What are Double Odds?
Double odds can occur in any casino or slots game and also in sports betting, at the discretion of the game provider. However, the term ‘double odds’ is most likely to appear in relation to the game of craps. This dice-based table game is often available with varied odds at double, 5x and even 10x the original rates, although the chances of winning and the house edge are sometimes reduced to compensate. Double odds betting can also occur during craps. This kind of bet can be made at certain points in the game and offers a greater payoff for the player if the roll goes in their favor.
Double Odds Explained
Double odds means just that – the odds of a particular outcome are doubled, meaning a greater payout for the player in the event of a winning bet or roll. In the game of craps, double odds is commonly seen at tables in many casinos and double odds craps is even available online for players who prefer to play this way. You might also see casino slot games which call themselves ‘double odds’ – these games have far more chance of landing a winning spin, though they often compensate with lower value prizes.
In craps, double odds can form an important step in game play. A double odds bet is a side bet which the player can make after the come-out roll. The value of a win is approximately twice the odds of a pass-line bet or a come bet. A free odds bet, which can also be a double odds bet, is made at the pass with no house edge, passing advantage firmly in the player’s favor. In this sense, a large win is less likely but a low-value return is extremely probable. Craps players have their own favourite style of betting and there are lots of different combinations, of which double odds bets are just one kind.