What's Your Prop Bet Approach (if any)?
Posted: Wed Dec 18, 2019 2:49 pm
If you insist on playing prop bets at craps that's your decision. But at least LIMIT the amount of action you're going to toss in to the middle of the table. Set aside a specific portion of your session bankroll for props and don't bet a buck more on them. You'll be dollars ahead in the long run.
For example. Buy in for $620 and ask for the $20 in white chips. Put the $600 (stack of green and a stack of red) in the front rack and the stack of white in the back. The front rack if for your Pass Line and odds bets and Place bets only. All PL and Place Bet wins are returned to that front rack.
Your prop bets are made from the white chips in the back rack. All prop bet wins are returned to that back rack.
The front rack will pretty much take care of itself. If you manage it correctly, so will the back rack. Let's say you take $4 and play all the hardways. The hard six rolls and it pays $9. You press all the hardways to $2 each and lock up $5 in the back rack. You now have your bets paid for and a $1 profit there. Just continue to play, doing your best not to add more money from your rack to replace a bet that loses. For example, if you $2 hard four falls tell the dealer to split the $2 hard ten with the four and give you a buck each on them. Now you have all of the hardways covered again without adding additional money to the prop bets and you still have a buck profit locked up. And if one of your hardways hits you just repeat the earlier step. Press the one that hit or press all of them - but lock up some sort of profit out of the payoff.
Continue to work your prop bets only out of the back rack. As long as you have money in that back rack you can play the props. But if things go south and you suddenly find yourself with NO chips remaining in the back rack - you are THROUGH playing prop action for that session. You've hit your prop bet loss limit. Stick a fork in it. Prop bets are done. Focus on where the profits are - the bets you're making out of the front rack. And if you're smart you have a loss limit for THAT rack as well, and if you hit that loss limit you hit the road.
For example. Buy in for $620 and ask for the $20 in white chips. Put the $600 (stack of green and a stack of red) in the front rack and the stack of white in the back. The front rack if for your Pass Line and odds bets and Place bets only. All PL and Place Bet wins are returned to that front rack.
Your prop bets are made from the white chips in the back rack. All prop bet wins are returned to that back rack.
The front rack will pretty much take care of itself. If you manage it correctly, so will the back rack. Let's say you take $4 and play all the hardways. The hard six rolls and it pays $9. You press all the hardways to $2 each and lock up $5 in the back rack. You now have your bets paid for and a $1 profit there. Just continue to play, doing your best not to add more money from your rack to replace a bet that loses. For example, if you $2 hard four falls tell the dealer to split the $2 hard ten with the four and give you a buck each on them. Now you have all of the hardways covered again without adding additional money to the prop bets and you still have a buck profit locked up. And if one of your hardways hits you just repeat the earlier step. Press the one that hit or press all of them - but lock up some sort of profit out of the payoff.
Continue to work your prop bets only out of the back rack. As long as you have money in that back rack you can play the props. But if things go south and you suddenly find yourself with NO chips remaining in the back rack - you are THROUGH playing prop action for that session. You've hit your prop bet loss limit. Stick a fork in it. Prop bets are done. Focus on where the profits are - the bets you're making out of the front rack. And if you're smart you have a loss limit for THAT rack as well, and if you hit that loss limit you hit the road.