Big Red bet on craps

[bbonline]

Most experienced players and experts in craps all agrees that the Big Red or any 7 bet in craps is a bet that "should be avoided". And I also agree to that, 'til recently. I've come across this article, located in http://www.crapspit.org/crplyplt2.htm that lifts the reputation of the big red and actually tells that this bet "offers the highest profit for money risked when the #7 shows". If you have time, you can read the article, and tell me what is your insight. Are you convinced about this idea?

[eaton2003]

Let's not all vote at once here.... come on lets get some voters.

[bbonline]

I've already got 2 votes here, and both disagrees with the thought that Big Red is a good bet to make . I haven't tried betting on it yet, and I think of gathering enough enthusiasm to bet on any 7.

[Spearmaster]

It is a stupid concept/system. There is absolutely NO way that anyone can figure out exactly when a 7 is due to be rolled. He agrees that in the long term, you will lose betting Big Red if you were able to bet every roll, but says that knowing how to bet the right way will allow you to WIN in the short term.

FFS. I can even win at keno over the short term, if I place a buck on a few numbers and happen to get lucky the first time around.

I can win at blackjack if, on the first hand that I bet, I am given an Ace and a 10-value card.

I can win Megabucks if I make the right bet at the right time and pull the handle to win the jackpot.

Does anyone see a pattern developing here? Once I have the ability to PREDICT the result, I can win.

So unless you can suddenly develop supernatural powers, Big Red is Big Bullshit. The only part of the claim that is true is that 7, out of any other possible result, makes the best payoff, due to the simple fact that betting on 7 is a 1/6 chance, while any other number is worse (6 or 8 is 5/36, 5 or 9 is 1/9, 4 or 10 is 1/12).

[bbonline]

It is a stupid concept/system. There is absolutely NO way that anyone can figure out exactly when a 7 is due to be rolled. He agrees that in the long term, you will lose betting Big Red if you were able to bet every roll, but says that knowing how to bet the right way will allow you to WIN in the short term.

FFS. I can even win at keno over the short term, if I place a buck on a few numbers and happen to get lucky the first time around.

I can win at blackjack if, on the first hand that I bet, I am given an Ace and a 10-value card.

I can win Megabucks if I make the right bet at the right time and pull the handle to win the jackpot.

Does anyone see a pattern developing here? Once I have the ability to PREDICT the result, I can win.

So unless you can suddenly develop supernatural powers, Big Red is Big Bullshit. The only part of the claim that is true is that 7, out of any other possible result, makes the best payoff, due to the simple fact that betting on 7 is a 1/6 chance, while any other number is worse (6 or 8 is 5/36, 5 or 9 is 1/9, 4 or 10 is 1/12).

That being said, who would bet on Big Red anyway, when majority of experienced and seasoned craps players avoid this bet .

[billy madison]

well iv been reading lots on this one and it all seems to blossem from one mans artical on Big Red, and as a matter of fact he acctually wants you to pay $77 for it so you can read what everyone already knows--- 7 isnt a very good bet. but iv been playing it on some online games and a purchased casino table games CD and have comprised a very viable method to using the 7 to win. yes you have to pay close attension to table trends!! but in using it right you can win. im convinced. Im going to the casino this weekend and will use my method. Ill report back my results soon as i can. Iv mustered 300.00 to play with, win or lose its going to be fun. that is mainly how i look at it and if you see it differently seek help.

[peppy]

nah! Big Red is a crappy bet with 9.09% house edge. Check out my page here that explains it: http://www.lolcraps.com/craps/bets/big-6-big-8/

Don't pass line bet along with some free odds is the best one there is with 1.36% house edge.

My homepage is: http://www.lolcraps.com/ (I am hinting at some needed backlink love only if you like my site and it would be useful for your visitors as a craps resource link ) Let me know what you think.

[billy madison]

well Peppy i did go to your site for the explaination! and you reitterated all the info iv been reading about big red. Unfortunatly im still not totaly convinced that my stratigey wont work.
so i gotta try for myself and ill report back prolly sunday . anyway iv got a Q about Big red. Im standing at the table about to throw some $$ at the 7 and i know that no one at the table wants to hear some one call out( 40 on the 7 please) so is there a nic name for it or do i just have to blurt it out? Id like to be conciderate of others if there is some etiquet i should attend to.
Iv never seen or heard anyone bet on 7 or didnt pick it up if they did got any clues to this ? Bil

[peppy]

Actually, the Any 7 bet can be the best bet in the entire game and also the worst. It depends on what rules the casino is using for their craps tables. For instance, some casinos will pay out 5:1 odds with the any 7 bet, which is True Odds, or 0% house edge! Many casinos pay out 4:1 odds, which are just plain terrible with a sucky 16.67% house edge. The 7 bet probably became popular with the 5:1 odds, then all the new inexperienced players thought: "betting the lucky 7 is always good", then casinos took advantage of them by making a slight rule change of 4:1 odds instead.

My page explains this: http://www.lolcraps.com/craps/bets/any-seven/

Hope this helps!
Peppy

well Peppy i did go to your site for the explaination! and you reitterated all the info iv been reading about big red. Unfortunatly im still not totaly convinced that my stratigey wont work.
so i gotta try for myself and ill report back prolly sunday . anyway iv got a Q about Big red. Im standing at the table about to throw some $$ at the 7 and i know that no one at the table wants to hear some one call out( 40 on the 7 please) so is there a nic name for it or do i just have to blurt it out? Id like to be conciderate of others if there is some etiquet i should attend to.
Iv never seen or heard anyone bet on 7 or didnt pick it up if they did got any clues to this ? Bil

[TheContrarian]

Actually, the Any 7 bet can be the best bet in the entire game and also the worst. It depends on what rules the casino is using for their craps tables. For instance, some casinos will pay out 5:1 odds with the any 7 bet, which is True Odds, or 0% house edge! Many casinos pay out 4:1 odds, which are just plain terrible with a sucky 16.67% house edge. The 7 bet probably became popular with the 5:1 odds, then all the new inexperienced players thought: "betting the lucky 7 is always good", then casinos took advantage of them by making a slight rule change of 4:1 odds instead.

My page explains this:

Hope this helps!
Peppy

Your page shows a screenshot of a casino that pays 5 FOR 1 not 5:1. Those are two VERY different things. Does lolcraps mean it is a joke? 5 FOR 1 has the same vig as 4-1.

[peppy]

Your page shows a screenshot of a casino that pays 5 FOR 1 not 5:1. Those are two VERY different things. Does lolcraps mean it is a joke? 5 FOR 1 has the same vig as 4-1.

Greetings TheContarian,

Thanks for the heads up, I greatly appreciate it. I've edited the article to correct the mistake and explain it a little better.

As for the meaning of "lolcraps", I chose this name because it can either mean "Live On Line" Craps or symbolize "Laugh Out Loud/Lots Of Laughs" for the entertainment factor. Not to mention, it is easy and short to remember!

Kind regards