who don't know what they are doing.


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