Monday, April 21st, 2014

Avoid the Sucker Bets

All casino games are designed for you to lose your hard earned cash and craps is no different. The good thing with craps though is that you can work down the house edge to less than 1% if using proper strategy and reading our article on how to take advantage of the free odds bet.

But the craps table isn’t all good news and if you are new to the game then you might be tempted to play some of the bets that are featured in the middle of the table. If you are thinking of playing any of the middle games then we have only one advice for you, DON’T. Bets like the Big 6 and Big 8, Place bets, buy bets and other props that can be found at the middle of the table are pure sucker bets and it will definitely not win you any money in the long run, to be honest you are not likely to win on those bets in the short run either. In this article we will go over some of the worst bets on the craps table so that you know what to avoid next time your are playing real money craps online.

Only Suckers Bet the Big 6 and Big 8

At a first glance the Big 6 or 8 might seem like a good proposition to you, and it’s also very close to the pass-line which makes it like even more attractive. When betting on the Big 6 or 8 you are betting for a 6 or an 8 to be rolled before a 7, it seems simple enough but we can assure you that this is a true sucker bet. A bet on this prop will only pay you even money when you win while it has a huge house edge of 9.1%. Now that doesn’t seem fair does it? That’s because it isn’t and this bet should be avoided. Just to explain how bad this bet really is we will put it this way, for every $1000 you bet on the Big 6 or 8 you will lose $91. Compare that number to the less than $10 you would lose when betting the pass-line with proper craps strategy and you will see that it’s a real sucker bet.

The verdict: It might be fun to have some extra action running on a bet like this but if you are looking to win money by playing craps you should stay away from this wager.

Never Put Money on the Place Bets (Unless you are a sucker)

When making a place bet you are putting your money on one or more of the numbers 4, 5, 6, 8, 9, and/or 10. If you have ever been at a craps table in Las Vegas you have probably seen the suckers covering all the points with their place bets hoping that the shooter will go on a major hot streak and not crap out for the next 100 rolls or so. You have probably seen these same people swearing at the shooter when he craps out on the very first point roll and all their wagers are lost. But the fact is that the shooter shouldn’t have any of the blame here, these people were losers even before the first roll. Let me explain why that is.

The house edge on the place bets vary between the different numbers so let me break down the numbers for you.

The house edge on a 5 or 9 is 4% and on a 4 or 10 it is slightly higher at 6.67%.

Below you can see the payouts for a place bet:

  • When betting the 4 or 10 the place bet pays 9 to 5.
  • When betting the 5 or 9 the place bet pays 7 to 5.
  • When betting the 6 or 8 the place bet pays 7 to 6.

The Verdict: The place bet offers terrible odds for you as a player, don’t join the other suckers at the table. Stay away from the place bets!