Great video! Only thing that's missing is a few minutes of slow talked through game play of a real life scenario. I think that would help visualize everything.
Excellent video series!! I played craps for only the second time ever in Reno recently and accidentally did what you advised in this video. I only had a $100 bankroll to start with. Over the course of the first half hour or so, I bet only Pass bets and had only $50 left. Then one of the more experienced players standing near me recommended doing the pass odds bets. After some luck with those bets, I then started making place bets. At no time did I have more than two numbers I was working, and mostly it was the 6 or 8 points. End result after another 90 minutes of play was I walked away from the table with $382 and this after tipping the new $100 that I started with. I realized that it was entirely luck the the table was hot and that I had found a way to make a steady grind riding that wave. It could've gone the other just was easily but I was happy.
I've struggled to learn the game for a long ass time, but for some reason I think it clicked tonight. I thought about how this game may have been created. You're playing around with some dice and roll a number. Then, your buddy says I bet you can't do that again. Another guy says I bet you roll # instead ... and so on. The pass or don't pass part trips me up still, I think. If I'm understanding it correctly, betting on pass just means you are betting the roller is going to establish a legitimate point and not crap out - i.e. anything besides 2, 3, 12 ... BUT, if it's 7 or 11, you win immediately (kinda like a blackjack). "Don't pass" is betting ON 2, 3, or 12 on the opening roll. But, once a point is established, 7 or 11 becomes the "bad guys" so you're betting that you're going to hit that point again, or some other combination BESIDES 7 or 11 (where don't pass would win). Is this correct???
You're close but not quite. So think of each of the bets as a 2 part wager. If you bet on the pass line part 1 is when no point as been established so if you walk up to an empty table with no one playing and make a pass line bet this is where it will start. 7 or 11 you win, 2, 3 or 12 you lose, any other number it goes to part 2 of the bet. Say you roll a 6 and it goes to part 2 of the bet, from this point on the only numbers that matter to the pass line bet are 6 or 7. If you roll a 6 (again) the pass line wins, if you roll a 7, pass line loses, the dice are passed to the next shooter and it goes back to part 1 of the bet.
Don't pass is the opposite, in part 1, you lose on 7 or 11, win on 2, 3 or 12 (well you will push on either 2 or 12 depending on the casino, it will be marked on the table and say either bar 2 or bar 12 which ever one it says is the one your bet will push on) and go to part 2 for any other number. Once the don't pass bet is in part 2, it is still the opposite of pass line. Lets use the same example and say you rolled a 6 to go from part 1 to part 2, the don't pass bet will lose if you roll a 6 the second time but it will win if you roll a 7.
I'm brand new to this game and I've been trying to figure it out with all sorts of videos. No video out there explains craps as good as this one. I learned everything I wanted to know here. Thank you
@@MrJamesmaco It's true regardless of the "streak", because you are paid the "Incorrect" odds whenever you win a bet. That's why there is no such thing as a Professional Craps Player.
You can't win just one of your Don't bets. You either win all of them at the same time, or you lose when the point or DC numbers get picked off one at a time.
Pertaining to a perfect system, it exists but you can only pull it off if you're a high roller. If you're a big fish you can sometime negotiate a discount on losses with the casino. If you get, say, 10%, you get someone you know on the table to bet the opposite of you. One of you will win, and the other will lose, but only be responsible for 90% of the debt (losses). You win 10% every single time. Has anyone ever tried this?
Thanks Stevefor an excellent video. "Don't betters" will lead you to believe that they have an incredible advantage over pass line betters. It's all BS. If they think that casino is going to give them a much better advantage than a pass like better they are just living a dream. Don't betters have about a nickel out of a $100 advantage. Wow! Either one acceptable. Pass line is much more fun. Just don't play the center sucker bets. Like Steve says you gotta play the best bets and hope to get lucky.
I'm glad that the last comment is only a few days old so that I know this video is still active. There are, in fact, 2 unbeatable systems that you can use and never lose; one is easy and one is hard. The easy one: sometimes you'll get a free bet voucher on the table as a comp in the mail. You can keep winning on it until you lose but even if you lose on the first role, it was free. The problem; you can only do it once.
