Can You Make Money Playing Craps?
Recently updated on January 1st, 2023
Everybody wants to make money while playing craps, so how easy is it to get enough to live on? To be completely honest, it’s possible, but only if you have a large bankroll and a few tricks up your sleeve.
Our experts decided to find out by reviewing popular betting strategies, odds, and other advice. In this quick guide, we’ll tell you everything you need to know to win at craps.
This information is based on averages and long-term gameplay. There is no accurate way to predict the outcomes when you bet in the casino (or get money back).
How to Make Money Playing Craps
According to the experts, the best way to start making money playing craps is to learn everything about the game. This means knowing the rules, house edge, payouts, odds, and bets on the table. With this knowledge in mind, you can start planning your bankroll and how much you’re willing to lose.
Many craps players believe that progression betting systems and prop bets will increase your bankroll if you try hard enough. However, there’s a flaw to this theory: you can’t always afford to lose money on playing craps online or live for hours.
So, you should budget for your stakes, like a bet on the pass line, proposition bets, don’t come bets, and so on. If you want to take multiple options, ensure that you’re only using about 10% of your bankroll at a time. That way, you can play for a long time without losing it all on single craps bets.
Expert Breakdown of Wins and Losses
It’s probably not a surprise that casinos make money regardless of whether you win or lose. But they actually turn a profit on your wins at the craps table. While craps has a house edge of 1.41%, every bet has a higher or lower advantage based on the odds.
So, how can you make money playing craps if the casino is skimming money off of your wins?
According to Henry Tamburin, a well-known gambling author, you need to work out the cost of the house edge. In an article talking about making money playing craps, he broke it down to time and overall money.
Theoretically, you need to factor in both the estimated house edge and the average wins you could have over 100 rolls per hour. In the tables below, he broke down the average costs with the advantage factored in:
As you can see, the averages aren’t in your favor, which is why casinos can make so much money on your wins. Plus, they already keep your lost bets on rolls of the dice that land on other outcomes.
Making Money Playing Craps
Now that you know the mathematical side of things, it’s time to break it down further. You can make money playing craps, but you can also lose if you aren’t careful. We don’t want to be generic, so we’ll say this: keep careful track of your wins and losses. Then, ensure you’re getting a break from playing as often as possible.
While it might seem counter-intuitive to walk away from a hot table while gambling, it will help you keep your budget in check. Every game of craps is different, especially the edge at certain casinos for the pass line bet or field bets.
So, carefully research before you play and you should be winning in no time.