In short, the house edge is the percentage of a bet that the casino takes over the long term, so the greater the house edge on a bet, the less favourable it will be. Before you can calculate the house edge for craps bets, you must be certain of the probabilities of the outcomes. The outcomes are represented by the total values of the numbers. The house edge varies in keno because different casinos have different versions of the game, with some casinos allowing players to choose a minimum of one number, while others require a minimum of four. The average house edge has been calculated around 30%, making keno a highly volatile game.

Craps payouts and craps true odds are essential for players who are eager not only to enjoy a few sessions of this dice game but who also wish to win some cash. However, not all players are experts when it comes to the math behind odds and craps payouts. Happily, understanding odds, payouts and your chances to win is not as difficult and challenging as it sounds.

Craps is a game of luck and players cannot apply complicated strategies, but this game requires serious calculations that will help gamers determine the best craps payouts available. It may seem a bit confusing at first, but players should know how to calculate craps odds payouts so that they can spot the top bets and get as much as possible from the game.

Below you can find a detailed guide to craps odds and payouts that will hopefully allow you to get familiar with the numbers and understand how craps payouts work. It’s a great practice to have a great craps winning strategy before you start betting. But before we proceed to that, we will take a look and explain some of the basic craps terms because we know that not all players are experienced experts and need some explanations and clarifications.

• Craps true odds

  players use this term to define the calculated odds that participants in a game of craps will win or lose depending on the bet they place. The amount of cash you bet does not affect the odds. However, the amount of the bet has an influence on the craps payouts.

• Bet

  this is the wager that players make during a game of craps on the table.

• Craps payouts

  the payouts are the cash you get if your bet wins. If your bet amounts $5 and the payout is 1/1, you will get extra $5 beside the money you have gambled.

• House edge

  the house edge is a percentage that demonstrates the percent over the even odds that the casino holds. Typically, this figure shows the possibility of the house to win a particular bet.

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How to Calculate Craps Payouts Efficiently for Profitable Wins

All players who decide to participate in a dice game should know the craps true odds. However, if a player wants to be aware of their chances to win, they should first know how often a dice roll may appear in the game. The primary focus of craps is the number seven, and there is a simple explanation of this fact – players hit this number more often than other numbers. Online casinos have made detailed calculations and have figured the odds for all rolls, so old and new online gambling operators are perfectly aware of the advantage they have over gamblers for each wager.

Each dice has a total of six sides, which means there are six values. In a game of craps, the players throw two dice, saying that twelve different results can come out of a single roll of the dice. However, if you consider this more carefully, you will realise there are thirty-six possibilities. When you play craps, you should take into account all possible combinations of numbers when you calculate the craps odds and payouts.

Here we will discuss the different craps odds payouts starting from the two numbers that are the hardest to throw: two and twelve. There is only one combination of the two dice that can result in these figures, namely 1 and 1, and 6 and 6. Thus, the craps true odds for two and twelve are 1:36. As it is evident from the odds, the craps payouts are higher when the number is harder to roll.

The next couple of figures based on the possibilities to come out as a result of a roll are three and eleven. These two numbers can come out of two different combinations of the dice, and this means the odds for three and eleven are 1:18. The player can hit for and ten with three combinations of the dice, so the odds here are 1:12.

There are four separate combinations to throw five and nine, so the odds for these two numbers are 1:9. The outcome of six and eight can be achieved in five possible combos, which means the odds are 1:7.

Let us carefully examine the number seven which is the easiest the roll. There are six various ways to throw seven using two dice, like in street craps, and the calculations say that the odds for going seven are 1:6. How did we calculate the craps payouts and odds for this number? Number seven can come out in three separate ways: one plus six, two plus five and three plus four. To calculate the craps payouts and odds for this number, we multiply the three by two (the two dice that players use in the game), and the result we get is six. Thus, the odds are 1:6 and seven is the most frequent number that comes up in craps games.

How to convert the chance to roll a particular number into odds?

Odds are the number of probabilities that something does not happen as opposed to the number of possibilities that it happens. Let us illustrate this with number seven again. In this case, there are five rolls that are not seven.

It may seem a bit confusing how to define the odds for each number that may come up as a combo of the two dice. However, the example and information above will surely help you understand how to calculate odds in craps. Knowing the odds is essential because this info allows you to determine the craps payouts you may expect from a particular game of craps. Players should take into account that the odds vary for the different numbers that they roll. If you are aware of the different odds, you will be able to make a proper decision whether to increase or reduce the stake on a particular bet. Here is a simple formula that will help you calculate your chances to hit a specific number: just divide the number of likely results by the amount of total results (it equals 36). Thus, the opportunity to throw seven is 6/36 x 100 = 16.6%.