Hi Steve, recently I've played around with betting only on prop bets with $5 on each of the 4. I rolled dice at home,played craps on your wizard of odds website,and in casino and phone apps. I've come out ahead much more often than not on all different platforms. But I do leave when I'm $200 ahead everytime. Is this pure luck or is there some form of strategy to that style of betting? What are the odds for all these bets combined ? Maybe thats the wrong way to ask. thanks!
bill1957111 Actually, there are some games where you can be a long-term winner over the casino, but craps is not one of them. Blackjack and video poker are two games where it can be done. There are some people who believe that you can learn to control the dice when playing craps, but I didn't delve into that subject. If you could control the dice and throw certain numbers more than others then, yes, you could get an advantage at the game of craps. However, this topic is controversial and it is not a proven fact that it can be done. Maybe, in the future, we will do a video on the subject of controlled dice shooting to explore it further.
+Annunaki2012return We have an open invitation to do a video at a class where they teach controlled dice shooting. We just need to find the time to schedule a trip to where they are hosting one of their classes elsewhere in the country.
Is there a strategy of making 'Don't Pass' bet while making a place bet as well? If your place bets hit, then you get paid and when a 7 is rolled you would win again. Yes? No?
Let me start by saying best videos on craps I’ve seen. Now if you could make new videos without stating all the percentages because it’s like information overload lol. Also if you could go all the way through the “positive” bets without mentioning the “negative” as in don’t come bets until you are done with the positive bets. It would be so much easier to follow. And finally if you could slow down and go a little more in-depth while explaining the first couple of bets as in bets on the pass line and the bet you put right behind it then the bets on specific numbers like 4,6,8, etc then the field. The reason I’m saying this is I feel that a better more thorough explanation of those first basic bets would be incredibly helpful. Like I said at the beginning of this comment though this is the best “how-to” video on craps I’ve seen. I’ve already downloaded the app and will be buying the book as well Thank you for the videos
Is it true that it would be better to just bet the pass line with max odds you can afford rather than betting an additional two come bets and only playing minimum free odds on all your bets? Neal
+wardn53 Yes. You would be giving the casino the lowest house edge if you only made a pass line bet with the maximum odds that you could afford. With a pass line bet and triple odds, the casino advantage on your entire bet would only be .47% If the casino offered 10 times odds, the advantage would only be .18%.
@@TheJackpotGents Hi, I enjoyed your video in comparison with others and appreciative of your replies. Along the same theme as this question above, if the shooter establishes a point of 4 or 10 and we're on the pass line, would it be more effective (with a limited bank roll of less than $500) to only put odds on our PL bet and NOT play the come bets (and subsequent odds)....due to the much higher likelihood of the shooter rolling a 7 before that 4 or 10 point? In essence, since we know the point, we can take out another level of risk. Thanks in advance.
@@markwallace7441 Well the odds bet behind your pass bet has no house edge so the more money you put behind it, the lower the overall house edge becomes on your total bet of pass line + odds. The 4 and 10 may be harder to make than other numbers before sevening out, but they also pay more to make up for that. The odds on those 2 numbers pays 2 to 1 so you get double what you bet if you win. With a limited bankroll, your best bet would be to bet the table minimum on the pass line and then bet at LEAST single odds behind it. Just adding single odds drops the house edge rather significantly
You say to stay at 3 bets on don't pass/don't come, and only add another don't come bet if one of your other don't pass/don't come bets wins....wouldn't they all win if one wins? Isn't it just 7 that can win that bet, or am I totally confused?
I mean, I know 7 kills a don't pass or don't come bet before the dp/dc point is established, but this sounded like the point and the two don't come points were already established. Perhaps there's my misunderstanding? Otherwise, I really enjoy your videos. Cheers!
thanks for replying! love the videos, by the way, just still learning this game and i want to make sure I know the best way to lower house edge and fully understand how these bets work. in essence, if one of my dp/dc bets loses, then add another dc bet? I think I got it.
I don't understand why the odds of rolling doubles is different for different numbers. How is rolling two 3s easier to get than two 6s. Isn't it 1 out of 36 for any double
You are correct that the odds of rolling two threes on two dice is the same as rolling two sixes on two dice. However, that is not the bet that you are making. Twelve is a one-roll bet and you only win if a 12 is thrown. With a hard six bet, you win if two threes are rolled and lose if 1-5, 5-1, 4-2, 2-4 or any combination of seven is rolled. Any other number rolled is irrelevant and you just keep shooting until you get one of the mentioned numbers.
