Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

The Secret of Protecting Your Pass Line Bet


Pssst...! Wanna know a secret?

How about the secret of protecting your pass line bet?

Many dealers will encourage you to make additional hedge bets on craps numbers (2, 3 and 12) to protect your pass line bet. You'll always hear "any craps" bets called whenever a new shooter is coming out.

Wanna know the secrets that craps pros use to protect their pass line bets?

Let's find out!

Any craps is the most common hedge bet and pays seven to one. This means that if you have a ten dollar pass line bet and a $1 any craps bet, you'll win $9 ($10 - $1) if the 7 (or 11) rolls, and lose only $3 ($10 passline - $7 any craps) instead of $10 if the 2, 3, or 12 rolls.

It sounds OK, but let's look at the numbers. At the end of 36 rolls, you've invested $36 (36 x $1) in these hedge bets. The 2, 3 or 12 will theoretically roll four times (once each for the 2 and 12, and twice for the 3) in 36 rolls. So if you win these craps bets four times, you've won $28 (4 x $7), and spent $36 (36 x $1) giving you a $8 ($36-$28) loss.

You can also bet $2 ($1 each) Craps and Eleven (C&E). Craps (2, 3, or 12) pays 7 to 1, while the eleven pays 15 to 1. If the eleven rolls you win $24 ($10 passline + $15 eleven - $1 any craps). The seven will win you $8 ($10 passline - $2 C&E). If the 2, 3 or 12 should roll, you'll lose $4 (+$7 craps - $1 eleven - $10 passline) instead of $10.

This time, though, in 36 decisions, you've invested $72 (2 x $36) in hedge bets. The 2 and 12 will have each rolled once, and the three and eleven twice. You would make $7 on the 2 ($1 x 7), $14 on the 3 ($2 x 7), $7 on the 12 ($1 x 7), and $30 on the eleven ($2 x 15). This totals $58 ($7 + $14 + $7 + $30), but you've already invested $72 so you have a $14 ($72-$58) loss! Another winner for the house!

Finally, you can make a 3-way craps bet (on the 2, 3, and 12) for $3. This is different from the any craps bet because the odds are higher - 30 to 1 for the 2 and 12, and 15 to 1 for the three. So if the 2 or 12 roll you win $18 ($30 - $10 - $2) instead of losing $10, and if the three rolls, you win $3 ($15 - $10 - $2) instead of losing $10. This bet also means that you will win on the 7 and 11 (from your pass line bet) and on the 2, 3, and 12 (from the 3-way craps bet). In 36 rolls, however, this time you've invested $108 ($3 x 36). The 2 and 12 will roll once, and the 3 twice. At 30 to 1, the 2 and 12 pay $30 each, for a total of $60. At 15 to 1, the 3 pays $30 ($2 x 15). You made $90 ($30 + $60) but spent $108 for a loss of $18!

Unfortunately, as you can see, you can not profitably protect a $10 pass line bet by hedging it with craps bets. Some craps writers have maintained that a craps hedge bet is only profitable with a passline bet of $25 or more, with a $4 any craps bet. Let's look at the math. If you bet $4 any craps you'll win $112, which comes from $4 (bet) x 4 (number of times 2, 3, or 12 rolls) x 7 (payoff). You'll lose $144 ($4 x 36) resulting in a $32 loss. So, it's still not a good bet. In fact it's worse than a $10 passline bet with a $1 any craps bet!

Now let's look at the same $25 passline bet with a C & E hedge for $4. If the eleven rolls, you'll win $83 ($25 passline + $60 eleven - $2 any). The seven will win you $21 ($25 passline - $4 C&E). If the 2 or 3 roll you win $1 ($28 - $25 - $2). In 36 rolls you've invested $144 ($4 x 36) . The 2 and twelve will each have rolled once, and the three and eleven twice each. You would make $14 on the 2 ($2 x 7), $28 on the 3 ($2 x 14), $14 on the 12 ($2 x 7) and $60 on the eleven ($2 x 30). This totals $116. So you've lost $28 ($144 - $116).

Finally, lets look at a $6 3-way craps bet with a $25 passline bet. If the two or twelve roll you win $31 ($60 - $25 - $4). If the three rolls you win $1 ($30 - $25 - $4). In 36 rolls on this bet you've invested $216 ($6 x 36). At 30 to 1, the 2 and 12 pay $60 each (30 x $2) for a total of $120 ($60 + $60). At 15:1 the 3 pays $60 ($2 x 15 x 2). You made $180 ($120 + $60) but spent $216 giving you a $36 loss!