To conclude, we should say that although it seems challenging and difficult to calculate craps true odds, the process is rather simple and straightforward. Keeping it easy, you should start by defining the total number of possible results, which in the case of craps is thirty-six because players use two dice.

As mentioned before, players have just one way to hit two and twelve – rolling one on each of the two dice for a 2, and hitting six on each dice for a 12. Thus, as we have a total of thirty-six combos and just one of these combos can be 2, the probability to roll two is one out of thirty-six. If we need to define this it terms of odds, this means that the odds are thirty-five to one. Then, there are two combos to throw 3, i.e. rolling one and two, or hitting two and one, meaning that the possibility to run 2 is two out of 36 or one out of 17. In odds, this means seventeen to one.

Now you are familiar with the basic math behind craps payouts and odds, and you know how to calculate the odds and the probabilities to win. Below we will discuss the house edge and its influence on the payouts for craps.

House Edge and Payouts for Craps

The term house edge defines the difference between the craps payouts that the casino pays and the craps true odds. Thus, in case a given gambling provides pays $30 for a $1 wager for rolling number two, the casino will have a profit as the true odds for this figure are 35:1. In the case of a break-even bet the casino should pay $35 and refund the dollar for the wager. However, if there are only break even bets, casinos would not be able to have any profits, and there would be no functioning gambling establishments.

Players should know the house edge and the craps odds payouts so that they can select better wagers, i.e. the bets with reduced house edge. It is essential for players to keep in mind that the house edge varies for the different types of bets.

How to Spot the Best Payouts for Craps

When a player is eager to play craps, they certainly wish to spot the best craps payouts and the most favourable odds. Typically, online casinos offer better odds, which means their craps pay outs are higher and players can win more cash than in offline gambling establishments. Online casino operators provide a great variety of games alongside with top craps odds and payouts, so gamblers have the chance to get significant cash winnings.

However, there are multiple casinos in the Internet and players may not be sure how to spot the best establishments and the most favourable craps odds payouts. There are some factors you need to consider before you select a new online casino to play craps.

Players should always choose reliable web casinos that offer full protection of individual details through a trusted encryption. The Internet gambling provider should offer a wide selection of games and mobile support so that players can find the most suitable options. Gamblers also need to check the payout percentages before they proceed to play. Get a close look at the craps true odds and craps payouts that the casino offers to avoid frustrating misunderstandings and headaches. It is essential to play at a casino that process payouts within a reasonable time frame, i.e. two or three days. Look for gambling providers that accept multiple payment alternatives, such as bank transfers, debit cards, checks, credit cards, and Internet wallets.

Now you may wonder why online casinos can offer better craps payouts than the traditional establishment. The explanation is simple – gambling operators who function on the Internet are not restricted to a particular place, and this allows them to provide any number of games. Thus, the range of featured games is huge and craps payouts are better in online casinos.

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In contrast, online casinos do not have the same restrictions, and this means they can offer more variations of a single game. Thus, while a live casino will pick one or two variants of blackjack (often based on their personal preferences), an internet gaming room will often have a variety of different games.

Traditional offline establishments may offer a restricted number of games and variations because they have limited space. Also, live casinos have to follow particular requirements enforced by the local gambling authorities, which may also affect the variety of games they offer.

Internet casinos do not have to comply with all these factors, so they have great freedom and can provide much better craps odds payouts to their players. Thus, if you are looking for a chance to win big cash playing craps, it is wiser to select an online establishment where the craps odds and payouts are much better.

Frequently Asked question About Craps Payouts

What is a good payout percentage?

For online casinos, favourable payout varies from ninety-seven percent and over. If you spot a rate ranging between 98 and 99, you have found the best payouts for craps on the Internet.

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What do we call a payout percentage?

The payout rate is the total sum of cash that players put in bets at a particular gambling operator that then the casino pays back to the gamblers in the shape of winnings. Naturally, if the percentage is bigger, the number of people who win will be higher than in the case of a lower ration. Plus, you have better chances to get out on top of the list of winners.

What are the highest craps payouts I can expect?

