Roll Up Bet
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by Michael Bluejay Special for NextShooter.com
If there’s one thing you learn from this site, the Boneman hopes it’s that you shouldput as much of your craps money on the Free Odds bet as possible. Let’ssee what the Free Odds bet is, and why the Boneman is so insistent that you favorit over most of the other bets.
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The House Edge
To understand why the Free Odds bet is so important you first have to understandthe house edge. The house edge is the casino’s average profit on any bet.In craps, the house edge on the Pass Line bet is 1.41%. That means that for every$5 wager on the Pass Line, the casino will keep seven cents as profit on average.($5 x 1.41% = $0.07) This doesn’t mean on a single wager the casino will keep $0.07and pay you back $4.93. The house edge is the mathematical average for thelong run. If you made $1,000,000 in Pass Line wagers, $5 at a time, by the end you’dprobably have lost around $14,100, or 1.41% of what you wagered.
Different bets carry a different house edge. The 1.41% for the Pass Line bet ispretty low for a casino game, and is one of the best bets in the casino. The houseedge on roulette is around 5% and slots are often 7-8% or more. Even in craps thereare sucker bets with a high house edge, such as Hardways (9-11%) and the Propositionbets (up to 17%). When you gamble it’s important to seek out the bets with the lowesthouse edge, because you’ll lose less money that way and have a greater chance ofwinning.
The Free Odds Bet
The Free Odds bet carries no house edge. The casino makes no profit on thisbet. This is the only bet you can make on a table game where the odds aren’t againstyou. How can the casino make this bet available when they don’t make any money onit? Simple: Most players aren’t smart enough to make this bet. If all craps players made Free Odds bets and avoided the other bets, the casinowouldn’t be able to offer craps!
How it works
Of course the Free Odds bet isn’t totally free. You have to make a flat bet(Pass, Don’t Pass, Come, or Don’t Come) before you can make the Free Odds bet. Let’ssee how it works with a Pass Line bet. You make a Pass Line bet, and the shooterrolls a number to establish a point (4,5,6,8,9, or 10). Now you can make a FreeOdds bet, by putting your chip(s) below (due South) of your Pass Line bet. It’skind of like doubling down in blackjack. Now if the shooter rolls the point again,you not only win your Pass Line bet, you also win the Odds bet.
The reason there’s no house edge on the Free Odds bet is that winning bets are paidat true odds. If there’s a 2-to-1 chance of your winningthe bet, then a winning bet is also paid 2-to-1. The way the casino makes its profiton all other bets in the casino is by paying less than true odds.
The true odds varies according to the point, and so the payoff varies as well. Here’show much a winning Free Odds bet is paid depending on the point.
The Point | Payout | Example |
4 and 10 | 2 to 1 | a $5 wager is paid $10 |
5 and 9 | 3 to 2 | a $5 wager is paid $7* |
6 and 8 | 6 to 5 | a $5 wager is paid $6 |
* Rounded DOWN from $7.50 on a Strip table layout. “Downtown” layout might pay actualratio of a full $7.50. Strip table layouts do not handle 50-cent pieces. |
Multiple Odds
The amount you can bet on the Free Odds varies from casino to casino, and is postedon a sign on the table. It’s always some multiple of the Pass Line bet. On a tablewith Double Odds you can bet twice as much on the Odds as on your Pass Line bet.(If you made a $5 bet on the Pass, you could bet $10 on the Odds.) Since the Oddsbet carries no house edge, it pays to seek out casinos that offer the maximum oddspossible. In Vegas you can get better odds downtown vs the strip; many downtowncasinos offer 10x Odds, or even better. The exception on the strip is the Casino Royale, which offers an amazing 100x Odds on craps. The Free Odds bethas the effect of diluting the edge of the flat bet you have to make before youcan make the Odds bet. Here’s the overall house edge for the flat bet plus the maximumOdds bet.
House Advantage when you take the Odds | ||
Table Odds Taken | Pass Line | Don’t Pass |
0x | 1.41% | 1.36% |
1x | 0.848% | 0.682% |
2x | 0.606% | 0.455% |
Full Double Odds | 0.572% | 0.431% |
3x | 0.471% | 0.341% |
3-4-5X | 0.374% | 0.273% |
5x | 0.326% | 0.227% |
10x | 0.184% | 0.124% |
20x | 0.099% | 0.065% |
100x | 0.021% | 0.014% |
With Full Double Odds means the player can take 2.5x odds on a point of 6 or 8,and 2x on the other points. 3-4-5X Odds means the player can take 3X on the 4 and10, 4X on the 5 and 9, and 5X on the 6 and 8. If the player takes the maximum oddsthen the payoff will conveniently be seven times the pass or come bet. (See ourseparate article about 3-4-5 odds
Roll Up Bet Games
Laying Odds
The Free Odds bet works differently if you’re betting the Don’t Pass or Don’t Comeinstead of the Pass or Come. With the Pass or Come you bet a smaller amount to wina bigger amount. On the Don’t side it’s the opposite: you lay a larger betin order to win a smaller bet. For example, on a point of 4, instead of betting$5 to win $10, you lay $10 to win $5. The bet is still paid at true odds and carriesno house edge, it’s just made and paid in reverse. That’s because once a point hasbeen made you’re the favorite to win, since a 7 is more likely to be rolled thanthe point, so when you do win you’re paid less.
