Craps Hedging Strategy



  • The effects of hedging are positive however, depending on what you're looking to get out of the game. To put things in perspective, lets look at one of the most common hedge bets in the game. Placing an any craps bet down on the come-out roll to hedge a pass line bets is a sight seen often in Vegas.
  • It's a fairly straight forward hedging strategy where nothing changes, the come out roll the bets are always the same, with some place bets with the field and both the pass and don't pass but at different amounts with full odds.

The Basic Betting Method is only one part of the complete Automatic Craps Strategy. If you want to use the complete strategy you will find it in the Automatic Craps manual. However, you can develop substantial winnings using just the Basic Betting Method. After summarizing this playing strategy we present the 'cheat sheets' set up for each.

Strategy #9

Hedge Hog System – Good for a cold to choppy table

Basic Gist: Bet the Don’t Pass Line with odds AND 2 place bets.

Maximum Loss – about $22, you won’t lose much with this method

This is a variation of a Don't Pass 'HEDGE' system You start with a $10 don't pass bet.
After the come out roll make a place bet on the six and eight for $6 each . Take the money from the first hit on either of these numbers.

Strategy


** This is the most important part, as this will now guarantee you a profit regardless what happens.

If the shooter sevens out at this point you will lose your $12 place bets. You have already collected $7 from the first hit and will collect $10 from your don't bet for a profit of $5.

The second time your place bet hits you place the 5 and the third time it hits you place the 9. From this point on you 'HOG' any profits from your place bets.

Any time a shooter makes his point you ride out all the existing place bets. Do not place any more numbers or make another Don't bet on this shooter.

If the shooter throws a 7 or 11 on the come out, pass on this shooter. If you lose on three shooters in a row you find another table or quit.

Lets look at what can happen with this system:

IF THE SHOOTER SEVENS OUT:

Before the first hit you loose your $12 place bets but collect the $10 Don't bet for a loss of $2.

After the first hit you are plus $5.

After the second hit you are plus $7. ($7 from the first hit, $2 from the second hit and $10 for the don't bet minus the $12 place bet)

After the third hit your are plus $9. ($7 plus $2 plus $2 and $10 for the don't bet minus the $12 place bet)

IF THE SHOOTER MAKES HIS POINT:

Before the first hit, you are minus $10.

After one hit you are minus $3. (You collected $7 from your place bet but lost $10 don't bet)

Craps Hedging Strategy Games

After second hit you are minus $1. (You collected $7 plus $2 minus your $10 don't bet)

After third your are plus $1. (You collected $7 plus $2 plus $2 minus your $10 don't bet)

REMEMBER: You still have your place bets and will ride them out, taking any profit.

WORST CASE SCENARIO:

The shooter makes his point right away then Sevens out immediately after establishing his next point.

You are MINUS $22. By quitting after three loses in a row, you can try this with a minimum bankroll of $75 dollars.

Strategy 9-A

A more aggressive (and dangerous) Hedge System: The Inside hedge system


$225 is the minimum bankroll. You begin this system just before a come out roll. You put down $75 somewhere in front of your friendly base dealer and request;'$51 no 4(or 10, your choice) and $12 each place 6 and 8. If the dealer asks if the 6 and 8 work, tell him no.


When 7 rolls on the come out, the 6 and 8 are safe but the lay bet against the 4(or 10) wins $25 and you must pay a dollar to keep the bet up. Once a point is established, the place bets win $14 every time they hit. If you have made a profit on the place bets, you now have the option of taking down the lay bet against the 4(or 10) and playing a progression on the 6 and 8's or
sticking it out until 7 out.


A killer 7 at this point loses your $12 each 6 and 8 (a loss of $24) but if the lay is still there, it wins $24 ($25 minus $1 for the vig) making it a push.


If the 4(or 10, whichever you lay) rolls, you of course lose that bet. You can of course bet it again to recoup your loss, only you would have to win double. You can always bet double one time and then regress. That would be $150 in action. $102 no 4(or 10) and $24 each place 6 and 8. If you hit 7 on the come out or two hits on your place bet, you can go back to the $75 action.


When 6,7 and 8 are rolling a lot, this system can easily profit. After two stings on the lay bet, it's probably best to make a change.