Players should always look for gambling operators that offer the highest possible payouts for craps. Any percentage over ninety-seven is good, but you can expect to get craps payouts as high as 98 to 99 in rare cases. Such returns would be outstanding and unquestionably deserve the attention of gamblers.

What is the time to process payouts for craps?

The time varies, starting as short as twenty-four hours up to ten days. The speed at which online casinos process payments depends on multiple factors, such as the payment option you use, the platform of the casino, and their payment policy. However, it should generally take between one or three days, so our recommendation is to select online casinos that manage to proceed craps payouts within this time frame.

Do casinos set a minimum sum that players have to withdraw?

Most online casinos fix such amount of payout, but this depends on the gambling provider and their conditions. However, even if there is a requirement for a minimal amount to withdraw, the sum will probably be little. It is a good idea to check the conditions of the casino before you start playing craps and need to withdraw your craps payouts.

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Will a withdrawal affect craps payouts?

Again, this depends on the individual casino and the payment option you use. Some of the acceptable payment options require more time to proceed your craps payouts while others are much faster. However, players should get familiar with these conditions and select the most suitable payment approach to withdrawing their payouts for craps.

Even though playing craps does not rely on some complicated strategy and luck plays an essential role in these games, it is crucial that players understand what craps odds and payouts are. Being able to calculate the craps payouts and knowing the math behind odds and probabilities to win gives you the chance to register a winning and to get significant cash when you play your top favored dice game. Hopefully, our comprehensive guidance in the field of payouts and odds is useful and will clear the situation for you, so that your play get even more fruitful and profitable.

Craps is one of the most popular dice games in the world, with a rich history that can be traced back to the Roman Empire. The dynamic pace of play and the wide range of betting options are what have caused craps to become an absolute staple in both online casinos and landbased gambling establishments.

Since craps relies heavily on chance and there is no way to affect the outcome of the dice toss, many inexperienced players wrongly assume craps is an easy game to play. This is not necessarily true as the sheer number of betting options will suffice to overwhelm any craps novice. While there is no way for players to predict the outcome of the dice with certainty, they can still turn up a good profit as long as they take the time to learn the bet types and the possible dice combinations. Understanding the house edge, the true odds, and the payouts certainly can work to the advantage of craps players.

Understanding the House Edge

Gambling establishments do not generate profits because the personnel manages to outplay the customers. The casinos’ profits result from the built-in advantage they have over their players. This built-in advantage is referred to as the “house edge” and is the key thing inexperienced players need to understand prior to joining the craps table.

All casino games are tilted in favor of the house as it utilizes the law of averages to gain its edge over the players. The house edge is typically expressed as a percentage and represents the average profit the casino collects from each wager the players make. Please note the house generates a profit on every single bet, regardless of whether it is a winning or a losing one.

As was mentioned earlier, there is a great number of bets you can place in craps. But what is more important, the house edge tends to fluctuate between the different bet types. On some craps bets, the house edge drops to zero while on others, the house’s advantage skyrockets to a two-digit figure. That is why, smart players choose bets with lower house edge which helps them to exploit the game and end their betting session on profit.

Let us demonstrate how the house edge works with an example. Bets on the Pass Line have a low edge of 1.41%. This means that for each $100 players wager on the Pass Line, the casino will collect an average of $1.41. Whether players win or lose is irrelevant – either way, they will lose $1.41 on average per every $100 they wager on the Pass Line. There are players who prefer to place Proposition bets because the latter have more substantial payouts. However, this is not always a good idea since the house edge for Proposition bets ranges between 5.56% and 16.67%.

Pass/Don’t Pass Line bets and Come/Don’t Come bets are considered a smarter option, especially for inexperienced players. The tilt in favor of the casino is smaller with such bets and the probability of the shooter rolling a winning dice combination for these bets is much greater. Because of this, such bets have lower payout ratio and pay even money.

Players, who wager on the Pass Line are allowed to lay or take odds on their bets. Once the shooter rolls his point, players can collect money on their Pass Line bets but will also be paid at true odds. This causes the house edge to drop to 0% and is the only instance in which the casino does not have an advantage over craps players. How winning bets are paid also influences the house edge. When paying out winning multiple-roll bets, the casino typically rounds the sum down to the nearest number.

Dice Combinations in Craps

In order to calculate the house edge on craps bets, players are required to acquaint themselves with the dice combinations and the probability of each number being rolled. As we know, craps is played with two dice and each die is a cube with six equal-sized sides. There are 11 possible outcomes of a two-die toss, namely 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12.

