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If you were to play craps, the best strategy and also the best bet would be the pass line bet on the come out roll. The house edge on this is only 1.41%. Many of the bets other than the pass line bet offer much worse odds. So, if you are new to this game, or if you hope to minimize the risk, it is best to bet on the pass line bet.

The best in a craps game after the come out roll is the odds bet. Once a point is made by the come out roll, players can make another bet that's a multiple of their pass line bet. The multiple varies for each casino, but a 2X is quite a common sight these days.

The best thing about odds bet is that it really pays out at true odds. Which is in other words, the house has absolutely a 0 edge on the odds bet, and therefore you should always take the odds bet.

If you are even able to locate a casino which offers a 100X odds on this bet, you can actually get the house edge to reduce to a mere 0.02%, this is as good as saying that you are waving at money at the game table!

Bad Craps Bets

Even though the odds bet and the pass and don't pass bets do really have low house edges, some other bets at the table offer even much terrible odds. Take for example the 'Big Six', the house edge on this particular bet is a low 9.1%. (A "Big Six" bet is a bet that a six will be rolled before a seven.) But with such a low percentage of 9.1%, this house edge is even much worse than the edge on a roulette game. These are definitely odds that you would not want to bet on.

The "Big 8" bet is equally bad as the 'Big Six' bet as it also offers a 9.1% house edge. Avoiding the 'Big 8' bet and the 'Big 6' bet is definitely the wisest thing to do while playing craps.

Well, there are more bets that can equal those of 'Big 8' and 'Big 6'. And that is the 'Hard 4' and the 'Hard 10' bets. Both "Hard 4" and "Hard 10" bets offer a house edge of 11%+, and that is twice as bad as a normal roulette bet. And the roulette is the one offering one of the lowest house edges available in the casino. Let me give you a great tip on craps: Avoid betting on the 4 bets that I have mentioned above.

Not so fast. There are more bad odds to be found on the table. These odds can be found on the craps table in a form of a proposition bet. This preposition bet is a bet that something might happen in the very next roll. (Usually, bets ride until the round is over.) Proposition bets that a 2 or 12 might be rolled on the very next game offers the worst odds at the table. The house edge on this bet is a high 13.9% on these bets. If you feel particularly rich and feel like spending your money fast, this is the best way to while them away.