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Are these craps bets good?

16 March 2011

Frank,

My wife and I have a new question. A local casino property in Eastern Washington State only allows 2x odds. They will allow 2.5 times odds on the 6 and 8 if you put out a six-dollar pass line bet. They will allow 15-dollar odds. This goes up as your pass line bet increases. Is this a good bet? I tried to do the math to compute the edge but my math skills have failed me. They also allow a $13 place bet on the 6 and 8 only. These seem to be good bets, but I wanted check with or someone at Golden Touch since you are the experts. What is your opinion?

All the best,
GP “Northwest Shooter”

Dear Northwest Shooter:

Being able to put $6 on a pass line bet and when a 6 or 8 is the point, then backing it with $15 in odds is a good deal ... except the casino is taking more money from you since you are betting more on the pass line. The odds bet is a break-even proposition so no matter how much you put in odds, the long-term expectation is zero. Now, the casino is going to make more money since you are also betting $6 on the other numbers when they are points. So as a $5 bettor, you have now become a bigger bettor with a potential for bigger losses.

If the $13 place bet only pays $14 or $15, it is not a good deal; but if it pays $16, it is a good deal ... but again you are now betting more money.

All the best in and out of the casinos!

Frank Scoblete

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Best of Frank Scoblete
Frank Scoblete

Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

> More Books By Frank Scoblete

Frank Scoblete
Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

> More Books By Frank Scoblete