Any specific outcome is 36-1. There are multiple "ways" for a number to show. Of 36 ways a 7 is most likely with 6 ways to show.a 4, for instance can show 3 possible wsys. That is why true odds on a 4 is 2-1. Study the ways and the odds, and remember craps is a series of independent trials.
Very helpful. New Craps player after many years of blackjack. Can u raise the odds bet during a roll once the point has been established? Or once u place let's say $10.00 down for odds once the point has been established, then you are done?
The subject of dice control is somewhat controversial. Some think it works and others do not. People can learn to do amazing things with physical dexterity, so perhaps it could be true? However, I think very few people could actually master it. The other problem is that it would be rather obvious to anyone in the casino that you were attempting to control the dice simply by the way you handle them. Noted blackjack authority Stanford Wong initially believe in dice control and published a book on the subject. However, after time he changed his mind and thought he couldn't mathematically prove that he was a long-term winner and he no longer believes in dice control. It could be argued, however, that perhaps his ability wasn't good enough to master the skill needed, but others are capable of doing it?
Wait wait wait wait a fuckin second I've only played craps 3 times but all 3 times they had what the dealer called a "1,1,1" bet. I was betting $1 that I'd roll 2,3,4, 5 and 6 before 7, I bet $1 that I'd roll 8,9,10,11 and 12 before 7 and $1 on all them shits before 7. Did I miss the explanation for this bet? I watched all 3 of your videos (very well done btw) and I seem to have missed the explanation for these bets
Boooooring, forget that.... here’s my new strategy... I’d rather bet max and get lucky! Max bet high; max bet field; max bet c&e; max bet hi-lo; max bet twelves! Go big or go home! Won 5 grand in 2 hours! Hit 12 seven times!
7:47, “we’ve gone over all the possible ways to win at the game of craps.... UNFORTUNATELY..” I swore he was going to say, “Unfortunately, there is no way to win.”
The luck is betting more on a hot shooter there is no such thing as a smart bet. You can make smart bets and claim that you won or will win but by how much? If the shooter was a robot that was programed to hit all the points yeah bet on odds and minimum place bets. My perspective is this the strategy is not so much what the outcome of the dice but how much you are willing to bet. You can learn all the strategies to play in every casino game but the true odds are what the casino psychologically tries to limit you in betting.
The house always has the edge that's how they make their cash. But knowing how to make bets that put the odds in your favor is always a better move than blindly tossing money on the table. There isn't a situation in the world where it would hurt you to know more about what you're doing.
@@Bonezz024 That makes no sense. You say the house "always has an edge", bet then you say "knowing how to make bets that put the odds IN YOUR FAVOR is always better". There is no way of betting that puts the odds in your favor on a craps table.
Actually, it is just the opposite. If a bet pays 5-to-1, you will win five chips, plus you get your original bet back. If a bet pays 5-for-1 you will win five chips and the casino will keep your original bet.
Great video! Only thing that's missing is a few minutes of slow talked through game play of a real life scenario. I think that would help visualize everything.
Excellent video series!! I played craps for only the second time ever in Reno recently and accidentally did what you advised in this video. I only had a $100 bankroll to start with. Over the course of the first half hour or so, I bet only Pass bets and had only $50 left. Then one of the more experienced players standing near me recommended doing the pass odds bets. After some luck with those bets, I then started making place bets. At no time did I have more than two numbers I was working, and mostly it was the 6 or 8 points. End result after another 90 minutes of play was I walked away from the table with $382 and this after tipping the new $100 that I started with. I realized that it was entirely luck the the table was hot and that I had found a way to make a steady grind riding that wave. It could've gone the other just was easily but I was happy.
I've struggled to learn the game for a long ass time, but for some reason I think it clicked tonight. I thought about how this game may have been created. You're playing around with some dice and roll a number. Then, your buddy says I bet you can't do that again. Another guy says I bet you roll # instead ... and so on.
The pass or don't pass part trips me up still, I think. If I'm understanding it correctly, betting on pass just means you are betting the roller is going to establish a legitimate point and not crap out - i.e. anything besides 2, 3, 12 ... BUT, if it's 7 or 11, you win immediately (kinda like a blackjack). "Don't pass" is betting ON 2, 3, or 12 on the opening roll. But, once a point is established, 7 or 11 becomes the "bad guys" so you're betting that you're going to hit that point again, or some other combination BESIDES 7 or 11 (where don't pass would win).
