Craps Table Payout Calculator

3/30/2022

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Craps Table Payout Calculator 4,7/5 1203 votes

The craps payout chart below shows various payout statistics such as what kind of craps bets, true odds, payout odds and the total house edge after everything has been calculated through. Note that these payout odds in the chart listed below are not the same in every casino or on all craps tables. To calculate the craps payouts and odds for this number, we multiply the three by two (the two dice that players use in the game), and the result we get is six. Thus, the odds are 1:6 and seven is the most frequent number that comes up in craps games.

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True odds for the 7 against the 4 are 2:1, so divide the $200 bet by 2 = $100, and then multiply the $100 by 1 = $100. The vig is based on the $100 win amount, so $100 x 5% = $100 x 0.05 = $5, which is a whole dollar amount, so it isn’t rounded. Craps Probability Calculation Program. Out of total decisons? Notes Disclaimer: these are only probabilities, they do not guarantee what will happen at an actual table! Usage: you just need to select the type of bet (Pass Line is the default), and then fill in the blanks for one (or several) of the following three questions.

Don911

Hi,
I recently found this new online casino where you can gamble using Bitcoin Cash. They claim that their games are provably fair, and that they have among the lowest house edge in the business (with a 99% expected return). I would appreciate if someone could help me calculate the house edge for their place and buy bets on their craps game, in order to figure out when to choose which bet, and to see how they compare to Vegas. In Vegas I normally place the 6 & 8 for a 1.52% house edge, and the 4 & 10 for a 1.67% house edge (paying $1 commission on a $25 bet AFTER a win only). Especially I don't know how to calculate and compare the house edge on buy bets depending on if you pay commission on every bet vs only when when you win. Any help would be greatly appreciated.
Here are their payouts:
All Buy bets: Pay 1% commission up front and receive true odds on win.
Place 4 & 10: Pays 39 to 20.
Place 5 & 9: Pays 29 to 20.
Place 6 & 8: Pays 29 to 25.
Interestingly, I can easily see that their payouts on 4/10 and 5/9 place bets are higher than in Vegas. However, because they chose to pay 29 to 25 on the 6 & 8, I guess to be consistent with their 'xx to 20 payout' on the other numbers, that's actually lower than 7 to 6. So that's not good. I guess it's because if they went up to the next value higher, 30 to 25, then the house edge would be 0%. So I'm especially wondering how the house edge on a 29 to 25 place bet payout would compare to a buy bet with a 1% commission upfront.
Also, if someone has an excel formula or ready-to-go spreadsheet where you can punch in your variables to calculate the house edge, that would be awesome.

ChesterDog

Here's the general formula to calculate player EV:
EV = ( 1 + O ) * p - 1, where O is the odds paid, and p is the probability of winning.
For 4 or 10, p = 1/3. For 5 or 9, p = 2/5. And for 6 or 8, p = 5/11.
Place 4 & 10: Pays 39 to 20. EV = (1+39/20)*(1/3)-1 = -1.667%.
Place 5 & 9: Pays 29 to 20. EV = (1+29/20)*(2/5)-1 = -2%
Place 6 & 8: Pays 29 to 25. EV = (1+29/25)*(5/11)-1=-1.818%
With 1% commission paid up front:
Buy the 4 or 10: EV = [ 1 + (2-.01)/(1+.01) ]*(1/3)-1 = -0.990%
Buy the 5 or 9: EV = [ 1 + (3-.02)/(2+.02) ]*(2/5)-1 = -0.990%
Buy the 6 or 8: EV = [ 1 + (6-.05)/(5+.05) ]*(5/11)-1 = -0.990%

mustangsally

Hi,Also, if someone has an excel formula or ready-to-go spreadsheet where you can punch in your variables to calculate the house edge, that would be awesome.

ok, I have what you want. had to clean it up first
here is Excel in Google Craps Table Payout Calculator

https://goo.gl/6uLxbf
the yellow cells should be changed only
I did not protect the sheet so be careful!
the buy bets are actually really easy as long as you know the values
(I included the easy part too)

See All Results For This Question

for the edge
up front Buy bets
formula
$vig/(wager+$vig)
on win Buy bets
formula
$vig/(wager+$pays)
try it out, really sweet too! Craps

hope this helps out
have fun!
Sally

I Heart Vi Hart

Don911

Thanks to both of you for those quick answers and the spreadsheet! So according to your numbers, it seems as if I shouldn't use any place bets at all at this casino, but instead use only buy bets, regardless of which number I wish to bet on. It will be interesting to compare the win/loss rate at this casino, compared to Vegas where the house edge is around 0.5% higher on the place/buy bets that I normally use. Thanks again!
P.S. Has anyone found an online casino that has an even lower house edge than this one on place/buy bets?

