| Introduction to Craps |
Craps System
Anything telling you that you can win consistently or beat the house is just trying to trick you. There certainly is a craps system or two out there that will let you win 6 times out of 7, it's just that the 7th time you end up losing more than your cumulative wins over the first six. There is no magic formula, and people selling systems are just trying to make a quick buck. If their system worked, they would be guarding it like gold and making a fortune playing for themselves. They would also be breaking the laws of mathematics, so more power to them if they manage that feat. Most every craps system takes advantage of the million bets available on the table, and form a hedge. Hedging your bets means to cover one bet with another. Say you were playing roulette and betting 10 bucks on red. If you also placed 5 bucks on black, you would be hedging your original bet, ensuring that it doesn't lose completely. There is obvious false logic in such a simple example, but the examples don't always stay simple, especially in craps. Take this craps system as it was described to me a while ago: Take $22. Place the six and 8 for $6 each, then place the 5 for $5. Put
another $5 down on the field, leaving the only number not covered as 7.
This means that on the next roll you have 30 ways to win and only 6 ways
to lose. That certainly sounds like the player has the advantage, but
do they really? Lets look at the expected outcome for this bet. Adding
up all of the potential wins and losses, multiplied by the corresponding
odds on making the specific bets, it works out that this craps system
has a house edge of 1.136%. Now don't get me wrong, that's a very respectable
house edge for any game, but remember that you could put $11 down on the
pass line and back it up with $11 of odds for a house edge of only 0.85%.
In fact there are a number of simple ways to get a house edge under 1%.
Looking the 'system' straight in the face you realize you're betting $22
with the potential to make $15. You can do better than that. |