The Free Odds bet has some weird payouts. You get paid 2:1on a point of 4 or 10, 3:2 on a point of 5 or 9, and 6:5 on a point of 6 or 8.
To make the payouts simpler, some casinos are now offering 3-4-5x Odds, in whichthe payout is always seven times the amount of the Pass or Come wager, assumingthe player takes the maximum odds. But in order to simply the payout they had tomake the wagering more complicated. The maximum for your Free Odds bet depends onthe point: 3x on the 4 or 10, 4x on the 5 or 9, and 5x on the 6 or 8. Are 3-4-5Odds good or bad? It depends on how you play:
Pass / Come Free Odds Bet This is the most powerful bet in all of craps. In order to play the free odds bet, you must have wagered on the pass line bet or the come bet. If the shooter has not rolled a craps number (2, 3, or 12) or a 7 or 11, then there must be a point number established (4, 5, 6, 8, 9, or 10). The odds bet is the best bet you can make in the game of craps, because the house has no built-in advantage. Free odds bets are paid back at true odds, so when you’re making these bets the casino has no house edge whatsoever, it’s an even game!
- If you don’t take the maximum odds when you play then you’re throwing yourmoney away anyway and it doesn’t matter what table odds the casino offers.
- If you take full odds and normally play at a table with single, double, or 3xodds, then 3-4-5x odds will give you a lower house edge.
- If you take full odds and normally play at a 5x table, then 3-4-5x givesyou pretty much the same game. The 3-4-5x odds are just a tiny amount worse than5x odds (0.374%, compared to 0.326% for a 5x table), but your expected hourly lossis identical. (You have the same 1.41% edge on the $5 Pass Line bet either way,and there’s no edge on the Free Odds bet.)
- If you take full odds and normally play at a 10x or better table, then playingat a 3-4-5X table will give you a worse game.
Most casinos allow craps players to place 2x odds bets in support of Pass/Don’t Pass or Come/Don’t Come bets. In such cases, if you put $5 on the Pass Line, you can place an odds bet of $10 as soon as the point has been established. Some casinos allow 3x odds bets (for a maximum wager of $15) or 5x odds bets (for a maximum wager of $25). Odds Craps Bets. Now that you are familiar with the four most essential bets in the dice game, we will describe the other types of wagers, so that you will be able to establish your craps betting strategy. Odds wagers resemble side bets, and players make them after the establishment of a point in each game. Warning: betting increments on the place bets are different from the proper betting increments on the odds bets. The following are the payouts for each point Place bet on 4 or 10. Any increment of $5; If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better of ‘buying’ the 4 or 10. Place bet on 5 or 9.
See our artice on the Free Odds bet to find out the houseedge for various levels of table odds.
Origins of 3-4-5X Odds
Reliable sources (a boxman and floorman at Bally’s) tell us that 3-4-5X odds wasthe idea of a high-rolling player named Stanley L., sometime around the early 90’s.(We believe we know his last name but decline to reveal it for the sake of privacy.)Because he was a high roller, one side of a table that was reserved solely for hisplay. As Stanley was strictly a Pass Line and Come player, he convinced the crapspit at Bally’s to allow him to use the 3-4-5X odds as it was easier for him to understandthe pay offs on wins, since every win meant the same payout — seven times the flatbet on wins where full free odds were taken. What we don’t know is what the originaltable odds were. That is, did the casino raise the odds from 2X upward orreduce from 5X downward?
What ever happened to Stanley L.? It was stated that he ran up over a million dollarsin markers and was never seen again.
by Michael Bluejay | Special for NextShooter.com
If there’s one thing you learn from this site, the Boneman hopes it’s that you shouldput as much of your craps money on the Free Odds bet as possible. Let’ssee what the Free Odds bet is, and why the Boneman is so insistent that you favorit over most of the other bets.
The House Edge
To understand why the Free Odds bet is so important you first have to understandthe house edge. The house edge is the casino’s average profit on any bet.In craps, the house edge on the Pass Line bet is 1.41%. That means that for every$5 wager on the Pass Line, the casino will keep seven cents as profit on average.($5 x 1.41% = $0.07) This doesn’t mean on a single wager the casino will keep $0.07and pay you back $4.93. The house edge is the mathematical average for thelong run. If you made $1,000,000 in Pass Line wagers, $5 at a time, by the end you’dprobably have lost around $14,100, or 1.41% of what you wagered.
Different bets carry a different house edge. The 1.41% for the Pass Line bet ispretty low for a casino game, and is one of the best bets in the casino. The houseedge on roulette is around 5% and slots are often 7-8% or more. Even in craps thereare sucker bets with a high house edge, such as Hardways (9-11%) and the Propositionbets (up to 17%). When you gamble it’s important to seek out the bets with the lowesthouse edge, because you’ll lose less money that way and have a greater chance ofwinning.
The Free Odds Bet
The Free Odds bet carries no house edge. The casino makes no profit on thisbet. This is the only bet you can make on a table game where the odds aren’t againstyou. How can the casino make this bet available when they don’t make any money onit? Simple: Most players aren’t smart enough to make this bet. If all craps players made Free Odds bets and avoided the other bets, the casinowouldn’t be able to offer craps!
