Find the Best Strategy for Craps
Craps is a typical casino game in that it provides the casino with an edge, which guarantees that the casino makes money in the long-term. However, there are certain bets in craps that have a lower house edge than others. Therefore, it's important to know which bets are "good" and which are just plain "bad." The reason therefore is that by betting only the "good" bets, you'll be able to make your money last much longer (in the long run). Therefore, you'll be able to enjoy this fantastic game for much longer with the same amount of money.
After having read the "Odds" section, you should know that the "Don't Pass" and "Don't Come" bets are the ones that offer the lowest house edge. Therefore, you should always bet on these outcomes.
In addition, it's important to take full advantage of the odds bet to cut the house edge even further. Therefore, it might be smart to place small bets on the "Don't Pass" and "Don't Come" bets originally and then follow these bets up with the odds bets when available.
Depending on how much you can lay in the odds bet, you can decrease the house edge as low as 0.6%. If you can only get single odds, you can do as good as 0.8%, which are some of the best odds available in the entire casino.
You should also know that the casinos will only pay you in whole dollars (no cents). This might not be a big deal to you, but you should care. The reason therefore that every cent makes a difference in the long run. Because of the payouts on the odds bets for the "don't" situations are as they are (check the odds section for details), you should always wager in multiple of 6 on the Don't Pass or Don't Come bets.
For example, should you decide to not follow that advice and bet $10 on Don't Pass. Then, the number 6 is established as the point, and you are allowed to lay double odds, which means you can add an additional $20. Now, if the seven comes before the 6, you win and you will get back $20 from your original Don't Pass bet ($10 in winnings + your original $10), and you will get an additional $36 from your odds bet ($20 of your original bet, plus $16 in winnings), even though you should have gotten back $36.67. So, because you didn't wager in multiples of 6, you didn't bet paid on $0.67 of the money you should have received. This might not seem like much, but adds up over time.
If you want to bet with most other people at the table, you'll likely want to play the "Pass" and "Come" bets. If that is so, you're giving up a small edge to the house. Just make sure to bet in multiples of 5 or 10, depending on what table you are on. If you are allowed to lay double odds, you can wager in $5 increments, but you should wager in $10 increments if you are only allowed to lay single odds. The reason therefore is that the odds bets for Pass and Come are all in multiples of 10 (2:1 for 4 & 10, 3:2 for 5 & 9 and 6:5 for 6 & 8).
When you get a chance to take or lay the Odds, always wager the maximum amount allowed to decrease the edge of the house!
After the point is fixed, don't add to your original Pass/Come bet. Take the odds instead!
After the point is fixed, don't remove your Don't Pass / Don't Come bet.
Most importantly, because Craps is a game of chance and in the long run, the house will win, you should quit while you are ahead.
Set a limit for a maximum amount you are willing to lose, and make sure you can afford losing that money! And quit, should you hit your loss limit!
Now, you know everything you need to know before playing craps. All I can say now is: Have FUN!