Part One: Cut the Hedge Betting from Your Game by Frank Scoblete

When my financial advisor, investor, guru comes to my house to give me a rundown on what I own, what I sold, what I made, what I lost, and what it all cost, I go into an alpha state of relaxed, meditative awareness or, rather, unawareness. I know he is talking intensely about a multitude of important things but I hear very little as I am transported to another state of consciousness. Here is what I hear:

'In this fund, om, ah, om, hedging, ohm, oohmmm, we took the, ohm, ahhh, ohm, and transferred, om mani padre hummm, to these funds because, ah ing, we hedged our bets, ah in ah innn.'

Thirty minutes later, he’ll say: 'Any questions, Frank?'

I’ll rouse: 'No, no it’s as clear as the nose on the face of the Sphinx.'

Then I’ll say: 'Uh, did I make money?'

To which he’ll say either 'yes' or 'no' with a quick, real-world explanation like: 'Because the market was good,' or, 'The market was awful.' Then I’m perfectly content as I found out what I wanted to know.

Many craps players go into altered states of consciousness when assaulted with the mathematics of the particular bets they love to make. We gaming gurus love to throw around formulas that speak volumes about the outcome of various betting styles, when all the craps player is really interested in is this: 'Will I make money betting this way?' If the craps player is really savvy, his question will actually be: 'Will I lose less money betting this way?' A simple 'yes' or 'no' with some backup proof is all that most craps players want. All else is befuddlement.

Nowhere is befuddlement more, well, befuddling than concerning the question of hedging bets at craps. Spend some amount of time at the craps tables and you will see and hear a host of hedges, the most common of which are hedges that increase or decrease your chances of winning or losing on the Pass Line. Some craps writers are advocates of hedges as they believe it protects players from variance and volatility. But are hedges really worth it?

The Quintessential, Classic Craps Hedge

A classic craps hedge consists of utilizing one bet to offset another bet. For example, you place a $5 Pass Line bet and then ask the dealers to give you a one-dollar 'Any Craps' -- 2, 3, 12 -- in order to offset the possible loss of that Pass Line bet when any of the craps numbers appear. Thus, there is no way to lose on the Pass Line be utilizing such a scheme. You’ll win $40 on the 7 and 11, which will show up eight times (on average) in 36 rolls, but you’ll lose $8 on the Any Craps, for a net gain of $32. However, when any of the craps numbers appear-- and they’ll appear four times for every 36 rolls on average -- you will lose $20 on the Pass Line but win $28 on the Any Craps (which pays off at 7 to 1). So the hedger is ahead of the Pass Line game at this point to the tune of $40.

However, when a point number -- 4, 5, 6, 8, 9, or 10 -- is rolled, the Pass Line bet does not win or lose. The shooter now has to make that point before he rolls the dreaded 7. And what of all those Any Craps bets you’ve been making for a buck? What happens to them? The 24 times on average that a point number rolls is a loser for the Any Craps bet. So the Pass Line win is now reduced by $24. Still, by the end of the betting sequence, and in the long run, the hedger is guaranteed a win on the Pass Line come-out rolls of $16. Has our hedger successfully protected his Pass Line bet from being diminished by the craps numbers? No.

Why the Classic Hedge Increases the House Edge!

Craps Hedging Strategy Examples

At first, advocates of hedging will be delighted to look at the above figures and see just how 'protected' their Pass Line bet is by the Any Craps hedge. But can hedging advocates answer the following question in the affirmative: 'Will I win more or lose less by betting this way?' Sorry, you’ll losemore. Here why:

If you merely played the Pass Line sans hedging, you would have won $40 on the eight times the 7 and 11 appeared, lost $20 when the 2, 3 and 12 appeared; yet, you would have been ahead $20 for the full sequence in the long run. Contrast that with our hedger who wins only $16. The cost for hedging is a 20 percent reduction in our overall Pass Line come-out win in the long run. In this case hedging is a bad investment.

So, my advice is to take a pass on the Pass Line hedges.

Frank Scoblete is the #1 best-selling gaming author in America. His books and tapes have sold over a million copies. His latest book is Forever Craps: The Five-Step Advantage-Play Method. His website iswww.scoblete.com. For a free catalog call: 1-800-944-0406 or write: Paone Press, Box 610, Lynbrook, NY 11563.