Casinos almost always have their odds published on the table. An odds bet is a supplement to the original pass line bet and it can range anywhere from 1 to 100 times your original bet, depending on the house odds. A pass line bet with odds cannot be made on the “come out roll”, as it can only be made after the point is set. For example, if you were betting $5 on a pass line bet and the point got set to 4, you could place an equivalent or larger bet just below your original wager and play online blackjack.
Place the chips half-on and half-off the bottom of the pass line. If on the next roll a 4 is hit you win your pass line bet back, and an additional sum of money derived from the odds bet. In this case, the payoff is 2 to1 on the odds bet. The actual number the point is set to determines the payout on odds bets. If the point is set to 4 or 10, odds bets are paid back at 2 to 1 odds. If the point is set to 5 or 9, odds bets are paid back at 3 to 2 odds. If the point is set to 6 or 8, odds bets are paid back at 6 to 5 odds.
The odds bet is usually explained as being an intelligent bet in the game of craps. This is because the more you wager (double, triple, quadruple odds bet) the lower the house edge drops. A standard pass line bet holds a house edge of 1.41% – respectable, and compared to many other casino games you have to choose from its downright excellent, but take into account the potential for odds betting and it’s a whole different story. The house edge on a pass line bet with ten times odds is an incredible 0.18%.
For quick reference about how to play blackjack and take the advantage derived from each stage of odds bets.