The one set of bets that are horrible are all of the “one roll” bets. Bets where you bet on the outcome of a single roll are all found in the center of the table. They all have a house edge of between 11.1 and 16.9.
These bets include “any craps” which is a bet that the next roll of the dice will be a 2, 3, or 12. If the dice come up as a 2, 3, or 12, the payout is 7 to 1. The house advantage is 11.1. Similar is betting on either the 3 or the 11. Either bet pays 15 to 1, and the house advantage is still 11.1. You can bet the “Big 7” which pays 4 to 1, but has a house advantage of 16.9.
So how exactly do we make money on Craps, if all bets are losers? There are many theories and tactics. Some people recommend things like trying to control the dice and can make them land on a certain number. That won’t work. The game can’t be rigged, it can’t be cheated, and it can’t be beat in the long term.
It CAN be beat in the short term by being a smart player. That is where we find the fun. More on that later.