Craps Sucker Bets : Stay Away from Craps Sucker Bets
In many casino games, all bets have the same house edge; this means that over a period of time, players can expect the same chance of winning for every bet. For example, all blackjack bets have a house edge of 1%. Craps, on the other hand, does not have the same house edge for every bet. Craps sucker bets have high house edges and should be avoided. Beginners may not realize what these bets are and will make them because of their simplicity. Here are several craps sucker bets that should be avoided.
Craps Bet
"Craps" was given its name because of this bet, giving people the impression that it's a "good bet" to make. The bet wins only if a 2, 3, or 12 is rolled. There are 4 ways to win and 32 ways to lose. Many casinos pay out at 7-to-1, even though the correct odds are 8-to-1. This bet has a house edge of over 11%.
Any 7 Bet
With the "Any 7" bet, a player wins if a 7 is rolled. 7 is the most frequently rolled total, but there are only 6 ways to win this bet and 30 ways to lose. The correct odds for this bet are 5- to-1, but casinos pay out 4-to-1. The house edge is over 16%.
Field Bet
The "Field Bet" is won if a 2, 3, 4, 9, 10, 11, or 12 is rolled. It sounds favorable, but statistically, there are 16 ways to win this bet and 20 ways to lose it. The correct odds are 5-to-4, but a casino will pay out even money. This leads to a house edge of over 5%.
Horn Bet
With the Horn Bet, an identical chip is placed on 2, 3, 11, and 12. These four numbers are the least likely numbers to be rolled; packaging them into a bet with a fancy name doesn't change the fact that it's a craps sucker bet with a house edge of 11%.
Whatever the variation, sucker bets should be avoided at all cost; although they are tempting, the risk is not worth the price.