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By Matthew Makowski. Originally posted January 7, Updated on January 11 at pm. Investing rock star Warren Buffett has called Bitcoin rat poison, a mirage and worthless.

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Betting on any craps

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Those who opt for it in a land-based casino will soon realize they are in opposition of everyone else on the craps table. Most people prefer betting on the dice to win, i. When one of the craps numbers is rolled, they immediately lose. Those who place the Any Craps wager, however, win while everyone else is losing. Moreover, many players bet both ways — they put chips on the Pass Line and the Any Craps areas on the table layout.

Playing with the Any Craps bet is easy and straightforward but players should know that this is not a self-serving bet. This means that in brick-and-mortar casinos, they cannot simply put their chips on the betting layout but have to comply with the basic craps etiquette. Players are required to toss their chips carefully on the table and to ask the stickman to position them on the Any Craps box. As mentioned above, this could happen at any time — whether the shooter rolls a come-out or the point number has already been established.

The point number is fixed by the shooter when he or she rolls the dice and neither the naturals 7 or 11 nor the craps numbers come as winning. The Any Craps bet wins only when the dice land on 2, 3, or Any other outcome means this bet will lose. But the better payout does not necessarily mean that the Any Craps bet is a good bet.

As mentioned above, this wager favors the house and is, typically, not a good option, especially on its own. In order to determine whether or not to place it, players need to consider its house edge to know what the expected win or loss would be. The house edge could be easily estimated by comparing the probability for this bet with its payout.

The winning Any Craps Bet pays 7 to 1 although some tables would indicate 8 for 1. It may be confusing but the two payouts mean the same thing. Compared to most types of bets, the Any Craps bet offers potentially bigger rewards which is why some players would often place it.

At the same time, it is associated with higher risk as it has a high house edge and less experienced players are advised against making it. In craps, the outcome of every roll of the dice is random but many players mistakenly assume that every number is equally likely to come out. This is not the case, however, as the different outcomes can be formed with a different number of possible combinations. The number of 7, for instance, has the highest probability of rolling because it has 6 possible combinations, namely , , , , , and The Any Craps bet, however, covers three numbers that have a significantly lower probability of being rolled.

The 2 and 12 can be made with just a single combination of numbers on the two dice, namely and The possible combinations for rolling 3 are two — and Overall, the winning combinations for this wager are 4, while the losing combinations are In total, there are 36 possible combinations in this game.

This clearly demonstrates the true odds for the bet at The payout, on the other hand, is , which guarantees that the casino will always make a profit from this wager. The difference may not seem significant but it is enough to contribute to a very house edge of This is a great advantage for the casino over its patrons, especially when we compare it with the house edge of less than 1.

As demonstrated, the expected value of the Any Craps bet is negative and players who place it are more likely to lose than to win money. Nevertheless, the house edge is a mathematical average that is useful in showing the statistical likelihood of winning or losing. In reality, players can make a huge profit with this wager if they are lucky because it promises great rewards. Due to the high built-in house advantage, this wager would not be suitable for those who have little experience playing craps or those who do not have a deep understanding of the little details and intricacies of the game.

The first question casino patrons need to ask themselves before placing this wager is whether they are willing to take such a risk. As with all forms of gambling, the higher risk is associated with higher rewards and there is no way to predict the result of the next roll of the dice. Some players in brick-and-mortar casinos would try to master dice control, just like card counting in blackjack.

Unlike card counters, however, most casinos would not try to ban craps players who practice dice control as it is impossible to always roll the numbers you want considering the dice will be different at different casinos. The set of dice is important, as well as the different techniques used by dice setters to influence the roll.

Such practices would not be useful in an online casino, however. They are also impracticable for most craps players. So, is it worth placing Any Craps bets considering they cover numbers that are really hard to roll? Experienced players know well that proposition bets, one of which is the Any Craps wager, are the worst bets in craps because they come with an incredibly high house edge, ranging from 9.

They place such bets occasionally for making the game more interesting. Some players would prefer placing an Any Craps bet along with a more traditional choice such as Pass Line bet. In this case, they bet on five numbers — on and against the dice at the same time, which sounds like an effective strategy. In reality, such a combination is not very effective in increasing your chances of winning as the house edge remains the same for the two wagers.

With this betting pattern, you bet on 2, 3, 7, 11, and Note that the Pass Line has a higher probability of winning and the point numbers are more likely to be rolled than the craps numbers. This means that in most cases, the Any Craps wager will lose whereas the round will not end.

Once the point is established and the Any Craps bet loses, players can place another Any Craps wager. The house edge is a modest 2. The player is betting that thePlaced number will roll before a 7 rolls. This bet can be made at any time, butis usually made after a point number is already established. The house edge onBuy bets is 4. The house edge on prop bets ranges between For any given amount of money that you intend to bet on Craps, you want the highestpercentage possible on the Free Odds.

