Besides place six and place eight, the remaining wagers all have a house edge of 2.4 percent to 6.7 percent. That’s comparable to roulette and better than keno and some slots, but for craps it’s really mediocre. Don’t waste your money. Below is a short list that summarizes craps optimum betting strategy.
Bet the pass line, don’t pass bar, come or don’t come.
Take or give maximum odds but avoid over betting.
Bet place six or place eight if your gut tells you the shooter is hot, but take the wagers down after a few rolls.
Don’t waste time or money on place, buy, or lay bets for the remaining numbers because odds wagers are better.
Avoid proposition bets.
Follow this strategy and the overall house edge will always be less than 1.5 percent and usually less than one percent. That’s nearly an even contest. Combine strategy with the discipline to walk away at the right time, and you’ll often leave the table with chips stuffing your pockets.
Craps’ price for fun and money management
Every craps bet is different, but if you follow our strategy then the overall price for fun should be less that 1.5 percent of your bankroll when wagered once through, plus whatever you’re willing to spend for bad luck. The game is typically played at a rate of about thirty line decisions per hour (an average of four rolls per decision).
Craps is notorious for hot and cold streaks. If the dice are rolling against you, don’t fight them. Reduce your bets and if that doesn’t work, then take a break.
Don’t leave too many wagers on the table. A typical heartbreak scenario is being ahead but having five or six bets working, four of which can be taken down. The table suddenly goes cold. Nothing is happening. You don’t move swiftly and suddenly the shooter throws a seven; they all disappear…