In this page we will explain craps odds. As a game of chance, you need to have an understanding as to why a player has bigger or lesser chances of rolling several different numbers. The likelihood of rolling a specific number in craps is established by the number of combinations of the dice that add up to that particular number value since there are two dice being rolled. The number 7 is considered the magic number in craps because it is the number which is bound to be rolled more often. There are six number combinations that would result to the value of 7. On the contrary, 2 and 12 are the numbers which have the least probability of being rolled out. All in all, the game of craps has a total probable number combination of 36.
Craps Odds – Odds for Each Number
Each number has established true odds if you will look at the possible combinations. For you to know the chances of one number being rolled, it is good to know the odds in craps.
Craps Odds – House Edge
In order to make profit and survive in the business, casinos need to have an edge. The casino odds is the difference between the true odds and the pay out. This is how casinos make money. It is actually the relation of the average loss to the amount of your initial wager. For instance, if the casino edge in the game of craps is 1.41%, every $10 wager will lose 14.1 cents. The casinos advantage is reduced by the free odds bet because it pays true odds with the additional bet you place on your first line bet.
The essence of the game lies in the knowledge of the mathematical odds of the dice rolling out certain values of numbers. The game of craps is all about the odds. The odds is equal to the number of winning possibilities divided by the total number of remaining possibilities.
Every throw of the dice always give the same odds of a particular result. In the long run, the law of averages will work. Over a number of random results and a certain length of time, the odds will work out. This is common knowledge for casinos who takes thousands of bets in an hour.
Knowing the ways of calculating the probabilities and odds is an advantage for players because the house edge is not the same for all the bets. A player will have the ability to select the better bets if he knows the math behind the odds. Bets with the lowest house edge are always the best. If you know how to choose one, you already have the basic knowledge of the effective strategy used in the game of craps.
The pay out in craps is higher with the rare numbers which are more difficult to roll. You will become a more profitable player if you remember the lessons in school about the permutations and combinations of numbers. You don’t have to be a math genius to be able to accomplish this. Just practice the game and be familiar with the odds and you will be able to make money in this game of chance.
For more information about Craps Odds and Craps Game check the Crapscategory.