The game of Craps revolves around dice. Wagers are made upon the result of a single roll, or a series of rolls, of a pair of dice. Craps is a game of probabilities and odds, so any discussion of Craps will benefit by a brief explanation of the probabilities involved. Since the game uses two dice, a shooter (the person rolling the dice) can roll any number between 2 and 12. It is important to understand that some numbers are more likely to appear than others on a single roll of the dice.

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)

This system is a little more sophisticated, but the results can be as devastating as our old friend Martingale. It is a series of numbers, each of which is the sum of the last two numbers in the system, like this: 1-1-2-3-5-8-13-21-34-55-89-144. Advice about betting it varies, but one of the more common is to bet the series as you lose. If you win a bet, fall back one in the series If you win that one, start over, if you lose, continue on in the series.