Differentiating a Good Craps Wager from a Bad Craps Wager
Some of the wagers that you need to remember in craps are 1st, the Place Wagers. The Place Wagers are the last of the small percentage wagers is putting down of the six and eight which can be accomplished anytime that you want. You will just simply put a bet in multiples of $6 dollars each. You will accomplish this by placing the wager down on the layout and announcing to the dealer "Place the six and eight for six dollars each" or "Place the six and eight for $6 dollars".
The casino dealer will then get your chips and put them directly on the numbers. The casino will then reward a winning wager at "casino probabilities" of 7 for every $6 dollars wagered on the game. The casino advantage on this wager is 1.52% because the real payout is $7.20 dollars for $6 dollars, not $7 dollars. You can put down any number you like and you can call the wager off or get it down anytime that is convenient to you. This is not allowed with the Pass or Do Not Come Wagers.
You can also put down the four and ten, five and nine, but these wagers come in with a very big casino edge. The Place Wager of the four or ten has a 6.67% casino edge. The Place Wager of the five or nine has a 4% casino edge. 2nd, buying the digits. Most casino facilities will allow gamblers to buy the four or ten by shelling out a commission of 5%. So if you want to wager twenty dollars on the four or ten, you put the wager down plus a single dollar commission.
If you do manage to win, you will receive forty dollars for your twenty dollars wager. But if you had put the four or ten, you will be only given thirty six dollars. But now players can now bought the four and ten for $35 dollars still paying that $1 dollars commission. This scales down the casino edge to 2.78% from the previous casino edge of 6.67%.
In some casino facilities all over the world, you can bought the four and ten and only pay the commission if the wager wins. That scales down the casino edge on a $25 dollars buy to around just 1.3%. Buy wagers are just like place wagers and can be remove any point in the game.
There are also a lot of wagers in craps that are not worth wasting any effort because of their humongous casino edge of between 5% and 16.67%. A lot of these different wagers also have exotic and sometimes funny names. You have to remember that if they have funny names, they have bad edges.
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