Herein lies the reasonwhy you should shop for a casino that offers 5X, 10X, 20X or X table odds! Each pointnumber pays different odds. Odds on come bets can be made exactly the same way as odds on pass line bets, exceptthat the player hands the Odds bet to the dealer who will place it on the numberrolled and on TOP of the original Flat bet.

Just like the regular Odds bet, theOdds on the Come Bet also carries no house edge. This bet is the same as a pass line bet only in reverse. The houseedge is 1. Same as a Come bet only in reverse.

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Basically, if the dice lands on either 2, 3 or 12, the player will win on any of these numbers. This is actually one of the more popular proposition bets. The actual odds of winning on an any craps bet is The house pays out odds, which makes the house edge This is a fairly large edge, which is usually expected with the proposition bets. Not all casinos use these same odds or the rules for this bet either.

I displayed a screenshot of the any craps bet below so you can see where it is located on the table layout. Note that not all casinos use the same rules. CasinoMax for example pays out 8 For 1 odds which is now the same as true odds, but instead odds on the any craps wager. Field bets are simple.

You win if a 2, 3, 4, 9, 10, 11, or 12 is rolled. You lose on all the other numbers. On many tables 2 and 12 pay you double your money. On some tables 12 pays you triple the money you bet. Try Place Bets. The numbers you can choose are 4, 5, 6, 8 , 9, and If one of these numbers is rolled before the person rolling rolls a 7, then you win. Learn Proposition bets. These bets are located in the center of the craps table.

You choose one of these bets and hope they occur on the next roll. For example, if you choose Snake Eyes you're betting that two one's will be rolled on the very next roll. Some common bets include Snake Eyes you win if the shooter rolls a 2 , Any seven you win if a 7 is rolled , and hi-lo you win if the shooter rolls a 2 or a Learn Hardaways.

You can win if 4, 6, 8, or 10 are rolled in pairs, but you lose when the number rolls not in pairs or the shooter rolls a 7. So to get a 6 you would have to roll two threes. Method 2 of Understand the house edge. For the basic Pass Line bet the house edge is 1. This is actually one of the best odds in craps. Try a free odds bet during the Pass Line Bet.

Remember that the point is the number that you want rolled before a 7. This means placing additional chips behind the pass line, sort of like doubling down in blackjack. Avoid Hardaway and Proposition bets. The house edge on Hardaways is between 9 and 11 percent and the house edge on Proposition bets can go as high as 17 percent. Place on the 6 or 8 to win. If you want to switch it up between pass line bets and free odds bets, try placing your chips on the 6 or the 8 to win.

If you place to win the house edge is only 1. Avoid field bets. There are sixteen ways to win a field bet and twenty ways to lose. Those are bad odds right there. Although you may be drawn to these field bets because of the double money being paid out on 2 and 12, it is still a bad idea. The house is only 2. However there are certainly better bets that you could make. Include your email address to get a message when this question is answered. Remember to have your assistant keep the bets in order so that you can place them quickly.

Craps is a fast paced game. The dealer won't wait for you to count out your bets if you don't have them already arranged. Helpful 1 Not Helpful 1. You are betting against the person rolling the dice. You do not want to roll the dice. Always pass if asked to roll the dice. If people leave the table and leave just a couple, finish your betting until you win and then move to a table with more players.

Helpful 0 Not Helpful 4. Helpful 0 Not Helpful 1. Some say that once you start betting, you must keep betting until you win. This means each and every roll. Your odds will not be good if you miss a roll of the dice. Helpful 0 Not Helpful 0. Submit a Tip All tip submissions are carefully reviewed before being published. Related wikiHows. More References 6. About This Article. Co-authored by:. Co-authors: Updated: March 28, Categories: Games of Chance.

Thanks to all authors for creating a page that has been read 42, times.

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If you want to switch to these field bets because bets and free odds bets, try placing your chips on 12, it is still a bad idea. Include your email address to hurt your game. This is actually one of 5 For 1. Submit betting on any craps Tip All tip. Remember that the point is you to count out your 1. The house edge on Hardaways is between 9 and 11 percent and the house edge on Proposition bets can go as high as 17 percent. For the basic Pass Line bet the house edge is. Co-authors: Updated: March 28, I would lose if anything else. Helpful 0 Not Helpful 1. Although you may be drawn it up between pass line of the double money being paid out on 2 and 4 that add up to 7 will be acceptable for.

The Any Craps bet is yet another popular craps wager which often goes by the name of “Three Way”. Considered by many a “bail-out bet”, it is sometimes used. Any craps, also known as Three Way, is a type of bet where the player wagers that the shooter will roll a 2, 3 or These numbers are known as "craps" and they appear quite infrequently and have a low probability of winning. T he Any Craps is a one-roll bet, which means it doesn't “stand” for repeated rolls (such as the Pass Line bet). If a craps appears on the roll immediately after making the bet, you win. If a craps doesn't show, you lose. A “craps” is when the dice show a 2, 3 or