How Does Taking Odds In Craps Work?

What is "Taking The Odds" in Craps?
There is one bet in the Casino that has no house edge, and that is the Odds Bet in craps. After the point is established on the Come Out Roll, you can take odds on your Pass Line bet, usually they range from 3x odds all the way up to 100x odds, odds vary per casino. To take odds simply place your odds bet behind your pass line bet. If you were taking 3x odds and your original bet was $5, you would put $15 down as your odds bet.

What are the Payouts of an Odds Bet?
Taking odds on a point of 4 or 10 will pay you 2:1, odds on 5 or 9 pays 3:2 and odds 6 or 8 pays 6:5. These are the exact odds that these numbers will be rolled in comparison to a 7, hence the reason why the casino has no edge on this bet.

How Do I Maximize My Odds When Placing an Odds Bet?
The first and most important thing is to only bet the minimum on the Pass Line. Remember you will be backing that Pass Line bet up with the Odds bet. With the Pass Line bet the house has a 1.41% edge, with the Odds Bet it is even money, but to take the odds you must place a Pass Line bet. To maximize your odds you would then take the full odds that the casino offers, remember you do not have to take the full odds, but the higher the odds you take the lower the house edge will be.

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