Great Odds Unlike poker and roulette with house odds as high as 29%, craps has a house advantage of only 0.6%, one of the lowest of any games of chance. With odds like that, you are actually increasing your chances of winning by playing.
In spite of, why is it called Craps? Because it required little equipment, "street craps" could be played in informal settings. It is believed around this time the name "craps" was invented as a spinoff of the French word “crapaud,” meaning " toad" in reference to the original style of play by people crouched over a floor or sidewalk.
Craps and Eleven, also known as “C&E” Bet. T he Craps and Eleven, also known as “C&E,” is a proposition bet on one roll that adds the Eleven to the Any Craps. The “C” portion of a C&E is exactly the same as the Any Craps. ... The stickman is in charge of controlling all C&E bets (i.e., not a self-service bet).
The field bet, when used by itself, is not a good bet. It must be used with other bets or in a progression to make it profitable for the experienced crapshooter. These seven different field numbers (2, 3, 4, 9, 10, 11 and 12) can be made a total of only 16 times, leaving 20 for the other numbers.
The horn bet is found in the middle of the craps table where the proposition, or just “prop,” bets are. A horn bet is a bet split between the numbers 2, 3, 11 or 12. A $4 horn bet is a bet of $1 on each number. If one of your numbers hits, the 2 and 12 pay 30-to-one and the 3 and 11 pay 15-to-1.
The simplest, most fundamental bet in the game of craps, the pass bet, is also one of the very safest, with a low house edge of 1.41%. Pass bets pay even money - in other words, if you bet $10, you win $10. With a pass bet, if the come out roll is 7 or 11, you win, while if the come out roll is 2, 3, or 12, you lose.
A house edge of 11.11% makes it one of the highest proposition bets that you can get, behind only that of any 7. But some games pay out at odds of 7.5 to 1, as opposed to the more traditional 7 to 1. If you can find these games, then the house edge reduces dramatically, down to just 5.56%.
The Object of the Game Craps is a game of chance, that requires no skill or strategy to play. The goal is to correctly predict the outcome of the roll of the two dice. Players place bets on what dice combination they think will appear each time the dice is rolled.
C & E is another wager that offers split payouts based on what number combinations turn up. You get a 3:1 payout when a 2, 3, or 12 are rolled, and a 7:1 payout for an 11. Some beginners are fooled into thinking they have a good chance to win with this wager thanks to the four winning numbers.