Odds at Craps Table....?

Question

Why do Casinos pay 32 or 33 to 1 on craps 12.??? The actual odds are 36 to 1..????? <<---

(I know how to play craps..I am asking about the ODDS payout on 12..!!!!!) 36 to 1

Answer 1

So they can make an automatic profit on the difference between the two odds, referred to as the house advantage or sometimes the "spread".

Answer 2

Craps gives you one of the best shots at making good on your money, provided you know which bets are the ones worth making and which ones to reconsider.

Craps is best played with patience. The Pass Line bet and the Place bet for 6 or 8 will stand you in good stead over the long haul. Because of the low house advantage, these are two of the best bets you're likely to make.

Pass Line Bets: you win if the shooter rolls a 7 or an 11 on the first roll, or if the shooter establishes a point by rolling 4,5,6,8,9 or 10 and then rolls that same number again before rolling a 7.

Place bet on 6 or 8: you win if either a 6 or an 8 (depending on what number you're betting on) is rolled before a 7.

Betting Any 7

You'll often find craps players betting on 'Any 7'. The odds of Any 7 bets pay out at 4 to 1. The chances of you actually landing that bet are 5 to 1. Do the math and you'll see that it's just not worth it.

Betting The Field

As tempting as it is to bet the field, because it gives you lots of numbers to win and the payouts can be fairly attractive, there are a few cautions. For starters, you lose money much faster on this bet, and for every 16 winning bets there will be 20 losing results. Numbers 6,7 and 8 come up most often and they won't win you any money on this bet. Nor do 5 and 9 (the fourth most frequent results).

Betting On The Centre - Table Propositions

They can carry a casino advantage as high as 16%.

Big 6 And Big 8

These bets pay only even money, despite the fact that they work much the same way as Place Win bets on 6 and 8. Go for the Place Bets instead - they pay 7/6 odds. To put it another way: the house edge on Place Bets for 6 and 8 is only 1.52%, while on Big 6 and Big 8 it's 9.1%.

Hardways

Beware the Hardways bet - they don't call it hard for nothing. A Hardways bet on 4 or 10 has odds of 7 to 1 and a house edge of 11.11%. Hardways bets on 6 or 8 are 9 to 1 with a house edge of 9.09%. There are easier bets to make.

Answer 3

If they paid according to the actual odds, they wouldn't make any money! That's the whole concept of running a casino. Think of a state lottery based on a 3-digit number. The odds are 1000 to 1 of hitting the number, but the state sure doesn't pay out $1000 to the winners.

Answer 4

So that they can make money.

It is the same with roulette, there are 37 or 38 numbers on the table yet it only pays 35-1. giving the house an advatage of 2.7% on a single zero tbale and a 5.3% advantage on a double zero table

Answer 5

The best in the house and a whole lot of fun.

Answer 6

i think its just aload of craps!