Craps Sucker Bets
Written August 22, 2008 by Jack Jones
In the casino one defines bet quality by how much of a house edge is present. This means that over the long haul the casino’s percentage earned on every dollar wagered. If the edge is high, then more of your money is likely to end up in the hands of the casino and out of your wallet. If the edge is low, then you’ll have a greater chance of coming out ahead or at least not losing as much.
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In craps, proposition bets like the seven have what seem to be high payoffs, but the house edge is just too high for us to recommend you lay down your wagers on them. The seven is a sucker bet because it is the worst wager on a crap game. The house edge is up to 16.7% on this one, which is extremely high. You should take a look at the pass line wager, which has a measly 1.41% for a house edge. There is where the value is on the craps table.
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