Some gamblers believe that you can recover your losses by doubling your bet every time you lose. This is known as the Martingale system. The idea is that when you win, the win will be big enough to cover your previous losses. There are two problems with this system: You may run out of money before you win. You can only double your bet so many times because of table limits, and so occasionally you will hit the table limit before winning – and this will be very expensive.

According to Richard Epstein, craps is descended from an earlier game known as Hazard, that dates to the Middle Ages. The formal rules for Hazard were established by Montmort early in the 1700s. The origin of the name craps is shrouded in doubt, but it may have come from the English crabs, or from the French Crapeaud (for toad)

There are four types of craps bets: Pass Line Bets These bets are made before the come out roll and on the shooter. To make this wager you place your chips anywhere within the Pass Line area of the layout Don't Pass Bets These bets are made before the come out roll and against the shooter. To make this wager you place your chips anywhere within the don't Pass Line area of the layout. Come Bets These bets are made after the come out roll and on the shooter. To make this wager you place your chips anywhere within the Come area of the layout. Don't Come Bets These bets are made after the come out roll and against the shooter. To make this wager you place your chips anywhere within the Don't Come area of the layout.

Many players who make pass line bets can't afford to take any odds or full odds behind the bet once the number is established. You can place the odds if the person allows you. The casino has no edge on the odds and in the long run your expectation is to break even. That could be a lot of casino fun with no expected cost! One caveat: Make sure the person behind whose bet you're taking odds fully understands what it is you are doing. You don't want to win a bet only to have the man or woman scoop it up and keep it.

You must set goals for both winning and losing. Once your goals are met you must condition yourself to walk away. Trust me on this one; you will never be completely satisfied with your winnings. in winning a little is a much better feeling than losing any amount. Learn to walk-away and remember the casinos will be there whenever you decide to return.