The Free Odds Pass Line Bet in Online Craps
By: Sam Chalmers, Tuesday September 30th 2008
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Online craps has a large number of bets and unfortunately many of them have very high house edges and should not be played. However there is one bet that players should not miss. It offers an extremely low house edge, is not all that difficult to understand and is a lot of fun to play.
This bet is called the Free Odds Pass Line Bet. Actually it is a class of bets, that is there are bets with a few variants possible. Before wagers can be placed on this bet players need to do some preparatory work and therefore one has to start from the beginning. The player has to place a wager on the pass line bet before the come out roll. The come out roll is the first roll of a new session. The pass line bet wins if the come out roll shows a 7 or an 11 and loses if the come out roll shows craps. Craps is the term used to describe a roll that shows a 2, or a 3 or a twelve. If any other number is rolled then that number is established as a point and a marker is placed on that number in the layout on the online craps screen. In this event the pass line bet is carried forward and wins if the point is rolled again before a 7. The bet pays even money and has a house edge of 1.4%, which in itself is very low for online craps.
The free odds pass line bet comes into play after the pass line bet has been placed and the point has been established. The wager for this bet has to be placed before the roll that follows the establishment of the point. There are two free odds bets that can be placed. The single odds bet restricts the additional wager to the amount of the original wager. The double odds bet restricts the additional wager to twice the amount of the original wager. As in the pass line bet the free odds bet wins if the point is rolled again before the seven. The beauty of the free odds bet is that it has no house edge whatsoever. If the point was a 4 or a 10 the payout is 2:1; if the point was a 5 or a 9 the payout is 3:2 and if the point was a 6 or an 8 the payout is 6:5. Hence the house edge of the combined wager is reduced to 0.8% for the single odds bet and to 0.6% for the double odds bet. Suppose that the player had bet $5 on the pass line bet initially and another $5 when 4 was established as the point. If the bet wins the player will get $10 on the original bet and $15 on the additional bet, which is a total of $25 including his wagered amount.
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Thanks I've never been a big Craps fan but have been experimenting on new games and I've grown quite fond of craps actually. I find the game very relaxing when playing online, however when playing in land based casinos I've found that the game is quite stressful as there's so many people around and watching.