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Lesson 3

Why every prop bet is a trap

Any 7, hardways, the horn — ranked by edge

The center of a craps table — field, props, horn — is where the casino makes the most money per square foot of felt. Any 7 pays 4:1 for a 1-in-6 event. True are 5:1. That's a 16.67% — sixteen percent — on a bet that resolves every single roll. You lose ~$1.67 of every $10 you wager. Any Craps (2, 3, or 12) pays 7:1. True are 8:1. : 11.11%. Hardways: hard 4 and hard 10 pay 7:1; true are 8:1 → 11.11% edge. Hard 6 and hard 8 pay 9:1; true are 10:1 → 9.09% edge. All hardways are killed by a 7 or any "easy" way to make the number. Field (2, 3, 4, 9, 10, 11, 12) pays even money with 2 and 12 paying double. Edge: 5.56% — the best of the bad but still 4× Pass+. Compare to the best craps bets: Pass + max is 0.37%. Props are not complementary strategy; they're the fast-lose section. Stickman calls are theater. The dealer shouting "Yo-eleven for the shooter!" is advertising. Your job: smile, don't bet.

Key points

  • ✓Any 7 = 16.67% edge — the single worst bet on the table
  • ✓Any Craps, Hard 4/10 = 11.11% edge
  • ✓Hard 6/8 = 9.09% edge
  • ✓Field = 5.56% edge — still 15× Pass+Odds
  • ✓Pass+Odds at 0.37% makes every prop look obscene