If you insist on making place bets on the 6 or 8, at least max your odds on the point of 6 or 8 before making a place bet. I’ve seen many players decline max odds, and instead place bet the opposite number. For example, if the point is 6, they will take less than max odds on the 6, and then load up place bets on the 8. Pass Bets: paying 1/1 with just a 1.41% house edge, this is a staple of all good craps strategies. Place Bet: 6 or 8, paying just over 1/1 at 7/6. The house edge is just 1.52%. Pass Line: 4 or 10, pays 2/1 with a house edge of 4.76%. Why choose this bet in craps?
One argument that comes up a lot is how to quantify the house edge in craps. Grandwest casino ice skating times. Normally the house edge is defined as the ratio of expected loss to the initial bet. However, how do you treat bets, like the place bet for example, when many rolls may be required to resolve the bet and the player can take it down anytime? Is it a push or should we assume the bet will stay on the table until resolved?
Personally, I prefer to define the house edge in craps on a 'per bet resolved' basis. However, for those who disagree, I present this page, which defines the house edge all three ways.
The following table shows the house edge of all the bets in craps which may take multiple rolls to resolve. The house edge is shown three ways: per bet made, per bet resolved, and per roll.
Craps House Edge
|Bet||Pays||Expected Rolls||House Edge|
Per Bet Made
Per Bet Resolved
|Pass||1 to 1||3.38||1.41%||1.41%||0.42%|
|Don't Pass||1 to 1||3.47||1.36%||1.40%||0.40%|
|Taking Odds 6 and 8||6 to 5||3.27||0.00%||0.00%||0.00%|
|Taking Odds 5 and 9||3 to 2||3.60||0.00%||0.00%||0.00%|
|Taking Odds 4 and 10||2 to 1||4.00||0.00%||0.00%||0.00%|
|Laying Odds 6 and 8||5 to 6||3.27||0.00%||0.00%||0.00%|
|Laying Odds 5 and 9||2 to 3||3.60||0.00%||0.00%||0.00%|
|Laying Odds 4 and 10||1 to 2||4.00||0.00%||0.00%||0.00%|
|Place 6 and 8||7 to 6||3.27||0.46%||1.52%||0.46%|
|Place 5 and 9||7 to 5||3.60||1.11%||4.00%||1.11%|
|Place 4 and 10||9 to 5||4.00||1.67%||6.67%||1.67%|
|Big 6 and 8||1 to 1||3.27||2.78%||9.09%||2.78%|
|Don't Place 6 and 8||4 to 5||3.27||0.56%||1.82%||0.56%|
|Don't Place 5 and 9||5 to 8||3.60||0.69%||2.50%||0.69%|
|Don't Place 4 and 10||5 to 11||4.00||0.76%||3.03%||0.76%|
|Buy 6 and 8 *||23 to 21||3.27||1.46%||4.76%||1.46%|
|Buy 5 and 9 *||29 to 21||3.60||1.32%||4.76%||1.32%|
|Buy 4 and 10 *||39 to 21||4.00||1.19%||4.76%||1.19%|
|Buy 6 and 8 **||23 to 20||3.27||0.69%||2.27%||0.69%|
|Buy 5 and 9 **||29 to 20||3.60||0.56%||2.00%||0.56%|
|Buy 4 and 10 **||39 to 20||4.00||0.42%||1.67%||0.42%|
|Lay 6 and 8 *||19 to 25||3.27||1.22%||4.00%||1.22%|
|Lay 5 and 9 *||19 to 31||3.60||0.90%||3.23%||0.90%|
|Lay 4 and 10 *||19 to 41||4.00||0.61%||2.44%||0.61%|
|Lay 6 and 8 **||19 to 24||3.27||0.69%||2.27%||0.69%|
|Lay 5 and 9 **||19 to 30||3.60||0.56%||2.00%||0.56%|
|Lay 4 and 10 **||19 to 40||4.00||0.42%||1.67%||0.42%|
|Hard 6 and 8 (US)||9 to 1||3.27||2.78%||9.09%||2.78%|
|Hard 6 and 8 (AU)||19 to 2||3.60||1.39%||4.55%||1.26%|
|Hard 4 and 10 (US)||7 to 1||4.00||2.78%||11.11%||2.78%|
|Hard 4 and 10 (AU)||15 to 2||4.00||1.39%||5.56%||1.39%|
* Commission always paid
** Commission on win only
AU Australia rules
US United States rules
Craps Place Bet 6 And 8 Odds
Craps Place Bet 6 And 8 X 10
Let me add two more things, based on frequent reader comments:
- Some of these bets may not exist anywhere on earth. For example, I've never seen a casino with buy bets on a 5, 6, 8, and 9 where the commission was payable on a win only. Nevertheless, I don't know the rules of every craps table on earth. I also know that if I omit such bets, somebody will write in and take me to task for the omission.
- The table above assumes wins are calculated exactly. In other words, no rounding up or down. Let me make it perfectly clear that you can lower the house edge if the dealers will round a win up or a commission down. A common one is a 5% commission on a $25 bet is $1.25. If the casino rounds that down to $1, then that cuts the commission to 4%. Finding other situations is an exercise left up to the reader.
The following table shows the house edge of all the bets in craps which are always resolved in a single roll, except the field. Thus, there can be only one way to define the house edge.