When the Free Odds bet doesn’t help
There’s a subtlety of the Odds bet that’s important to understand. Let’s say youmade a $10 Pass Line bet, and a point has been made. Now you have the opportunityto make a Free Odds bet. However, if you make the Odds bet it won’t increase yourchances of winning, and your expected loss will be the same whether you make theOdds bet or not: 1.41% of your $10 Pass Line bet. So if making the Free Odds betdoesn’t increase your chances of winning, and doesn’t decrease your expected loss,why would you make it?
Roll Up Bet Meaning
To answer this question we have to back up a bit. The Free Odds bet is a good dealwhen you put money on it that you were going to bet anyway. If you wantedto bet about $10 per round, then you’ll get a better deal by betting $2 on the PassLine and $10 on the Odds (on a 5x table), vs. betting the $10 on the Pass Line andtaking no odds. With no odds your expected loss is $10 x 1.41% = $0.14 per roll.But by putting $2 on the Pass Line and $10 on the Odds, your expected loss is only$12 x 0.326% = $0.04. Your expected loss is smaller, and you have a greater chanceof walking away a winner. So, for whatever amount you want to bet per round,get as much of it on the Free Odds as possible! This is the single most importantthing to know about playing craps.
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Weather you are new to sports betting or you have accounts with multiple online bookmakers, the question of the rollover is bound to come up and it will come up sooner rather than later. In this article we will explain you what is the rollover, when it comes to sports betting and what to look for when dealing with the bookmakers' rollover requirements. The question about rollover comes up as soon as you open an account with one of the top bookmakers and it's time to take advantage of the betting site's bonus offer. This is where one usually finds the rollover requirements and starts to wonder, what is rollover? The bookmakers, for some unknown reason, don't really take time to explain it. Here we will give you the answers.
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What is “rollover”?
Understanding rollover is not hard t all. In simple terms, the rollover is a wagering requirement imposed by the online bookmaker and associated with a bookmaker bonus offer. It simply shows you the amount you need to bet before your bonus becomes eligible for withdrawal. It always takes the form of multiples and will be noted by the betting website on its bonus terms and conditions. Let's look at some examples and you will instantly understand how simple it really is. For example, let's say that an online bookmaker is offering £100 match bonus when you deposit £100 in your betting account and the terms and conditions state that before you can withdraw your bonus you must complete a 5x (five times) rollover the deposit plus the bonus. Now, to someone who bets online for the first time, rollover means nothing. But in the above example, it simply means that before the player could withdraw the bonus, he or she must place wagers in the total amount of £1,000. How did we get to this number? The 5x rollover on the deposit and bonus could be written simply as a mathematical equation, i.e. 5x(£100+£100)=£1,000. As you can see, understanding rollover is very simple. Most of the time (unless noted otherwise by the bookmaker), you will simply multiply the rollover by the sum of bonus and deposit. An example when you do differently is, if you get a free bet by the bookmaker, in which case you simply multiply the free bet amount by the rollover, since there is no deposit involved.
Now that you know what rollover means in sports betting and how to calculate it and turn it into actual monetary value, let's make a few points. First, you must understand that when we mention wagering requirements, it simply means the amount that must be wagered, not lost. In other words, if the rollover shows that the wagering requirement is £100, it just means that you must place bets worth £100, how many bets or how many losers – it doesn't matter. For those of you who have played at online casinos, the rollover is just like the playthrough requirement the casinos put on their bonuses.
And if you asked yourself why isn't the wagering requirement simply stated as £1,000 (taking our example above) instead of 5x rollover, give yourself a high-five, you are thinking. The simple truth is that most of the bookmaker bonuses are fluid and are calculated as a percentage of your deposit, rather than a fixed amount. Therefore if the book offers a 100% bonus with 5x rollover, the wagering requirement will be dependent on the amount you deposit. For example, if you deposit £50 and get £50, the amount you must bet before withdrawal will be just £500, since 5x(50+50)=500, unlike the previous example, where it is £1,000. Of course, if we are talking about a free roll, let's say £5 free bet, then the bookmaker could simply state the amount you need to wager, but most of the online bookmakers still use rollover, but more for continuity and avoiding confusion, rather than for any special reason.
We have the rollover explained, but how about comparing the rollovers? How do you decide which rollover is good and which rollover is too high? Most bettors agree that any rollover 5x and under is a good bonus offer. Some bookmakers go as low as 2x rollover on their promotions, but those are hard to come by. On the other side, 10x rollover is very high and some bookmakers have the audacity to require players to complete rollovers as high as 15x, at which point it's never worth to take the bonus, the requirements are simply impossible to complete. Therefore look for five times and under.