Because craps is essentially a game of luck and odds the only
people who are really going to win in the long run are the casinos. However, it
is possible to make a little profit fairly regularly with some simple rules and
a lot of knowledge of the game. There are two schools of thought on how you
should play craps to win. One ideology is that you should aim to ‘hit and run’;
that is you play for the big odds wins and when you hit a winner you run away
and wait for another day, another table or another game. This theory only
really works if you watch the table for a while first and even then there is no
guarantee.
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Study the table – increase your odds.
The fact is that according to statistics and odds if you stick to one bet then
over a long period of time there is no way you can make a profit. Odds and
statistics also show that by betting on the long shots you are actually giving
yourself less of a return than by betting on the short odds bets. If you do bet
on one of the big odds outcomes you should study the table; watch a few hands
and wait for a period where your chosen bet wouldn’t have won. Statistically
speaking you’ve improved your chances of that bet winning next time.
The big craps odds routine
If you see a bet in any game that has a 5% chance of happening that means that
the true odds of that bet coming in are 20/1 but because the casino need to
make a little money for themselves they may only offer you 18/1. If you were to
place this bet 100 times you would on average have 5 winners but because the
pay out is only 18/1 you would receive 95 chips in return (90 chips winnings
plus your 5 stake returned) so you make a loss of 5 chips. However, if you were
to watch 20 games where the bet didn’t win without placing a stake before
betting on the next 100 then you would on average get 6 winners in those 100
bets. This gives you a return of 114 chips. Quite a difference and still quite
unlikely because with a 20/1 shot it is quite possible to go 100 games without
seeing the result you want at all.
Increased craps staking plan
The other school of thought is the low odds increased staking plan. By picking a
low odds bet and increasing your stake every time you win but lowering it when
you lose you will make money on winning streaks and cut your losses on the long
losing streaks.
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