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Learn Casino Craps

When one bet is made to "protect" another, this is known as "hedging". After they learn to play craps, players often make a $5.00 or $10.00 Pass Line bet and then hedge it with a $1.00 Any Craps bet. The gambler believes that the $1.00 Any Craps bet "protects" the $5 Pass Line bet from losing on the come-out roll.

Hedge Bets

A rarer hedge bet is using a $1.00 Hard 6 or 8 to help protect the player's Don't Pass with Odds. The disadvantage of this hedge bet is that if the shooter makes his point of 8 the easy way--such as with combinations of 6-2, 2-6, 5-3, or 3-5--then both the Don't Pass with Odds and Hard 8 bets are lost. Hedging sounds fairly smart in the short-term, but in the long-term it definitely is not. Once a player takes the time to learn casino craps properly, he realizes that if he consistently hedges his bets, he'll lose over time.

Negative Expectation Game

Craps is a negative expectation game for the player but not for the casino. Everything on the table, save for the true odds bet, is a negative for the gambler. There is no combination of negative-expectation bets that will yield a positive expectation. To put it another way, two or more negative-expectation bets cannot be mixed into something that is in the player's favor. It is important to understand that this simply cannot be done. Using a bad bet like Any Craps or a Hardway bet to hedge a good bet like Pass Line or Don't Pass will only make the good bet worse.

Hedges should be used carefully and sparingly. Many players feel that the mere $1.00 spent on a hedge bet is worth the cost of protecting a Pass Line bet on every roll. However, those insignificant $1.00 chips soon accumulate over a few hours of play. In no time at all, $50.00 has been tossed away on hedge bets and the player is left wondering where all his money went.