Title: The Captain’s Advice on Avoiding High House Edge Bets in Craps
The late Captain of craps, a legend in Atlantic City, warned about the worst bets in a casino craps game, which he referred to as “Crazy Crapper bets”. These bets typically had high house edges and were found in the middle of the craps table, including hardways, C&E, individual numbers like 2 and 12, as well as other poor bets. Special proposition bets like the Fire Bet and high/low bets were also identified as being detrimental to a player’s bankroll.
Most craps bets were deemed to be bad or worse. However, there are some good bets, such as the pass line bet and the don’t pass bet, which have a relatively low house edge of around 1.41 percent and 1.36 percent, respectively. The Captain explained that understanding the house edge as a percentage allows players to translate it into expected losses in terms of dollars, making it easier to comprehend.
He provided examples to illustrate the impact of high house edges on certain bets, such as the any seven (Any 7) bet, which has a staggering 16.67 percent house edge, and the Fire Bet, which has an edge of between 20 and 25 percent, resulting in expected losses of $16.67 to $25 per $100 wagered. The Captain emphasized that these bets were even worse than slot machine percentages.
Acknowledging that craps is an exciting game, the Captain encouraged players to make smart betting choices, particularly by avoiding the “crazy crapper bets”. He highlighted the benefits of making good bets, such as the pass line, don’t pass, and betting on 6 and/or 8, which have relatively low house edges.
The Captain urged players to give up the idea of being a “crazy crapper” and instead focus on making smart bets that offer the best chance to beat the house. He emphasized the value of hard-earned money and the importance of making choices that would allow it to survive and thrive in the casino environment.
Overall, the Captain’s message was a call to action for craps players to avoid high house edge bets and make informed, strategic decisions to protect their bankrolls and increase their chances of success at the craps table.