Is this correct???
You're close but not quite. So think of each of the bets as a 2 part wager. If you bet on the pass line part 1 is when no point as been established so if you walk up to an empty table with no one playing and make a pass line bet this is where it will start. 7 or 11 you win, 2, 3 or 12 you lose, any other number it goes to part 2 of the bet. Say you roll a 6 and it goes to part 2 of the bet, from this point on the only numbers that matter to the pass line bet are 6 or 7. If you roll a 6 (again) the pass line wins, if you roll a 7, pass line loses, the dice are passed to the next shooter and it goes back to part 1 of the bet.
Don't pass is the opposite, in part 1, you lose on 7 or 11, win on 2, 3 or 12 (well you will push on either 2 or 12 depending on the casino, it will be marked on the table and say either bar 2 or bar 12 which ever one it says is the one your bet will push on) and go to part 2 for any other number. Once the don't pass bet is in part 2, it is still the opposite of pass line. Lets use the same example and say you rolled a 6 to go from part 1 to part 2, the don't pass bet will lose if you roll a 6 the second time but it will win if you roll a 7.
Thank you for these three videos. I am hopeless and will never understand the game fully, but Steve is a great teacher.
I'm brand new to this game and I've been trying to figure it out with all sorts of videos. No video out there explains craps as good as this one. I learned everything I wanted to know here. Thank you
agreed, hats off to Steve
You can just tell Steve parties hard.
Possibly the only person on TH-cam telling you the truth about craps: Played honestly, it's unbeatable in the long run.
Except for blackjack that's probably every game in the casino
That would be true if you only flat bet and never press a winning streak.
@@MrJamesmaco It's true regardless of the "streak", because you are paid the "Incorrect" odds whenever you win a bet. That's why there is no such thing as a Professional Craps Player.
You can't win just one of your Don't bets. You either win all of them at the same time, or you lose when the point or DC numbers get picked off one at a time.
Great videos!! Best on TH-cam by far.. In your final betting scenario what is the house edge if you only place one combat instead of two?
I forgot to ask. Do you have videos on how to play Roulette? I love that game! I would love to see videos on that as well
You can see our video on roulette, here - th-cam.com/video/NJ0IszgNhiM/w-d-xo.html
Pertaining to a perfect system, it exists but you can only pull it off if you're a high roller. If you're a big fish you can sometime negotiate a discount on losses with the casino. If you get, say, 10%, you get someone you know on the table to bet the opposite of you. One of you will win, and the other will lose, but only be responsible for 90% of the debt (losses). You win 10% every single time. Has anyone ever tried this?
Wow, that's savage!
make casinos great again
Thanks Stevefor an excellent video. "Don't betters" will lead you to believe that they have an incredible advantage over pass line betters. It's all BS. If they think that casino is going to give them a much better advantage than a pass like better they are just living a dream. Don't betters have about a nickel out of a $100 advantage. Wow! Either one acceptable. Pass line is much more fun. Just don't play the center sucker bets. Like Steve says you gotta play the best bets and hope to get lucky.
I'm glad that the last comment is only a few days old so that I know this video is still active. There are, in fact, 2 unbeatable systems that you can use and never lose; one is easy and one is hard. The easy one: sometimes you'll get a free bet voucher on the table as a comp in the mail. You can keep winning on it until you lose but even if you lose on the first role, it was free. The problem; you can only do it once.
So what's the hard system?
thank you steve, i finally understand the game of craps now! tysm i really enjoy yalls other videos too, best of luck!
i played craps with the toilet, now theres shit everywhere!
Hi Steve, recently I've played around with betting only on prop bets with $5 on each of the 4. I rolled dice at home,played craps on your wizard of odds website,and in casino and phone apps. I've come out ahead much more often than not on all different platforms. But I do leave when I'm $200 ahead everytime. Is this pure luck or is there some form of strategy to that style of betting? What are the odds for all these bets combined ? Maybe thats the wrong way to ask. thanks!