Craps is a math game, and, as you can see, there is no way you can protect a pass line bet with craps hedge bets - whether your unit is $5, $10, or $25.

So - the secret of protecting your pass line bet is to save all the money you would normally use for hedge bets and use that money to make more "free odds" bets!

Pssst...! Now you know the secrets of protecting your pass line bets!

(c) 2005 by Larry Edell

You can get a FREE issue of The Crapshooter, the only newsletter devoted exclusively to craps! Just send two first class stamps to The Crapshooter, Dept EZA, PO Box 421440, San Diego CA 92142, or you can subscribe at http://www.TheCrapshooter.com. You'll also receive a FREE catalog and a special FREE offer!


MORE RESOURCES:

LegalUSPokerSites.com

Progressive Slots Network Links New Jersey and Nevada Casino Gambling
LegalUSPokerSites.com
The states of Nevada and New Jersey launched the beginnings of a multi-state progressive jackpot network this week. The two states introduced of a cooperative progressive slots network, linking Las Vegas with Atlantic City slots. The multi-state ...
Nearly A Third Of The Casino Floor Space In Atlantic City Will Be Inactive By ...CardPlayer.com

all 41 news articles »


New York Times

The Crowded Market for Casino Gambling
New York Times
More than half the population in the Northeast now lives within 25 miles of a casino featuring video lotteries, table games or slot machines, up from about 10 percent a decade ago. As the market grows crowded, many older casinos are declining or going ...
As Casino Business Softens, Atlantic City Promoting Its Non-Gambling ...CBS Local
Lawmakers to consider changing laws to allow casinos outside of Atlantic CityNews 12 New Jersey
Closing of Revel Casino Deals Another Blow to Atlantic CityWall Street Journal
NJ.com -Businessweek
all 480 news articles »


Casino gambling: Any hope has faded
Foster's Daily Democrat
During a recent editorial board meeting, Gov. Maggie Hassan pooh-poohed the notion that the casino industry is in decline and therefore it is a bad bet for New Hampshire to expand casino gambling. The governor brushed aside our challenge by saying she ...



Alabama attorney general candidates trade jabs over casino gambling
The Republic
ORANGE BEACH, Alabama — The Democratic challenger to Attorney General Luther Strange accuses him of being an absentee officeholder more interested in cracking down on bingo than violent crime. Strange says his opponent, Democrat Joe Hubbard, ...

and more »


New Jersey Law Journal

Poll finds majority of New Jersey residents still oppose casino gambling ...
Press of Atlantic City
A majority of state residents continue to oppose expanding casino gambling outside of Atlantic City, according to a new poll, although residents are essentially split on adding casinos to the Meadowlands or Monmouth Park.
Garden State majority opposed to casinos outside Atlantic CityNJ TODAY
Poll: Half in NJ oppose gambling beyond Atlantic CityBurlington County Times
Poll: N.J. residents split on gambling outside Atlantic CityPhilly.com
The Star-Ledger -WABC-TV
all 138 news articles »


Chalkbeat Colorado

Ballot measure to allow casino gambling at racetracks gets green light
The Denver Post
A measure proposing to legalize casino gambling at the Arapahoe Park racetrack in Aurora received the green light Monday from Colorado Secretary of State Scott Gessler to appear on the November ballot. Based on a random sample of the 136,800 ...
Initiative #135 would legalize casinos at racetracks: Yea or neigh?Westword (blog)

all 8 news articles »


Investing in Casino Gambling
Wealth Daily
Anyone who has spent any amount of time at a casino — whether a brick-and-mortar locality or an online gaming site — knows that the odds always favor the house. After all, gaming companies wouldn't be in business for long if they didn't retain an ...

and more »


Dog racing, once doomed and propped up by casino gambling, comes to ...
al.com
MIAMI, Florida -- A mural-sized photograph at Flagler Dog Track celebrates the good old days, decades gone: Men and women in their finest clothes lean against the fence to catch a glimpse of the greyhounds, the stands emblazoned with red, white and ...



Casino gambling in Myrtle Beach unlikely, SC politicians say
The State
MYRTLE BEACH — Every few years, you can bet on hearing the renewed debate about casinos possibly coming to the Grand Strand. Those who support casinos say that the facilities would boost tourism to those who are looking to gamble while opponents ...

and more »


News 12 New Jersey

Racetracks push for casino gambling in plan to bring new life to racing
News 12 New Jersey
State horse racing operators are pushing for casino gambling to come to the racetracks, giving gamblers more ways to place bets. (7/29/14). EAST RUTHERFORD - State horse racing operators are pushing for casino gambling to come to the racetracks, giving ...


Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.