Updated: October 2023
Master the dice with our professional Craps Calculator. Whether you are playing the Pass Line or placing the 6 and 8, use this tool to determine your winning probability, potential payout, and the house edge for every bet on the table.
Craps Odds Calculator
Craps Calculator Formula:
House Edge = (Expectation / Total Bet) × 100%
Formula Source: Wizard of Odds – Craps Probability
Variables:
- Bet Type: The specific area of the craps layout where you place your chips.
- Bet Amount: The initial capital risked on the specific outcome.
- Odds Multiplier: “Free odds” taken behind the line, which have 0% house edge.
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What is a Craps Calculator?
A Craps Calculator is an essential tool for gamblers looking to minimize the casino’s advantage. Craps is one of the few games in the casino that offers a “true odds” bet with zero house edge. Understanding how different bets like the Pass Line or Hardways affect your bankroll is crucial for long-term strategy.
This calculator simplifies the complex fractions used in casino payouts (like 7:6 or 9:5) and provides a clear picture of what you stand to win versus the statistical probability of the dice landing on your numbers.
How to Calculate Craps Odds (Example):
- Enter a $30 bet on the Place 6.
- Identify the payout ratio: Place 6 pays 7 to 6.
- Calculation: ($30 / 6) × 7 = $35 profit.
- Total Return: $30 + $35 = $65.
Frequently Asked Questions (FAQ):
What is the best bet in Craps?
The Pass Line bet with maximum odds is statistically the best bet, as the “Odds” portion has a 0% house edge.
Does a Craps Calculator predict the next roll?
No. Dice rolls are independent events. This tool calculates mathematical expectation, not future outcomes.
What does “True Odds” mean?
True odds occur when the payout exactly matches the mathematical probability of winning, resulting in no house advantage.
Why is the House Edge higher on Hardways?
Hardway bets are “sucker bets” because the payout (e.g., 9:1) is significantly lower than the actual probability of the event occurring.