An odds bet in craps is a type of additional bet that can be made after a point has been established. It is a bet that the point will be rolled before a seven.
In craps, players can make a pass line bet before the come-out roll, and if a point is established, they can then make an odds bet. The odds bet is placed behind the pass line bet and can be made in multiples of the original pass line bet.
The odds bet is considered one of the best bets in craps because it has no house edge. This means that the casino has no advantage over the player, and the odds of winning are based solely on the probabilities of rolling the point or a seven.
The amount of the odds bet can vary depending on the point that has been established. For example, if the point is 4 or 10, the odds bet can be up to 3 times the pass line bet. If the point is 5 or 9, the odds bet can be up to 4 times the pass line bet. And if the point is 6 or 8, the odds bet can be up to 5 times the pass line bet.
Making an odds bet in craps is a way for players to increase their potential winnings and take advantage of the favorable odds. It is important to note that the odds bet can only be made after a point has been established, and it is separate from the pass line bet.
In conclusion, an odds bet in craps is an additional bet made after a point has been established, with the aim of rolling the point before a seven. It offers favorable odds for the player and is considered one of the best bets in the game. By understanding the rules and strategies of odds betting, players can enhance their craps experience and potentially increase their winnings.