Why should you Hedge your Bets in Craps?
Hedging means protecting another bet while making one bet. Most of the players play through pass line around $ 5 or $ 10 and then go-ahead and hedge with $1 craps bet.
In this case, if the shooter roll-outs and lose the craps bet, it’s a lost of one dollar only and hence it’s not so painful.
The casino goes ahead and odds craps for 7:1 and in this case player would win 7 dollars for the dollar one bet. In this way, players believe dollar one craps play as protects and $ five line bet are come-out roll outs.
One another known hedge is using dollar one hard six or eight to protect and help the player’s. This is also like doing pass over odds.
For example – if you go for dollar 5 don’t’ pass and point is 8, then you go-ahead and lay dollar 12 over odd’s against the same point, with this you have total dollar 17. You can then make dollar 2 hard 8 and essentially take away in any of the ways and you would lose the Don’t Pass.
Hedging is a smart play. It’s more useful in long-term rather than short-term. Incase you keep hitting around 20 minutes at a stretch of time and when the distribution keeps going crazy with every other dice roll, produces number 2, number 3 or number 12, they may be dollar crap can turnout to be a good hedge and protects you from the bet on the pass-line.
At times, this may work and you could win craps bets and then you could think you are a genius. However, in long-tern you could loose.
The craziness in variance would be in the distribution which shows a number 2, number 3 or number 12 every other dice roll and might not last long. Therefore, in this way if you hedge your bets consistently you are for sure to loose over time.
For most of the players craps go under as negative expectation of the game. Everything over the table except for the odds bet would be negative for most of the players. There is no possible combination where in you can have negative expectation of bet existing and yielding over positive expectation.
You say in different words, you cannot mix two or multiple negative expectation bets to make it favorable suiting your bets. You just can’t go-ahead and do this combination of bets.
It’s very important you understand the concept. The concept is if you use bad bet to hedge an odd bet, then it would make up into worse bet. This would convert your good bet into worse bet.
In short, if you can not control yourself from hedging, then you need to perform each step carefully. You would thing what difference would it make? As it’s only matter of a buck. If you think this way, the day is not far where you would reach a poor house.
As that measly dollar one chips in very quickly and you would not know when it rises to millions of dollars from dollar one and you loose the bets. Hence, it’s very important you take Step by step approach when you start hedging.
