Arts, Music, and Recreation Hobbies & Activities Craps 3-4-5 Times Odds Share Flipboard Email Print Dice game at the Dunes Hotel circa 1965. Photo Courtesy (Getty Images) Hobbies & Activities Gambling Basics Strategies & Tips Casinos Sports Gambling Hiking Paddling Fishing Sailing & Boating Scuba Diving Playing Guitar Painting Playing Piano Drawing & Sketching Collecting Card Games Other Hobbies View More by Bill Burton Updated July 14, 2017 Casinos can be intimidating places and the games offered a little confusing, but did you know that the best bet on the craps table has no house edge? Did you know that it isn't shown anywhere on the layout? That's right! There's no mention of "odds" anywhere on the table! You do have to have a Pass bet or a Don't Pass bet to take odds on, but then you're on your own. If you know about odds, great. If you don't, you'll miss the best bet in the casino.If you know how to play craps, you know that a new shooter has to place a wager on the Pass Line or the Don't Pass Line. Once that new point of 4, 5, 6, 8, 9 or 10 is made, they can just keep shooting. The odds bet, which has ZERO house edge, is not mandatory. It's an optional bet.The Pass Line always pays even-money, but the real beauty of the Odds wager is that you are paid the true odds of the point rolling! To make the wager, simply place chips behind your original Pass Line bet on the craps layout. This wager can be made for at least equal to your Pass Line bet, so if you have an original wager of $10, put another $10 behind it, to take odds. The specific amount you should wager depends on the point number.If the point is 4, 5, 9 or 10, match your bet. If the point is 6 or 8, bet $6 in odds for every $5 you have on the Pass Line. When the shooter makes their point, you'll get a much bigger payoff.Pass Line Odds PayoffsIf the point is 4 or 10 you are paid 2 to 1 on your Odds wagerIf the point is 5 or 9 you are paid 3 to 2 on your Odds wagerIf the point is 6 or 8 you are paid 6 to 5 on your Odds wagerMost casinos allow you to take double odds on you pass line bet. That means if you put $5 on the pass line, you would be allowed to make an odds bet of $10.Your pass line bet has a house edge of 1.41 percent. The Odds bet has no house edge, so by taking it, you lower the house edge on your overall wagers. A pass line bet with single odds has a house edge of 0.85 percent and with double odds, the house edge drops to 0.61 percent.Over the last few years, many casinos have been allowing the players to take larger odds bets. Some casinos actually compete with each other to see who can offer the highest odds, up to 100 times odds. Although this sounds great, it is impractical for average players to wager this much unless they have a very big bankroll.3-4-5 Times OddsIn order to make things quick and easy for everyone, from the players to the dealers to the Box Men, many casinos have incorporated a simplified odds system where they only allow odds of 3, 4 and 5 times a Pass Line wager. With this system, players are allowed to take three, four or five times odds, depending on the point number. And, you can get odds on Come Bets too!If the point is 4 or 10 you can take 3 times oddsIf the point is 5 or 9 you can take 4 times odds.If the point is 6 or 8 you can take 5 times odds. Craps Odds BetsOdds for $5 Pass Line BetPointTimes Odds-PaysYour odds bet for Your Payoff: 4 or 103 times pays 2 to 1$15$305 or 94 times pays 3 to 2$20$306 or 85 times pays 6 to 5$25$30 Continue Reading