How it works
Of course the Free Odds bet isn’t totally free. You have to make a flat bet(Pass, Don’t Pass, Come, or Don’t Come) before you can make the Free Odds bet. Let’ssee how it works with a Pass Line bet. You make a Pass Line bet, and the shooterrolls a number to establish a point (4,5,6,8,9, or 10). Now you can make a FreeOdds bet, by putting your chip(s) below (due South) of your Pass Line bet. It’skind of like doubling down in blackjack. Now if the shooter rolls the point again,you not only win your Pass Line bet, you also win the Odds bet.
The reason there’s no house edge on the Free Odds bet is that winning bets are paidat true odds. If there’s a 2-to-1 chance of your winningthe bet, then a winning bet is also paid 2-to-1. The way the casino makes its profiton all other bets in the casino is by paying less than true odds.
The true odds varies according to the point, and so the payoff varies as well. Here’show much a winning Free Odds bet is paid depending on the point.
| The Point | Payout | Example |
| 4 and 10 | 2 to 1 | a $5 wager is paid $10 |
| 5 and 9 | 3 to 2 | a $5 wager is paid $7* |
| 6 and 8 | 6 to 5 | a $5 wager is paid $6 |
| * Rounded DOWN from $7.50 on a Strip table layout. “Downtown” layout might pay actualratio of a full $7.50. Strip table layouts do not handle 50-cent pieces. | ||
Craps Odds Bet Odds
Multiple Odds
The amount you can bet on the Free Odds varies from casino to casino, and is postedon a sign on the table. It’s always some multiple of the Pass Line bet. On a tablewith Double Odds you can bet twice as much on the Odds as on your Pass Line bet.(If you made a $5 bet on the Pass, you could bet $10 on the Odds.) Since the Oddsbet carries no house edge, it pays to seek out casinos that offer the maximum oddspossible. In Vegas you can get better odds downtown vs the strip; many downtowncasinos offer 10x Odds, or even better. The exception on the strip is the Casino Royale, which offers an amazing 100x Odds on craps. The Free Odds bethas the effect of diluting the edge of the flat bet you have to make before youcan make the Odds bet. Here’s the overall house edge for the flat bet plus the maximumOdds bet.
| House Advantage when you take the Odds | ||
| Table Odds Taken | Pass Line | Don’t Pass |
| 0x | 1.41% | 1.36% |
| 1x | 0.848% | 0.682% |
| 2x | 0.606% | 0.455% |
| Full Double Odds | 0.572% | 0.431% |
| 3x | 0.471% | 0.341% |
| 3-4-5X | 0.374% | 0.273% |
| 5x | 0.326% | 0.227% |
| 10x | 0.184% | 0.124% |
| 20x | 0.099% | 0.065% |
| 100x | 0.021% | 0.014% |
With Full Double Odds means the player can take 2.5x odds on a point of 6 or 8,and 2x on the other points. 3-4-5X Odds means the player can take 3X on the 4 and10, 4X on the 5 and 9, and 5X on the 6 and 8. If the player takes the maximum oddsthen the payoff will conveniently be seven times the pass or come bet. (See ourseparate article about 3-4-5 odds
Craps Better Odds Than Blackjack
Laying Odds
Craps Come Bet Odds
The Free Odds bet works differently if you’re betting the Don’t Pass or Don’t Comeinstead of the Pass or Come. With the Pass or Come you bet a smaller amount to wina bigger amount. On the Don’t side it’s the opposite: you lay a larger betin order to win a smaller bet. For example, on a point of 4, instead of betting$5 to win $10, you lay $10 to win $5. The bet is still paid at true odds and carriesno house edge, it’s just made and paid in reverse. That’s because once a point hasbeen made you’re the favorite to win, since a 7 is more likely to be rolled thanthe point, so when you do win you’re paid less.
Craps Odds Bets Explained
When the Free Odds bet doesn’t help
There’s a subtlety of the Odds bet that’s important to understand. Let’s say youmade a $10 Pass Line bet, and a point has been made. Now you have the opportunityto make a Free Odds bet. However, if you make the Odds bet it won’t increase yourchances of winning, and your expected loss will be the same whether you make theOdds bet or not: 1.41% of your $10 Pass Line bet. So if making the Free Odds betdoesn’t increase your chances of winning, and doesn’t decrease your expected loss,why would you make it?
To answer this question we have to back up a bit. The Free Odds bet is a good dealwhen you put money on it that you were going to bet anyway. If you wantedto bet about $10 per round, then you’ll get a better deal by betting $2 on the PassLine and $10 on the Odds (on a 5x table), vs. betting the $10 on the Pass Line andtaking no odds. With no odds your expected loss is $10 x 1.41% = $0.14 per roll.But by putting $2 on the Pass Line and $10 on the Odds, your expected loss is only$12 x 0.326% = $0.04. Your expected loss is smaller, and you have a greater chanceof walking away a winner. So, for whatever amount you want to bet per round,get as much of it on the Free Odds as possible! This is the single most importantthing to know about playing craps.