The number of possible combinations is calculated by multiplying the number of the sides of the two dice. Thus, we get 6 x 6 = 36, from which it follows there are 36 combinations that all will total one of the eleven outcomes we have listed above. You can check the dice combinations and the totals they add up to below.

It certainly is not difficult to notice there are more combinations for some of the outcomes. There are more ways for the shooter to roll out 7 than any other number as becomes evident by the diamond shape of the middle column. Since there are 6 combinations of the dice that total 7, the chances of this particular number being rolled are the greatest. This is yet another thing players need to consider carefully when deciding which types of bets to place at the craps table.

How to Calculate the House Edge in Craps

As craps is a negative expectation game, it is mathematically impossible for players to gain advantage over the house. The only exception is when players are taking or laying odds on their bets. However, understanding the probability of specific numbers being rolled and the house edge on different bet types is essential as it would enable players to make better-informed decisions when placing their bets.

The two dice used in the game of craps allow for a total of 11 outcomes with totals from 2 to 12. There are 36 different ways in which the shooter can roll these 11 outcomes. From this, it follows that the total of 3 can be rolled in two different ways meaning that the probability of this number being thrown is 2 to 36. Similarly, there are six different combinations that add up to seven, so the chances of throwing this number are 6 in 36. The probability of rolling any of the other numbers can be calculated in the same fashion.

Once players understand how to calculate probability, they can proceed to calculate the house edge. It would be best to provide an example to make things as clear as possible. The Craps 2 bet wins whenever a total of 2 comes up on the next roll of the dice. In other words, there are 35 ways to lose and a single way to win with this type of bet. If it wins, the payout will be 30 to 1. Since there are only two outcomes for this type of bets, win or lose, its expected value can be calculated in the following way: (1/36)x30 – (35/36) = -5/36 = -13.89%.

Other wagers, like the Any Craps bet, allow for more winning combinations. The Any Craps bet pays out 7 to 1 whenever numbers 2, 3 or 12 are rolled. There is one combination for number 2, two combinations that add up to number 3, and one combination that adds up to 12. Thus, there are 4 ways to win out of 36 possible combinations, so the probability of collecting a payout with this bet can be expressed like this: 4/36 = 1/9. This means that out of every nine Any Craps bets, one will win and the other eight will lose. The expected return for this bet can be expressed as follows: (4/36)x7 – (32/36) = -4/36 = -1/9 = -11.11%.

As you can see, the house edge in craps tends to fluctuate greatly depending on the type of bet you place. With some bet types where the outcome is determined by multiple rolls of the dice, calculating the built-in house advantage is a mean feat. Players, who experience difficulties performing such complex calculations, can try to learn the house edge of craps bets by heart.

Understanding the True Odds

You may have noticed there is a discrepancy between the probability of winning with specific bets and the way the winnings are paid out. This discrepancy is exactly what gives the house its edge. The house succeeds in maintaining an advantage over players by paying less for winning bets than the true odds would dictate. For instance, bets on the Pass Line pay even money and have the lowest house edge of 1.41% only, which means players will lose $1.40 on average per every $100 they wager at the craps table. Basically, the only exception to this rule is when free odds are taken or laid on the bet – in this case, the house holds no advantage over players because winnings are paid at true odds.

You may wonder why players persist in betting on craps when the game is obviously tilted against them. The truth of the matter is smart players exploit a phenomenon, called distribution variance, which is precisely what causes the hot and cold streaks when the dice are rolled repeatedly, because perfect, even distribution is something that occurs rarely, if ever, in nature.

Also, it is important to remember that it takes prolonged periods of time for the odds to balance out so that the house can make a profit. Thousands of hundreds of dice rolls are required for the odds to follow their natural path and maintain equilibrium. However, many players remain at the craps table for short periods of time only. It is precisely during these fleeting moments of time that variance creeps in and allows craps players to turn up a profit. At least, if they bet smartly, manage their bankroll properly, and understand the probabilities of winning with different types of bets.

The Payouts of Craps Bets

What causes confusion among inexperienced players is the overwhelming number of bets they can place at the craps table. Needless to say, as the probability of rolling out specific numbers varies, the payouts for different craps bets also differ. Since the chances of winning with bets on the Pass/Don’t Pass Line and Come/Don’t Come bets are the greatest, these wagers pay even money. The chances of winning with Proposition bets are smaller, so their payouts are more significant. You will be able to find the payouts and the house edge for all bets in craps in the table below.