Craps Betting Systems
There are various betting strategy and systems used in Craps gambling. The biggest fallacy is that using systems swings the odds in your favour. In the Casino game of Craps (Bank Craps) all the bets are in the house’s favour. Although you can place large Free Odds bets to insure your losses and reduce the house’s edge, this also reduces the amount you can win. Remember that to place Free Odds bets (0% house edge) you need to have placed a Pass/Don’t Pass Line bet, meaning the overall odds are still negative value.
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The Paroli System
This is my favourite system for Craps. It is a positive progressive betting system where you increase your bets after winning, but decrease your bets when you lose. The advantage is that is never forces you to wager more money than your starting bet.
| Bet | Outcome | Net Win |
| $5 | Win | $5 |
| $10 | Win | $15 |
| $20 | Win | $35 |
The Martingale System
This is the system most players are familiar with. It involves placing 50/50 bets in craps such as the Pass Line/Don’t Pass. When you lose, you double your wager next time. E.g. lose $5, bet $10.
The Martingal system is very dangerous however. Just like doubling up in Blackjack, you can end up making massive wagers after just a few losses. On average, every 4 hours you’ll lose 9 coin flips in a row. This equates to making a $1,280 wager from starting at $5 and losing 9 times.
The Iron Cross Betting System
The Iron Cross system isn’t really it a system at all. It involves placing a series of specific Free Odds and Field bets so that the House edge is minimised. It works by placing a field bet and a bet on the numbers 5, 6 and 8. (The field bet pays 1:1 when the dice lands on a 3,4,9,10,11 and 2:1 on 2 or 12). Basically you win on any number other than 7, meaning you win 80% of the time.
The problem with this system is that it isn’t technically profitable. Although you’re guaranteed to win 80% of the time, you lose all of your bets if the dice rolls a 7 which means the house maintains an edge of about 4% overall.
