Craps

Hi Class,

This edition we’ll be looking at the famous game of Craps.

Barbara L writes, “I think that Craps is a great game but I seem not to be able to control my bets… any advice Mike?”

Well Barbara I have done the following research, both practical and theoretical, and I have come up with these tips on Craps play. These tips have been developed over the years by some of the best Craps players and now I am happy to share them with you.

As Craps is such a fast paced and noisy game offline, many players get entangled in the excitement and don’t monitor just how much cash they place on the table. My first tip is to be aware of how much money you have in hand and on the table. Always remember that there is no need to place a bet just because you have the option to do so.

Bets, and there are so many variations on a Craps table, range from those with a stronger house advantage to those with a lesser advantage for the house. It pays to research the best odds in advance.

Therefore, my next tip is to start with easier bets like the ‘Pass Line’ bets and back them up with the ‘Odds’ bets. There are very low house advantages on these bets, (0% on odds bets) and although the payout is not the largest, your bankroll may add up significantly. As you become more comfortable, start placing more bets. But it’s prudent to have no more than three bets 'riding' at the same time.

Although ‘Proposition’ bets’ (or as I call them, ‘The Craps Teasers’) payouts are high, be aware that the odds of winning such combinations are not as high as bets with smaller payouts. Be sure to spread and vary your bets and you may improve your bankroll dramatically.

I hope that these tips will help you win more and have lasting fun at the great game of Craps.

With that we have reached to the end of our gambling school for March……

Until we meet again,
Play well, Bet smart and Win!