Craps can be a difficult game to master, especially for newer players. There are many facets to this game, and to understand the phases is one thing, to develop an effective strategy on how to wager it, is another. Some bets are simple to understand, like the Pass or Don’t Pass bet, but others are more complicated. The game can be very intimidating for beginners, especially at a casino were the action can be fast and furious.
Not managing your bankroll
With most casino games, the betting is structured in a way that is slower and allows for bettors to think before taking action. This is not the case with craps. There are many betting options and the action is almost continuous. This is not the ideal situation for anyone that has difficulty managing their bankroll. Honestly, even experienced gamblers have difficulty with craps in this regard. The fact is that a craps table can become a frenzy of activity, and players can get sucked in by the odds to make large plays. If you are not careful, you can go through your bankroll a lot faster than you would in structured games such as three card poker or blackjack.
Making too many bets
As discussed earlier, the craps table has many betting options. Many new players can get carried away with the sheer volume of options. This thins out your percentage chance of winning, as each subsequent bet further dilutes your wagers. The problem with spreading yourself thin is that many of the wagers are mutually exclusive, but many of the newer players will chance long odds with huge payouts. Unfortunately, the odds are long for a reason, and more often than not, chasing them will prove to be fool’s gold.
Using the “double up after a loss” strategy
Employing a negative progression strategy is popular with games such as sports betting or blackjack. In this strategy, you simply keep doubling up your wagers until you win your desired result. The thinking is that the law of averages will eventually take over and you will not lose forever. The problem with this strategy is that it could require a rather large bankroll if you do indeed catch a cold streak. The second is that the game isn’t necessarily binary.
The game has plenty of betting options and part of the charm, like roulette, is the odds. The final issue is that many of the tables have limits, and you can quickly run up against your wagering ceiling if you lose a handful of bets in a row. Craps just simply isn’t the best game to employ this type of strategy, which is more of a blind ladder approach. There are plenty of other games to play this way.
Overall, like most casino games, discipline is the key. Managing your bankroll can get your through the eventual highs and lows that you will encounter over your time gambling.