Downtown vs Strip odds for proposition bets?

The forum name says it all. You're new to the game of craps and don't have a clue where to begin. Pass Line. Don't Pass. Come. Don't Come. Hardways. Big Six. Big Eight. The Horn. Good Grief! Sounds like back when you were trying to make a decision about what to do in the back seat on that first car date. Well never fear! There are a few folks around here who have spent enough time at the tables to be able to answer just about any question you may have. So step right up and get a clue!

Moderators: DarthNater, 22Inside

Post Reply
mainframe
Posts: 193
Joined: Thu Feb 19, 2015 10:07 am

Downtown vs Strip odds for proposition bets?

Post by mainframe » Wed Jun 21, 2017 10:51 am

Hey All!
I'll be going to Las Vegas very soon...this will be only my second trip out to LV...so I have a few questions:

1. I recently read the old "table condition list" posted at http://www.nextshooter.com/vegas. I realize the article must be a bit out-of-date. But it references "Downtown odds on prop bets" and "strip odds on prop bets". What does this mean/refer to. I know what a proposition bet is...but what are the differences in odds and EVs on between strip and downtown casinos?

2. Which Las Vega casinos offer "pay vig only on win" on buy bets?

User avatar
heavy
Site Admin
Posts: 11260
Joined: Mon Nov 22, 2010 11:46 am
Location: Texas
Contact:

Re: Downtown vs Strip odds for proposition bets?

Post by heavy » Wed Jun 21, 2017 1:47 pm

There are a lot of different ways of printing the odds on a layout - which complicates things. Also, this is not so prevalent as it once was. The Strip casinos are known for being tighter on comps than the downtown casinos, so that's another factor. Then there's the Field bet, which typically pays double on the 12 on the strip and triple downtown. Downtown is typically 30 to 1 or 15 to 1. Strip is typically 30 for 1 or $15 for $1. But you may see layouts with $31 to $1 and $30 to $1. Translated - most strip casinos pay $1 less on the prop bets than downtown casinos - UNLESS you are playing at a Caesars property - where they'll pay you $2 less on the same bets. Wizard of Odds notes that some properties pay $33 to $1 on bets like the 2 and 12. There's a nice chart on his site on this page that discusses odds on various bets. Scroll down until you find the prop bet section. If the odds don't scare you off on these bets then you probably need to re-think your play. Unless, of course, you are skilled at tossing specific numbers and bet these wagers only on yourself.

https://wizardofodds.com/games/craps/basics/
"Get in, get up, and get gone."
- Heavy

User avatar
Maddog
Posts: 498
Joined: Thu Jul 14, 2011 1:10 pm

Re: Downtown vs Strip odds for proposition bets?

Post by Maddog » Wed Jun 21, 2017 1:50 pm

Downtown vs Strip odds refers to the amount of the house vig on bets (mostly prop bets), or in other words which casinos pay more or less for certain bets. Generally Strip properties pay the worst, Downtown pays the next worst, and off-strip pays the least worst.

A bit dated, but on that same website: http://www.nextshooter.com/downtownVSstrip

Someone else will have to chime in with current conditions around Vegas.

User avatar
heavy
Site Admin
Posts: 11260
Joined: Mon Nov 22, 2010 11:46 am
Location: Texas
Contact:

Re: Downtown vs Strip odds for proposition bets?

Post by heavy » Wed Jun 21, 2017 2:29 pm

And as long as we're on the subject - Northern Nevada rules differ somewhat from Southern Nevada rules. Northern Nevada rules typically translates to double odds on line bets and come bets. Reno casinos pay 15 to 1 on several proposition bets like “eleven” instead of 15 for 1 (which is 14 to 1). You can also expect to see field wagers pay 2 to 1 on “2” and 3 to 1 on “12” when it rolls.
"Get in, get up, and get gone."
- Heavy

mainframe
Posts: 193
Joined: Thu Feb 19, 2015 10:07 am

Re: Downtown vs Strip odds for proposition bets?

Post by mainframe » Wed Jun 21, 2017 10:02 pm

Heavy and Maddog: thank you both for tanking the time to reply and answer.
I am definitely am un-enthusiastic about prop bets...but I occasionally throw a dollar on a prop bet...so I want to know which Las Vegas casinos offer the best odds (best of the worst?). Once in a while, on a come out roll, when betting the DP, I do a three way "hop the sevens" move.

User avatar
heavy
Site Admin
Posts: 11260
Joined: Mon Nov 22, 2010 11:46 am
Location: Texas
Contact:

Re: Downtown vs Strip odds for proposition bets?

Post by heavy » Thu Jun 22, 2017 11:29 pm

You have to be sure that three-way-sevens wager is booked as a three-way-sevens and not a Big Red bet. Three way sevens that hit pays $16 and down for a $3 bet. A $3 Big Red pays $12.
"Get in, get up, and get gone."
- Heavy

Post Reply