What does it mean to take the odds at the Craps table?
In Craps, it’s all about the odds. Craps relies heavily on the element of chance and that’s why it is very important to understand the odds. To take the odds is to make an additional wager that the point (which is established after the come-out roll) will be rolled again before 7. 7 is statistically most likely roll, so if you take the odds you will get extra money if things turn in your favour.
The above chart shows why a 7 value roll is most likely with a two-dice combination.
Once a point has been thrown, you can then bet up to a certain multiple of your Pass Line wager. If the point is a 6 or an 8, the odds will pay 6 to 5. If the point is a 5 or 9, the odds will pay 3 to 2. If the point is a 4 or 10, the odds will pay 2 to 1.
Laying the Odds is the exact opposite of taking the odds and mirrors the payout / odds ratio of taking the odds.