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Odds Bets: The Best Odds Betting Style for Max Profit

Craps Keys SecretsThe best kept “secret” in craps is the odds bet, also called the “free odds bet”. But there right ways and wrong ways to make these bets. We will show you two ways to improve your overall profit.

When and Where To Place an Odds Bet

If a “point is established” after the come-out roll, players may then also place an odds bet. Pass line betters may “take the odds” by placing an additional wager on the “odds bet” by placing chips near their pass line chips. Don’t Pass betters may “lay the odds” by placing an additional wager on the odds bet by placing chips near their don’t pass chips. The odds bets are usually placed in an unmarked area of the craps table. Some craps tables include a blank box near each of the pass line and don’t pass area.

How Much Can You Bet

Depending upon the casino, the odds bet may be made in multiples of the original bet from 1x, 2x, 3x, 4x, 5x, 10x, 20x, 100x or a combination called a “3-4-5X Odds”. In the mixed odds bets, the maximum bets will depend upon which point is established. The payouts on numbers 4 or 10 is 3x, numbers 5 or 9 is 4x and on numbers 6 or 8 the payout is 5x of the pass line or don’t pass bets. The maximum bet value is also limited to the table limits, so bet accordingly.

Craps Key - 345x Odds Bet Maximums

Free Odds Bet

The odds bets are called “free odds bets” because the casino does not a house edge on these individual bets. However, because players must already have a pass line or don’t pass bet, the casino still maintains a house edge on the overall total of the players bets.

The Odds Bet Payouts

The payout on the odds bets are dependent upon the point which is established after the come out roll. The payouts are based on the probability that they will occur and are consistent with the true odds. Payouts for numbers 4 & 10 are 2 to 1 for pass line bets and 9 to 5 for don’t pass bets. Payouts for numbers 5 & 9 are 3 to 2 for pass line bets and 7 to 5 for don’t pass bets. Payouts for numbers 4 & 10 are 2 to 1 for pass line bets and 9 to 5 for don’t pass bets. Payouts for numbers 6 & 8 are 6 to 5 for pass line bets and 7 to 6 for don’t pass bets.

Making Typical Odds Bets

Let’s take a look at how the odds bets is usually made. Then we will show you how it should be made!

PASS LINE BET and Taking The Odds

Come-Out Roll

  • A typical craps player may make a $10 Pass Line bet.
  • The bet is won if a 7 or 11 is rolled.
  • The bet is lost if a 2,3, or 11 is rolled.
  • A point is established if a 4, 5, 6, 8, 9 or 10 is rolled.

A Point Is Established

  • The pass line bettor may now place an odds bet.
  • At a 3x craps table, a player may make up to a $30 odds bet.
  • The players is “taking the odds”.

A 7 is Rolled

  • If a 7 is rolled after the come-out bet, the player loses both the pass line and odds bet.

Point Rolled

  • The player is paid out the winnings on both the pass line bet and odds bet.
  • The player payout is at a rate of 1 to 1 for the pass line bet + $10.
  • If a 4 or 10 is rolled, the player payout is at a rate of 2 to 1 for the odds bet +$20 ($10/1×2)
  • If a 5 or 9 is rolled, the player payout is at a rate of 3 to 2 for the odds bet +$15 ($10/2×3)
  • If a 6 or 8 is rolled, the player payout is at a rate of 6 to 5 for the odds bet +$12 ($10/5×6)

DON”T PASS BET and Laying The Odds

Come-Out Roll

  • A typical craps player may make a $10 Don’t Pass bet.
  • The bet is lost if a 7 or 11 is rolled.
  • The bet is won if a 2 or 3 is rolled.
  • The bet is tied if a 12 is rolled.
  • A point is established if a 4, 5, 6, 8, 9 or 10 is rolled.

A Point Is Established

  • The don’t pass bettor may now place an odds bet.
  • At a 3x craps table, a player may make up to a $30 odds bet.
  • The players is “laying the odds”.

The Point is Rolled

  • The player loses both the don’t pass and odds bet.

