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Craps Don't Wager The Sucker Bets

Dear Mark: Why is the betting the seven considered a "sucker bet" in Craps? Jason F. .

Bet quality, Jason, reminds me of rating the value of baseball cards. Poor, being a Yankee Red Ruffing retrieved 40 years ago from spokes of your Schwinn Sting-ray, or, a mint Mantle, still in the wrapper, gum included.

In the casino, bet quality is rated in terms of the house edge. This is the long haul average percentage the casino theoretically earns on every dollar wagered. The greater the edge, the more of your hard-earned money that you put into action the casino gets to keep, and the less you take home.

Although proposition bets like the seven have seemingly lofty payoffs, the house edge is way too high for you to waste your hard-earned money on them.

The seven, in particular, is called a sucker bet because it is the worst wager on a crap game, or any table game for that matter. This one-roll proposition bet has a house edge of 16.7%. Compare that, Jason, to a pass line wager with a casino advantage of 1.41%, and you can see which is the more valuable baseball card.

Don't be an easy target (okay, sucker) and trade your pristine 1952 Topps #311 Mickey Mantle for a pitcher with a win percentage of .548, even if Ruffing did have an exceptional World Series record of 7-2.


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