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.

The correct payoff for odds bets varies from point number to point number, depending on the odds of a 7 being rolled before a particular point is repeated. The payoff formula is the same whether you take single odds, double odds, or more. Correct odds payoffs are as follows: Points 4 and 10 pay 2-to-1 Points 5 and 9 pay 3-to-2 Points 6 and 8 pay 6-to-5 As an example, suppose you bet $1.00 on the pass line and establish a point of 4 in a casino that offers double odds. You now have the option of taking the adds for an additional $2.00. (You can wager a lesser amount or choose not to take any odds at all)

This is known as the cancellation system. Pick a series of numbers, say 1,2,3,4,5. Your first bet is the total of the two numbers on the end, or 6 units in this case. If you lose it, you cancel out the 1 and the 5, add the six to the end of the series and bet the 6 and the 2, for a total of eight units bet. Lose that one and you add the eight to the series, cancel the 2 and the six and bet a total of 11 (3+8) and so on. If you win, you proceed to the inside numbers until they are all cancelled out. Again, a loser, but an insidious one.

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.