I always find a cold table and bet the dont pass over and over. When the table gets hot, i leave
the only way to win at ANY game in the casino is to leave when your up!
bill1957111 Actually, there are some games where you can be a long-term winner over the casino, but craps is not one of them. Blackjack and video poker are two games where it can be done. There are some people who believe that you can learn to control the dice when playing craps, but I didn't delve into that subject. If you could control the dice and throw certain numbers more than others then, yes, you could get an advantage at the game of craps. However, this topic is controversial and it is not a proven fact that it can be done. Maybe, in the future, we will do a video on the subject of controlled dice shooting to explore it further.
+americancasinoguide can you do the controlled dice video now
+Annunaki2012return We have an open invitation to do a video at a class where they teach controlled dice shooting. We just need to find the time to schedule a trip to where they are hosting one of their classes elsewhere in the country.
+Annunaki2012return
There are many books about dice control that you can find on Amazon.
bill1957111 can't you give any intelligent advice on how to make money?
Is there a strategy of making 'Don't Pass' bet while making a place bet as well? If your place bets hit, then you get paid and when a 7 is rolled you would win again. Yes? No?
Let me start by saying best videos on craps I’ve seen. Now if you could make new videos without stating all the percentages because it’s like information overload lol. Also if you could go all the way through the “positive” bets without mentioning the “negative” as in don’t come bets until you are done with the positive bets. It would be so much easier to follow. And finally if you could slow down and go a little more in-depth while explaining the first couple of bets as in bets on the pass line and the bet you put right behind it then the bets on specific numbers like 4,6,8, etc then the field. The reason I’m saying this is I feel that a better more thorough explanation of those first basic bets would be incredibly helpful. Like I said at the beginning of this comment though this is the best “how-to” video on craps I’ve seen. I’ve already downloaded the app and will be buying the book as well
Thank you for the videos
I can teach you
Is it true that it would be better to just bet the pass line with max odds you can afford rather than betting an additional two come bets and only playing minimum free odds on all your bets?
Neal
+wardn53 Yes. You would be giving the casino the lowest house edge if you only made a pass line bet with the maximum odds that you could afford. With a pass line bet and triple odds, the casino advantage on your entire bet would only be .47% If the casino offered 10 times odds, the advantage would only be .18%.
@@TheJackpotGents Hi, I enjoyed your video in comparison with others and appreciative of your replies. Along the same theme as this question above, if the shooter establishes a point of 4 or 10 and we're on the pass line, would it be more effective (with a limited bank roll of less than $500) to only put odds on our PL bet and NOT play the come bets (and subsequent odds)....due to the much higher likelihood of the shooter rolling a 7 before that 4 or 10 point? In essence, since we know the point, we can take out another level of risk. Thanks in advance.
@@markwallace7441 Well the odds bet behind your pass bet has no house edge so the more money you put behind it, the lower the overall house edge becomes on your total bet of pass line + odds. The 4 and 10 may be harder to make than other numbers before sevening out, but they also pay more to make up for that. The odds on those 2 numbers pays 2 to 1 so you get double what you bet if you win. With a limited bankroll, your best bet would be to bet the table minimum on the pass line and then bet at LEAST single odds behind it. Just adding single odds drops the house edge rather significantly
bets that show the payoff odds are a good sign they are sucker bets
These videos need don't gameplay to back up the talking to make it easier to understand
the hornbet sounds fun XD maybe just once...
F. Lpez what is XD? I keep seeing it online but have no idea what it means. Thanks
@@prepperjonpnw6482 it's meant to be a laughing face.
You can put odds bet on the come betи
Outstanding video. I have learned a lot from your videos
Awesome, thank you!
The best.
i get lucky every night... should i play craps?
Go for it. It's probably less expensive...
You say to stay at 3 bets on don't pass/don't come, and only add another don't come bet if one of your other don't pass/don't come bets wins....wouldn't they all win if one wins? Isn't it just 7 that can win that bet, or am I totally confused?
I mean, I know 7 kills a don't pass or don't come bet before the dp/dc point is established, but this sounded like the point and the two don't come points were already established. Perhaps there's my misunderstanding? Otherwise, I really enjoy your videos. Cheers!
All of those Don't bets would win, if one wins. I believe that this was addressed in the video around the 12:07 mark.
thanks for replying! love the videos, by the way, just still learning this game and i want to make sure I know the best way to lower house edge and fully understand how these bets work. in essence, if one of my dp/dc bets loses, then add another dc bet? I think I got it.
I only play Don't Pass and lay the maximum odds. What are your thoughts about about doing Place bets on the 6 and 8 at the same time?
Did you watch the series?