Ace2

I’ve never played online but those are great odds.
Besides being the best play, the math is much easier for the buy bets...1% commission and true odds instead of 39/20, 29/20, 29/25.
Though I’m surprised they didn’t set the 6&8 place payouts at 47/40 or 59/50...since they have lowered the edge on everything else.

mustangsally

and the 4 & 10 for a 1.67% house edge (paying $1 commission on a $25 bet AFTER a win only).

that 1.67% edge is for $20 unit bets (like $20, $40, $60 etc)
1/60, 2/120, 3/180 and so on
your $25 Buy with just $1 on a win edge is 1/75 or about 1.33%
so you do just fine there
sweet!

Quote: Don911

Especially
I don't know how to calculate and compare the house edge on buy bets depending on if you pay commission on every bet vs only when when you win.
Any help would be greatly appreciated.

hope we helped out
I never played craps online
hope you do well
Sally

mustangsally

Though I’m surprised they didn’t set the 6&8 place payouts at 47/40 or 59/50...since they have lowered the edge on everything else.

but most all place bettors place the 6&8 so they made it higher so the casino makes more. That has to make the shareholders happier (if there are any)
now, imo, most do not know how to figure out the house edge of non-standard craps payouts and even when they know it could be a higher edge, I still think most would still place the 6&8 as it is 'in their style of play'
Sally

I Heart Vi Hart

Don911

that 1.67% edge is for $20 unit bets (like $20, $40, $60 etc)
1/60, 2/120, 3/180 and so on. Your $25 Buy with just $1 on a win edge is 1/75 or about 1.33%
so you do just fine there

That's great! I didn't think of that. I always bet in increments of $25, and the commission I pay in Vegas is always $1 on $25, $2 on $50, $4 on 75 and then the full 5% ($5) on $100. So with $25 and $50 bets buying the 4 and 10 in Vegas, the vig is even lower than placing the 6 or 8. Nice! :-)craps odds payouts calculatorCheck out the payout odds for each bet and free odds table for charts, house edge and odds percentages information. Calculate Craps Odds and Probabilities. If you would like to calculate the odds of rolling a certain combination, just take the number of possible combinations of that roll and divide it by the total number of possible outcomes.When you play craps, you probably know the payoffs for most numbers on place bets. For example, the odds on the six and eight are 7:6 (bet $6, get $7), the odds on the five and nine are 7:5 (bet $5, get $7) and the odds on the four and ten are 9:5 (bet $5, get $9).Winning craps odds are based on the frequency by which a number can be rolled. The more common the number, the lower the payout since the odds of rolling that number are higher. Rare numbers tend to payout …Craps Calculator Payout, 10 Aug 2015 .. I like to play craps, and I basically play the Pass Line with odds and a couple of come bets. Maybe 6 and 8 once in awhile. I can figure those ..CRAPS PAYOFFS - Craps Payout ChartThe formula used to calculate the odds of rolling a specific total in craps is actually pretty simple. Divide 36 by the number of combinations that will make that total. Since there are 6 combinations which will total 7, the probability is 36 divide by 6, or 1 in 6 chance of rolling a 7.Apr 23, 2014 · Every time the dice are thrown it usually results in the dealer picking up chips or paying out chips. Do you know the sequence of payouts and why it is important to you?The combine payout is 3:1 on craps and 7:1 on 11 (yo). Another method of calculating the payout is to divide the total bet in half. The player would receive 7:1 minus half the total bet payout on half the total bet for craps and 15:1 minus half the total bet payout on half the total bet for 11 (yo).Any Craps 7 to 1 Twelve Craps 30 to 1 Eleven 15 to 1 * 5% Commission paid by player on the amount bet. ** 5% Commission paid by player on amount of the payoff. Payout odds Field Bets Proposition Bets Payout odds CRAPS PAYOUT ODDS Rev. 8/10 Seven Feathers Casino Resort is owned by the Cow Creek Band of Umpqua Tribe of Indians.The Free Odds bet has some weird payouts. You get paid 2:1on a point of 4 or 10, 3:2 on a point of 5 or 9, and 6:5 on a point of 6 or 8. To make the payouts simpler, some casinos are now offering 3-4-5x Odds, in whichthe payout is always seven times the amount of the Pass or Come wager, assumingthe player takes the maximum odds.craps odds payouts calculatorBonus Slot

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