The Odds Bet is a unique feature of Craps that allows players to place an additional bet behind their initial Pass Line or Come Bet once a point has been set. This bet pays true odds, meaning that there is no house edge on the Odds Bet. Players can place Odds Bets at various multiples of their original wager, and the payout varies depending on the point number: typically 2 to 1 on a point of 4 or 10, 3 to 2 on a point of 5 or 9, and 6 to 5 on a point of 6 or 8. The Odds Bet is advantageous because it can help reduce the overall house edge when combined with the Pass Line or Come Bet.
Odds Bet Example
For example, if a player places a $10 Pass Line Bet and a point of 6 is established, they can then place an Odds Bet of $20 behind it. If the shooter rolls a 6 before rolling a 7, the player wins both their Pass Line Bet and their Odds Bet, receiving $10 from the Pass Line Bet and $24 from the Odds Bet (since it pays 6 to 5).