A 7 is Rolled

  • The player is paid out the winnings on both the don’t pass bet and odds bet.
  • The player payout is at a rate of 1 to 1 for the don’t pass line bet + $10.
  • If the point is a 4 or 10, the player payout is at a rate of 9 to 5 for the odds bet +$5 ($10/9×5=$5.56). The player should have bet in multiple of $9 in order to get the total 9 to 5 payout, without rounding down.
  • If the point is a 5 or 9, the player payout is at a rate of 7 to 5 for the odds bet +$7 ($10/7×5= $7.14). The player should have bet in multiple of $7 in order to get the total 7 to 5 payout, without rounding down.
  • If the point is a 6 or 8, the player payout is at a rate of 7 to 6 for the odds bet +$8 ($10/7×6=$8.57). The player should have bet in multiple of $7 in order to get the total 7 to 6 payout, without rounding down.

The Best Way To Make Odds Bets

But there is one more very valuable tip that you should know about in order to get the maximum benefit of the odds bets. For example, if you are a craps player that normally makes $10 bets on the pass line or don’t pass, you should change your betting style.

Craps Key: Best Odds Betting Style

PASS LINE

Normal Pass Line Betting Style

  • $10 Pass Line Bet.
  • A $10 pass line bet win will payout at 1 to 1 for a $10 profit.
  • The idividual pass line bet has a low 1.414% house edge.

The Best Odds Betting Style: Pass Line Bet

  • $1 Pass Line Bet.
  • If a point is established, place a $9 odds bet. When the point is made, the pass line bet pays off with a payouts of 1 to 1 for a $1 profit.
  • If a 4 or 10 odds bet is won, the player payout is at a rate of 2 to 1 for the odds bet +$18 ($9/1×2).
  • If a 5 or 9 odds bet is won, the player payout is at a rate of 3 to 2 for the odds bet +$12 ($9/2×3).
  • If a 6 or 8 odds bet is won, the player payout is at a rate of 6 to 5 for the odds bet +$10 ($9/5×6) (Note: a $10 odds bet would pay out a profit of $12).
  • The pass line bet still has a 1.414% house edge.
  • The individual odds bet has a 0 house edge.
  • The combination of the pass line bet and the odds bet has a very low 0.471% house edge.
  • The combined profit is either $19, $13 or $11

DON’T PASS

Normal Don’t Pass Betting Style

  • $10 Don’t Pass Bet.
  • A $10 don’t pass line bet win will payout at 1 to 1 for a $10 profit.
  • The individual don’t pass bet has a lower 1.36% house edge.

The Best Odds Betting Style: Don’t Pass Bet

  • $1 Don’t Pass Bet.
  • If a point is established, place a $9 odds bet.
  • When the point is made, the don’t pass bet loses.
  • When a 7 is rolled, the don’t pass bet pays off with a payout of 1 to 1 for a $1 profit.
  • If a 4 or 10 odds bet is won, the player payout is at a rate of 9 to 5 for the odds bet +$16 ($9/5×9) (For maximum wins without rounding down, it is advisable to place bets in multiples of $5).
  • If a 5 or 9 odds bet is won, the player payout is at a rate of 7 to 5 for the odds bet +$12 ($9/5×7) (For maximum wins without rounding down, it is advisable to place bets in multiples of $5). If a 6 or 8 odds bet is won, the player payout is at a rate of 7 to 6 for the odds bet +$10 ($9/6×7) (For maximum wins without rounding down, it is advisable to place bets in multiples of $6). The don’t pass bet still has a 1.36% house edge. The individual odds bet has a 0 house edge. The combination of the don’t pass bet and the odds bet has a very low 0.341% house edge – The lowest house edge for any craps bets! The combined profit is either $17, $12 or $11

The advantage of the “best odds betting style” is that there is more profit potential as well as less risk.

  1. On the come-out roll, bettors will either win or lose $1 or $10 with a house edge of more than 1%.
  2. For the odds bets, players will either lose $9 or win $1 up to $11 & $19 with a house edge of less than 1%.

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