I’m writing a series of blog posts about casino games and the good and bad strategies for playing those games.

Craps is one of my favorite casino games, so I’ve been looking forward to writing this one.

And the beautiful thing about craps is that it’s a game of pure chance. The best strategy is just to choose the bets with the lowest edge for the house and have fun.

Low Risk High Reward Business

But I’ll have some things to say about some of the strategies and systems that other writers promote, too.

Best case scenario is the numbers keep hitting so you can spread to different numbers or keep pressing. Its a low risk, possible high reward system. I usually play this until I am up $100 and then when the table turns cold I like to hammer the Don't. Luckily, the internet has made learning craps tips much easier. All you need to do is pull out your smartphone and google a simple phrase like “best craps strategy.” Unfortunately, some gamblers still go to the table without learning anything about the game. This is a huge mistake when considering that some craps bets feature high house edges. I'm going to suggest a low risk, high return strategy: Bet the passline without odds (odds don't make you win) + a 'feature bet' or 'exotic bet' (Firebet or small, tall, all) for no more than your passline bet. EXAMPLE #1 FIRE BET TABLE As an example, you are at a $25 table. Long guts is a low-risk, high-reward strangle that allows traders to maintain a bullish or bearish bias There are several options strategies that allow traders to use market volatility to their. The specific strategy that a player should use for craps depends on his goals and playing style. If he wants to minimize the house edge, extend his playing time and try to ‘grind out’ a profit he should target the bets with the lower house edge. Unfortunately, they all have relatively low payouts.

They’re mostly bad craps strategies.

Here’s the Only Craps Strategy You Need

When you’re dealing with an entirely random game – like craps – the only strategy that matters is choosing the bets with the lowest house edge and having fun.

The only decision you make in craps is what bet to place.

I’ll have something to say about shooters and whether they have control over the outcomes later in this post, but for now, let’s just agree that games like craps are purely chance.

In other games that are entirely random, like slot machines, you don’t even really need to decide which bet to place. It’s chosen for you before you sit down.

When playing craps for real money, you have a handful of good bets you can make, but most of the bets on the table are bad. Just skip the bad bets, and you’re all set.

The Bests Bets at the Craps Table

The best bets at the craps table are the pass line bet and the don’t pass bet.

The come and don’t come bets are also great wagers.

I always advise casino gamblers to try to limit their gambling to games where the house edge is lower than 2% — preferably 1.5% or lower.

The house edge for the pass and come bets is the same, 1.41%, which means they qualify.

The house edge for the don’t pass and don’t come bets is even lower, 1.36%, but the 0.05% isn’t worth worrying about. Most people prefer to root for the shooter to succeed.

The other bet to think about at the craps table is the odds bet. This is a bet you can only place after making one of the 4 bets I already mentioned and when the shooter has set a point.

This is one of the only bets in the casino that has no house edge. It’s a break-even bet, but it can be expensive.

It can also drive the effective house edge on the money you have in action down to almost nothing.

Here’s how that works.

How the Odds Bet Changes the House Edge for the Better

Low risk high reward hard ways craps strategy

If you’re betting on the pass line and the shooter sets a point, you can expect to lose $1.41 for every $100 you bet. That’s on average and in the long run.

If you’re playing at a casino that only allows you to place an odds bet at 1X the size of your pass line bet, you can put another $100 into action.

Your expected loss remains $1.41, though, which effectively cuts the house edge in half, from 1.41% to 0.71%.

If you’re able to bet 2X your original bet on the odds bet, you can lower that even further to 0.36%. (You have $300 in action, but your expected loss is still only $1.41.)

The more you’re able to bet on the odds bet, the lower the house edge for all the money you have in action becomes.

It’s clear why betting on the pass line and taking the most odds that you can is an effective strategy. With the odds bet, you can get the house edge in craps lower than 0.5% at least some of the time at the table, making it an even better game than blackjack.

And what’s more, you don’t have to memorize basic strategy to get the low house edge at craps.

You just need a big enough casino bankroll to make the right bets, and you need enough sense to avoid the bad bets at the table – of which there are many.

Any Strategy that Involves Placing ANY Other Bets at the Craps Table Is a BAD Craps Strategy

There’s a reason gambling experts measure bets according to their house edge. That’s because it’s the single best indicator of how good or bad a bet is.

The house edge is a statistical estimate of how much money you’ll lose as a percentage of your original bet over the long run.

If the house edge is 1.41%, the casino expects to win an average of $1.41 every time you bet $100.

If the house edge is 16.66%, the casino expects to win an average of $16.66 every time you bet $100.

Low Risk High Reward Investing

Which bet looks like the better bet for the casino?

And which one looks like the better bet for the gambler?

It shouldn’t be hard to make the distinction.

Most of the bets at the craps table have a house edge of over 9%, making these bets worse than roulette, which is a notoriously bad game for the player.

Even the best of the bad bets on the craps table are inferior to the 1.41% or 1.36% you can get from the pass, don’t pass, come, and don’t come bets.

And trust me on this:

You can have PLENTY of fun sticking with the basic bets at the craps table.

Betting Systems Where You Raise and Lower the Size of Your Bets Are Bad Strategies

The classic example of this kind of betting system is the Martingale System, where you double the size of your bets after each loss. When you do this repeatedly, you eventually win back the money you’ve lost along with a profit of one unit.

The problem with a system like the Martingale is that you’ll eventually run into a big enough losing streak that it will wipe out all those small profits and then some.

Most people underestimate how quickly a bet’s size gets when doubling after every loss.

They also overestimate how likely they are to avoid long losing streaks.

If you double a $5 bet once, that’s $10.

But if you run into a losing streak of 8 bets in a row, you’re looking at having to bet $640 to make up for your losses.

Also, every roll of the dice is an independent event. The odds don’t change based on how many times you’ve won or lost in a row.

You might think the probability of losing that 8^th bet is lower than the likelihood of losing the first one, but the truth is that the dice have no memory. They have the same 6 sides, no matter how many times you’ve lost in a row.

Each bet in craps is an independent event, and any betting system will assume that the odds are changing based on how many times in a row you’ve won or lost.

Money Management Strategies Don’t Hurt Anything, but They Won’t Improve Your Odds of Winning, Either

Money management strategies involve having strict gambling discipline about how much of

Low Risk High Reward Craps Strategy