Recreation & Problem Gambling
Recreation gambling can easily turn to problem
gambling that can have serious and devastating effects both for the
gambler and the gambler's family. Although no substance is ingested,
the problem gambler gets the same effect from gambling as someone else
might get from taking a tranquilizer or having a drink. The gambling
alters the person's mood and the gambler keeps repeating the behavior
attempting to achieve that same effect. But just as tolerance develops
to drugs or alcohol, the gambler finds that it takes more and more of
the gambling experience to achieve the same emotional effect as before.
This creates an increased craving for the activity and the gambler finds
they have less and less ability to resist as the craving grows in intensity
and frequency. Please gamble responsibly, and if you feel you have a
problem - get help...
Casinos almost always have their odds published on the table. An odds bet is a supplement to the original pass line bet and it can range anywhere from 1 to 100 times your original bet, depending on the house odds. A pass line bet with odds cannot be made on the "come out roll", as it can only be made after the point is set. For example, if you were betting $5 on a pass line bet and the point got set to 4, you could place an equivalent or larger bet just below your original wager. Place the chips half-on and half-off the bottom of the pass line. If on the next roll a 4 is hit you win your pass line bet back, and an additional sum of money derived from the odds bet. In this case, the payoff is 2 to1 on the odds bet. The actual number the point is set to determines the payout on odds bets. If the point is set to 4 or 10, odds bets are paid back at 2 to 1 odds. If the point is set to 5 or 9, odds bets are paid back at 3 to 2 odds. If the point is set to 6 or 8, odds bets are paid back at 6 to 5 odds.
The odds bet is usually explained as being an intelligent bet in the game of craps. This is because the more you wager (double, triple, quadruple odds bet) the lower the house edge drops. A standard pass line bet holds a house edge of 1.41% - respectable, and compared to many other casino games you have to choose from its downright excellent, but take into account the potential for odds betting and it's a whole different story. The house edge on a pass line bet with ten times odds is an incredible 0.18%.
For quick reference here is a chart showing the advantage derived from each stage of odds bets.
Bet Casino Payoff Casino Advantage
Pass Line Bet Even Money 1.41%
With Single Odds (1x) Even Money Plus Odds 0.85%
With Double Odds (2x) 0.61%
With Triple Odds (3x) 0.47%
With Five-Times Odds (5x) 0.33%
With Ten-Times Odds(10x) 0.18%
Below are some other Bet strategies:
The Don't Pass Bet
The Come Bet
The Don't Come Bet
The Hardway Bet
The Buy Bet
The Proposition Bet
The Field Bet
The Place Bet
The Lay Bet
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