When you play craps, understanding the house edge on each bet is key. By having a better idea of how the house edge works in craps, you will improve your play by making more informed bets, depending on how safe or risky you want your game to be.
Craps is different from most casino games because there are so many betting options. If you are a beginner, this can seem confusing. Nevertheless, you can quickly become a skilled craps player by understanding the fundamentals of craps odds and the house edge on each bet in the game.
For example, the chances of hitting a Pass bet is 49.3% but the payout is 1/1. This difference of 1.41% is the house edge on that bet. As you will see, this is one end of the spectrum when it comes to craps bets and house edge. There’s a huge difference between the house edge for Pass/Don't Pass bets (1.41%) and bets such as Any 7, that have a much larger house edge of 16.9%.
The house edge has a major influence on your approach to the game. As a result, finding bets with a low house edge is one of the main tactics of successful craps players. As you might expect, when playing craps you will typically find a higher house edge on bets with higher odds. On the other hand, lower odds bets usually have a lower house edge.