Get 6 and 8 for 24 ea. Lay the 10 or the 4 for 100.
Could this game BE any more complicated?????
I don't understand why the odds of rolling doubles is different for different numbers. How is rolling two 3s easier to get than two 6s. Isn't it 1 out of 36 for any double
You are correct that the odds of rolling two threes on two dice is the same as rolling two sixes on two dice. However, that is not the bet that you are making. Twelve is a one-roll bet and you only win if a 12 is thrown. With a hard six bet, you win if two threes are rolled and lose if 1-5, 5-1, 4-2, 2-4 or any combination of seven is rolled. Any other number rolled is irrelevant and you just keep shooting until you get one of the mentioned numbers.
So the bet stays on the table for multiple rolls. That makes sense. Thanks
Any specific outcome is 36-1. There are multiple "ways" for a number to show. Of 36 ways a 7 is most likely with 6 ways to show.a 4, for instance can show 3 possible wsys. That is why true odds on a 4 is 2-1. Study the ways and the odds, and remember craps is a series of independent trials.
Very helpful. New Craps player after many years of blackjack. Can u raise the odds bet during a roll once the point has been established? Or once u place let's say $10.00 down for odds once the point has been established, then you are done?
You can raise, lower, or remove, your free odds bet whenever you want.
Also if you buy his book you will learn way more than the video covers
@Americancasinoguide what about dice control, can you win with that?
The subject of dice control is somewhat controversial. Some think it works and others do not. People can learn to do amazing things with physical dexterity, so perhaps it could be true? However, I think very few people could actually master it. The other problem is that it would be rather obvious to anyone in the casino that you were attempting to control the dice simply by the way you handle them. Noted blackjack authority Stanford Wong initially believe in dice control and published a book on the subject. However, after time he changed his mind and thought he couldn't mathematically prove that he was a long-term winner and he no longer believes in dice control. It could be argued, however, that perhaps his ability wasn't good enough to master the skill needed, but others are capable of doing it?
Not confusing at all
It's the way he tells it, too much jargon and who cares about casino percentage
The percentages are literally the entire point of the series. Giving yourself an edge where you can take it is the best way to play.
Wait wait wait wait a fuckin second I've only played craps 3 times but all 3 times they had what the dealer called a "1,1,1" bet. I was betting $1 that I'd roll 2,3,4, 5 and 6 before 7, I bet $1 that I'd roll 8,9,10,11 and 12 before 7 and $1 on all them shits before 7. Did I miss the explanation for this bet? I watched all 3 of your videos (very well done btw) and I seem to have missed the explanation for these bets
You ever notice there is never a line at the cashiers cage? When you start winning big, I swear to god they put a bad luck 'Cooler' in the game.
How is the house edge calculated?
+First Last It's all based on math and probabilities.
Love this guy
Boooooring, forget that.... here’s my new strategy... I’d rather bet max and get lucky! Max bet high; max bet field; max bet c&e; max bet hi-lo; max bet twelves! Go big or go home! Won 5 grand in 2 hours! Hit 12 seven times!
7:47, “we’ve gone over all the possible ways to win at the game of craps.... UNFORTUNATELY..”
I swore he was going to say,
“Unfortunately, there is no way to win.”
No Tall Small Make em All?
The luck is betting more on a hot shooter there is no such thing as a smart bet. You can make smart bets and claim that you won or will win but by how much? If the shooter was a robot that was programed to hit all the points yeah bet on odds and minimum place bets. My perspective is this the strategy is not so much what the outcome of the dice but how much you are willing to bet. You can learn all the strategies to play in every casino game but the true odds are what the casino psychologically tries to limit you in betting.
The house always has the edge that's how they make their cash. But knowing how to make bets that put the odds in your favor is always a better move than blindly tossing money on the table.
There isn't a situation in the world where it would hurt you to know more about what you're doing.
@@Bonezz024 That makes no sense. You say the house "always has an edge", bet then you say "knowing how to make bets that put the odds IN YOUR FAVOR is always better". There is no way of betting that puts the odds in your favor on a craps table.
to one means the original bet is kept for one means they return the original bet with the winnings
Actually, it is just the opposite. If a bet pays 5-to-1, you will win five chips, plus you get your original bet back. If a bet pays 5-for-1 you will win five chips and the casino will keep your original bet.
you leave out hedging your bets