Part I: Games & Gaming · Dice Games — Craps & Sic Bo

Free Odds (Odds Bet)

Craps

An additional wager that can be placed behind an established pass line, don’t pass, come, or don’t come bet after a point has been set. The odds bet pays at true mathematical odds with absolutely no house edge, making it the only bet in the casino where the player faces no mathematical disadvantage. For pass line and come odds, the payouts are 2:1 on 4 and 10, 3:2 on 5 and 9, and 6:5 on 6 and 8. For don’t pass and don’t come odds (“laying odds”), the payouts are reversed: 1:2 on 4 and 10, 2:3 on 5 and 9, and 5:6 on 6 and 8. The amount of odds a player can take is limited by the casino’s odds multiple policy.

In practice

Because the odds bet has zero house edge, casinos carefully track odds multiples and ensure dealers properly separate odds bets from flat bets on the layout for accurate payout.

One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.