The odds bet is the best wager you can make in the game of craps, because the house has no built-in advantage. Some casinos permit players to make double odds, and even greater odds wagers. The odds bet not only has no house edge associated with it, but has no official designated space on the craps table. to take the odds, you must place the appropriate amount of chips behind your pass line bet in the open area of the craps layout.

The game of craps is the most popular dice game in the United States at the moment there are a few different theories about its origin. Dice games can be traced back to the roman times with shaved pigs knuckles being used as the dice. Craps however was based on the game hazard, which was popular in the 17th and 18th century in England. The name craps is believed to have derived from the English crabs which was the name for the throw of aces or ace-deuce. The game moved over to the United States when the French moved to New Orleans and the French pronounced the game craps and in there version of the game the player throws against the house and not another player like the English version of the game. The game was very popular on the Mississippi river boats and it was a simplified version of modern day craps that was spread about the United States. There are two modern day versions of craps played today. Street craps has more in common with the riverboat game than Bank craps and it is so named as it can be played on the street. A shooter establishes a point, then tries to make that point. Bettors either bet with the shooter or against the shooter. Someone must cover the bet for the shooter in order for the game to progress. Bank craps is the form played in the casinos and has a more complicated form of betting with the house covering the bets.