The game of craps has garnered a reputation for offering some of the best odds out of all online casino games. Unless you successfully apply a basic strategy at a game of online blackjack or you count cards, you cannot beat the Pass or the Don’t Pass lines with odds for a bet at the casino. Read on to learn more.
What is a house edge?
Learning what a house edge is one of the most important things you need to know by heart to understand the game of not only craps but every other casino game available. The truth is that the income of a casino is generated by the house edge, which is also known as the house advantage. In short, online casinos make money from building an advantage that allows them to beat the players.
So for casinos to make a profit, all casino games use a law of averages, in which they have an advantage made up of a percentage that gives them a chance of beating the player in the long run. Knowing which games to play that have the lowest house edge is one of the key factors that can help you secure a profit.
How to calculate the house edge?
Before we kick off on how to calculate the house advantage, you need to know how probable an outcome would be. When it comes to a game of online crap, there is a total of 11 outcomes that equal to totals from 2 to 12. These outcomes can be achieved in 36 ways. The probability of a certain outcome of the roll can be quickly calculated which makes it quite easy for players to know which numbers are most likely to turn up.
Once you know the calculating probabilities, you need to consider the payouts. In general, the payment for any bet in this game is 7:1. After that, you need to calculate the house edge.
The probability of winning in a series of 9 bets is a low 1:9, which means that you will win 1 and lose another 8 bets, out of 9 wagers placed.
Online craps Paytable
Luckily for you, we have created a handy guide that reveals the house edge for each bet, the odds as well as the payout. Take a look at the below chart to see the types of bets available at a game of online craps. Next time you play, try to keep your bets in the 5% or lower area to make sure you have the best chance to beat the game. Trust us on this one! It will save you lots of money and probably win more.