August 30, 2006
After a rip to the craps table, I witnessed a few interesting things about the buy bet. I am not a big craps shooter, but I have admired the game and I like where this game is going at online gambling sites.
I haven�t been the biggest online gambling article writer when it comes to craps, but I can�t help but share what I saw at the table recently.
All online gambling fans out there have read articles about the basic for playing this casino game, whether it is played at online casinos or not. These articles always cover the bets like the pass line bet and how to take the odds � even the don't pass bet with laying odds. Many of you are familiar with the other many bets this game offers it casino players like come bets with odds, field bets, place bets, horn bets, hard-ways, any 7 and of course the any craps bet.
If you have been to a craps table and played for any period of time. You are most likely privy to the fact that many more wagers are out there. In fact, there are many more and most players don�t get info about them unless they either read a very detailed book about craps or see things at the table.
Some of the lesser known bets are bets like horn high, world, big 6, big lay and a handful of others. Most articles don�t want to overwhelm new craps players with all these bets because they are not always needed in the beginning right? Not so fast. One bet needs a closer look.
When I was recently watching an action packed craps table in motion not to long agao, I was trying to get first hand info about hard way wagers. One player actually noted that buying a four or ten, was only a house advantage of .952%. This is considerable when you think about the 1.41% house edge on pass line wager. After watching and then later calculating my own math, I just had to disagree with what I witnessed and was told.
I was thinking of it this way, if the house edge on a buy bet is 4.76%, how could any craps player decrease the house advantage to a measly .952%. In a few instances it can happen.
Even with the commission, this buy bet is known as buying a four or ten. This bet has a house edge of 4.76%. This bet (being a buy bet) is more attractive than putting a wager on the actual four or ten that holds a house advantage of nearly 7%.
Here is an example of how this wager gets its edge trimmed. A 5% commission is most likely paid to the house on all buy bets, whether you win or lose the bet. If you find a craps table that only charges players this commission if it is won, the house edge already sinks to 1.67%. This is a very considerable amount.
Now, if you can find a table that will let you buy a four or ten all the way up to thirty five dollars for that same one dollar commission. That will additionally sink the (4.76%) house edge to a respectable 2.8%. When I was at the table watching this action I was amazed that the player was able to buy a $35 wager on a dollar commission. It happens.
Maybe it was just a hospitable casino, but you will find that some casinos only charge that commission on a winning bet. This just goes to show you � if you pay attention to the details of some player�s bets, you will learn so much. It never hurts to ask either. Do not be shy at this table. If you play this game at online casinos, you may have a hard time finding this type of table, but it won�t hurt to ask specifics when playing at all.
It is casino games like this that really get the brain power working. After watching this transpire, I can�t help but wonder what else I have turn a blind eye to when it comes to craps.
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