Craps House Edge
|2, 12, and all 'hard' hop bets||33||2.78%||5.56%|
|2, 12, and all 'hard' hop bets||32||2.78%||8.33%|
|2, 12, and all 'hard' hop bets||31||2.78%||11.11%|
|2, 12, and all 'hard' hop bets||30||2.78%||13.89%|
|2, 12, and all 'hard' hop bets||29||2.78%||16.67%|
|3, 11, and all 'easy' hop bets||16||5.56%||5.56%|
|3, 11, and all 'easy' hop bets||15||5.56%||11.11%|
|3, 11, and all 'easy' hop bets||14||5.56%||16.67%|
|Any craps (2, 3, or 12)||7||11.11%||11.11%|
|Any craps (2, 3, or 12)||7.5||11.11%||5.56%|
|Any seven (US)||4||16.67%||16.67%|
|Any seven (AU)||4.5||16.67%||8.33%|
- If the field bet pays 2 to 1 on both the 2 and 12, then the house edge is 5.56%.
- If the field bet pays 2 to 1 on the 2 and 3 to 1 on the 12, then the house edge is 2.78%.
- If the field bet pays 3 to 1 on the 2 and 2 to 1 on the 12, then the house edge is 2.78%.
- If the field bet pays 3 to 1 on both the 2 and 12, then the house edge is 0.00%.
- How the house edge for each bet is derived, in brief.
- The house edge of all the major bets on both a per-bet made and per-roll basis
- Dice Control Experiments. The results of two experiments on skillful dice throwing.
- Dice Control Advantage. The player advantage, assuming he can influence the dice.
- Craps variants. Alternative rules and bets such as the Fire Bet, Crapless Craps, and Card Craps.
- California craps. How craps is played in California using playing cards.
- Play Craps. Craps game using cards at the Viejas casino in San Diego.
- Number of Rolls Table. Probability of a shooter lasting 1 to 200 rolls before a seven-out.
- Ask the Wizard. See craps questions I've answered about:
- Simple Craps game. My simple Java craps game.
Written by: Michael Shackleford
How to win at Craps with Place Bets on 6 & 8 only.
Today we continuing our recent series on craps betting strategies. We’ve already talked about two unique systems, or betting patterns, known as the 3 Point Molly and the Iron Cross. This time we’ll take a look at a cheaper craps system that offers similar odds of winning.
In short, the object is to set equal wagers on Place 6 and Place 8. At a table with $5 minimums, it will cost as little as $12 to set up ($6 per bet). You won’t be tossing out another $12 per roll, either. Best of all, it offers a house edge of just 1.52%; worse than strategy-based blackjack, but far better than roulette, and similar to baccarat.
That is, of course, the simple explanation. Keep reading to find out why this is one of the better ways to safely manage your bankroll, and ensure maximum entertainment for your wagering dollars.
How to Win at Craps with Place Bets on 6 & 8
Place Bets are wagers that can be made on a specific number. They’re often referred to as Point or Box numbers, because they’re the only numbers that can be established as a point on the shooter’s come out roll. They include 4, 5, 6, 8, 9 and 10.
The odds associated with each Place Bet number varies. The following chart shows the true odds, payout, and resulting house edge for each. Examine closely, and you’ll see why Place Bets on 6 and 8 are the only viable options for this craps betting strategy.
|Roll||True Odds||Payout||House Edge|
Lowest House Edge on 6 and 8
Because the 6 and 8 payout closest to the true odds, they offer the lowest house edge of 1.52% All other Place Bets present terrible odds of 4% to 6.67%. As every gambler knows, the lower the edge, the better the chance of winning.
6-Unit Increments Only!
The chart also shows why we must place these wagers in increments of $6. Place Bets on 6 and 8 pay 7-to-6, meaning for every 6 units wagered, a win will pay 7 units. If you were to place a $5 wager, you would get only $5 in return since the boxman rounds payouts to the nearest dollar. Suffice to say, $6 bets are critical to the value of this strategy.
Place Bets Ride It Out
Unlike Field Bets, which last for a single roll, Place Bets remain on the table until the shooter craps out (rolls a 7). If the shooter rolls a 3, a 9, a 5, another 3, a 12, a 4, a pair of 10s and then finally rolls an 8, you still win. All of those previous rolls mean nothing. Your bet is never removed unless a 7 rolls, in which case you lose them both.
Even when you win on 6 or 8, the bet stays in play. You will receive the winnings, but the bet doesn’t come down until a 7 is rolled, or you tell the boxman to remove it (your bet is returned).
Odds of Crapping Out
Last but not least, let’s take a look at the odds of rolling a 6 or 8, versus crapping out with a 7.
- 6: The odds of rolling a 6 are 13.89%
- 7: The odds of rolling a 7 are 16.67%
- 8: The odds of rolling an 8 are 13.89%
Technically, the 7 has the higher odds of rolling. However, since you’re betting on 6 and 8, you combine these odds for a 27.78% chance of winning, versus 16.67% chance of losing. That leaves a 55.55% chance of any other number rolling (i.e. nothing happens).
While that sounds like incredible odds, let’s remember each win brings you a 7-unit payout, while each loss results in a 12-unit decline. Thus, all in all, you have a 1.52% house edge to compete with, which comes out to a negative expectation of $1.52 per $100, or a loss of $0.18 per $12.
As always, the casino has the advantage, so you can’t expect every time that you’ll win at craps with Place Bets on 6 and 8. But expecting to lose $0.18 each time the shooter craps out offers a whole lot of entertainment value on a budget bankroll. With a little luck and responsibility on your part (i.e. knowing when to walk away), you just might come away with some extra change in your pocket!
#1 Canadian-Friendly Casino for 2020
Royal Vegas is our editorial pick for safe Canadian gaming. Currently offering a good range of Canadian deposit options, everything from prepaid gift cards, to eCheck, instadebit and visa/mastercard. That, and a world-class gaming experience, with countless table games, strong variety, and even live dealers. The brand has been in the business for a decade long.