CRAPS
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|The Elements Of The Game| |The Right Bettor| |The Wrong Bettor| |Figuring The Odds| |Refinements| |Sucker Traps|
4.INSURING BETS
Considering how bad the proposition bets are for players, the question arises: Why do they get so much play? One reason is that the high payoff odds are attractive to some bettors, particularly those who have been losing heavily and are desperate for any chance to recoup quickly. Another reason is that during a hot hand, players want to get as much money as possible down on the point numbers. To some unthinking gamblers, the hardway bets seem like just one more way of doing this. However, the most common, and the silliest, reason for making proposition bets is to try to reduce the risks involved in your line bets. The one-roll bets in the center of the layout all pertain to the five non-point numbers, 2, 3, 7, 11, and 12. These propositions receive play mainly on the come-out roll. A player who is betting the pass line may find that he is losing because the shooter is crapping out too often. As a result, he decides to protect his line bet by making an any-craps wager on the come-out.
Similarly, a wrong bettor may realize that the odds favor the wrong bettor after the come-out. He knows that he faces his greatest chance of losing on the come-out because of the high probability of the shooter rolling a natural. He decides to eliminate that risk by making an any-seven bet or both an any-seven and an 11 bet on each come-out. He figures that, if the shooter throws a natural, the profit from the proposition bet will more than compensate for his loss on his don't-pass bet. Gamblers refer to such strategies as "betting both sides of the table. " Another good description is betting against yourself.
Still another wrong bettor may have read somewhere that the reason the house has an advantage over wrong bettors is because it bars the 6-6 roll. By making a 12 bet on every come-out in addition to ,1 don't-pass bet, he figures to make a profit every time the shooter loses and thereby outsmart the casino.
All these approaches are efforts to insure the line bet against a loss on the come-out. They sound good if you don't think about them too hard. In fact, some players actually succeed in convincing themselves that they have come up with a foolproof system for beating the house with these betting combinations. The myriad bets offered by craps makes it possible for a bettor to succeed in confusing himself with a combination of contradictory bets and to delude himself into thinking he has somehow swung the percentages in his favor. A little reflection will show this is impossible. Every single wager at craps has a negative expectation for the player. Anyone \\Tho has had high-school math knows that you cannot add two or more negatives and end up with a positive, no matter how you combine them. The best you can do at craps is to stick to those bets that ha\Te the smallest negatives attached to them.
All you accomplish by attempting to protect a line bet with a proposition bet is to impose a drain on your line bet profits every time the proposition bet doesn't win. Trying to protect a wager that has only a - 1.4 percent expectation with another wager that has a massive II. I percent disadvantage does not make sense. Gambling will always involve risk. Misguided efforts to "insure" against losing will remove the risk only to the extent that they help ensure that you end up a loser. see more > > >
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