Let me begin by apologizing to our beginner craps players. I pride myself on being a good teacher, but I overlooked the fact the I have not yet written an article dedicated to the free odds bet. I took it for granted that everyone understood what is mathematically the best bet in the game.

Consequently, the odds bet has a house edge of 0%. Overall, the pass line bet is definitely one of the best bets on the craps table with a house edge of 1.41%. In addition, adding odds onto this wager is without a doubt the best way to extend your gambling bankroll. You can use probability to figure out the odds of winning and losing in the popular casino dice game of craps. In the game of craps, on your first roll (called the come out roll), three outcomes are possible: Natural: Rolling a total of 7 or 11 — automatically wins. Craps: Rolling a total of 2, 3, or 12 — automatically loses.

However, recently, I started seeing very basic questions about the free odds bet pop up on the RoadGambler YouTube channel.

So let’s have a simple discussion about the free odds bet.

For purposes of simplicity, I am only going to discuss free odds on the light side, aka the pass and come side. For the dark side of free odds, see this: https://roadgambler.com/casino/darkside/

Also, the free odds are simply referred to as ‘odds’; so going forward, I will use the term ‘odds’ in lieu of ‘free odds.

WHAT ARE THE FREE ODDS BET?

The odds bet is a bet that can only be made once the player has bet on the pass line or come bet.

It’s mathematically the best bet on the table because the odds pay true odds. That means that, unlike almost every other bet in the casino, the house has no advantage.

Odds bets are usually capped. At most Las Vegas strip properties, the odds bet is capped at a maximum of 3x, 4x, and 5x.

For example, here is a table limit sign at a Las Vegas Strip casino.

Notice that the minimum bet on this table is $15. 3x, 4x, and 5x means that: if the point is 4 or 10, then the maximum odds are 3 times the pass line bet; if the point is 5 or 9, then the maximum odds are 4 times the pass line bet; and if the point is 6 or 8, the maximum odds allowed are 5 times the pass line.

Let’s say that you make a $15 pass line bet. That means that in the above picture since the point is 8 (as marked by the white puck), you can bet $75 worth of odds.

Craps Betting Odds Calculator

Some casinos will allow more free odds. Notice the sign that says 100x. That means if you bet $5, you can bet up to $500 worth of odds.

WIN-LOSS CONDITIONS OF THE ODDS BET

The odds bet will win if the point assigned to that odds bet rolls before the 7 rolls.

For example, if the point is 8, and the 8 rolls before the 7 rolls, then the odds bet will win. If the 7 rolls before the 8 rolls, then the odds bet will lose.

Odds bets can also be wagered on Come bets after the Come bet point has been established. Be warned that typically if the bettor has a live come bet with odds, and the pass line has just won, then the next roll will be a come out roll for the pass line. In that case, the odds bet attached to the come bet will not be working unless the bettor declares the odds to be working.

HOW TO IDENTIFY AND MAKE THE ODDS BET

Craps Odds Bet Multiples

In the picture below, the two bets that are behind the pass line bet are the odds bet. To make the odds bet, you just position your chips in the area behind your pass line bet, AFTER THE POINT HAS ROLLED.

If you are playing online, the odds bet is made by dragging chips to the area behind your pass line bet, like this…

PAYOUT ON ODDS BET

The most important thing to know about the odds bet is the payout.

The following are the payouts for each point…

Point is 4 or 10

• Odds will pay 2-1.
• For example, if you bet $10 on the odds, you will be paid $20

Point is 5 or 9

• Odds will pay 3-2.
• For example, if you bet $10 on the odds, you will be paid $15.
• When betting odds on the 5 or 9, always make sure that you bet in even dollar increments. For example, if you bet $5, you will be penalized. True odds payout would be $7.50, but since most casinos do not have 50 cent chips, the casino will round down and pay $7.

Point is 6 or 8

• Odds will pay 6-5.
• For example, if you bet $10 on the odds, you will be paid $12.
• Always bet in $5 increments, or else you will be penalized. The casino will round down from the true odds payout.

FINAL ADVICE

When in doubt about how much to bet, follow this one simple rule about how much to bet on free odds: Bet in $10 increments.

If you bet in $10 increments, you will always have the correct odds bet. Make sure that the $10 increment does not go over the maximum odds allowed.

Play responsibly and enjoy!

Posted in: Casino, Craps, Gambling

Free odds, also called “Taking the Odds”, can be taken on the pass, don’t pass, come and don’t come bets. When the shooter establishes a point on the come-out roll, any player who has made a pass line bet is allowed to “take the odds.” A single odds bet is an additional wager, up to the amount of your original wager, that the point number will be repeated before a 7 is rolled.

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!

Craps Field Bet Odds

(T&Cs Apply 18+)

Besides the fact that the odds bet has no house edge associated with it, also it has no official designated space on the dice table. Therefore, to place a pass line bet with odds you need first to make your pass line bet and then, after a point is set you take more chips and place them behind your pass line bet. The odds bet wins if your flat bet (original bet) wins and losses if your flat bet loses.

Some casinos permit players to make double odds, and even greater odds wagers. Usually you will see a printed sign on the table to let you know how much you can bet on free odds and if there are no signs, the dealer will tell you. How much you can bet is expressed as a multiple of your original bet.

For instance, if 2x odds are shown it means you can put two times as much down on your odds as you’re putting on your original bet. For example, let’s say you bet $1.00 on the pass line and establish a point of 4 in a casino that offers double odds. You now have the option of taking the adds for an additional $2.00.

If you repeat the point number (4) before rolling a 7, you will get your original $3.00 back, plus an additional $5.00. Of that $5.00, $1.00 will be the even-money payback on your pass line wager, and $4.00 will be the 2-to-1 payoff for a point of 4 on your odds bet of $2.00.

If you roll a 7 before repeating your point of 4, you will lose your initial $1.00 wager on the pass line, plus your $2.00 odds bet, for a total loss of $3.00. You are allowed to remove your odds wager from the craps table at any time, as a casino does not object to your taking down a bet that has no house edge.

Blackjack Betting Odds

As we said before, free odds can be taken on come bets also. So, to make a come bet with odds you simply need to tell the dealer you want to back up your come bet with odds and put your odds bet down, but only after your come point has been set.

The correct payoff for odds bets varies from point number to point number, depending on the odds of a 7 being rolled before a particular point is repeated. The payoff formula is the same whether you take single odds, double odds, or more. Correct odds payoffs are as follows: points 4 and 10 pay 2-to-1; points 5 and 9 pay 3-to-2; points 6 and 8 pay 6-to-5.