Not all craps bets offer the same odds or house edge. The Pass Line bet, for example, has a house edge of approximately 1.4%, making it a relatively favorable bet for players. The Don't Pass bet carries a similar house edge and provides an alternative betting strategy for those who prefer betting against the shooter.
Come and Don't Come bets operate similarly to Pass and Don't Pass bets, but they can be placed after the point has been established. These bets also carry a house edge around 1.4%. However, bets like "Any Seven" or "Craps" offer much higher payouts but also significantly higher house edges of 16% or more, making them less favorable mathematically.
The true odds bets, known as "Odds" bets, are among the best bets in the casino. These bets are placed after the initial Pass or Don't Pass bet and pay true probability odds with no house edge. Taking odds on a Pass Line bet or laying odds on a Don't Pass bet can substantially improve your overall return when combined with your initial bet.
Understanding house edge is crucial for responsible gaming. A lower house edge means better odds for the player over time. By focusing on bets with lower house edges and avoiding proposition bets in the middle of the table, you can improve your mathematical position at the craps table.