The Riv Offers 1,000-Times Odds on Craps
The Riviera Hotel & Casino, on the north end of the Vegas Strip, has announced it now offers 1,000-times odds on its craps tables.
In craps, “odds” bets are used to increase a “Pass Line” bet, and are considered one of the best bets in a casino, if not the best, because of the low house edge.
After an initial bet is placed on the Pass Line (say $5), and a number is established (on the first roll, 7 and 11 win, 2,3 and 12 lose), the odds bet is placed behind the line, and that bet pays according to the number being attempted. It’s easier than it sounds with a little practice. Learn more about the game, and more about the odds in craps.
Theoretically, that original $5 Pass Line bet could be backed up with 1,000 times odds, or $5,000. If the number being hit is a 4 or 10, that $5,000 would pay 2-to-1, or $10,000 (as long as the number hits before a seven). The Pass Line in craps always pays even money.
Which brings up an interesting point. How many craps players actually place the maximum odds behind the line, especially when it’s more than, say, 10- or 20-times odds? Yeah, that’s kind of this blog’s impression, too. So, while it makes for a great story, we’re not entirely sure there are tons of craps fans lining up to back up their $5 bet with $5,000.
Why not announce million-times odds? Somebody get on that, please. This blog loves having an excuse to talk about craps.