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.

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)

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.

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.